Over the last decade, libertarians behind crypto exchanges (e.g., Bitcoin became the 5th most treasured asset in the world valued at 1.8 trillion dollars, Nguyen 2025) have advocated that digital currency supported by block-chain technology will replace the US dollar as the world’s standard currency by decentralizing and completely removing governments from all monetary control. Of late, Donald Trump and his family have become crypto evangelists. They launched a crypto platform called World Liberty Financial, which sells crypto currency in exchange for ‘goodwill’ from the Trump family, such that the first tens of millions sold in Liberty Coins were put under control by the Trumps, which means these purchased coins could not be traded; the ownership of each Liberty Coin was registered using a block chain but information about crypto ownership was largely kept secret (see Klein 2025 for complete details). The total market value of this currency is 2.5 billion dollars with the Trumps having absolute control over 0.5 billion. Chinese born Justin Sun recently purchased $30 million of Liberty Coins, since he was being investigated for fraud by the FCC. Under President Trump, the case against Justin Sun has been temporarily suspended.
Furthermore, Trump’s World Liberty Financial has released Stable Coin which is pegged to the US dollar such that each coin is worth $1 US (Klein 2025). Chengpeng Zhau (CZ), who is a crypto dealer through Binance Holding Ltd., and is worth $70 billion, purchased $2 billion of Stable Coin in May of 2025. CZ had been convicted of laundering the earnings by criminals involved in child trafficking and terrorism; he spent four months in a US prison and was fined $4 billion and made to step-down as the CEO of Binance. It is believed that he would like President Trump to issue a pardon for his transgressions.
The Crypto environment today is much like the introduction of a newly trafficked drug that has not been identified and outlawed by the government. As is true of all pyramid schemes, the initial owners of the scheme tend to amass the greatest wealth before being banned or regulated. In 2024, Eric Trump and Donald Trump Jr. created a bitcoin mining facility called American Bitcoin Corporation, to contribute to the 137 bit-mining facilities currently humming away and drawing massive energy (2.3% of the national grid) in the United States (Wending 2025). In his speeches, Trump wants to make the United States the center of crypto: “If crypto is going to define the future, I want it to be mined, minted and made in the USA.” (Trump DJ., 2024. Bitcoin Conference, Nashville Tennessee, 28 July)
Once the political class of America gets its act together—after recovering from the trauma of a Trump presidential victory—it is paramount that they institute a series of laws to outright ban or severely regulate crypto exchanges—especially those used by the Trumps to extort money from legally compromised billionaires such as Justin Sun and Chengpeng Zhau. The Trumps are notorious for shirking the law by creating fake universities, fake real estate, and other fake contracts; rather than having their bitcoins pegged to the US dollar the coins should instead be pegged to a pound of their flesh that could be negotiated in exchange for prison time. This would be a far more effective deterrent against their criminality than all the paltry monetary penalties that have been litigated against the family over the decades.
The current state of the crypto environment, as you Edward J Tehovnik described, indeed resembles the early, unregulated stages of a disruptive innovation—similar to the emergence of an illicit drug before it becomes widely understood and regulated. This analogy highlights the speculative nature, rapid growth, and potential risks associated with cryptocurrencies and related mining activities.
The involvement of prominent figures like Eric Trump and Donald Trump Jr., with the creation of the American Bitcoin Corporation and its extensive mining operations, underscores how high-profile individuals are entering the space, potentially influencing public perception and regulatory responses. Operating 137 mining facilities and consuming a significant portion (2.3%) of the U.S. national grid signifies the scale and energy-intensive nature of current crypto mining activities.
Trump's public statements about positioning the U.S. as a global hub for crypto mining reflect a strategic effort to foster domestic innovation and economic growth within this sector. However, such ambitions also raise questions about environmental sustainability, energy consumption, and the need for regulatory oversight to ensure that growth does not come at the expense of broader societal or environmental concerns.
Overall, this scenario illustrates the complex interplay between technological innovation, economic opportunity, environmental impact, and regulatory challenges that define the evolving landscape of cryptocurrency in 2025.
Presidential corruption in the modern age often involves misuse of executive power for personal or political gain, such as embezzlement, nepotism, or manipulation of democratic institutions, and is exacerbated by weak accountability systems, politicized judiciaries, and global networks that enable discreet financial misconduct.
Presidential corruption in the modern age remains a pressing issue, often involving misuse of state resources, favoritism, and undermining of democratic institutions; while digital transparency and media scrutiny have increased exposure, weak enforcement, political immunity, and institutional decay continue to enable such corruption in many countries.
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