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Moreover, the launch comes at a time when regulatory frameworks surrounding cryptocurrencies are increasingly scrutinized. Gary Gensler, the Chair of the SEC who has been an advocate for regulating crypto ventures, is set to resign just as Trump takes office. This could create an industry environment ripe for malfeasance, further raising alarm bells.
This moment in financial history raises questions about the transparent and ethical dealings behind TRMP Coin and others like it. The absence of oversight may lead to what many might see as “legal” bribery — where funds can be raised while effectively circumventing traditional laws designed to protect investors.