Economist criticizes cryptocurrency as' ultimate swamp asset ' The Economist, an international current affairs weekly, recently published an article stating that the cryptocurrency industry has become deeply involved in US politics, with several cabinet officials and the Trump family holding huge digital assets, and TRUMP tokens being used for fundraising and lobbying. Companies such as Fr8Tech exchange tokens for opportunities to interact with the president. The article criticizes the industry for deviating from its original intention of decentralization and becoming a tool for rent-seeking, calling it the "ultimate swamp asset". In contrast, the European Union, Singapore and other places are promoting regulatory clarity while avoiding conflicts of interest. Note: 'Ultimate Swamp Asset' is a critical expression used to describe asset types that appear to be high-tech or financial innovation, but have actually become hotbeds for rent-seeking, regulatory arbitrage, and gray trading.