Democrats Woke Up to Trump’s Crypto Grift – Will They Stop Other Scammers?

Lawmakers in Washington are grappling with revelations of a dubious cryptocurrency venture tied to the Trump family. Congressional Democrats, having overlooked the scheme for months, are now racing to investigate the alleged self-dealing and questionable coin offerings that enriched Trump-affiliated businesses. They’re also debating new legislation aimed at preventing future fraudulent token launches. Observers say this case reveals bigger flaws in how regulators handle crypto: warning signs were missed until an explosive report exposed potential bribes and red flags. While the scandal has sparked outrage, it remains unclear whether it will lead to more robust consumer protection in crypto.