Republicans Look The Other Way As Trump Profits Off Crypto Cash Grab
www.huffpost.com
Now that Donald Trump is president, there’s no appetite within the GOP for scrutinizing the myriad conflicts of interest in the White House.

Summary

Donald Trump has launched a cryptocurrency, $TRUMP, sparking ethical concerns as he profits directly from purchases.

Critics, including Sen. Elizabeth Warren, warn this creates conflicts of interest, with Trump benefiting from a largely unregulated industry while overseeing federal crypto policies.

The move, coupled with First Lady Melania’s $MELANIA coin, led to financial losses for some supporters.

Some Republicans dismissed the issue as free-market risk, while Sen. Richard Blumenthal argued it may violate the Constitution’s emoluments clause.

GOP lawmakers remain focused on Biden-related investigations, ignoring Trump’s ventures.

  • CaptDust
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    12 hours ago

    “I’m just basically waiting and hoping to see when the public says, ‘Enough is enough,’ with the president just appearing like he’s profiting from the presidency,” Kedric Payne, senior director of ethics at the Campaign Legal Center, told HuffPost. “What’s going to be that straw that breaks the camel’s back where they say, ‘OK, just focus on your day job and not having these other side hustles.’”