Crypto Is Buying Your Democracy

Molly White breaks down meme coins, stablecoins, Bitcoins, the shadow financial system, and the $200 million campaign to gut your consumer protections

I have been saying for years that cryptocurrency has the structure of a multi-level marketing scheme: a small number of people at the top make enormous sums, while large numbers of ordinary people are recruited to invest, almost always lose money, and then recruit more people. What I did not fully grasp until recently was the scale of the political oper…