Master of the Coin

You’ll be seeing a lot of assessments of Trump’s first 100 days this week. And many will focus on the low poll numbers, the weak stock market, the failure to pass bills, and the general ineptitude of a team seemingly designed to be inept. But there are areas where Trump is thriving, bigly. For example, he’s used memecoins and other crypto ventures to corrupt the system for personal gains in unprecedented ways. (Of course Trump would love a Memecoin, it’s got the word Me twice.) NYT (Gift Article): Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm. “Mr. Trump’s return to the White House has opened lucrative new pathways for him to cash in on his power, whether through his social media company or new overseas real estate deals. But none of the Trump family’s other business endeavors pose conflicts of interest that compare to those that have emerged since the birth of World Liberty. The firm, largely owned by a Trump family corporate entity, has erased centuries-old presidential norms, eviscerating the boundary between private enterprise and government policy in a manner without precedent in modern American history.” (For the Trump family, the market is good and shelves runneth over.)