Cryptocurrency moguls heavily backed Donald Trump’s bid for the presidency, and he has already begun to pay them back by deregulating the crypto industry. Combined with Trump and his family’s own dive into the market, that may enrich him and his circle. But it may also worsen all kinds of criminal activity and risk the health of our financial markets.
In the last several years, the Securities and Exchange Commission (SEC) was moving to regulate crypto, recognizing its potential to destabilize traditional finance. Historically, the SEC’s enforcement…
