Crypto turns Trump empire into billion-dollar fortune
From “crypto is a scam” to “crypto-friendly policy”
Ironically, Trump was once a staunch crypto critic, calling Bitcoin a “scam” in 2021. His stance shifted dramatically during the 2024 presidential campaign, following meetings with powerful crypto lobbyists. In July that year, he pledged to make his administration “crypto-friendly” if re-elected.
Since then, Trump has rolled out several pro-crypto initiatives:
- Establishing a National Bitcoin Reserve.
- Appointing crypto-friendly regulators to key agencies, including the Securities and Exchange Commission (SEC), leading to the suspension of several major investigations.
- Directing the Justice Department to scale back probes into crypto firms.
- Allowing Americans…
