At the end of June – in the run-up to America’s celebration of the 250th anniversary of the signing of the Declaration of Independence – President Donald Trump staged the White House’s first-ever professional sporting event. And while the UFC Freedom 250 evening of mixed martial arts was ostensibly part of the July 4 jamboree, Trump took the opportunity to promote his family’s business interests.
Fighters were paid bonuses in US$1 stablecoins, the cryptocurrency owned by the Trump family, while the event itself cost a reported US$60 million, much of which was taxpayers’ money.
