Donald Trump's increasing involvement with cryptocurrency, highlighting his shift from skepticism to embracing digital assets, influenced partly by the success of his NFTs and his children's interest in crypto. This change is further evidenced by his appointment of pro-crypto Paul Atkins as SEC Chair, signaling a potential shift in U.S. crypto regulation from an enforcement-heavy approach to one focused on innovation. Sources also detail Trump's crypto-related ventures, such as the World Liberty Financial project and the $TRUMP meme coin, which offered exclusive access to events for top holders, even as some of these ventures show signs of the family divesting privately. Additionally, the texts touch on the SEC's application of the Howey Test to determine if cryptocurrencies are securities, citing cases like SEC v. Terraform Labs and SEC v. Ripple Labs, and note a recent decrease in SEC enforcement actions in the crypto space. Overall, the sources paint a picture of evolving political and regulatory landscapes surrounding cryptocurrency, intertwined with Trump's personal and business interests.
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