US Politicians Exploit Their Own Supporters With Meme Coin Scams
A recent series of scandals demonstrate how US politicians increasingly exploit their own supporters with financial schemes.
The clearest example of this is the Trump family’s deep involvement in the crypto industry.
Reuters reported that the Trump family made $2.3 billion in income from crypto ventures between November 2024 and April 2026, while investors lost basically the exact same amount, $2.25 billion.
In other words, this was an upward transfer of wealth from Trump fans and retail investors to the billionaire US president and his family.