By John Q. Hosedrinker 
The article details how Donald Trump and his family have become significantly wealthier through cryptocurrency ventures, particularly $TRUMP, and a crypto platform, World Liberty Financial. The gala event was held to reward top $TRUMP holders. Critics raise concerns about potential conflicts of interest, given Trump’s simultaneous involvement in business and politics, including potential influence over policy decisions. The potential for conflicts is amplified by Trump’s financial interests in crypto and the anonymous nature of transactions.
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Donald Trump accused of profiting from presidency as crypto ventures rake in hundreds of millions? It’s not just an accusation, it’s a known fact, isn’t it? We saw it the first time around, and yet, here we are. It’s hard to ignore the obvious, considering his history. The consensus seems to be that he’s not just profiting, but actively profiteering from his position.
Before Trump, the expectation was that presidents would divest themselves of their business interests to avoid any conflict of interest. It was a standard procedure, a way to ensure impartiality in the highest office. Now, the situation feels different. It feels like Trump is manipulating markets in plain sight, and frankly, it’s been common knowledge for a while.
The sentiment is that there should be swift action taken to repair some of the damage caused by Trump’s actions. The concern is that the likelihood of this occurring is slim, but the urgency remains. It’s viewed as a “pump and dump” scenario on a global scale, where everything and everyone is a target. The claim is that this second presidency is a grand con job, an unprecedented abuse of power for personal gain.
The New Yorker’s estimate puts his gains during his presidency at upwards of $3 billion, even with conservative calculations. The available evidence suggests a deliberate strategy. The perception is that these ventures aren’t legitimate investments, but thinly veiled bribes disguised as cryptocurrency initiatives.
The argument is that Trump lacks the sophistication for successful financial speculation. The emphasis is on moving beyond accusations and seeking tangible action to address the situation. It’s suggested that he has committed numerous impeachable acts, yet there’s a sense of apathy and inaction.
The discussion highlights that the level of illegal insider trading reinforces a belief that Trump and his family feel untouchable. This is a sentiment shared by many. The initial ventures were seen as a crypto rug-pull, a blatant display of bribery, and it’s viewed as unlikely that it would be the only one.
The feeling is that if Obama did something similar, the right-wing would be up in arms. It’s felt that Trump’s actions consistently prioritize personal gain, yet there’s a large group of supporters who seem to want more for him than they do for themselves.
The current state of affairs seems to be a continuation of long-term strategies and unintended consequences of the Republican party’s actions. The question of how far back these strategies started is a matter of debate.
The observation is that everything Trump does is designed for his personal gain. This, in itself, is not surprising, considering the trajectory of his entire life. There’s a general feeling of frustration, anger, and disbelief directed toward those who support Trump.