Follow the money and the potential pardon: This reeks of an extremely corrupt plan to help the Trumps financially by upping the value of a crypto venture, USD1, that apparently was launched in March on the “Binance” exchange.
The Trump-controlled decentralized finance (DeFi) project World Liberty Financial(WLF) appeared to have launched a dollar-denominated stablecoin called USD1.
https://coingeek.com/trump-launching-stablecoin-etfs-modernizing-govt-payments/#On-March-24
Binance is the world’s largest crypto exchange and has had increasingly cozy relations with the Trumps and their ever-expanding list of crypto ventures. Binance has >250 million users!
Binance founder Changpeng ‘CZ’ Zhao remains a convicted felon who spent four months in a federal prison. That prison stay followed CZ’s guilty plea in the $4.3 billion settlement he and his company reached with federal authorities in November 2023.
The settlement came after Binance admitted violating the U.S. Bank Secrecy Act’s provisions for years, in the process becoming a go-to hub for money laundering, sanctions evasion and terrorist financing.
Binance wants American transaction monitors off its exchange, and the Trumps want to know how much Binance might pay for that privilege.
USD1 securing a favorable spot on Binance—the leading exchange in terms of trading volume—could allow USD1 to generate billions of dollars in revenue.
Last month, CZ denied a different Journal report that said he was seeking a pardon from Trump. However, CZ’s denial took its usual non-specific form, saying only that he hadn’t made any deal (yet), while musing that “no felon would mind a pardon.”
https://coingeek.com/binance-wants-transaction-monitors-gone-to-list-trump-usd1/
So, essentially the plan appears to be:
- Get Trump to stop US monitoring of Binance thus loosening oversight
- Get Trump to pardon Binance’s founder, CZ
- USD1 gets favorable spot on Binance, which would add billions to its value
Thanks very much, Larry!
I wouldn't be surprised if much of this is true and also if it wasn't.
For sure President Trump has pathological thinking that includes self serving/self enriching decisions..........to go with some great ideas.
1. Peace in Ukraine
2. Get rid of illegal immigrants that are gang members in our county.
3. Restore sanity and REAL science to the energy markets
There aren't enough hours in the day for me to investigate every story and accusation and this one would require many hours and end up being a waste of productive time.
If he is doing this, its nothing new for a president/vice president and nothing new for people here to bash them. During the last administration, the Rs passed on all sorts of stuff about Biden:
just another Biden crime family coincidence?
8 responses |
Started by mcfarm - Sept. 14, 2021, 7:05 p.m.
https://www.marketforum.com/forum/topic/74891/
++++++++++++
However, the Biden CRIME FAMILY was more than just a term. It described a reality!
Trouble ahead for Biden
20 responses |
Started by metmike - Jan. 13, 2023, 7:25 p.m.
https://www.marketforum.com/forum/topic/92170/
++++++++++++++++++++++
By metmike - Jan. 15, 2023, 5:24 p.m.
At the same time, when Biden did something good, it was worth posting about!
Re: Kerry wants to push back hard on energy infrastructre.
By metmike - June 8, 2022, 12:09 p.m.
Just to remind you, I am NOT political. I'm an objective/open minded independent scientist that uses indisputable facts/data/evidence and science for discernment
Biden shines-incredible story!
25 responses |
Started by metmike - June 2, 2022, 6:52 p.m.
Now to what just happened with the Trump crypto coin, $TRUMP, which isn’t the same as the planned manipulation of the USD1 value that I started this thread about. This is just another Trump pump and dump manipulation plan. The Trump coin was $8-9 for 2.5 weeks through just before noon. Then due to this pump, it skyrocketed from $9.30 at 11:55 AM to way up at $14.70 at 12:35 PM, a 58% increase in just 40 minutes!! This is by far the worst manipulation of this coin’s value yet.
JUST IN: $TRUMP
Call it hype, call it alpha... or call it what it is: memetic market manipulation at its finest token pumps 75% after Announcing a private dinner with President Trump for the top 220 holders!
https://coinmarketcap.com/community/post/357583114/
This clearly should be investigated due to the obvious multi-billion $ aggregate manipulation, but what non-Trump controlled entity would be able to do it and also take punitive action? He knows that.
Trump companies supposedly own 800 million of these coins. Do the math. That’s a $4.3 billion increase in value within just 40 minutes for the coins Trump companies supposedly have!
How Trump team turned a dinner invite into a crypto boon worth millions
Buyers have poured tens of millions of dollars into President Donald Trump’s meme coin since his team advertised Wednesday that top purchasers could join Trump for an “intimate private dinner” next month, a Washington Post analysis found.
The holders of 27 crypto wallets have each acquired more than 100,000 $TRUMP coins, stakes worth about a million dollars each, since noon on Wednesday
The idea of offering direct presidential access to those who pay into a project benefiting the Trump company’s bottom line has sparked criticism over potential conflicts of interest. (You think?)
https://finance.yahoo.com/news/trump-team-turned-dinner-invite-225304157.html
Thanks, Larry!
YW, Mike.
Senator Jon Ossoff echoes what I said about how unbelievable it is that Trump is getting away with pumping up the value of his meme coin by selling dinners with him. I’m surprised at how little has been said as this seems to me to be one of the most, if not the most, corrupt thing Trump has done as Pres. See the image at the bottom to see what the coin’s value did as a result. Supposedly, the Trump companies own 800 million of these coins! Do the math: $4 billion of increased value just within that 40 minute period after he announced this!!
Sen. Jon Ossoff, D-Ga., on Friday signaled support for impeaching President Donald Trump, telling attendees at a town hall near Atlanta that the president’s conduct “has already exceeded any prior standard for impeachment.”
“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” Ossoff said. “When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense.”
https://www.yahoo.com/news/sen-jon-ossoff-signals-support-035856470.html
Thanks, Larry!
On the impeachment thing.
I agree that Trump SHOULD be impeached but my reason is for what he did with his galactically stupid tariffs scheme. Dumbest economic decision by a president that I know of, using global economics from the Twilight Zone principles.
That by itself is an indication of how dangerous and unqualified he is to be president.
However, the complete nonsense Ukraine phone call impeachment in his first term makes any attempts by the Ds to use impeachment now look bad for them.
They were off the charts political with that one and most non TDS Americans know it. They lost their credibility and have no chance to actually impeach here because they don't have the votes and everybody knows it
Impeachment attempts here will be seen(by many) as more virtue signaling political publicity stunts to the get attention from their base.
However, I'm not against impeachment of Donald Trump.
He really REALLY should have been impeached by both houses and removed from office permanently( can't run again) for what he did after losing the 2020 election, even BEFORE january 6, 2021.
After january 6th, he should have received time in prison.
Instead, look where he is. Insane but when his despicable opposition, the Ds, MSM and Justice Department were even WORSE, Americans options were to vote for either:
1. The really bad or
2. The even worse than that.
Donald Trump's first 100 days have been characterized by the most flagrant corruption imaginable. Today, I want to talk about 10 of the absolute worst examples.
#1 - The Memecoin Trump's memecoin is the most egregious, and most lucrative example of political corruption in modern history. In fees alone, Trump has seen hundreds of millions of dollars flow into his personal bank account including money from foreign interests looking to buy influence.
https://bsky.app/profile/schiff.senate.gov/post/3lnycbo36i22w
Now some Senate Reps are “concerned” about Trump using $TRUMP coin in clearly corrupt way:
Brennan Leach
Fri, May 2, 2025 at 1:29 PM EDT
5 min read
WASHINGTON — Some Senate Republicans are raising concernsabout an exclusive dinner and White House tour President Donald Trump is offering top investors in his $TRUMP meme token.
“This is my president that we’re talking about, but I am willing to say that this gives me pause,” said Sen. Cynthia Lummis, of Wyoming, who has been spearheading a legislative push on cryptocurrency regulation in the Senate.
The official website for Trump’s meme coin announced last week that the top 220 holders of the coin are invited to an “intimate private dinner” with the president at his golf club outside of Washington, D.C., later this month. The top 25 investors will also receive an invitation to a “VIP White House Tour” the following day, according to the website. The $TRUMP meme coin surged more than 50% after the dinner news broke, boosting its total market value to $2.7 billion.
Sen. Lisa Murkowski, R-Alaska, who often bucks her party, expressed uneasiness about the event…
“I don’t think it would be appropriate for me to charge people to come into the Capitol and take a tour,” Murkowski told NBC News on Thursday.
Trump’s move generated intense criticism from Senate Democrats. Sens. Elizabeth Warren, of Massachusetts, the top Democrat on the Senate Banking Committee, and Adam Schiff, of California, requested an ethics probe into the dinner.
Sen. Jon Ossoff, D-Ga., took the pushback a step further and signaled support for impeaching Trump over the meme coin dinner. Sen. Cory Booker, D-N.J., said that the meme coin sale is a “violation of the Constitution.”
https://www.yahoo.com/news/senate-republicans-raise-red-flags-172915293.html
Thanks much, Larry!
This seems to be extremely unethical even if its legal.
Reminds me of the previous man in office who, with his son actually broke laws with their selling of the "Biden Brand"
+++++++++++++++++++++++++
Re: Re: Re: Congress getting rich from lobby bribes
By metmike - Sept. 7, 2023, 8:19 a.m.
Related to this.
Hunter Biden was making a career in the business described on the previous page as a LEGAL lobbyist in the U.S.
That was, until his VP dad became the point man for Ukraine corruption.
The 2 of them, saw a much more lucrative but dishonest way to get rich quick.
They came up with a plan for Hunter to go to Ukraine and apply his bribing skills on the corrupt Ukrainians using influence peddling schemes.
Hunter used his dad's influence (selling the Biden brand as Devon Archer testified to under oath) and constant interactions to bribe numerous corrupt entities in Ukraine and other countries. This resulted in the Bidens being paid 10s of millions of dollars that was laundered thru shell companies to make it extremely hard to track.
This is ILLEGAL. Money laundering and not paying taxes is ILLEGAL and that doesn't even speak to the tactics being used to generate the money.
At the very least, Hunter was acting as a foreign lobbyist, practicing illegally because he never registered as required.
Biden corruption/coverup 10+ times worse than Watergate
Started by metmike - June 9, 2023, 8 p.m.
https://www.marketforum.com/forum/topic/96097/
https://www.marketforum.com/forum/topic/96097/#96356
https://www.marketforum.com/forum/topic/96097/#96362
+++++++++++++
I'm not making a case to impeach Joe right now. However, when corruption at the expense of the American people takes place, it needs to be exposed or else it serves to reward corruption and encourage MORE corruption.
This especially includes the DOJ's role which is the worst part. Them abusing their power to cover up the corruption.
If the law enforcement agencies are corrupt and enforcing laws based on picking and choosing who to prosecute and who to give a free pass to based on politics, it MUST BE exposed.
Not doing so is positive reinforcement for those corrupt entities to operate with impunity.
I haven't spent much time looking at it before but this is nuts!
Blatant corruption in our faces!
Trump is taking long lived political corruption to a new level.
Thanks for starting this thread, Larry!
https://www.cnn.com/2025/05/22/business/trump-memecoin-dinner-nightcap
Trump's crypto dinner cost over $1 million per seat on average
In total, the 220 winners of the contest to attend the dinner spent $394 million on Trump’s official cryptocurrency.
https://www.nbcnews.com/tech/crypto/trumps-crypto-dinner-cost-1-million-seat-average-rcna207802
https://www.wsj.com/finance/currencies/justin-sun-trump-crypto-dinner-7efd5367
+++++++++++++++==
This makes what the Biden family did look like a young child stealing a pack of gum from the candy store!
Nicholas Pinto, a 25-year-old social media influencer, accumulated more than $360,000 in President Donald Trump’s cryptocurrency to attend an “unforgettable Gala DINNER” with the commander-in-chief. The food, though, was forgettable. “Trash,” Pinto texted Fortune during the banquet. “Walmart steak, man.”
The menu included a “Trump organic field green salad” and an “entrée duet” of filet mignon and pan-seared halibut. “Everyone at my table was saying the food was some of the worst food that they ever had,” said Pinto after the meal.
Was the price tag worth it? “I was hoping for either Big Macs or pizza,” Pinto said, referring to the president’s well-known taste for McDonald’s. “That would have been better than the food that we were served.”
Inside the Trump National Golf Club, the sentiment was mixed. “Most of the ppl here are sketchy ngl [not gonna lie],” Pinto texted Fortune. Trump did appear and gave a speech, but Pinto described the president’s address as “pretty much like bullshit.”And most guests had no access to the commander-in-chief, he said.
https://www.yahoo.com/news/influencer-attended-trump-memecoin-dinner-152144375.html
Good one, Larry!
Last week, I got a call for my son, Mac who moved out over a decade ago.
After I told her that, she asked if I was over 18 and would I please take their survey.
I always say yes and almost always regret it when this happens.
Lots of basic questions about my political party affiliations and people that I support or don't support, including who I voted for president.
Very numerous questions about how I feel about crypto currency asked all different ways. My response each time was the most negative it could be for the survey on crypto currency.
Then, she started asking the exact same questions a different way. After doing this, I pointed out to her: "You asked that question before and I already told you what I think!"
Her response: "We have to do that to make sure that all your answers are consistent"
OK, I get that but this survey went on for 30+ minutes and I have 1,000 better things to do.
For the last 10 minutes, every time she asks the same question about crypto currency again, I tell her, I know that you are only doing your job but "YOU ASKED THAT SAME QUESTION 3 TIMES ALREADY!!"
She apologized and went on. I was tempted to just hang up several times when she hit me with the same questions but figured I already wasted 20+ minutes on this nonsense, I might as well finish it and have it count for something.
I was nice to her when we parted because she was just doing her job(I could hear other people in her room, apparently doing the same job).
After thinking about how this went down, I speculate that the entity paying for this survey was pro crypto currency and she had instructions to ask questions to get a positive response about it from me.
The manner of which she asked the questions, especially when it seemed as if a negative response by me on crypto, meant I would be asked that same question(often with a different variation) over and over and over.
I can't know that because I never gave a positive response to see if that would stop the relentless questioning on that topic.
One of the more laughable justifications for Trump doing this is that "he's doing it on his personal time"
HUGH?
So a president has certain hours of the day when he's no longer the president and the rest of the world pretends that he's not the president during those hours???
We get free time doing something like golfing as personal time but the entire point of his dinner was SELLING ACCESS TO HIS PRESIDENCY, which is a bit different than golfing and the entire event and the money from it revolves entirely on him acting as the president.
When he goes golfing in his free time........he is doing something that a million private citizens do in their free time.
How many people can sell the presidency to hundreds of rich donors??
Only one and the only time he can do it is when he's ACTING AS THE PRESIDENT!
That’s crazy, Mike.
For something else kind of crazy, check this out:
On March 23rd at 11:33AM EDT, Trump promoted his crypto coin via Truth Social. The price was $10.98 at 11:31AM EDT and skyrocketed to $12.06 at 11:42AM.
Exactly a month later on April 23rd, Trump posted on Truth Social about a dinner invitation to the top 220 purchasers of this same memecoin, $TRUMP, which caused the coin to skyrocket from $9.30 to $14.70 within only 40 minutes! The dinner was held yesterday, May 23rd.
What’s with the 23s? Does this mean there may be an announcement or promotion done on June 23rd related to this coin?
Hey Larry,
Yesterday was actually May 22, 2025 not May 23!
https://www.chainalysis.com/blog/senate-advances-genius-stablecoin-act/
Oooops, Mike. Brain fart <G>
Oh well, that means no pattern. <G>
President Donald Trump had his crypto team announce a special dinner party for the 220 top holders of $TRUMP, calling it the “most EXCLUSIVE INVITATION in the World.” It temporarily juiced the value of the token by 60 percent as investors spent millions to secure their seats — all in a day’s work for a head of state who has gone above and beyond to cash in on his office, with his family’s fortune ballooning by almost $3 billion thanks to their various crypto plays.
…the 25 biggest $TRUMP whales were treated to a more exclusive reception with the president, it seems the rest forked over that cash for little more than one another’s company, a reportedly sub-par meal, and generic remarks from Trump, who didn’t even stick around to meet anyone before catching a golf cart back to his helicopter. It had to be something of a disappointment for guests, including foreign executives, who went with the idea of swaying Trump on crypto issues and regulation.
Pictures of the plates suggested that the dinner was barely up to airline standards — though it’s not as if you can expect much better from the kitchen at the country club of a man who also put his name on what was once suggested to be “the worst restaurant in America.”
Anticipation for the event seemed to push $TRUMP higher early on Thursday, to nearly $16, but as the dinner got underway, it started to slide, dipping under $13 by Friday afternoon. Trump-owned companies own 800 million of the coins — almost half of the total supply — theoretically worth around $10 billion at the current price. The inherent volatility of the vibes-based token is hardly an issue for the Trump family, who along with other insiders have collected at least $300 million in transaction fees alone: they profit whenever the coin is traded.
https://www.yahoo.com/news/trump-pumped-dumped-crypto-backers-222830540.html?guccounter=1
Pic of plate from event:
Trump forgoing his 400K/yr salary is obviously misleading considering how much more he’s making off the position. The 1.6 million salary for the term that he’s passing on absolutely pales in comparison to what he’s making off these crypto and other ventures (likely billions or 1,000 times as much). So, he does that to throw off gullible or ignorant people.
Thanks, Larry.
Some great points in there but the unappealing image of the food on a plate in your post wrecks the credibility of the post for me.
To me, that looks like a doctored or manipulated image from the second I saw it.
Regardless of how unappealing the food was, according to bashing sources, there's no way that it was served that way by the professionals in food preparation.
They would have spread the food items out on the plate(or had them in the center of the plate) in the real world and at this dinner. Even an untrained food preparation worker on their first day on the job would know to do that!!!
When somebody is busted using fake information, for me it discredits their objectivity.
I find it very hard to believe that it was served this way, all smashed together and some of the food items on top of the other items on 1 side of the plate with the other side of the plate having nothing. NO WAY!
This is FAKE NEWS!
++++++++++++++
Here's an image that depicts what was likely the ACTUAL food WITH THE ACTUAL MENU.
The organic green salad from the menu is depicted with it which matches up with the menu, making it very credible.
https://cointelegraph.com/news/pictures-give-glimpses-inside-trumps-memecoin-dinner
+++++++++++++++++
The other important thing too. This is a very credible topic related to Trumps corruption. However, the tastiness of the food at the dinner has ZERO to do with that. ZERO!
Sources that spend time knocking the bad food at the dinner are not objective and not credible for me. Especially when they use doctored images.
They reveal themselves as TDS not objective.
Hey Mike,
There’s no way to know, but I see your point. So, it’s possible the position of the food on the plate was manipulated for the pic instead of it being more centered and not so squished together (i.e., then that would mean fake news).
However, if it were manipulated, why does the bottom portion of the plate have no remnants of the steak/fish sauces? Note the clear boundaries of the steak and fish sauces suggesting that’s really where the food was positioned. Those sauces are all on the top half of the plate. If the sauces had been swept upward toward the top, there’d be remnants left behind further down. That makes me think this one person’s plate could easily have really been served this way.
There were 220 guests invited. Maybe this one plate’s food was carelessly placed due to the staff being rushed and the other 219 plates’ food was placed more appropriately?
Regarding the food items of the main dish, that does appear to match:
“Entree Duet
FILET MIGNON
Finished with Demi Glaze Sauce
PAN SEARED HALIBUT
Finished with Citrus Reduction Sauce
Entrees served with Garlic Mashed Potatoes
§ Vegetable Medley”
I realize though that the tastiness and presentation of the food is really not important. It’s the corruption that’s important. So, perhaps I shouldn’t have posted about the food, itself, as that may take away from the important issue.
Thanks, Larry!
Like you said, there is no way to prove either side here but I searched around to try to find food on the internet that was served on a plate where its all smashed and over to just 1 side of the plate(and nothing on the other side) and failed to find it.
Maybe with a wider and longer search you can find some cases but then, it proves the point. People that serve food would always serve it so that its balanced in the middle of the plate, other than isolated, hard to find cases. This likely is NOT one of them.
Again, I looked around with an open mind to try to find reasons for why I might be wrong about this and came up completely empty.
The kitchen that was making the food at this place employs professional people that have likely been cooking and serving food for years at that location. If they know how to cook the food, they also know how to serve it to customers.
That food, smashed to 1 side completely violates symmetry principles for food serving.
I've never thought about this 1 time in my life before today but when I saw the image of that food you showed, I immediately thought "that doesn't look right!"
The fact that we are having this discussion about the food is my entire point to begin with.
What does this have to do with the corruption?
Nothing. Bringing it up(by the original sources) and providing the image only indicates their bias.
And I'm very grateful that you brought this up here and showed the image, Larry!
It's out there and worth discussing here because countless others looked at that image and assumed that was the way that the food was served by Trumps professional chefs on a plate to guests that paid millions of dollars to be there.
Again, I can't prove everybody didn't get their meal like that. All I can do is provide authentic information about that particular field and apply critical thinking.
As mentioned previously, I never thought about the arrangement of food on plates 1 time in my life before today.
But this topic, like many others from previous searches, has caused me to be intrigued about a world that I never considered. Funny thing is that the next time that we go out to eat with the family, I may look at the food on everybody's plate a little differently
The internet is so awesome!
There is no field out there that you can't find copious, information about to learn and become more educated/enlightened about.
Not an expert overnight on most stuff but in many areas, enough to add a new understanding that makes us smarter people. Whether is becomes useless knowledge or not(like this will probably be) doesn't matter.
It helps keep our brains stimulated/exercised, sort of like going to the gym or exercising our bodies. The point isn't to accomplish work(like one does outside, like when cutting down a tree or cutting the grass). It's to use the repetitive movements to force our bodies to respond positively to acquire better health.
But this is even better!
If we don't continue the exercise, we lose everything gradually.
However, when we learn new things, it stays in our brains, almost forever and we can BUILD on that without losing what we learned previously. It would be like exercising at the gym to gain x in strength and muscle that never goes away, even after a long lay off.
https://www.ncbi.nlm.nih.gov/books/NBK234153/
Thus, the biological changes that accompany learning may be seen—in a very schematic way—as an old process put to a new use, or as a specialized way in which the brain continues to "grow" after maturation.
Hey Mike,
I also don’t recall ever even thinking about the arrangement of food on a plate before you brought it up!
Thanks, Larry for bringing this topic up.
Even if the food isn't that important this topic sure is.
It's completely unacceptable for the president to be so blatantly corrupt like this.
In less than 5 months, he appears to have blown away all other presidents for being corrupt.
Trump accepts Qatar AF-1 replacement
Started by WxFollower - May 13, 2025, 9:43 a.m.
***Warning: The research in the middle and bottom of this post about the $TRUMP crypto coin (what that 5/22/25 Trump dinner was about) activity was directly generated by CMC AI (CoinMarketCap AI). AI output is often unreliable. Here’s some background on this AI:
DUBAI, UNITED ARAB EMIRATES, May 20, 2025 — CoinMarketCap, the world's most-referenced cryptocurrency data platform, today announced the launch of the first phase of CMC AI, featuring pre-generated questions and answers across all major token pages. This initial release marks the beginning of a comprehensive AI rollout designed to transform how users research and understand cryptocurrency markets.
https://www.theblock.co/press-releases/354872/coinmarketcap-launches-first-phase-of-cmc-ai
Because AI accuracy is often not reliable, the following is very much a fwiw.***
—————————-
From CMC AI:
TRUMP’s 0.9% 24-hour decline reflects profit-taking after a high-profile investor dinner and weakening technical momentum.
TRUMP’s dip stems from post-event profit-taking, technical weakness, and regulatory headwinds. Watch the $12.41 lower Bollinger Band for near-term support. Could renewed political endorsements offset regulatory risks, or will profit-taking dominate?
CMC AI can make mistakes, please DYOR. Not financial advice.
This is absolutely insane and it’s surprisingly quieter than I’d expect in the political world considering. That may be due to many not really understanding how this works. This implies that we’re potentially talking about several billion $ for the Trump family/companies, which would mean the most personal corruptness of any one thing done by Trump by far! I’ve been harping on it since the May 22nd dinner was announced on April 23rd. I hope Rep Raskin’s pressure finally catches on to more in Congress:
National Affairs Fellow
Rep. Jaime Raskin, D-Md., the ranking member on the House Judiciary Committee, is calling on the president to release the names of attendees at the May 22 gala, which was billed as “the most exclusive invitation in the world.”
The event was attended by the top 220 investors in digital currency. The invitees spent an average of more than $1 million on the coin, according to NBC News, with the top holders spending north of $10 million.
“Profiting off the memecoin is just the latest in a bewildering gamut of schemes in which you and your family have profited after your return to office,” Raskin wrote. “Entities affiliated with The Trump Organization control 80% of the entire supply of $TRUMP coins—1 billion coins in total— and stand to reap the lion’s share of any profits from the venture,” he added.
“Nowhere is Trump’s blatant disregard and disrespect for the rule of law more apparent than in the way he has exploited the office of the presidency to promote shady, fraudulent crypto ventures that hold no real value, and serve no true purpose other than to pad his pockets,” Rep. Maxine Waters, D-Calif,, the ranking member on the House Financial Services Committee, said in a statement last week. “Trump’s crypto con is not just a scam to target investors. It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder.”Waters concurrently introduced a bill that would prevent the President, Vice President, or members of Congress from profiting from cryptocurrencies.
https://www.salon.com/2025/05/28/liberation-day-is-cancelled-global-tariffs-ruled-illegal/