• Home
  • Motorcycles
  • Electric Motorcycles
  • 3 wheelers
  • FUV Electric 3 wheeler
  • Shop
  • Listings

Subscribe to Updates

Get the latest creative news from CycleNews about two, three wheelers and Electric vehicles.

What's Hot

First ever Honda electric motorcycle debuts – and it’s a cafe racer!

Apple’s Big OS Rebrand, OnePlus Embraces AI, and Samsung’s Next Folds—Your Gear News of the Week

Never Drink Alone: A Guide to Turkish Coffee

Facebook Twitter Instagram
  • Home
  • Motorcycles
  • Electric Motorcycles
  • 3 wheelers
  • FUV Electric 3 wheeler
  • Shop
  • Listings
Facebook Twitter Instagram Pinterest
Cycle News
Submit Your Ad
Cycle News
You are at:Home » Trump’s Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen
Electric Motorcycles

Trump’s Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen

cycleBy cycleMay 2, 202503 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


“Whether it’s a utility token or a memecoin, it’s not regulated by the SEC,” says Lisa Bragança, attorney at Bragança Law and former branch chief at the SEC. Therefore, to avoid the attention of regulators, Trump need only refrain from fraud and unfair trade practices, she says.

However, experts wonder whether it could have legal implications. Though critics have argued from the beginning that TRUMP could create a pathway for bribery—by investing large sums into the coin, driving up its price, politically motivated actors could theoretically curry favor with the president—the dinner brings the risk of violating emoluments restrictions into stark relief.

“If the government of Yemen buys up oodles of memecoins, we won’t know,” says Bragança. “If it’s a utility coin and, say, a representative of Russia shows up for dinner with the president, we know it’s an emoluments issue.”

Today, access to the sitting US president carries a greater potential political currency than ever. “Trump is amalgamating even more power in the executive branch than anyone has before,” claims Hauser. “With ever greater power comes a larger warehouse of favors that can be sold.”

At present, the names of the TRUMP holders set to win a place at the dinner are concealed behind pseudonyms and alphanumeric crypto wallet addresses. The White House did not respond when asked whether the attendee list will be made public.

Whether Trump would face any consequences for theoretically violating foreign emoluments laws depends on the strength of his grip on Congress, the political class tasked with upholding the Constitution, including through impeachment.

In the halls of Congress, calls for Trump’s impeachment are already growing. “He is granting audiences to people who buy the memecoin that directly enriches him,” said Democrat senator Jon Ossoff in a town hall meeting on April 25. “There is no doubt that this president’s conduct has already exceeded any prior standard for impeachment.”

For now, the Republican congressional majority and Trump’s command of his party mean impeachment calls are unlikely to go anywhere. Equally, Trump has previously prevailed in multiple lawsuits alleging that he violated emoluments clauses during his first time in connection with his hotel business, which were later dismissed.

“The violation of the Constitution should be a big deal, but how to make it consequential is challenging,” says Hauser. “Right now, Trump rules the Republican party with such an iron hand that the notion of a successful impeachment leading to a guilty verdict is just somewhat fanciful.”

However, in its potential to paint Trump in an unflattering light—as a president who puts his own financial interests over those of the nation—the TRUMP coin dinner could contribute to shifting the dial. With the midterm elections only a year away and the Republican House majority only slim, public perception matters.

“The opportunity for corruption is not meaningfully changed by the dinner. But the optics are potentially much worse for Trump,” says Hauser. “The unseemliness changes the odds of there being any ramifications to Trump violating the emoluments clause. It creates more vulnerability.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe Slowdown at Ports Is a Warning of Rough Economic Seas Ahead
Next Article The Android Show, Rad Power’s New Ebikes, and Yale’s ADT Smart Lock—Your Gear News of the Week
cycle
  • Website

Related Posts

First ever Honda electric motorcycle debuts – and it’s a cafe racer!

May 31, 2025

Apple’s Big OS Rebrand, OnePlus Embraces AI, and Samsung’s Next Folds—Your Gear News of the Week

May 31, 2025

Never Drink Alone: A Guide to Turkish Coffee

May 31, 2025
Add A Comment

Leave A Reply Cancel Reply

You must be logged in to post a comment.

Demo
Top Posts

First ever Honda electric motorcycle debuts – and it’s a cafe racer!

May 31, 2025

The urban electric commuter FUELL Fllow designed by Erik Buell is now opening orders | thepack.news | THE PACK

July 29, 2023

2024 Yamaha Ténéré 700 First Look [6 Fast Facts For ADV Riding]

July 29, 2023
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest Reviews

Subscribe to Updates

Get the latest tech news from FooBar about tech, design and biz.

Demo
Most Popular

First ever Honda electric motorcycle debuts – and it’s a cafe racer!

May 31, 2025

The urban electric commuter FUELL Fllow designed by Erik Buell is now opening orders | thepack.news | THE PACK

July 29, 2023

2024 Yamaha Ténéré 700 First Look [6 Fast Facts For ADV Riding]

July 29, 2023
Our Picks

सस्ता शानदार और दमदार स्कूटर पर मिल रहा जबरदस्त डिस्काउंट | Odysee e2go plus electric scooter

There’s an AI Candidate Running for Parliament in the UK

These Solid-State Drivers Bring the Future of Portable Sound to Your Headphones

Subscribe to Updates

Get the latest news from CycleNews about two, three wheelers and Electric vehicles.

© 2025 cyclenews.blog
  • Home
  • About us
  • Get In Touch
  • Shop
  • Listings
  • My Account
  • Submit Your Ad
  • Terms & Conditions
  • Stock Ticker

Type above and press Enter to search. Press Esc to cancel.