Crypto has become the ultimate swamp asset
WHEN OFFERED a Boeing 747 by the government of Qatar to replace Air Force One, President Donald Trump responded: why not? Only someone dumb would turn down free money. No presidency has generated so many conflicts of interest at such speed in modern history. Yet the worst self-dealing in American politics is found not on a runway but on blockchains, home to trillions of dollars in cryptocurrencies.
Over the past six months crypto has taken on a new role at the centre of American public life. Several cabinet officials have large investments in digital assets. Crypto enthusiasts help run regulatory agencies. The industry’s largest businesses are among the biggest donors to…
