The New York Times reported today: "It's truly incomprehensible that President Trump would enrich himself at the expense of so many supporters to this extent," said Lee Renas, a cryptocurrency researcher at Duke University. "The amount of money President Trump has made from cryptocurrencies since taking office exceeds what he earned in any single year throughout his entire business career."
Commentary: Trump has leveraged his presidential status to launch personal meme coins and amass wealth on a massive scale—this one cryptocurrency alone generated $636 million in revenue. Through related ventures, he raked in a total of $2 billion over the year, surpassing his highest annual earnings from his entire business life. Yet countless loyal fans who trusted and followed him have suffered massive losses after buying into these tokens, creating a stark picture of exploitation. By harnessing the immense public credibility inherent in his presidential role, he encouraged supporters to speculate and inflate prices, then cashed out large holdings at high prices while leaving grassroots followers with significant financial losses. The Duke University scholar’s remarks expose the clear conflict of interest involved. As head of state, Trump should be balancing public interest and managing people's livelihoods—but instead, he has turned his public office into a profit-making tool targeting devoted voters, recklessly allowing speculative bubbles to grow for personal gain.
Original source: toutiao.com/article/1869600369721355/
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