Author: Elias Vilochkin, Chief Product Officer of ChangeNOW
Optimism around Bitcoin (BTC) is naturally high. The trade agreement reached between U.S. President Donald Trump and the UK has injected confidence into global markets, and Bitcoin, as the ultimate borderless asset, is benefiting from it.
However, behind the Trump administration's strong push for deregulation in the crypto industry lies a concentration of power that favors a few while neglecting the interests of the majority.
Cryptocurrency was designed for the common people—those tired of opaque financial systems that prioritize profit over the people's interests. Bitcoin emerged from the ashes of the 2008 financial crisis as a radical experiment in financial sovereignty, not to empower hedge funds and political elites.
What is happening now is quite the opposite. The Trump administration is rapidly taking steps to relax industry regulations under the guise of a crypto-friendly agenda. His family crypto business, World Liberty Financial (WLF), is a clear example. WLF has direct ties to Trump's son and launched its own stablecoin and digital tokens as the government began to ease regulations. Meanwhile, the Department of Justice disbanded the national cryptocurrency enforcement team and canceled investigations that were previously aimed at money laundering and fraud.
Regulators and critics are sounding the alarm over conflicts of interest. Trump's public enthusiasm for digital currencies is a business strategy. His administration's radical deregulation policies benefit WLF and similar companies, shielding them from scrutiny while expanding their financial influence.
Worse still is the politicization of cryptocurrency itself. Tokens associated with political figures like Trump flood the market. The hype surrounding these so-called "political coins" involves loyalty and influence. There are growing concerns that political actors are using cryptocurrency to establish new forms of centralized power.
The Trump administration portrays itself as the great liberator of blockchain, but the end result looks more like capitalism, with the promise of financial empowerment overshadowed by speculative gains. World Liberty Financial strides forward on the back of new capital, while ordinary investors struggle in an environment designed to put them at a disadvantage. Everyone receives the message: financial freedom is for sale—but only if you are in the right circle.
This is not the financial revolution promised by cryptocurrency. It is merely a replay of the same old game: the rich get richer, regulators turn a blind eye, and the rest of us are left to bear the consequences.
It is time for the unbanked, the marginalized, and those let down by traditional finance to make their voices heard. We must strip away the political branding and return to the core mission of providing real financial access to those who need it most.
This means showing people how cryptocurrency can help them in their daily lives, not just discussing it as an investment concept. For example, sending remittances home without losing 20% in fees, or saving in stable digital dollars when local currency collapses.
Trump's view of cryptocurrency talks about freedom, but behind it, you will find the same old power structures at work. If cryptocurrency is to realize its potential, the community must return to its original goal: breaking old patterns, not reinforcing them.
Author: Elias Vilochkin, Chief Product Officer of ChangeNOW
Related: Despite ongoing calls for investigation, U.S. political elites ignore the controversy surrounding Trump's cryptocurrency dinner.
This article is for general informational purposes only and should not be construed as legal or investment advice. The views, thoughts, and opinions expressed here are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Original: “Trump's Crypto Agenda is Tailored for the Rich”
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