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Two sides of the Trump coin: Crypto dealer and policymaker

Two sides of the Trump coin: Crypto dealer and policymaker

World Liberty Financial has eviscerated the boundary between private enterprise and US government policy in ways unprecedented in modern American history.

At the end of his first term, Donald Trump turned to social media to express disdain for cryptocurrencies. By last year, his views had begun to shift. David Rowe

The pitch from “ZMoney” arrived on the encrypted messaging app Signal just days before Donald Trump’s presidential inauguration.

“ZMoney” was Zachary Folkman, an entrepreneur who once ran a company called Date Hotter Girls and was now representing World Liberty Financial, the cryptocurrency firm that Trump and his sons had recently unveiled. Folkman was writing to a crypto start-up in the Cayman Islands, offering a “partnership” in which the firms would buy each other’s digital coins, a deal that would bolster the start-up’s public profile.

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Original URL: https://www.afr.com/world/north-america/two-sides-of-the-trump-coin-crypto-dealer-and-policymaker-20250430-p5lvf5