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Cryptocurrency News Articles
The crypto industry is suddenly at the heart of American politics
May 15, 2025 at 06:11 pm
Thank the Trump family's investments, friendly regulators and lavish election spending.
The crypto industry is suddenly at the heart of American politics. Thank the Trump family’s investments, friendly regulators and lavish election spending
IN LATE APRIL Fr8Tech, a logistics firm based in Texas with a market capitalisation of about $3m, initiated an unusual investment. It said it was borrowing as much as $20m to buy $TRUMP coins, a cryptocurrency Donald Trump had launched three days before beginning his second term as president. (“Join my very special Trump Community. GET YOUR $TRUMP NOW,” he urged on social media.) The company managing $TRUMP had just announced that the biggest investors in the meme coin would be invited to dine with the president in late May. Javier Selgas, Fr8Tech’s CEO, said buying the coin would be “an effective way to advocate” for the sort of trade policies Fr8Tech wants.
This article appeared in the Briefing section of the print edition under the headline “Cryptocracy”
Briefing
From the May 17th 2025 edition
Discover stories from this section and more in the list of contents
More from Briefing
A glimpse inside Putin’s secret arms empire
The Economist tracks mobile signals to plot the Kremlin’s build-up
Saudi society has changed drastically. Can the economy change, too?
The government’s push to reduce dependence on oil is creating other distortions
Would Vladimir Putin attack NATO?
Russia is building up its forces, causing fear in its neighbours
Any Chinese curbs on Taiwan’s trade would carry big economic costs
But China could calibrate a trade “quarantine” to limit unintended consequences
Can China sap a divided and isolated Taiwan of its will to resist?
Taiwanese are growing more doubtful that they can fend off their hostile neighbour
Chinese military exercises foreshadow a blockade of Taiwan
The Trump administration’s fickleness is adding to the island’s anxieties
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