CoinVoice recently learned that the international current affairs weekly 'The Economist' has published an article stating that the cryptocurrency industry has become deeply involved in American politics, with several cabinet officials and members of the Trump family holding substantial digital assets. The $TRUMP token is being used for fundraising and lobbying. Companies like Fr8Tech are buying tokens in exchange for opportunities to interact with the president. The article criticizes the industry for straying from its original decentralized intention, reducing itself to a tool for rent-seeking power, and refers to it as the 'ultimate swamp asset.' In contrast, regions such as the EU and Singapore are advancing regulatory clarity while avoiding conflicts of interest.

Note: 'Ultimate swamp asset' is a critical expression used to describe assets that appear to be high-tech or financial innovations but have actually devolved into a breeding ground for rent-seeking, regulatory arbitrage, and gray market transactions. [Original link]