Opinion: Crypto was already in bad odour before jumping into bed with Trump. Now it smells worse


The Trump coin has no discernible value apart from its identification with Trump himself. — Reuters

One problem that promoters of cryptocurrencies have faced since the asset class first emerged is that its reputation stinks.

Crypto trading has become identified by regulators and in the public mind as a haven for scams, theft and other forms of sharp practice. The FBI, in its most recent annual report on cryptocurrency, found that crypto-related fraud has exploded. Criminality is "pervasive" in the field, the agency warned.

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