Trump Family Crypto Venture Reaps $1.4 Billion as Investors Lose Nearly $4 Billion
Updated
Updated · The New York Times · Aug 18
Trump Family Crypto Venture Reaps $1.4 Billion as Investors Lose Nearly $4 Billion
3 articles · Updated · The New York Times · Aug 18
Summary
$1.4 billion in gains for the Trump family and nearly $4 billion in investor losses sit at the center of a new conflict-of-interest accusation over Trump-linked crypto purchases.
The opinion piece argues those purchases coincided with pardons, dropped investigations and favorable regulatory decisions, casting the business as a vehicle for profiting from presidential power.
It says the arrangement may be unconstitutional and potentially illegal, framing the crypto venture as part of a broader effort to enrich the president and his family while in office.
The article also places the episode in a wider debate over crypto itself, citing long-running warnings from critics including Nouriel Roubini and JPMorgan CEO Jamie Dimon.