The article highlights the significant involvement of the US government, specifically under President Trump’s administration, in the cryptocurrency market. This involvement is exemplified by the promotion of meme cryptocurrencies, such as the president’s own ‘$TRUMP’ coin which has reached a peak value of nearly $15 billion.
Furthermore, a new government department has been named after a meme coin, underscoring the administration's deep connection with digital assets.
The article notes that the extent of financial interests in crypto among those close to the president is substantial. An executive order issued on January 23rd explicitly states the intention for digital assets to play a crucial role in American innovation, economic development, and international leadership.
The article doesn't explicitly state that a disaster is inevitable, but the title's question implicitly raises concerns about potential risks associated with this level of government involvement in the volatile cryptocurrency market.