Trump family’s crypto deal insulates them from their meme coin’s falling value
Happy Tuesday. Here’s your Tuesday Tech Drop, the past week’s top stories from the intersection of technology and politics.
Trump’s lackluster token debuts as his profits rise
Donald Trump and his family’s cryptocurrency ventures continue to be among the most blatantly corrupt activities of the president’s second term. And they appear to have been structured the deal to insulate the family brand from the currencies’ poor performance.
On Monday, the Trump family began trading their meme coin, the so-called World Liberty token, which met with a tepid reception, akin to Trump Vodka or Trump Steaks. But The New York Times explained how a deal allows the Trump family to profit anyway:
The Trump family’s cryptocurrency venture known…
