alt Hacker NewsTrumpCoin and WLF are obvious grifts by parties associated with Trump and not actually part of government policy, and the president is not a rational actor trying to maintain a capable government.
El Salvador's experiment was generally a failure for various reasons, and they agreed to start rolling back the policies as part of an agreement with the IMF for another loan.
These projects happened because, yes, greed wins and destroys everything in its wake.
What about blackrock etf's? Tether being a huge buyer and holder of US treasuries for like 8 years straight? How the US and other countries are paving the way for stablecoin legislation. Tether is one of the most profitable companies of all time working with major banks on decreasing settlement times by days into seconds....
El Salvador did not roll back their policies... they have been a continual buyer, they just rolled back their "Required by law to be accepted", they added a bunch of special cases where you don't have to accept it, but alot of tourist destinations like el zonte still accept it (or atleast they did when i was there in late 2024).