Trump's Crypto Cronies Descend on White House in Desperate Bid for Industry Giveaways
The Revolving Door Project has condemned an upcoming White House roundtable on cryptocurrency and prediction markets, calling it a 'desperate attempt' by the Trump administration to push through industry-friendly policies before the November midterms.
According to The Revolving Door Project, the event is part of a broader effort by the Trump administration to use its influence to secure favorable regulations for the crypto and prediction market industries. This would allow these industries to continue operating with relative impunity, despite concerns over their potential for money laundering and other illicit activities.
Senior researcher Henry Burke stated that 'Donald Trump is not content with the billions of dollars in corrupt crypto wealth he has amassed since winning the 2024 election.'
RDP assistant director Timi Iwayemi added that the cryptocurrency industry is eager to establish a financial system where scams and money laundering can flourish, while their prediction market partners envision a society where gambling is venerated as a legitimate investment strategy.