Inside Trump’s crypto empire and its impact on international relations
Cryptocurrency is a true mystery to most. Terms like blockchain, decentralised finance (DeFi) and mining are alien to them. Meanwhile, with the absence of any regulating body, crypto has become the first choice of those involved in illegal acts, including terrorism. Now, it has also suddenly come to play a role in international diplomacy, acting both as a tool for economic innovation and a potential weapon in geopolitical strategies.
US President Donald Trump, who used to be staunchly opposed to crypto, is now its strongest advocate.
The shift started when Trump campaigned for presidency in 2024, having accepted donations worth $7.5 million in cryptocurrency. Since he took oath for the second time, he has launched ventures for crypto…