Steve Bannon’s Cryptocurrency Implodes

ABC News: “Within weeks, the currency’s value soared. Bannon and Epshteyn, two original architects of Donald Trump’s political operation, promoted it relentlessly on social media and on Bannon’s hit podcast, positioning it as a rejection of President Joe Biden and an alternative currency for conservatives that would support job creation and regularly donate to charities.”

“The name of the coin itself sought to capitalize on political divisions; dubbed $FJB, the currency takes its name from the shorthand version of the vulgar MAGA expression ‘Fuck Joe Biden.'”

“But now, thirteen months on, the cryptocurrency has fallen on hard times. $FJB, now officially said to stand for Freedom Jobs Business, has lost 95% of its value.”