Washington: Just three days before his inauguration, Donald Trump kicked off a new money-making scheme. He and his family started selling a cryptocurrency token without any explanation. Then, just two days later, Melania Trump jumped in with her own coin.
This latest venture is pretty wild, especially considering the potential conflicts with the Securities and Exchange Commission. It’s hard to ignore how blatant Trump’s money-making efforts are.
Adav Noti from the Campaign Legal Center pointed out that this is like cashing in on the presidency. He said it’s a way for people to send money to Trump’s family while he’s in office, which is just unheard of.
What’s stopping foreign governments from funneling money into Trump’s crypto project? Nothing at all. It raises some serious questions about transparency and ethics.
On his first full day back in office, Trump finally spoke about his meme coin. When asked if he’d keep selling products that benefit him, he seemed clueless. He said he didn’t know much about it, but heard it was doing well.
When told it was a huge success, he joked that for some, billions isn’t a lot of money. But the real kicker was the question he dodged: Would he keep profiting personally while being president?
He never really answered that, which makes it seem likely that his business practices will continue, even with the rules in place.
The day after his inauguration, he was still promoting his meme coin on social media. People have been wondering when he’ll stop these private ventures. Some thought he might stop after declaring his re-election bid or after the convention.
But honestly, with what we’re seeing now, it looks like he might just keep going.
