🔥 The Trump administration is 'turning on' its crypto-friendly mode!

Donald Trump is intensifying his ambition to make the U.S. the global 'crypto mining capital'! 🌎

The Trump administration is heating up the U.S. crypto market with new policies reducing industry oversight and encouraging #Bitcoin mining, making the U.S. the global 'crypto mining capital'.

According to recent reports, the administration's actions have attracted a massive $40 billion inflow into crypto ETFs in May alone, with institutional money showing strong interest.

However, despite the positive developments, the Trump family is facing criticism for making a $320 million fortune from the $TRUMP memecoin and a $2 billion deal with the Abu Dhabi fund and Binance through the World Liberty Financial project (issuing stablecoin USD1).

While the administration touts the creation of 700,000 jobs related to crypto in the U.S., data shows 764,000 retail wallets have sustained heavy losses from investing in $TRUMP, in stark contrast to 58 whale wallets that have earned over $10 million each.

The community on X calls this the 'path of corruption', questioning whether Trump is promoting crypto for the common good or just to enrich his family with each passing day.

Opportunity or risk?

The administration's friendly policies have attracted a record inflow of institutional money, with $40 billion flowing into crypto ETFs in May, enticed by the administration's actions.

Moreover, #BTC mining is strongly supported, which could help the U.S. maintain its lead in this industry. With the GENIUS Act (currently progressing in the Senate), the stage is set for a stablecoin boom, presenting new opportunities for investors.

However, conflicts of interest from Trump's projects are shaking investor trust. According to blockchain data, 98% of retail investors are in the red, bearing the brunt of the losses.

If this week's U.S. economic indicators (FOMC Minutes, GDP, PCE) show high inflation, #BTC and the crypto market may face strong selling pressure.

The community on X warns: '$TRUMP is a trap for retail investors!'

Key takeaways:

• The $TRUMP memecoin has seen its price plummet from the peak, with 98% of retail investors in the red, according to blockchain data.

• The $2 billion deal involves the Abu Dhabi fund and Binance, but a lack of transparency raises concerns about legality.

• The U.S. currently accounts for 35% of the global hashrate, up 10% from last year thanks to Trump's policies.

The administration is undoubtedly creating a huge opportunity for crypto, but the drama surrounding $TRUMP and related projects may undermine investor confidence.

This week, keep an eye on the FOMC Minutes (05/28), Q1 GDP (05/29), and PCE (05/30), as they could cause #BTC to fluctuate significantly. If inflation decreases, the crypto market could surge. But if the Fed maintains a 'hawkish' tone, be prepared for turbulence!

What do you think? Is Trump the 'crypto hero' leading the market into a trap? Is $TRUMP worth the investment or just a 'bait'?

input:

"The Trump administration is heating up the U.S. crypto market with new policies reducing industry oversight and encouraging #Bitcoin mining, making the U.S. the global 'crypto mining capital'.

According to recent reports, the administration's actions have attracted a massive $40 billion inflow into crypto ETFs in May alone, with institutional money showing strong interest.

However, despite the positive developments, the Trump family is facing criticism for making a $320 million fortune from the $TRUMP memecoin and a $2 billion deal with the Abu Dhabi fund and Binance through the World Liberty Financial project (issuing stablecoin USD1).

While the administration touts the creation of 700,000 jobs related to crypto in the U.S., data shows 764,000 retail wallets have sustained heavy losses from investing in $TRUMP, in stark contrast to 58 whale wallets that have earned over $10 million each.

The community on X calls this the 'path of corruption', questioning whether Trump is promoting crypto for the common good or just to enrich his family with each passing day.

Opportunity or risk?

The administration's friendly policies have attracted a record inflow of institutional money, with $40 billion flowing into crypto ETFs in May, enticed by the administration's actions.

Moreover, #BTC mining is strongly supported, which could help the U.S. maintain its lead in this industry. With the GENIUS Act (currently progressing in the Senate), the stage is set for a stablecoin boom, presenting new opportunities for investors.

However, conflicts of interest from Trump's projects are shaking investor trust. According to blockchain data, 98% of retail investors are in the red