A recent report by the Center for Political Accountability (CPA) highlights significant risks in American politics stemming from increased political spending by cryptocurrency companies and the regulatory rollback under Donald Trump’s administration, who also plans to establish a “crypto strategic reserve.” The CPA report underscores that such actions demonstrate the profound risks of unchecked corporate political spending, especially in the volatile cryptocurrency sector, potentially eroding investor confidence and public trust. Despite Trump dropping lawsuits against major crypto firms like Kraken and Coinbase, the report emphasizes the bipartisan nature of crypto spending and argues that deregulation and opaque political contributions present serious concerns. The report cites Argentina as a cautionary tale, where President Javier Milei’s promotion of a failed cryptocurrency led to massive financial losses and calls for impeachment. Experts warn that without careful oversight and transparency, the risks associated with cryptocurrency’s role in politics could lead to further financial instability and undermine government credibility.

Source: https://www.theguardian.com/us-news/2025/mar/08/crypto-deregulation-trump