The Trump family’s crypto empire is expanding rapidly, and it’s making earlier ethics debates over his hotel and casino business interests look downright quaint.
There are only so many rooms a foreign diplomat can book to curry favor with the president, and that might total into thousands of dollars, at most. And even President Donald Trump might have a limit on how many luxury Qatari jets he’d accept as gifts.
But in the opaque world of cryptocurrencies, where transactions are often anonymous and unbound by national borders, there is virtually no cap on the amount of money a person or government could funnel to the president, his family and the growing list of entities they control.
That list of entities already includes two “meme coins” — digital assets with no utility that serious crypto advocates tend to roll their eyes at — and an exchange called World Liberty Financial, which issues its own token.
And soon, anyone with a brokerage account will be able to buy shares on the open market of American Bitcoin, a crypto mining firm backed by the president’s sons, Eric Trump and Donald Trump Jr.
