It’s a sunny day in April — a little cold perhaps, but cheerful and spring-like enough to bring forth hopeful dreams of beaches and umbrellas and colorful drinks in whacky containers shaped like coconuts.

If you want to follow the real story of Trump’s tariffs, ignore the headlines and watch his crypto exchange and the valuation of its so-called “stablecoin,” USD1. He’s already made $550 million on another World Liberty cryptocurrency, WFLI. At the same time Trump has been imposing trade-strangling tariffs on everything from bras to beer, he has stripped the FTC and FEC of any ability they once pretended to have to regulate crypto currencies and exchanges, creating a wild west free market in those imaginary “investment vehicles.”

Follow the funny money and ask yourself this question: where are the tariffs on crypto?