Vitalik Buterin, co-founder of Ethereum, has raised alarms about the growing trend of political tokens, labeling them as tools for "unlimited political bribery."
His comments highlight the potential dangers of unregulated tokens tied to political figures, which he argues could harm the crypto ecosystem and broader governance.
Buterin expressed concerns about the shift in the crypto industry, where powerful figures now openly embrace the creation of tokens for various purposes. He cautioned against prioritizing short-term gains over long-term value, likening the phenomenon to addictive mobile games that favor instant gratification over meaningful engagement.
Focusing on the risks posed by large-scale political tokens, Buterin warned they extend beyond individual harm, introducing opportunities for political manipulation, even by foreign entities. His remarks come as interest in tokens like TRUMP and MELANIA—associated with U.S. President Donald Trump and First Lady Melania Trump—continues to grow.
Buterin’s critique serves as a call for the crypto community to carefully consider the ethical and systemic implications of politically motivated tokens in an evolving digital landscape.
A DeFi initiative with links to the Trump family, World Liberty Financial (WLFI), is planning to distribute a new stablecoin to its community as part of a live test of its airdrop system.
Ripple is stepping up its presence in traditional finance with the acquisition of Hidden Road, a prime brokerage platform serving institutional clients.
Once a headline-grabbing giant in the crypto space, Terra Classic (LUNC) is back in the spotlight as co-founder Do Kwon faces a pivotal court hearing in the U.S. on April 10.
A wallet believed to be connected to World Liberty Financial (WLFI), a decentralized finance platform backed by the U.S. President Donald Trump, has reportedly offloaded millions in Ethereum (ETH) far below its purchase price—raising eyebrows in the crypto community.