No. of Recommendations: 8
Meanwhile, last night, while the leaders in the cryptocurrency industry were at a ball in honor of President-elect Trump’s inauguration, Trump launched his own cryptocurrency. By morning he appeared to have made more than $25 billion, at least on paper. According to Eric Lipton at the New York Times, “ethics experts assailed [the business] as a blatant effort to cash in on the office he is about to occupy again.”
Adav Noti, executive director of the nonprofit Campaign Legal Center, told Lipton: “It is literally cashing in on the presidency—creating a financial instrument so people can transfer money to the president’s family in connection with his office. It is beyond unprecedented.” Cryptocurrency leaders worried that just as their industry seems on the verge of becoming mainstream, Trump’s obvious cashing-in would hurt its reputation. Venture capitalist Nick Tomaino posted: “Trump owning 80 percent and timing launch hours before inauguration is predatory and many will likely get hurt by it.
Heather Cox Richardson
But it’s Trump, so turn a blind eye.
No. of Recommendations: 2
According to Eric Lipton at the New York Times, “ethics experts assailed [the business] as a blatant effort to cash in on the office he is about to occupy again.”
I'm SHOCKED!
Come on you Trumpers, tell us how this is all good and fine.
No. of Recommendations: 6
Trump cryptomachines to facilitate retail consumersm on credit and make him as rich as Musk...
The American people think it's okay for a POTUS to create his own currency...or are too stupid to recognize the conflicts of interest ?
So many of Trump's appointees and business partners are out and out criminals, we are totally fucked.
