How Crypto Corruption Took Over Washington
On this episode of The Time of Monsters, Jacob Silverman on why it’s hard to regulate the high tech ponzi economics.
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How Crypto Corruption Took Over Washington | Time of Monsters with Jeet Heer
On this episode of The Time of Monsters, Jacob Silverman on why it’s hard to regulate the high tech ponzi economics.
Over the last few years, crypto-currency has emerged as a political powerhouse, thanks to tens of billions in campaign donations. As Jacob Silverman reports in a recent feature in The Nation, “crypto, despite being a relative flop commercially, has infiltrated American politics.” This is most bluntly obvious in Donald Trump, who has become a crypto king in corrupt schemes that have enriched him and his family in billions of dollars. But almost as corrupt are the members of congress, of both parties, reluctant to regulate crypto. I talked to Jacob about the dangers crypto poses to the American economy and to American democracy.
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A cartoon image of US President Donald Trump with Bitcoin tokens at a Coinhero store in Hong Kong, China, on Friday, March 7, 2025.
(Leung Man Hei / Bloomberg via Getty Images)Over the last few years, crypto currency has emerged as a political powerhouse, thanks to tens of billions in campaign donations. As Jacob Silverman reports in a recent feature in The Nation, “crypto, despite being a relative flop commercially, has infiltrated American politics.” This is most bluntly obvious in Donald Trump, who has become a crypto king in corrupt schemes that have enriched him and his family in billions of dollars. But almost as corrupt are the members of Congress, of both parties, reluctant to regulate crypto. I talked to Jacob about the dangers crypto poses to the American economy and to American democracy.
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The Nation Podcasts
Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
Fighting Monopoly Power w/ Zephyr Teachout / The Time of Monsters with Jeet Heer
Donald Trump is practicing crony capitalism on an unprecedented scale, with the government greenlighting major mergers that benefit the president’s friends (most notably the Paramount-Warner Bros. merger). I spoke to Zephyr Teachout, who teaches constitutional law at Fordham, about this worrying development. We take up the long history of anti-monopoly politics going back to the American revolution and the trust battles of the late 19th century as well as the possibility state governments can fight the new wave of consolidation. Zephyr has often written on his subject for The Nation, notably in two recent articles.
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