The recent issue of The Economist featured an article about the extensive involvement of the cryptocurrency industry in U.S. politics. Many officials in the U.S. government and the Trump family hold large amounts of digital assets. The use of the $TRUMP Token for fundraising and lobbying is underway. Some companies like Fr8Tech have purchased Tokens to have the opportunity to connect with the president.
The article criticizes the industry for straying from its original decentralized goals and becoming a profit-seeking tool. It has been dubbed the “ultimate asset of the swamp.” In contrast, the European Union and Singapore are pushing to clarify regulations while avoiding conflicts of interest.
This information is intended to provide market data and does not constitute investment advice.
Source: https://tintucbitcoin.com/the-economist-tien-dien-tu-thanh-tai-san-bun-lay/
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