The Crypto State

Ramaa Vasudevan

The Trump White House has helped install the ticking time bomb that is cryptocurrency directly into our economy. When it blows up, the damage will be catastrophic.

Illustration by Choi Haeryung

There can be few better examples of a purely speculative asset in today’s capitalist economy than cryptocurrency. That hasn’t stopped the crypto market from surging to an all-time high, even after its crisis of 2022, when roughly $2 trillion of crypto assets were wiped out. Donald Trump’s administration is now determined to promote crypto with all […]

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