Since Donald Trump returned to the White House, his administration has taken a friendly approach toward the cryptocurrency industry. Regulations have been scaled back, and this has coincided with the rapid rise of a crypto company called World Liberty Financial (WLF)—a firm in which the Trump family holds significant interests.

Enterprises like Bit Mining Ltd. (NYSE: BTCM) will be hoping that the involvement of the Trump family in crypto ventures doesn’t later trigger blowback against the industry when the federal leadership…

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