Tim (@heislertecreator2049@mastodon.social)

63d

This Trump family crypto empire is set to profit precisely because Trump is gutting the regulations that would normally constrain it — brazen self-dealing that represents perhaps the most flagrant exploitation of presidential authority in American history.

#crypto #cryptocurrency #USpolitics #USpol

In an unprecedented abuse of presidential power, Donald Trump is dismantling federal cryptocurrency oversight while building a sprawling family crypto empire worth billions. Through World Liberty Financial, a planned decentralized finance platform that also recently announced its own stablecoin, the Trump family is positioning to profit from facilitating cryptocurrency lending and trading. Through Truth.Fi, they seek direct exposure to bitcoin and profits from hawking investment products to Trump’s most loyal base. Through a new bitcoin mining venture, they’re gaining control over crypto infrastructure and expanding exposure to assets that Trump himself can influence from the White House. And through a series of memecoins, NFTs, and even a planned crypto game, the Trumps are converting political support directly into cash. This empire is set to profit precisely because Trump is gutting the regulations that would normally constrain it — brazen self-dealing that dwarfs even the unchecked emoluments violations of his first term. This is only one of the many widespread abuses characterizing the most flagrant exploitation of presidential authority in American history.a

a.
It feels weird to write this without noting that there are substantially more horrific abuses happening as we speak, such as the kidnapping and disappearance of Kilmar Abrego Garcia and others, without due process or even apparently genuine suspicion of wrongdoing, to a horrific mega-prison in El Salvador.

ALT

I write about the financial abuses of the Trumps because it is my beat, and it is where I hope I can make something of a difference with my expertise, but I want to direct you to the excellent coverage from experts in that field such as Immigration Impact.

Since Trump took office, federal agencies have issued a torrent of announcements stripping away long-established financial regulations and criminal oversight from crypto businesses — dismantling what little oversight existed in the already predatory and poorly regulated industry. As these guardrails fall, the Trump family has aggressively expanded their ventures, which now span nearly every corner of the cryptocurrency world. These projects don’t just generate direct profits — they create new opportunities for outside interests to gain favor through cryptocurrency "investments" that would be illegal as campaign contributions. The timing and scope of these developments clearly demonstrate that federal policy is being weaponized for personal profit.

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ALT

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63d

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57d

@molly0xfff So sorry, I'm on federally and provincially legislated poverty and you don't have a $1CAD option.
I can't.

Tim

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