New Yorker Piece on Trump’s Crypto Profits Alarms Bitcoiners

The New Yorker has just published an in-depth piece setting out exactly how much money Donald Trump and his family have made from crypto. It’s been done before — but now, concerns are being raised that the president’s pro-Bitcoin stance could prompt an aggressive clampdown when, and if, the Democrats return to power.

It’s fair to say that the author, David D. Kirkpatrick, is pretty skeptical about digital assets to begin with. He explains that the Trumps gravitated toward crypto after being de-banked by major financial institutions following the Capitol riot, with the family even treating this as an act of revenge.

Eric Trump is described as a “booster” of crypto who struggles to explain what it’s good for — except for maybe speeding up the process of getting mortgages. But Molly White, one skeptic quoted in the piece, says the main appeal tends to involve “getting around anti-money laundering laws and other regulations.”#TRUMP #CryptoProfit