Donald Trump’s crypto project netted $350mn from presidential memecoin
FT analysis shows potential windfall for US president in three weeks following launch in January
FT analysis shows potential windfall for US president in three weeks following launch in January
The founding fathers never anticipated such dick-headery, but presidency for profit needs to be clearly built into the constitution as an outright criminal act.
Go ahead and sell books you've never read nevermind haven't written, and memecoins to dumb twats after you are out if you want, but this shit can't happen in active office.
https://crsreports.congress.gov/product/pdf/if/if11086
Well lookie here. It is constitutionally illegal. Guess those 'orginalists' in the court have some fairly creative interpretations on that one. Or they just stopped pretending to care.
It’s in there in the section on “emoluments”. Problem is SCOTUS has already ruled “no foul, play on”
They did, though. The electoral college was created to stop this exact scenario from happening. But, the EC power was stripped away over the years, so it failed.
The founding fathers never anticipated such dick-headery
George Washington was the richest man in the New World at the time of his Presidency. Jefferson, Madison, Hamilton, and John Jay weren't far behind. And quite a few of them (particularly the Federalists) were notorious for the wealth they accrued on currency and commodity speculation. That was one of the sticking points of the First National Bank. Whomever controlled it could effectively finance scams and flim-flams at a rate unheard of prior to the institution of modern banking.
Go ahead and sell books you’ve never read nevermind haven’t written, and memecoins to dumb twats after you are out if you want, but this shit can’t happen in active office.
This is the whole reason people seek active office. Politics is just another avenue of celebrity, with the bonus of influencing policy in such a way that you can direct public spending into private pockets. This is the latest means of doing so. But its an age old tradition, older than the nation itself.
I mean.. the sole point of the coin was to facilitate hiding bribes in a sea of other transactions...
Idk about the sole point. Lots of people speculated on them believing there wouldn't be a rug pull within hours of the coin's official launch. Crypto is the new Box of Rocks. All advertisement, no substance.
Peanut farm.
It is amazing how mad these two words in the right context can make me. Getting real, real fuckin tired of the assholes getting into power all the time.
What a weird way to write "Crypto scam launders bribes while fleecing of fans to a total of $350 million."
Grifters gonna grift.
