Trump Crypto Venture Tied to Flagged Chinese AI Firms

Is Trump's crypto business a harmless family venture or unprecedented corruption by a self-serving president?

Published 5 days ago

Trump Crypto Venture Tied to Flagged Chinese AI Firms

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Above: U.S. President Donald Trump at Joint Base Andrews in Maryland on Aug. 16. Image credit: Eric Lee/Getty Images

The Spin

Pro-Trump narrative

President Trump's crypto ventures are a non-issue. This business, like his others, is run by his family and managed through institutional accounts in which he has no involvement. Instead, any real concern should focus on ensuring America continues to lead in crypto, lest it cede that vital capability to China, which would be disastrous for U.S. national strategy.

CNBC

The White House on Youtube

Anti-Trump narrative

This report merely confirms that Trump's only interest is himself. It follows a pattern of self-enrichment by the president, especially in crypto, where he and his cronies installed friendly regulators and pushed legislation to shield crypto from oversight. As clear as day, this is textbook corruption at a scale no sitting president has ever attempted before.

Robert Reich Senator Elizabeth Warren of Massachusetts