Monday, January 19, 2026

How Crypto Is Used for Political Corruption (Anne Applebaum, The Atlantic, podcast and transcript)

This new source of money is giving the administration unprecedented new powers.

"So there is the risk when it comes to the asset itself in the sense that these assets are highly volatile. Many of them, you don’t know who has created the asset. You don’t know who is running the business. You don’t know their credibility or their background. They aren’t required to disclose it under the current regulatory regime. There have been many, many cryptocurrencies that are known as “rug pulls,” where, essentially, the creators of these assets inflate the price artificially and then sell all their tokens, profiting immensely themselves but at the expense of everyone they convinced to purchase the tokens...."


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