‘I have never seen such open corruption’: Trump’s crypto deals and loosening of rules shock observers

After courtship with crypto industry, president now profits immensely from a sector he once said ‘seems like a scam’

Cryptocurrency multibillionaire Justin Sun could barely contain his glee.

Last month, Sun publicly flaunted a $100,000 Donald Trump-branded watch that he was awarded at a private dinner at Trump’s Virginia golf club. Sun had earned the recognition for buying $20m dollars of the crypto memecoin $Trump, ranking him first among 220 purchasers of the token who received dinner invitations.

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