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The Editorial Board

By The Editorial Board

The editorial board is a group of opinion journalists whose views are informed by expertise, research, debate and certain longstanding values. It is separate from the newsroom.

At the gala dinner President Trump held last month for those who bought the most Trump cryptocurrency, the champion spender was the entrepreneur Justin Sun, who had put down more than $40 million on $Trump coins. Mr. Sun had a good reason to hope that this investment would pay off. He previously invested $75 million in a different Trump crypto venture — and shortly after the Trump administration took office in January, the Securities and Exchange Commission paused its lawsuit against him on charges of cryptocurrency fraud.

The message seemed obvious enough: People who make Mr. Trump richer regularly........

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