The Economist criticizes that cryptocurrencies have become the "ultimate swamp asset."

ChainCatcher news, the international current affairs weekly The Economist recently published an article stating that the cryptocurrency industry has become deeply involved in American politics, with several cabinet officials and the Trump family holding substantial digital assets, and the $TRUMP token being used for fundraising and lobbying. Companies like Fr8Tech are exchanging tokens for opportunities to interact with the president. The article criticizes that the industry has deviated from its original intention of decentralization and has become a tool for rent-seeking, referring to it as the "ultimate swamp asset." In contrast, regions like the EU and Singapore are advancing regulatory clarity while avoiding conflicts of interest.

Note: "ultimate swamp asset" is a critical expression used to describe assets that appear to be high-tech or financial innovations but have actually become a breeding ground for rent-seeking, regulatory arbitrage, and gray market transactions.