Is Trump Truth Social the most important menace to crypto and wider world peace? Former President Trump is once more inserting himself into the guts of Center East instability. Over the weekend, he publicly entertained the thought of toppling Iran’s management in a Truth Social publish that has ramifications far past the U.S.
And even because the missiles fly, a few of Trump’s most loyal MAGA defenders are nonetheless on-line, performing Olympic-level backflips to faux their man didn’t simply do precisely what they swore he wouldn’t.
In the meantime, again residence, questions linger about Trump’s crypto dealings on Truth Social. As of late, Trump’s title stays tangled in crypto pump jobs that ethics watchdogs say blur the road between political affect and private acquire. Right here’s how Truth Social is destroying crypto:
‘I Have Never Seen Such Open Corruption’: Trump Crypto Shady Dealings
Whereas B-2 bombers ready to enter the Center East, Donald Trump entertained crypto whales over filet mignon solely weeks in the past. Particularly, the president rolled out a non-public 1-on-1 assembly about his memecoin $Trump, a speculative token with zero utility.
One in every of them, crypto billionaire Justin Solar, dropped $20 million into the coin, which earned him a golden ticket to a non-public dinner alongside 24 different high-rolling patrons. The complete factor reeks of self-enrichment.
Former federal prosecutor Paul Rosenzweig labeled it a “textbook” breach of the Structure’s intent. Harvard political scientist Steven Levitsky was extra direct:
“I have never seen such open corruption in any modern government anywhere.”
For the report: No person turned on Trump. He turned on his base.
Do not let any Con Inc. influencer gaslight you into believing in any other case. pic.twitter.com/dwHjhEMik6
— Pink Tablet USA (@Red_Pill_US) June 17, 2025
Trump’s relationship with Justin Solar says a lot about the place his head’s at. As soon as skeptical of crypto, the previous president champions it as gospel.
Earlier this 12 months, his administration helped pause SEC fraud instances towards Solar’s corporations. All of it matches neatly into Trump’s pledge to make America the “crypto capital of the planet” and finish what he known as a “war on crypto.”
Behind the scenes, the previous president is cashing in. His blockchain empire, together with World Liberty Monetary, was valued at $2.9 billion in March. 75% of token gross sales reportedly go straight to the Trump household.
The Value of Ambition
Trump’s twin methods of worldwide saber-rattling and crypto profiteering have drawn condemnation as exploitative and self-serving.
Trump as soon as known as Bitcoin “a scam,” and now he’s neck-deep in meme coin money grabs. His involvement within the $Trump token contradicts every part he stated in 2021 until, after all, the rip-off simply wanted to work in his favor.
As Trump and his institutional backers money in, belief amongst retail buyers continues to crater. 99Bitcoins analysts will observe his subsequent strikes carefully, if solely to doc how deep the contradiction runs.
EXPLORE: Tether CEO Paolo Ardoino Hopes For Web Optimistic From US Elections, Says Bitcoin Strategic Reserve Is A Nice Concept: 99Bitcoins Unique
Be a part of The 99Bitcoins Information Discord Right here For The Newest Market Updates
Key Takeaways
- As struggle in Iran lingers again residence, questions linger about Trump’s crypto dealings on Truth Social.
- Trump’s twin methods of worldwide saber-rattling and crypto profiteering have drawn condemnation as exploitative and self-serving.
The publish Is Trump Truth Social The Biggest Threat to Crypto in 2025? appeared first on 99Bitcoins.
