Critics slam deregulation of crypto as Trump family expands its footprint in industry

Watchdogs say cryptocurrency regulation and enforcement has plummeted while Trump family invests heavily in it

As Donald Trump's administration has cut regulations for the cryptocurrency industry, the crypto firm World Liberty Financial, in which the Trump family has a large financial stake, has grown quickly by launching its own stablecoin" and another digital token, prompting watchdogs and experts to warn of Trump's conflicts of interest and economic hazards.

Some key congressional Democrats and watchdogs are raising new red flags about the US president's growing conflicts of interest involving cryptocurrencies and risks to investors and the economy posed by multiple deregulatory crypto actions at federal agencies.