President Donald Trump and his family have cashed in big since he won the 2024 election. Of the billions of dollars they have accrued over the past 18 months, the lion’s share has reportedly come from cryptocurrency assets that bear the president’s name or his family’s endorsement. The technology may be novel, but crypto lets the Trump family play the age-old game of separating fools from their money, all while leveraging Trump’s position in the White House to boost the sales pitch.

According to an in-depth investigation from Reuters, whose reporters reviewed thousands of documents, disclosures and blockchain records, the price of the crypto offerings Trump is marketing have plummeted — but not the profits that the Trumps…