The author expresses concern that Donald Trump's potential policies, supported by crypto enthusiasts, could lead to financial disaster. He argues that crypto's unpredictable nature, coupled with its association with illicit activities and speculative bubbles, poses a significant risk to the U.S. economy.
Donald Trump and his crypto friends could expose the American economy to potentially devastating crypto risks.
Why does crypto — a technology prized by libertarian types for being untethered from government — suddenly need tethering to government?Financial calamities are a seasonal thing, slamming into us every five or 10 years. A friend and colleague once told me the secret to winning a Pulitzer prize as a business reporter was to predict the next one before anyone else. That’s not what I’m trying to do here.
Fools and their trust funds will part early and often. That is nothing new. But what matters here is what happens next. Creating a federal crypto reserve passes that potato to the federal government — and to you, the taxpayer.
Economics Cryptocurrency DONALD TRUMP CRYPTOCURRENCY ECONOMY RISK REGULATION
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