Trump’s Crypto Venture Divides the Industry

New York Times: “Crypto executives criticized the move as a cash grab, saying that Mr. Trump had undercut the industry’s credibility at the very moment when proponents were seeking a more prominent place for digital currencies in mainstream finance and business.”

“His venture, they said, created a brief and highly publicized bubble that partly deflated within a few days even as Mr. Trump’s family and its business partners collected millions of dollars from fees on purchases and sales of the coin.”

Said one industry supporter: “It makes it all look corrupt and self-interested.”