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.
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.