Trump's Crypto Empire: Profit Over People

A new Reuters/Ipsos poll found that 69% of Americans believe Trump's private business interests influence his decisions as president, while 63% say it is inappropriate for Trump and his family to profit from cryptocurrency ventures while he is in office.

According to Reuters' calculations, the Trump family made $2.3 billion from four main crypto projects with little-to-no downside risk, while other investors lost $2.3 billion, including paper losses.

The problem is not that one SEC proposal was written for Trump. The problem is that the administration is reshaping crypto regulation while the president's own family has a massive financial stake in the sector.