In the early months of his second term, President Donald Trump and his family embarked on several cryptocurrency projects, including a decentralized finance company and an exclusive dinner for investors in an official Trump memecoin. Since then, the Trump family’s connections to crypto have expanded further, deepening the president’s ties to an industry that is lobbying the administration and Congress to pass new and legitimizing regulatory frameworks.
The latest developments include large purchases of bitcoin, a cryptocurrency ETF, and a disjointed effort to launch an official Trump crypto wallet.
The wallet kurfuffle.
The wide—and confusing—net that Trump’s family and associates have cast across the world of crypto was exemplified early this month when the company behind the president’s namesake $TRUMP memecoin announced that it would be launching its own official “$TRUMP Wallet.” In crypto,…
