Crypto lobbyists are polluting the US election

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Three years after saying bitcoin seems like a scam, Donald Trump appears newly enamoured

It is not particularly fashionable to point out when Donald Trump gets something right . But for the record, back in 2021 he was right about crypto. Having two years earlier pointed out that crypto is “not money” and that its value is “based on thin air”, the former president said bitcoin “just seems like a scam”, suggested crypto was “a disaster waiting to happen”, and said “the bitcoins of the world” should be regulated “very, very high” .

There is not even any kind of an attempt to hide the influence-buying; quite the opposite in fact. On Tuesday, the incumbent congressman for New York Jamaal Bowman was defeated in the most expensive primary election in the Democratic party’s history. A vocal critic of Israel, who lost to a pro-Israel rival, he had also voted against pro-crypto bills.

 

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