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Every time a crypto scammer/fraudster/grifter is exposed, the following 48 hours usually sees the industry promise that it will do better, that it will self-regulate, self-police, and take steps to ensure folks will not cause that type of harm again.

However, by the time a couple of days have passed, many in the industry invariably go back to palling around with scammers/fraudsters/grifters.

Recently, many in the industry have voiced their support for a presidential candidate who endorsed a governance token where the candidate HAS MORE TOKENS THAN EVERYONE ELSE COMBINED.

A Trump firm was granted over 22 billion tokens; only 20 billion were made available for public sale, later cut to fewer than 2 billion (fewer than 1 billion have been sold so far).

A governance token where one person controls the majority of the tokens is not a governance token; Trump's firm can always control the votes, and so this is a grift.

That's not even taking into account that Trump's firm also makes 75% of the revenue for this protocol.

Which leads us back to the hilarity of folks who claim that self-regulation is the way forward, also supporting giving nuclear weapons to a crypto grifter.

Don't support grifters.