According to Mars Finance News, on May 16th, The Economist's latest report pointed out that cryptocurrency has become the ultimate "swamp asset". Although the cryptocurrency industry initially dreamed of transcending politics, it has now become synonymous with self-serving behavior. The crypto industry has been deeply involved in US politics, with multiple cabinet officials and the Trump family holding massive digital assets, and TRUMP tokens being used for fundraising and lobbying. Companies like Fr8Tech have purchased tokens to gain interaction opportunities with the president. The article criticizes the industry for deviating from its decentralization original intention and becoming a tool for power rent-seeking, calling it the "ultimate swamp asset". In contrast, regions like the European Union and Singapore are advancing regulatory clarity while avoiding conflicts of interest. Note: "Ultimate swamp asset" is a critical expression used to describe asset types that appear to be high-tech or financial innovations but have actually become breeding grounds for power rent-seeking, regulatory arbitrage, and gray market transactions.
The Economist: Cryptocurrency has become a "swamp asset"
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