Republicans look the other way as Trump profits off crypto cash grab

www.huffpost.com

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Republicans look the other way as Trump profits off crypto cash grab

www.huffpost.com

@MicroWave to

NewsEnglish • 13 hours ago

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.

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