US rise of cryptocurrency and fall of regulation pose ‘profound risks’ – report

Center for Political Accountability, which advocates for corporate disclosure, warns of fallout from Trump's efforts

A new report warns of profound risks" in American politics as cryptocurrency companies increase their political spending and Donald Trump oversees regulatory retreat while promising to create a crypto strategic reserve".

The situation illustrate[s] the profound risks that unchecked corporate political spending presents, particularly within the volatile and often unpredictable cryptocurrency industry", reads the report, from the Center for Political Accountability (CPA), a non-profit that advocates for corporate political disclosure.