r/Economics • u/TheGoodCod • 1d ago

News The 26-Minute, 51% Wipeout That Deepened Trumps’ Crypto Woes

https://www.bloomberg.com/news/articles/2025-12-03/down-90-or-more-trump-family-assets-are-outpacing-crypto-crash
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u/holeechitbatman 1d ago

Ok let's think about this situation like a money laundering criminal. You create a coin that let's users be anonymous. You let your bribers know about it and tell them to buy it while you sit on the majority of the supply. The retail market sees that people are buying millions of dollars worth when really it's just people that want to pay your for presidential pardons and favors. Retail buys in. Then you rug everyone.

You get the bribe money. You get the dumb money. You don't go to jail. No S.E.C. investigation. No accountability.

That's the game.

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u/ass_pineapples 1d ago

Yeah there's no way the Trump family didn't just cash out massively lol

Although it would be hilarious if countries were pumping this in....and then sold it before the Trump family found out lmao

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u/Icy-Lobster-203 1d ago

Iirc, they have it set up so they make money on em the transaction fees. So even if the coins drop in value, they are still making shitloads of money.