Let us count the ways…
Never before have we seen this level of graft and corruption in a presidency with regard to making money from the position. Here are some examples.
Just days before his second-term inauguration, President-elect Donald Trump launched the $TRUMP meme coin, which surged over 300 percent within hours of its release, reaching an alleged value of nearly $6 billion. Two days later, first-lady-in-waiting Melania Trump launched her own coin: $MELANIA. At least one large U.S. trading venue then began offering $TRUMP for sale to retail investors, when it was trading at $74. This allowed insiders and early investors to cash out, dump their tokens on the unsuspecting public, cause the price to collapse, and leave retail investors holding the bag. As a result, the Trump family and their cronies received millions of real dollars, while investors received a crypto coin in free fall.
The intensifying threat of Donald Trump’s emoluments
While serving as president, Donald Trump violated the law by failing to divest. Trump never received Congress’s consent to accept the millions of dollars of foreign emoluments he received through payments to his businesses, and did not divest from his business to prevent his receipt of domestic emoluments. Instead, Trump received millions from foreign governments, including a minimum of $5.5 million from the Chinese government alone.
As Trumps Monetize Presidency, Profits Outstrip Protests
The president and his family have monetized the White House more than any other occupant, normalizing activities that once would have provoked heavy blowback and official investigations.