Summary

Donald Trump faced backlash after launching the $TRUMP cryptocurrency meme coin, valued at billions, days before his inauguration.

Experts, including former ethics officials, called it a major conflict of interest, as Trump has pledged pro-crypto policies while profiting personally.

First Lady Melania also launched her own coin, $MELANIA.

Critics warn the coins, which lack intrinsic value and are highly volatile, could lead to lawsuits and public losses.

Ethics experts described the move as one of the worst conflicts of interest in modern U.S. presidential history.

  • just_another_person@lemmy.world
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    5 months ago

    “America” did not. I’m sick of these articles making it sound like he won big. He didn’t. 1.43% . The smallest margin of victory in 25 years.

    His idiot followers have no critical thinking skills and voted for all the lies he told them which they are up. They’re going to be absolutely devastated under his presidency.

    • Blue_Morpho@lemmy.world
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      5 months ago

      They’re not going to be devastated. No matter how much worse off they will become, they will think they are doing better because the mainstream media of Fox and OAN will tell them they are doing better than ever.

      They were fighting for toilet paper under Trump.

    • MeekerThanBeaker@lemmy.world
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      5 months ago

      They won’t be devastated. They’ll continue to watch the same “news” that will tell them how great the country is doing no matter what happens… and then continue to say how awful the Democrats are, and to blame them for individual problems.

    • Optional@lemmy.world
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      5 months ago

      I’m sick of these articles

      Let’s be very clear that corporate news has failed so spectacularly, they can not recover from this. They will not change, and we shouldn’t give them any benefit of doubt.

      You will need to find a different way of getting the news than from CNN / NBC / NYT or whatever it used to be in the before-times.

    • samus12345@lemm.ee
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      5 months ago

      A plurality of Americans voted for him. It wasn’t even EC shenanigans this time. It wasn’t a huge margin, no, but more Americans who voted wanted him than any other candidate.

  • jballs@sh.itjust.works
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    5 months ago

    Donald Trump faced backlash…

    Yeah, from people who have been crying foul about Trump for years now. Unfortunately his supporters just don’t give a shit. Why aren’t they asking Republican senators and representatives about the president launching his own currency? They’re the dumb fucks that should be offering up backlash but aren’t.

    • Optional@lemmy.world
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      5 months ago

      The corporate news sewer spew begins. You can drink all you want, but it never gets any better and it costs a lot to do it.

  • Yawweee877h444@lemmy.world
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    5 months ago

    Could this be the end of the American empire?

    With this blatant and chaotic corruption, criminality, exploitation, cheating, and stealing, how could the US stay a world empire? Won’t we just spiral out of control and everything that made us the world leader fade away, die off, emigrate, or become ineffectual?

    If cheating is now encouraged by the highest leader and law of the land, why wouldn’t it spread everywhere in our system?

    I’m not hopeful. Scary times!

    • crusa187@lemmy.ml
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      5 months ago

      Heh, yup. Whole lot of suckers about to be robbed of their last dollar in the next few years.

  • renzev@lemmy.world
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    5 months ago

    I don’t have a problem with people launching meme coins for fun. They’re consenting adults, if they want to risk thousands of dollars on a meme, that’s their choice. But an elected official who has the power to pass laws regulating cryptocurrency doing it? Yikes.