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EUROPES The European Report
European Edition Saturday, 18 July 2026
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Economy & Money

Trump has normalized crypto. Is it the path to the next financial collapse? | Eduardo Porter

Trump has normalized crypto. Is it the path to the next financial collapse? | Eduardo Porter
Business | The Guardian

Cheerleading by the president, who made $1.2bn last year off uninsured currency, does not bode well for US economy The scale of the graft is decidedly off the charts, but the revelation that Donald Trump raked in a personal fortune of $2.2bn during his first year in office should come as no surprise. The president didn’t even try to hide his venality. Not only did he refuse to sell businesses and put assets in a blind trust, as other presidents have done to limit opportunities for self-dealing; the quid pro quos with foreign governments and assorted magnates were exposed for all to see. It is

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