Donald Trump has been aggressively courting the cryptocurrency community as part of his 2024 campaign, including meeting with bitcoin miners, fundraising in Silicon Valley, and opening his campaign to crypto donations last month, a first for a major party candidate.
Now, Trump, who in 2019 called bitcoin a currency “based on thin air,” is embroiled in his first cryptos scandal, amid allegations that his youngest son Barron—or maybe disgraced pharma exec Martin “Pharma Bro” Shkreli—is behind a cryptocurrency “meme coin” called DJT, the same letters as the former president’s initials.
Earlier this week, vague rumors began circulating that the coin, which launched in May, was going to be the former president’s “official token,” sending the value of the crypto coin surging.
As…
