When profits, politics, and power collide—what happens to ethics?
In a powerful interview on Democracy Now! (May 6, 2025), researcher and writer Molly White broke down how Donald Trump and his family are profiting from cryptocurrency in ways that raise serious ethical and constitutional concerns.
White explained that Trump has raised nearly a billion dollars through various crypto ventures—including Trump-branded coins and NFTs—many of which offer exclusive perks like dinners with Trump himself. These schemes blur the line between fundraising, bribery, and influence peddling.
Even more troubling: Trump's crypto firm partnered with the Tron platform, which authorities have linked to illicit activities and militant groups, including Hamas and Hezbollah.
“What we're seeing is a president and former president using financial technology not just to enrich himself, but to create a shadow economy of influence," White warns.
The Trump administration was also known for its aggressive deregulation of the crypto industry, including appointing pro-crypto allies to top regulatory positions and halting investigations into crypto fraud—just as the Trump family expanded their crypto investments.
The full interview can be seen here:
Watch on Democracy Now
Related Reading:
- Wired: Trump’s Quest for Crypto Riches
- Reuters: Crypto Venture Partners with Militant-Linked Platform
- The Guardian: Trump Family’s Crypto Expansion Raises Red Flags
Why This Matters:
Cryptocurrency may seem like a tech trend, but in the wrong hands, it can become a tool for laundering influence, bypassing campaign finance laws, and consolidating power. As White makes clear, this is not just about digital money—it’s about democracy, accountability, and trust.
What do you think? Is cryptocurrency becoming the new currency of corruption?
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