US President Donald Trump’s family has announced plans to raise $2.5 billion from investors for its latest cryptocurrency project, a “bitcoin treasury.” The move comes despite earlier denials by company executives. Eric Trump made the announcement at a crypto conference in Las Vegas.
Critics have labeled the venture as a scam or Ponzi scheme, citing concerns over the legitimacy and sustainability of cryptocurrency associated with the Trump name. Many have expressed skepticism about the project’s success.
Source: https://www.washingtonpost.com/opinions/2025/05/30/trump-crypto-bitcoin-treasury