Over his nearly seven months as president, the administration of President Donald Trump has taken a sledgehammer to regulations on cryptocurrency. A new report sheds further light on the reasons why.The president may be profiting far more from his "rapidly-growing crypto empire" than was previously ...

“President Trump’s net worth,” the group estimated, “could roughly be #$15.9 billion, with about $11.6 billion in uncounted crypto assets.” This would mean crypto accounts for 73% of his net worth.

Trump would be one of the foremost beneficiaries of this bill, which would exclude digital assets like his $TRUMP and $MELANIA “meme coins” from SEC regulation.

Not only does this benefit Trump, said Accountable.Us executive director Tony Carrk, but the legitimization and entrenchment of these unstable assets has the potential to make the whole economy less stable.

“Eerily reminiscent of the risky behavior that gave us the 2008 financial collapse, Donald Trump is ushering in a new era of casino-like speculation on Wall Street with highly volatile crypto trading in retirement accounts,” Carrk said.