The Working Reporter

The Working Reporter Journalist Ron Olsen on the web. Essays on politics, media and current affairs.

01/26/2025

Just days before his inauguration, Donald Trump became the world's newest crypto billionaire by peddling a worthless meme coin to his followers.

It's not the first time he's profited off the presidency, and it surely won't be the last.

It's also the latest reminder that the entire crypto industry is a giant Ponzi scheme — and that Trump won't do a damn thing to protect people from being swindled.

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