Experts say Trump cryptocurrency raises issues of ethics
Days before his inauguration in 2025. The President Donald Trump announced the launch of his Meme Coins, a form of cryptocurri.
Sen. Chris Murphy, D-CON., Recently said it could be used for illegal purposes.
He Posted 9 April on K: “The American president leads a lateral bribery scheme in which every director or foreign oligar can send him money secretly through his cryptic conversion coins in exchange for favorites.”
Sen. Bernie Sanders, I-Vt., Echoed that idea during 9. April CNN Gradna HallSaying that Trump “earn money by selling coins, crypto coins” and “everyone can contribute, which is a direct line to the president.”
Legal experts said that the politicifact was possible, but there is no evidence that it happened.
The White House spokesman Anna Kelly said that the politicifact said “Presidential property in trust managed by his children. There is no conflict of interest.” Washington Post export After the Trump presidential presidential victory, unlike 2017. year when he sold all his supplies before he took office, Trump did not take measures to “avoid financial benefit from the president” also possesses a multibilional stake in his social company.
Cryptocurrency is a digital tool with a monetary value that can be traded without the use of intermediaries, such as the bank. It is promoted as an alternative to traditional financial markets. Trump and his family launched more cryptocurnancy projects.
Cryptocurnancy transactions are confirmed via BlockChain technology, which functions as the main book that works on computer servers worldwide. The nature of cryptocurrency allows anonymous investment, so everyone in the world can buy a trump cryptocurnent tokens while concealing their identity.
When contacted for comment, Murphy spokesman Deni Camper referred the political to news membership About Trump Memenic Coin and Potential for Bribery and Fraud.
Sanders’ Secretary Patrick Kuesada also sent ulitifact to reporting in The Trump’s family Cryptocurrencionn Ventures. “Purchase or investment in these cryptocurries directly uses Trump’s family and trump cards,” he said.
Frank Emmert, a professor of legal law in Indiana, who teaches Blocchain and Digital currencies, “transactions can clearly facilitate donations for legal (campaigns) for American citizens and American corporations, and can facilitate donations of foreign,” which are illegal.
“I’m not saying it’s going on. I’m just saying that it could happen, if it happens, it should be followed, because those things are then illegal then,” he said. Emmert said that it was possible to seek cryptocurnancy transactions and usually did a specialized federal bureau for investigative units.
Richard painter, Minnesota’s corporate law professor, which served as the main lawyer for the former President George V. Bush, he said, “I would like the elected officials not trading crypts.” He added: “It can be used to pay myth or receiving government payments of foreign governments.”
What are the Trump Projects Cryptocurne? How do they work?
Trump launched $ Trump, “Meme coin” or “Memena-based digital means. “Associated Press described Meme coins as a “strange and very volatile corner of the crypto industry that often starts as a joke without real value, but can be threatened in price if enough people are preparing,” quoting dogkoin, Meme coin based on Shiba Ina MemeLike a high example. Name of Trump Departments for Government Efficiency, called Doge for short and head of musk, is “Nod to support Men” for Dogecoin, CBS News export.
Forbes, stating consulting consultations, export Ta “Meme coins are 50 times unstable than bitcoin and jark’s fields for fraud.” Safety and bursaan commission Corporation Finance Department It says Meme coins will “have limited or no use or functionality”.
After launching $ Trump, the first Lady Melania Trump also launched its own meme wrought with the name $ melania. “Basically, these two sell computer code for money,” Emmert said. “They can multiply this computer code as you can copy the text into the message, so it costs them nothing.”
He said people would buy a trump meme coins or for speculative purposes – with the belief that the price will align and therefore generate profit – or to channel money president. Emmert said that the volatile nature of the meme coins means that customers get “no value in return.”
When it started Trump Mema Wrought, its value has increased $ 7 $ 75 In the day. Today value of $ Trump is about $ 8. Meme Coin Creators They often promote their tokens and wait for sales sales to exercise profits before selling them, ride the price.
According to the trump meme coin websiteThe CIC digital LLC and fight against the fight against FLC is collective is collectively 80% of Trump’s memes. CIC Digital LLC is associated with trump organizations and Media export that Fight Fight Fight LLC is also a branch of trump.
Coins are just one of the cryptocurrent ventures related to the trum. Entity connected to Trump family called DT signifies Defi LLC owns 60% stake in Financial world freedomDecentralized finance endeavor that allows investors to earn and borrow cryptocurstity.
Who regulates cryptocurnancy transactions?
The American law limits donations to politicians. Below Law on Federal Election CampaignIndividuals can donate $ 3,500 candidate in elections. 2010 Citizens united the decision of the Supreme Court It allows corporations to donate unlimited amounts to super political committees that are not directly related to candidates. People who are not either American citizens or green card nationals are prohibited by providing American politicians.
These restrictions can be bypassed with a trump meme coin, Emmert said.
Since Trump took office, the Justice Department was transferred to facilitate the Federal Criminal Criminal Criminal Offense. To an 7. AprilGeneral Todd Blanche Deputy Lawyer said that the Department for Justice “will no longer conduct civil or executive actions” that include digital assets that are more appropriate for regulators. The same mentioned said National team for the execution of cryptocurency – What are the lawyers with cryptocurstity, cyber crime, laundering money and backgrounds for waste tasks to investigate and implement cases of criminal use of digital property – disbanded.
The CARIN BAIRD’s politicifact has contributed to this report.
Polyphact’s judgment
Our sources
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- Telephone conversation with the painter of Richard, Minnesota University Professor of Corporate Law, 15. April 2025
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- Q The post would sen. Chris Murphy9. April 2025
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2025-04-22 13:00:00
