
Trump, Finance, and Pandora’s Box
Will President Donald Trump go down in history – again – for opening Pandora’s box in finance? There are at least two reasons to think so: cryptocurrencies and structured finance. Let’s start with so-called cryptocurrencies. Since Trump returned to the White House, crypto trading volumes have surged. Even back in August, when he was still a candidate, Trump had loudly declared he wanted to make the U.S. “the crypto capital of the world.” And he didn’t stop at words: since last October, Trump and his three sons – skirting basic conflict-of-interest norms – have lent their name ...