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Business & Economics

Trump’s crypto empire is a brazen hustle

The New Statesman
Summary
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61% Informative

Donald Trump has turned his second presidency into a personal enrichment scheme.

The president is engaging in what many financial experts say is a scam industry.

The Trump family’s net worth has increased by an estimated $3bn thanks to various crypto schemes and investments.

The constitutional mechanism to deal with this kind of behaviour is impeachment.

Except he won’t offer any protection from magical thinking, and he certainly isn’t the guy emptying his own bank account to buy virtual coins with cartoon dogs on them. He is, instead, a man who sees an opportunity to exploit others’ naivety and penchant for risk-taking in order to profit handsomely, with little to no risk to himself. A man who we might say is inordinately talented at selling shit in a can..

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