Opinion: Cryptocurrences penetrate the power center in Washington, making them a core variable in American politics, capital, and power

In April 2025, Fr8Tech, an otherwise obscure logistics company headquartered in Texas, suddenly announced the purchase of a crypto token called $TRUMP for $20 million - the very same "Presidential Coin" that Trump has launched in a high-profile bid to return to the White House. The company even claims that buying this generation of coins is "the best way to support free trade".
Almost at the same time, as far away as Pakistan in South Asia, the finance minister signed an agreement with World Liberty Financial (WLF), a crypto finance company owned by the Trump family, to promote blockchain infrastructure building. Indian media quickly interpreted this as a signal of "courting Trump". A few weeks later, Trump claimed to have successfully brokered the India-Pakistan ceasefire agreement, adding a complex political color to the crypto diplomacy. Analysts believe that these two events are not accidental coincidences, but the epitome of the violent transformation of the power structure in Washington: cryptocurrencies are leaping from a fringe industry to a core variable of American politics, capital and power. (Jin Ten)