Join Sarah Jones and Jason Easley at 11am to discuss what you should do about Trump and answer your questions.
When Trump climbed to bed in the cryptocurrency industry, it was a match that ethics experts warned of a complete storm. Nearly 30 criminally convicted presidents for fraud now had a White House platform and a mechanism that was the favourite of fraudsters to earn an exploitative presidency.
Senator Chris Murphy’s office provided a timeline for Trump’s memecoin corruption.
January 17ththThree days before his inauguration, President Donald Trump launched Trump, a memecoin or digital asset that has no inherent value. The coin was initially worth only a few cents, but it exploded in value upon a limited release, with Trump’s net worth temporarily heading northwards by $50 billion. Every time a coin is released and traded, Trump makes money from trading fees, and he and his family make more than $100 million from these fees. There is no way to know who is buying the coins. This keeps the doors open wide for billionaires, Russian oligarchs and Saudi princes secretly buying $ Trump and enriching the president directly.
Last month, Trump’s team announced that the top 220 meme coin holders will be invited to an exclusive dinner with the president, and the top 25 coin holders will be getting a “special VIP tour” of the White House. After that message rose, $Trump’s price jumped over 50%, and its market value skyrocketed to $2.7 billion. Just two days after the dinner announcement, Trump and his allies made almost $900,000 on trading fees alone.
This is a brave abuse of self-rich power and position, and Sen. Chris Murphy is trying to stop it with meme law.
What is the act of memes and what does it do? Please read the following.
