President Trump was once a loud skeptic of cryptocurrency — one who called it a haven for drug dealers and scammers. But over the past few months, he’s emerged as the industry’s biggest cheerleader.

A New York Times investigation shows how much the president and his family have profited from that transformation.

Eric Lipton, an investigative reporter for The Times, discusses what happens when the country’s top crypto policymaker is himself a crypto entrepreneur.

Guest: Eric Lipton, an investigative reporter for The New York Times.

Background reading:

The rise of Trump’s crypto firm.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Photo: Evelyn Hockstein/Reuters

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