Summary

Donald Trump faced backlash after launching the $TRUMP cryptocurrency meme coin, valued at billions, days before his inauguration.

Experts, including former ethics officials, called it a major conflict of interest, as Trump has pledged pro-crypto policies while profiting personally.

First Lady Melania also launched her own coin, $MELANIA.

Critics warn the coins, which lack intrinsic value and are highly volatile, could lead to lawsuits and public losses.

Ethics experts described the move as one of the worst conflicts of interest in modern U.S. presidential history.

  • @CharlesDarwin
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    44 hours ago

    You have to be an expert to realize that?

  • @Yawweee877h444
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    128 hours ago

    Could this be the end of the American empire?

    With this blatant and chaotic corruption, criminality, exploitation, cheating, and stealing, how could the US stay a world empire? Won’t we just spiral out of control and everything that made us the world leader fade away, die off, emigrate, or become ineffectual?

    If cheating is now encouraged by the highest leader and law of the land, why wouldn’t it spread everywhere in our system?

    I’m not hopeful. Scary times!

    • @[email protected]
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      56 hours ago

      In my opinion, most likely yes!

      But empires can take decades/centuries to fall. I’m aure it’s different in the modern age with modern technology but america might still hold out for decades

      I’d argue that the American Empire has been in decline for decades now, however

  • @renzev
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    68 hours ago

    I don’t have a problem with people launching meme coins for fun. They’re consenting adults, if they want to risk thousands of dollars on a meme, that’s their choice. But an elected official who has the power to pass laws regulating cryptocurrency doing it? Yikes.

  • @[email protected]
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    3512 hours ago

    Donald Trump faced backlash…

    Yeah, from people who have been crying foul about Trump for years now. Unfortunately his supporters just don’t give a shit. Why aren’t they asking Republican senators and representatives about the president launching his own currency? They’re the dumb fucks that should be offering up backlash but aren’t.

    • Optional
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      49 hours ago

      The corporate news sewer spew begins. You can drink all you want, but it never gets any better and it costs a lot to do it.

  • Admiral Patrick
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    14 hours ago

    For my own mental health, I have to change “America voted for corruption” (which isn’t necessarily wrong) to “Not enough Americans voted against corruption”. Looking at you, everyone who stayed home or threw their vote away on non-viable third party protest votes.

    • @[email protected]
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      1310 hours ago

      Not that this helps, but it should be “Americans voted for white nationalism” and “Not enough people voted against racism”.

    • @Madison420
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      -4914 hours ago

      Because this wasn’t going to happen anyway … ok. Blame the low man on the ladder instead of the dnc for refusing to put forward a candidate that anyone actually wants or policies that people actually give a shit about. Repubs do whatever and make us deal with it all anyone really asked the dnc was to shove that same shit down their throats for once.

      • @[email protected]
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        9 hours ago

        Biden’s admin :

        1. orchestrated the fastest rollout of free vaccines to Americans in response to an awful pandemic

        2. he strengthened Obamacare,

        3. he got inflation under control,

        4. he forgave fuckloads of student debt,

        5. fixed the economy out of a recession that would’ve made the current cost of living look like paradise in less capable hands,

        6. cracked down on big tech monopolies,

        7. cracked down on junk fees/charges, cracked down on union-busting,

        8. did the legwork to ensure creation of jobs and an entire industry’s worth will be brought home,

        9. empowered federal agencies to monitor and regulate AI,

        10. passed bipartisan bills for $1.2 trillion investments in building and replacing crumbling US infrastructure,

        11. he strengthened privacy regulations and last but not least

        12. literally gave people free money.

        Did I mention he reduced violent crime, strengthened gun control, made birth control OTC, and that he did all of these broadly popular things alongside protections for minorities like trans people while dealing with every other branch of government and the Supreme Court being actively hostile?

        Things are fucking awful for sure, but they could be a helluva lot worse, and Biden and his admin is genuinely to thank for some of that.

        What was actually the problem with Biden again? That he’s just kind of old or like, not a very charismatic guy or something?

        Who the fuck cares if Biden mumbles, an ideal president should be a bookish nerdy guy with strong principles and belief in something who grew up to be able to tell whats baloney and what isn’t so he can hire competent, genuine people who will give him good advice he can implement.

        So you vote in another old, barely coherent guy but this one is also a corrupt racist convict backed by oligarchs and probably also Egypt and definitely Russia, who may or may not turn the country into a dictatorial clown show and who also made everything worse last time and embarrassed the nation on the global stage?

        Because what - he dances funny? Makes fun of veterans? Says Obama founded ISIS? Promoted horse dewormer as a cure?

        Or are you just nostalgic about the Walmart toilet paper brawls?

        What’s next, he’s gonna get shirtless and ride a bear too?

        I’m starting to think you Americans have genuine brainrot.

        If you want Left-Wing change (better employee protections, less inequality, affordable housing and rent, less exploitation, green policy, minority rights etc), you vote for the most Left-Wing choice you have and you vote hard and you do it over and over for a decade or so, then they get comfortable and brave and the more leftie factions can sway centrists in the party without worrying about losing elections.

        For a local example see the state of California, their Dems are way to the left of the Centre-Right that the national Dems occupy, and that’s because they don’t have to worry about being voted out and can afford to not please some of the electorate.

        • @Madison420
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          -89 hours ago

          That’s a lot of shit to say that has about zero to do with my point.

      • @[email protected]
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        4713 hours ago

        Both are culpable. But asking for people to actually fucking vote is the lowest of bars.

        • @Madison420
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          -1113 hours ago

          We should have mandatory voting with no disenfranchisement sure, giving them the option is giving them the option to abstain you have to imagine that was intentional.

      • @AbidanYre
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        13 hours ago

        It’s the fault of everyone who didn’t vote against this.

        We all know how the system works. Staying at home because Harris didn’t promise you a pony means you’re ok with this because it was always the only other option.

        • @Madison420
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          -2213 hours ago

          You’re not listening. I didn’t say anything about Harris or her promises. I talked about the dnc not letting us have a candidate we actually like because they’re centrists playing liberal left not actual Democrats on the international political scale.

          All the rest is a result of that not the fucking cause.

          • @Nightwingdragon
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            2213 hours ago

            So instead of staying home because Harris didn’t promise you a pony, you’re saying you stayed home because the DNC didn’t promise you a pony. End result is the same: You didn’t get the god-perfect candidate, so you pulled a temper tantrum and let Trump return to power.

            • @Madison420
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              -1512 hours ago

              I specifically didn’t say I did anything, you read into it what you believe makes your argument stronger.

              I’m a felon, I couldn’t vote in the last one anyway. I offered an opinion not an apology and you seem to be the one throwing the temper tantrum. Waaa waaa it’s everyone else’s problem, waaa waaa I voted I did my part, was was cry cry. People fuckin love to wear their sticker and think that’s the end, it. Fucking. Isn’t. All of these fucking Dems patting themselves on the back for doing the bare fucking minimum while the planet burns and government falls to business bafoons.

              Yay, hope the sticker was worth it.

          • Optional
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            29 hours ago

            You want more nazi man salutes! Got it!

            (“More nazi man salutes for table 4!”)

            • @Madison420
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              -39 hours ago

              Yes because the person arguing we’re not left enough is totally into fascism? Really, genius reply there boss.

              • Optional
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                09 hours ago

                “Make it a double order!”

                • @Madison420
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                  08 hours ago

                  “i can’t defend my statement so instead I’ll try futility to make fun of you”. It don’t work because I don’t care about your opinion on lemme check anything because you won’t stand for what you say. Instead you do these drive-by quips that you somehow think are clever. Try harder at least, if you’re going to be a douche be the best doucheiest douche.

      • @cm0002
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        1913 hours ago

        Oh yea because the last election cycle was the perfect time to “teach them dems a lesson at the polls” huh, oh yea they’re really feeling it aren’t they? Definitely isn’t one of those “punishments” that ends up punishing the punisher more than the punishee…

        • @Madison420
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          -1613 hours ago

          If not now, when?

          What election cycle was the correct one for it?

          • @cm0002
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            1712 hours ago

            Literally any other one, Nov 2024 was the final boss and it was fumbled. All signs were pointing towards MAGA imploding had Trump lost in November, now instead they’re more emboldened than ever. Good job with your ‘both sides’ bullshit, you got what you wanted.

            • @Madison420
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              12 hours ago

              So Trump one, we could sit out no repercussions?

              Honestly think about and listen to what you are saying.

              I specifically never said both sides nor implied it, I pointed the finger very specifically one direction.

      • @[email protected]
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        1613 hours ago

        Harris had a bunch of great policies that most people actually want, but people ignored everything because she didn’t side with Palestinians (which was never going to happen regardless of the candidate). The media also didn’t give her any coverage on them.

        Was she the best choice for the Democrat candidate? No. Was she a better choice than Trump? Without a shadow of a doubt.

        • Nightwatch Admin
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          17 hours ago

          A 2-weeks old road waffle was a better choice than a demented fascist grifter. It’s not that hard.

        • @Madison420
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          -1212 hours ago

          I didn’t talk about her policies at all. Nor in fact did I say I did or didn’t vote based on Palestine.

          No she was objectively one of the worst and we got fucked three elections in a row out of Bernie the candidate everyone actually wanted specifically because the business monsters in charge of the dnc didn’t think they could wrangle Bernie into toeing their line.

  • @just_another_person
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    3814 hours ago

    “America” did not. I’m sick of these articles making it sound like he won big. He didn’t. 1.43% . The smallest margin of victory in 25 years.

    His idiot followers have no critical thinking skills and voted for all the lies he told them which they are up. They’re going to be absolutely devastated under his presidency.

    • Nougat
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      3514 hours ago

      Don’t forget all the qualified people who didn’t vote at all, and instead just said “Meh, it’s fine.”

      Not voting is a choice.

      • @TallonMetroid
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        1813 hours ago

        True, although personally I think “America didn’t give enough of a shit to do even the bare minimum of voting” is no less damning.

    • @Blue_Morpho
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      1513 hours ago

      They’re not going to be devastated. No matter how much worse off they will become, they will think they are doing better because the mainstream media of Fox and OAN will tell them they are doing better than ever.

      They were fighting for toilet paper under Trump.

    • @MeekerThanBeaker
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      1113 hours ago

      They won’t be devastated. They’ll continue to watch the same “news” that will tell them how great the country is doing no matter what happens… and then continue to say how awful the Democrats are, and to blame them for individual problems.

    • @[email protected]
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      12 hours ago

      A plurality of Americans voted for him. It wasn’t even EC shenanigans this time. It wasn’t a huge margin, no, but more Americans who voted wanted him than any other candidate.

    • Optional
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      9 hours ago

      I’m sick of these articles

      Let’s be very clear that corporate news has failed so spectacularly, they can not recover from this. They will not change, and we shouldn’t give them any benefit of doubt.

      You will need to find a different way of getting the news than from CNN / NBC / NYT or whatever it used to be in the before-times.

  • @eran_morad
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    13 hours ago

    Yeah, no shit. We are a nation of fucking morons.

      • Rhaedas
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        1512 hours ago

        Earlier. Southern Strategy, it’s what helped Reagan get into power.

  • @zeppo
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    29 hours ago

    Melania coin? Absurd.

    • @[email protected]
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      58 hours ago

      After they duped idiots out of millions with the Trump coin, they quickly (in 1 day) threw together the Melania coin. Because they saw how easy it was to pump their base for money, so they just did it twice because why not?

      No way this is legal, but with Trump that doesn’t seem to matter one bit. They also state it has nothing to do with the presidency or any government related thing, but I don’t really see how that’s possible if it’s the official coin of the (at time of launch) president elect. Not that any of this will ever go to court, but still.

      I wouldn’t be surprised if they release a Junior coin somewhere in the next months, the Trump base is so far gone they will continue to throw their money on the grift that is Trump.

  • @Today
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    1214 hours ago

    Really? Strump and Smelania?