Harris β Donald Trump is already the richest person to have ever become U.S. president, and he continues to get richer sitting in the Oval Office.
During this past election cycle, the Trump family, including the president, first lady, and his two oldest sons, have launched multiple cryptocurrencies, including personal meme coins. The various projects are approaching $1 billion in paper gains.
Our own Sen. Elizabeth Warren (MA) summed up what's going on perfectly β "Donald Trump is enriching himself and his family through their crypto businesses while his administration guts oversight of the market. It's a massive conflict of interest and a recipe for disaster."
The law says that political donations β even to PACs or outside spending groups β must be public. But through the Trump family's cryptocurrency schemes, anyone can donate any amount of money untraceably β to the president, likely in exchange for favors. This is a historic campaign finance scandal, but with the daily barrage of chaos and corruption coming out of the White House, this story hasn't gotten the airtime it deserves.
Still, Democratic pro-choice women in the U.S. House are working hard to curb this clear abuse of power: Rep. Brittany Pettersen (CO-07) and Rep. Sarah Elfreth (MD-03) are co-sponsors of the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which prohibits the country's top officials and their families, from Congress to the White House, from capitalizing on personal meme coins.
No comments:
Post a Comment