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Graphic Truth: Trump’s crypto coin flip

Graphic Truth: Trump’s crypto coin flip
Riley Callanan
Writer and Reporter
https://twitter.com/rileymcallanan
https://www.linkedin.com/in/riley-callanan-barnardcollege/
https://www.instagram.com/riley.callanan/

Donald Trump’s crypto empire is expanding rapidly — and it’s sending shockwaves through both Washington and the digital-asset world. Once a vocal crypto skeptic, Trump has reemerged as the industry's most powerful advocate since returning to the White House. His business interests now span from the $TRUMP meme coin and crypto startups like World Liberty Financial to a new plan by Trump Media & Technology Group to raise $2.5 billion for Bitcoin, announced on Tuesday.As the White House advances crypto-friendly policies, critics warn of blurred lines between Trump’s public role and private interests. A new report from State Democracy Defenders Action estimates that crypto holdings now make up nearly 40% of the president’s net worth — roughly $2.9 billion. Even within the industry, some worry the close entanglement could ultimately do more harm than good.