‘Roadmap for corruption’: Trump dive into cryptocurrency raises ethics alarm
by Peter Stone in Washington from World news | The Guardian on (#6XH46)
The president's hawking of $Trump memecoin has sparked a firestorm of criticism over potential influence buying
Donald Trump's push to sharply ease oversight of the cryptocurrency industry, while he and his sons have fast expanded crypto ventures that have reaped billions of dollars from investors including foreign ones, is raising alarm about ethical and legal issues.
Watchdog groups, congressional Democrats and some Republicans have levelled a firestorm of criticism at Trump for hawking his own memecoin $Trump, a novelty crypto token with no inherent value, by personally hosting a 22 May dinner at his Virginia golf club for the 220 largest buyers of $Trump and a private reception" for the 25 biggest buyers.
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