Collapse  

The Economist’s Prideaux: Crypto Has Become the ‘Ultimate Swamp Asset’

‘It‘s pretty alarming’
By Grabien Staff

EXCERPT:

PRIDEAUX: "I mean, the majority of the Trump family‘s wealth now is tied up in crypto rather than real estate. There‘s the company, World Financial Liberty, Donald Trump Jr.. Steve Witkoff's son have been, you know, zooming around, drumming up investment for that. I‘m actually less worried by the plane. I understand the concerns about that. To me, the kind of pay-to-play issues are far bigger with with crypto. I mean, crypto, it‘s amazing what‘s happened to this industry. It was started by people with libertarian ideas that you could create a new asset class that would be independent of government and divorced from politics, and it has become the ultimate swamp asset. If you look at the way in which people are using crypto to do influence peddling in Washington, it‘s pretty alarming."

Like our work? Support the cause.
$
/