“When Donald Trump agreed to attend a dinner with the biggest traders in his own-brand cryptocurrency, he remodeled the TRUMP coin into one thing else solely: a method of entry to the sitting president,” Wired stories.
“As a consequence, Trump may discover himself at odds with constitutional prohibitions of bribery and corruption, consultants declare.”
“Trump’s dinner announcement on April 23 instigated a buying and selling frenzy that, on paper, added tons of of hundreds of thousands of {dollars} to his internet price. Two subsidiaries of the Trump Group, a conglomerate owned by the president, management 80 p.c of the overall provide of the coin, which shot up in worth by virtually 60 p.c after the announcement. These subsidiaries additionally revenue from any surge in buying and selling quantity as rent-seeking intermediaries.”
