The discussion is ripe regarding whether Trump’s Truth Social represents the most significant threat to cryptocurrency in the coming years. The former president is once again becoming a pivotal figure in Middle East disputes, having hinted at potential actions against Iran in a recent post on Truth Social, an issue that stretches beyond U.S. borders.

Despite ongoing military activities, many of Trump’s steadfast supporters seem to ignore the reality of his actions—a situation reminiscent of Olympic gymnastics, as they twist narratives to maintain loyalty. At home, scrutiny increases surrounding Trump’s cryptocurrency activities on Truth Social.

Arguments have been raised regarding Trump’s influence in crypto, especially in light of his speculative venture into the $Trump memecoin—a risky token devoid of real utility. Notably, Justin Sun, a billionaire in crypto, invested $20 million in this token, granting him exclusive access to a lavish dinner with Trump and other high-end investors. Critics assert that such interactions signify a troubling blend of political influence and monetary gain.

According to former federal prosecutor Paul Rosenzweig, this behavior denotes a clear contravention of ethical standards expected in civic duty. Meanwhile, Harvard political scientist Steven Levitsky expressed severe concerns: “I have never seen such open corruption in any modern government anywhere.”

As Trump pivots from skepticism about cryptocurrency to embracing it wholeheartedly, many are left to wonder about the legitimacy and ethical implications of his rapid transformation.