Want White House Access? Try Crypto!

Crypto! The currency of choice for criminals, money launderers, kidnappers, influence peddlers, arms/drug/human traffickers, and dictators stuffing their own pockets.

Trump & Sons is launching its own cryptocoin. No one is even talking about such quaint notions as corruption or conflict of interest. That’s so over! This White House is For Sale, baby! Even if you don’t necessarily get what you paid for.

“The stablecoin is the fourth digital currency that Mr. Trump and his business partners have marketed to the public over the last year. World Liberty already offers a cryptocurrency called WLFI. This month, the company announced it had sold $550 million of those digital coins. A business entity linked to Mr. Trump receives a 75 percent cut of the sales.

“Days before his inauguration, Mr. Trump also started selling a so-called memecoin — a type of digital currency based on an online joke or a celebrity mascot. Melania Trump put her own memecoin on the market that same weekend.

…

“Mr. Trump’s aggressive forays into the crypto market have come at the same time that his administration eases enforcement of crypto companies and rolls back regulations. His efforts to profit from an industry that he oversees amount to an enormous conflict of interest, with virtually no precedent in American history, government ethics experts have said.

…

“The emphasis on international payments raises the prospect that foreign governments or business entities might use the coin to curry favor with Mr. Trump, said Corey Frayer, who worked on crypto policy at the Securities and Exchange Commission under the Biden administration.

“’There’s a lot of opacity around this marketplace, and prior relationships with illicit finance,’ Mr. Frayer said.”

You think? Really?

http://www.nytimes.com/2025/03/25/technology/trump-crypto-stablecoin.html