alt.hn

7/4/2026 at 1:37:26 PM

Nearly a Million Investors Lost a Total of $3.8B on Trump Crypto Coin

https://www.nytimes.com/2026/07/04/us/politics/nearly-a-million-investors-lost-a-total-of-3-8-billion-on-trump-crypto-coin.html

by _tk_

7/4/2026 at 3:13:32 PM

From the article:

"Anna Kelly, a White House spokeswoman, said... “All actions by President Trump and his administration are taken in the best interest of the American people.”"

"Since arriving at the White House, Mr. Trump and appointees have curtailed regulatory oversight of the industry, including policies related to memecoins."

"Despite the cratering prices, Mr. Trump has faced few consequences from his ventures, because federal regulators have largely abandoned crypto enforcement."

by ripe

7/4/2026 at 1:54:36 PM

Good. Caveat emptor. If you’re that dumb, you deserve to lose it all.

by joebuckwilliams