Trump Family Business Interests at Centre of Regulatory Backlash

The Trump administration has been accused of prioritizing the interests of its family business over regulatory oversight.

US President Donald Trump and his eldest son, Donald Trump Jr, have a growing presence in the cryptocurrency and online prediction markets, where users bet on various events such as elections and sports results.

A key financial regulator, the Commodity Futures Trading Commission (CFTC), has reportedly scaled back its enforcement activities in these sectors during Trump's second term in office.

The alleged actions have raised concerns that the president may be using his power to benefit his family business.