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Donald Trump’s $113b crypto grift is a dark omen

The value of the president-elect’s “official” crypto coin has gone to $US70 billion since its launch on Friday night. But no one should be celebrating its apparent success.

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How times change.

Just before he took office in 1977, former US president Jimmy Carter put his famous peanut farm into a blind trust. It was one of several measures that Carter, who died last month, announced before his inauguration to avoid potential conflicts of interest and other ethical concerns.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/donald-trump-s-113b-crypto-grift-is-a-dark-omen-20250119-p5l5n3