温馨提示:本站仅提供公开网络链接索引服务,不存储、不篡改任何第三方内容,所有内容版权归原作者所有
AI智能索引来源:http://www.bee.com/zh/58687.html
点击访问原文链接

The New York Times: Trump family’s cryptocurrency scam is worse than Watergate | Bee Network

The New York Times: Trump family’s cryptocurrency scam is worse than Watergate | Bee Network Login 熱門新聞 Meme Launchpad AI 代理商 DeSci 熱門鏈瀏覽器 新人必讀 衝百倍幣 蜜蜂遊戲 必備網站 必備APP 必關大神 DePIN 新人必備 教我避坑 基本工具 深度網站 交易所 NFT 工具 你好, 登出 Web3宇宙 遊戲 DApp 蜂巢 增長平台 生態 搜尋 英語 Coins儲值 登入 下載 Web3大學 遊戲 DApp 蜂巢 生態 分析•The New York Times: Trump family’s cryptocurrency scam is worse than Watergate The New York Times: Trump family’s cryptocurrency scam is worse than Watergate分析4 個月前更新懷亞特 19,4141 7 Original author: Jacob Silverman (author of Gilded Rage: Elon Musk and the Radicalization of Silicon Valley)

Original translation: Kaori, Peggy, BlockBeats

Editor’s note: In the history of American politics, no president has ever interwoven state power, personal brand and financial speculation into a global experiment like Trump.

The combination of money and power is not new, but when this combination takes the form of “tokens,” when the image of a head of state is minted as a tradable asset, and when political influence can flow freely on the blockchain, what we are facing is no longer corruption in the traditional sense, but a systemic restructuring.

This article documents not a single scandal but a paradigm shift: the president is no longer just a politician, but the largest holder of 加密貨幣currency in the decentralized economy; diplomatic relations are no longer forged through secret conversations, but connected by wallet addresses. Technology, once seen as a guarantor of transparency and fairness, may now be the new power broker.

When cryptocurrency enters the White House, and when the digital shadow of the US dollar becomes entangled with national will, we must rethink a question: In this era of “on-chain sovereignty,” do the boundaries of power still exist?

The following is the original text.

The New Wallet of Power: How Cryptocurrency Entered the White House If you were an authoritarian leader trying to influence another head of state, you might gift him a luxuriously appointed Boeing 747; you might spend lavishly at his hotels or invest in the numerous businesses he and his children own; you might even buy his sneakers, NFT, and other branded merchandise.

In President Trump’s case, potential “power brokers” have a richer menu of options.

But now, all of this seems redundant.

During his campaign, Trump announced his own cryptocurrency initiative, World Liberty Financial, and launched his eponymous “Memecoin” just days before his inauguration. Anyone who purchased World Liberty tokens could indirectly funnel funds into the Trump family business. Through crypto projects controlled by the president, his son, and family friends, the Trump family has amassed a paper fortune worth billions of dollars.

World Liberty became a powerful conduit for influence: anyone—you, me, or an Emirati prince—could enrich Trump simply by purchasing the company’s tokens.

The key lies in this convenience. For those seeking influence, suitcases filled with cash and Swiss bank accounts have been replaced by crypto tokens that can be quickly transferred between wallets and exchanges. And more sophisticated crypto users—nation-state actors, hacktivist groups, money laundering rings—can obscure their tracks with tools like coin mixers.

It is this convenience that makes cryptocurrency the tool of choice for criminal organizations and sanctions evaders.

The Illusion of Transparency: When Corruption Occurs in the Name of Decentralization This is unprecedented in American political history.

Looking back at scandals in past administrations—the corrupt staff around President Grant, the oil lease bribes in the “Teapot Dove Scandal” during the Harding era, and even Nixon’s “Watergate”—none has ever seen anyone conflate personal and government interests on such a scale as Trump, nor has anyone ever reaped such huge personal profits from it as he has.

There’s nothing innovative here. What’s truly novel is that a sitting president is blatantly leveraging his name, image, and social media influence to promote crypto tokens that look like thousands of other products on the market. To MAGA supporters and ordinary speculators, buying these tokens could mean breaking the bank. For a president to lead a political supporter in such a risky investment is inherently reprehensible.

But the greater risk is that powerful overseas forces may use this to transfer huge amounts of money to Trump.

For any head of state, buying Trump’s tokens or investing in his crypto projects has become a straightforward act of political speculation.

This is exactly the perverse incentive created by Trump’s “encrypted donation box.”

Take, for example, two recent multi-billion dollar deals between Sheikh Tahnoon bin Zayed Al Nahyan, one of the most influential figures in the UAE, and Steve Witkoff, Trump’s Middle East envoy.

In the first transaction, the state-owned investment fund led by Tahnoun pledged to invest $2 billion worth of USD1 stablecoins (issued by World Liberty Financial) in Binance, the world’s largest crypto exchange. (Stablecoins are cryptocurrencies designed to maintain a stable value and serve as a “digital dollar” alternative.)

Notably, Binance founder Changpeng Zhao is seeking a pardon from Trump after pleading guilty to money laundering.

In the second deal, Witkov brokered an agreement with venture capitalist David Sacks, Trump’s appointed “AI and Cryptocurrency Chief,” to allow the UAE to purchase hundreds of thousands of high-end AI chips for use in its data centers. These chips are highly sought-after in the global AI race and are subject to strict export controls. Experts worry that the chips could be resold or shared with Chinese companies by the UAE.

Although there is no conclusive evidence showing that there was a clear “exchange of interests” in these two transactions, the participants and interest networks are highly overlapping, and the model of mixing public and private is becoming a hallmark of the Trump administration.

Tahnoun’s use of the $2 billion USD1 stablecoin is intriguing in itself.

If his purpose is just to invest in Binance, he can just transfer the money directly.

Choosing World Liberty Financial’s USD1 stablecoin as an “intermediary” is essentially “making blood” for a company that directly benefits Witkov and Trump.

Despite the scandal, Trump’s crypto activities have mostly taken place in a relatively public environment.

Some notorious crypto figures even boasted on social media that they had purchased tens of millions of dollars in WLFI tokens.

The most active among them is Chinese crypto entrepreneur Justin Sun, who frequently shows off his large holdings of World Liberty and Trump meme coins on social media, and positions himself as an important supporter of Trump’s crypto empire.

In February, the U.S. Securities and 交換 Commission (SEC) asked a federal judge to halt its civil fraud lawsuit against Sun, a request the court granted. In May, Sun, one of the top holders of Trump Memecoin, was invited to a dinner at Trump National Golf Club in Virginia, where he received a gold watch from the president.

In the past (a few years ago), if the president had such an obvious conflict of interest, Congress would have held hearings and law enforcement agencies would have launched an investigation.

But the Supreme Court’s recent ruling on “presidential immunity” has almost rendered these oversight measures ineffective.

The Justice Department will not prosecute a sitting president.

At the start of his new term, Trump fired 18 inspectors general—key figures who could have uncovered and investigated government encryption practices. In February, he ordered the Justice Department to suspend enforcement of the Foreign Corrupt Practices Act (which prohibits bribery of foreign officials) until four months later.

At the same time, regulators have shifted their focus away from the cryptocurrency sector, and the Trump administration has helped advance a legislative agenda favored by the crypto industry.

The crypto wealth accumulated by Trump and his descendants seems to be continuing to expand during his term.

There’s no sign of a “ceiling” to stop the continued influx of foreign capital. This opens the door to a level of corruption never before seen in the United States. We must confront its dark potential.

原文連結

本文源自網路: The New York Times: Trump family’s cryptocurrency scam is worse than WatergateRecommended Articles

Related: Take Profit or Open a Position: How to Observe Recent 市場 Changes from a Macro Perspective in Plain LanguageRecommend

The market seems to have recently entered an unpredictable phase. Blue-chip cryptocurrencies remain volatile at high levels, with their overall direction uncertain. The altcoin market has not yet experienced the anticipated full-scale bull run, while DAT assets or crypto-to-equity stocks have dominated the traditional financial markets. Prior to this, many voices on social media have characterized this bull market as driven by traditional capital. I strongly agree with this assessment, and this sector of capital exhibits several distinct characteristics compared to previous market cycles, such as a strong influence on macroeconomic factors, lower risk appetite, greater concentration of capital, weaker wealth spillovers, and less pronounced sector rotation. Therefore, during this period of significant macroeconomic changes, re-examining these developments will help us make informed decisions. Overall, I believe that as Powell…

#分析# 加密#交換#市場# 模因幣# NFT#代幣#工具© 版權聲明文章版权归作者所有,未经允许请勿转载。 上一篇 Trivia: The first DApp on Ethereum was a prediction market 下一篇 24-Hour Hot Coins and News | BitMine May Have Increased Its Holdings by Nearly 380,000 ETH, Worth Approximately $1.5 Billion, Since the October 11th Crash; Ant Group and JD.com Suspend Stablecoin Issuance Plans in Hong Kong (October 20) 相關文章 Even the ex-boyfriend of the founder of OpenAI was hacked; crypto billionaires have become the number one target of “phy 6086cf14eb90bc67ca4fc62b 15,645 1 Aave Umbrella officially passed: stkGHO APY 13% stablecoin mine falls? 6086cf14eb90bc67ca4fc62b 28,225 1 Cycle Trading: BitDeer’s original intention, rebirth, and leap 6086cf14eb90bc67ca4fc62b 34,824 1 BitMart Weekly Market Report 11.17–11.23 6086cf14eb90bc67ca4fc62b 14,853 2 A blogger who reported a $45 million profit on Binance’s live trading platform commented: “Inexperienced traders, stop day trading now!” 6086cf14eb90bc67ca4fc62b 16,910 2 Understanding LayerFi (Layered Finance): The Inevitable Logic of On-Chain Finance Evolution (2025-2030) 6086cf14eb90bc67ca4fc62b 18,086 1 則評論 您必須先登入才能發表評論! 立即登入 #BeelieverINL5WWK 客人 我是詐騙案的受害者,我損失了很多錢,最多達 $170,000 我想對 Innovations recovery Analyst 表示感謝,感謝他們在我從外匯經紀商處追回資金時提供的卓越協助。他們在處理複雜過程中的專業知識和敬業精神實在值得讚揚。通過他們的指導和不懈努力,我成功追回了 $170,000 的資金,為我提供了急需的緩解。我強烈推薦他們 - INNOVATIONSANALYST@ GMAIL.COM 或 WhatsApp + 1 424 285 0682 向任何面臨類似挑戰的人推薦,因為他們幫助客戶的熱誠和承諾確實令人印象深刻。感謝他們在解決此事上所提供的寶貴支援。.

3 个月前 最新的文章 Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 15 小時前 535 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 15 小時前 631 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 15 小時前 599 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 15 小時前 502 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 15 小時前 569 熱門網站TempoLighterGAIB滑翔機普朗克雷爾斯BCPokerVooi Bee.com 全球最大的 Web3 入口網站 合作夥伴 CoinCarp Binance CoinMarketCap CoinGecko 幣活 盔甲 下載Bee Network APP開啟您的Web3之旅 白皮書 角色 常問問題 © 2021-2026.版權所有。. 隱私政策 | 服務條款 下載蜜蜂網路APP 並開始 web3 之旅 全球最大的Web3入口網站 合作夥伴 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白皮書 角色 常問問題 © 2021-2026.版權所有。. 隱私政策 | 服務條款 搜尋 搜尋站內鏈上社群媒體新聞 熱門推薦: 擼毛打金 數據分析 必關大神 教我避坑 繁體中文 English 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 繁體中文

智能索引记录