The cryptocurrency industry in the United States has shifted from its original vision of decentralization and anti-authoritarian ideals to becoming closely intertwined with the American government, particularly the Trump administration. Reports highlight that crypto has evolved into what is described as the "ultimate swamp asset," characterized by self-dealing and rent-seeking behaviors. The industry has been criticized for facilitating large-scale fraud, money laundering, and other financial crimes while developing an unusually close relationship with the White House. This association raises concerns about regulatory ethics, with the Trump administration's promise to regulate cryptocurrency being compared to "foxes guarding henhouses," potentially leading to corrupt financial regulations and increased risks of banking crises. Additionally, industry events such as "Crypto Fight Night" have become key networking platforms, further entrenching these connections.