Trump has normalized crypto. Is it the path to the next financial collapse? | Eduardo Porter
A commentary piece argues that President Trump's personal financial stake in cryptocurrency — reportedly over a billion dollars earned last year — creates a direct conflict of interest as his administration moves to mainstream digital assets, potentially setting the stage for broader economic instability.
Why this matters: When the person setting financial policy is also personally profiting from the asset class he is promoting, that is not a gray area. Crypto is already volatile and largely uninsured. If retail investors pile in because the president is cheerleading it, and the market collapses, ordinary people lose real savings while those at the top got out early. The conflict of interest here is not subtle. It is public, documented, and so far consequence-free. That is the part worth watching.
Who should care: Cybersecurity · Privacy officers · Administrators
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