The Bunker – News without the nonsense Has crypto captured the Trump Administration?
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Mar 25, 2025 In this discussion, tech journalist Molly White, a vocal crypto skeptic and the force behind Citation Needed, dives deep into the surprising embrace of cryptocurrency by the Trump administration. She explores how Trump shifted from skepticism to promoting crypto, raising eyebrows about potential profit motives. White connects the dots between crypto, political lobbying, and regulatory challenges, warning about risks that could threaten traditional financial systems. Her insights illuminate the darker implications of this partnership, urging awareness around the volatile, often opaque crypto landscape.
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Crypto's True Nature
- Crypto is a digital speculative asset, essentially gambling.
- There's no real asset or business behind it, just a tradable digital representation.
Crypto's Predatory Nature
- Molly White became a crypto skeptic when the industry targeted everyday people.
- She saw it as predatory due to scams, fraud, and lack of regulation.
Cryptocurrency Proliferation
- There are numerous cryptocurrencies because anyone can create one, making it potentially profitable.
- Despite some differences, many are simply money-making schemes.