I have written a lot about "crypto," or "cryptocurrency," in my many blog postings. Today, let me furnish you with a link to what amounts to an index to some of my past pronouncements. This is an incomplete index, let me say.
In addition, in order to keep you abreast of the ever-ramifying crypto "scam," a term that I think fairly describes what cryptocurrency is all about, I want to link you up with an article from the May 1, 2025, edition of The New York Times (The Times' paywall policies permitting, of course).
The article I am talking about, the article that I have just linked, above, is titled as follows: "Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm." That's the online version of the headline. In the hardcopy version of the paper, The Times titled its article this way: "Trump Shapes The Policy On Crypto, And Cashes In."
If you agree with me that "crypto" is, in fact, properly described as a "scam," then be advised that our current president is personally milking that crypto scam as a good way to make an additional buck or two for the family. Or, maybe it's a billion or two!
Here is an excerpt from The Times' article, which kind of sums it all up:
Mr. Trump’s return to the White House has opened lucrative new pathways for him to cash in on his power, whether through his social media company or new overseas real estate deals. But none of the Trump family’s other business endeavors pose conflicts of interest that compare to those that have emerged since the birth of World Liberty.
The firm, largely owned by a Trump family corporate entity, has erased centuries-old presidential norms, eviscerating the boundary between private enterprise and government policy in a manner without precedent in modern American history.
Mr. Trump is now not only a major crypto dealer; he is also the industry’s top policy maker. So far in his second term, Mr. Trump has leveraged his presidential powers in ways that have benefited the industry — and in some cases his own company — even though he had spent years deriding crypto as a haven for drug dealers and scammers.
[Our current president] has filled his administration with sympathizers to the crypto cause, including by appointing a former adviser to industry players as chairman of the Securities and Exchange Commission. In addition, the Justice Department recently disbanded a crypto crimes task force, continuing a broader unwinding of Biden-era scrutiny of the industry.
A Times examination of World Liberty’s rapid ascent from fledgling startup to international force — and Mr. Trump’s conversion from crypto skeptic to industry cheerleader — highlights the range of conflicts of interest trailing the company (emphasis added).
If you can track down the article online, and slip past the possible paywall, you'll find a lot more details. However, I do think the relatively brief excerpt I have provided, above, is a pretty good summation. And.... here's a picture from the Trump, World Liberty website. That's our current president, inviting your investment. "Be defiant," he's saying.
What our current president is not saying is that he intends to profit from your "defiance," however your investment turns out, and if you lose everything, well, that's your problem, right?
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