WSJ: CEX executives meet with U.S. Treasury officials to discuss easing government regulations on the company.

On May 19, the Wall Street Journal reported that US President Donald Trump and his family’s passion for cryptocurrencies has made the industry one of the biggest winners in his second term. Given Mr. Trump’s vast business interests, critics have raised ethical concerns. Representatives of the Trump family have made an agreement on investing in CEX. US to discuss. This would allow the President of the United States to do business with a company that admits to violating anti-money laundering laws. CEX executives also met with U.S. Treasury officials to discuss deregulating the company by the U.S. government. CZ, the founder and majority shareholder of CEX, recently said that his lawyer has formally applied for a pardon. Last year, he spent four months in prison on related charges. The Trump family also owns a company called World Liberty Financial, which was launched last September. Trump’s sons, Donald Jr., Eric and Barron, are all involved in the venture, and the Trump family controls about 60 percent of the company. Justin Sun has further fueled this momentum with a $75 million investment in the project. In February, the U.S. Securities and Exchange Commission (SEC) asked the court to stay a lawsuit alleging fraud against Justin Sun and his company. Trump’s team is trying to push Congress through two crypto bills in the coming months: one to create the first regulations for stablecoins, and another to dictate which crypto products are regulated by the SEC as securities and which are regulated by the Commodity Futures Trading Commission (CFTC) as commodities. The Senate is expected to vote on its version of the stablecoin bill soon. Some Democrats have opposed the bill, citing Trump’s potential conflicts of interest and stablecoin activity.