Summary

Donald Trump has launched a cryptocurrency, $TRUMP, sparking ethical concerns as he profits directly from purchases.

Critics, including Sen. Elizabeth Warren, warn this creates conflicts of interest, with Trump benefiting from a largely unregulated industry while overseeing federal crypto policies.

The move, coupled with First Lady Melania’s $MELANIA coin, led to financial losses for some supporters.

Some Republicans dismissed the issue as free-market risk, while Sen. Richard Blumenthal argued it may violate the Constitution’s emoluments clause.

GOP lawmakers remain focused on Biden-related investigations, ignoring Trump’s ventures.

  • WatDabney@fedia.io
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    3 days ago

    There’s a new game in town, and it’s called “don’t even pretend that ethics matter any more because they don’t.”

    The only rule is that you have to let Trump and his cronies get away with anything.

    The reward is that Trump’s criminal “justice” system will let you get away with anything too.

    And most of Washington is already playing.

  • CaptDust@sh.itjust.works
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    3 days ago

    “I’m just basically waiting and hoping to see when the public says, ‘Enough is enough,’ with the president just appearing like he’s profiting from the presidency,” Kedric Payne, senior director of ethics at the Campaign Legal Center, told HuffPost. “What’s going to be that straw that breaks the camel’s back where they say, ‘OK, just focus on your day job and not having these other side hustles.’”

  • sumguyonline@lemmy.world
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    3 days ago

    I won’t get tired of saying it until I see someone on Tv repeat me, then I’m probably doubling down, I don’t care if it takes 100yrs. Republicans and Democrats are the problem, democrats refused to reel in the supreme court or add term limits, nothing! They allowed four whole years without abortion being codified into law as a personal right, they refused to even try to disparaged the supreme court ruling that the president is immune to prosecution while acting on behalf of the United States. It’s not just GOP turning a blind eye to the pillaging of our republic and middle class.

    • skuzz@discuss.tchncs.de
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      2 days ago

      They’ve always been two sides of the same oligarch sandwich. The mask is just finally off. There are one or two good eggs like Bernie or Warren to make the party look good, but Dems are just shitty oligarchs that pretend to care while profiting just the same. Oil production was up under Biden, Harris loved fracking in her campaign, Pelosi rolled her eyes during a Biden State of the Union when he mentioned going after big business, it’s all just lies and bullshit for profit from both parties.

      Sucks really, I genuinely thought they were the party of “Good” myself, or at least mostly good-adjacent by comparison, and worth fighting for to have a chance at functioning governance. The last 25 years have shown that was not really ever the case.