US Politics
The Cost of Celebrity: How a Trump-Backed Crypto Venture Decimated Investors
A publicly traded company saw its shares plummet 92% after a billion-dollar bet on a Trump-family-backed cryptocurrency, which earned the Trump brothers half a billion dollars. This stark disparity between private windfall and public ruin epitomizes a corrosive culture where financial ventures, draped in political celebrity, can decimate ordinary investors while insulating the powerful from the consequences of their promotional endorsements.
