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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

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

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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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