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Trump family’s fortunes tumble by $600m as company faces 'deep downturn'
The Trump Crypto Grift Is Not a Market StoryPower FirstThis is not mainly a story about Bitcoin, or even about a bad investment. It is a story about a political family turning public power into private exposure and then calling the result entrepreneurship. Donald Trump, his sons, and the companies around them are not ordinary market participants. They are the first family of an administration that has normalized the conversion of political office into a speculative revenue stream.What HappenedAccording to Bloomberg, American Bitcoin Corp., co-founded by Eric Trump, has seen its shares fall…
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