Laura Barron-Lopez:

So cryptocurrency is a digital currency designed to be an alternative payment method or speculative investment.

Now, the Trump family has four crypto ventures, the latest, the Trump Media Bitcoin investment, which is essentially transforming that company into — further into a crypto holding company. Then there’s the Trump meme coin, which is a type of cryptocurrency normally inspired by Internet and popular culture.

There’s American Bitcoin. That’s a Bitcoin mining firm set up by Donald Trump’s eldest sons, Eric and Don Jr. and then there’s World Liberty Financial, which is the Trump family crypto firm that recently launched a stablecoin.

Now, some crypto, like Bitcoin and stablecoin, is meant to compete with the U.S. dollar and is designed to replace traditional money.