Monday, May 12, 2025

US senators attempt to ban Trump's 'profoundly corrupt' crypto schemes

 https://news.sky.com/story/us-senators-attempt-to-ban-trumps-profoundly-corrupt-crypto-schemes-13363230

A new report estimates the president's crypto holdings now represent nearly 40% of his net worth, or approximately $2.9bn (£2.1bn).

"Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls," said Senator Merkley.

"This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government. Let's end this corruption immediately."

1 comment:

  1. If he'd have substantial assets in real estate, he'd be called out on manipulating real estate and finance markets.
    If he'd have substantial assets in television programming, he'd be accused of manipulating the media.
    But buying a Delaware beach mansion from the du Pont family at a substantial discount is OK for a former president.
    Funneling donations to a family foundation is ok.for a former chicagoan and a other former president.

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