DJT Grift of the Day

trump meme coin..valued at $25B for what? a guarantee to be listed as one of the new coins in the new USA crypto reserve.

can potus, independent of congress, set up a cryptobank and determine what assets it must purchase

Donald Trump Hits $25 Billion Jackpot a Day After Meme Coin Debut

Donald Trump’s latest business venture, a meme coin, has reportedly made a whopping $25 billion since its release Friday night, reported Axios. “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW,” the president-elect wrote on his Truth Social platform. Those interested were directed to gettrumpmemes.com to purchase. According to the site, the meme features an image of Trump with his fist in the air emblazoned with his now-famous “FIGHT FIGHT FIGHT,” popularized after the first failed assassination attempt against him. “His strength and courage ignited a movement becoming the most memorable meme of the century,” the site boasts. It also describes him as “the crypto president.” Trump’s foray into the meme coin space isn’t a big shock given his promises to prioritize cryptocurrency under his new administration. On Saturday, $TRUMP trended on X, with users buzzing about the coin.

 

cult..only explanation..total abdication of reasoning and logic skills

 

how this and a hundred other things don't violate the emoluments to begin with

 

Trump team dumps $500M in TRUMP tokens, retains 85% supply

The Trump team has offloaded $500 million worth of their newly launched TRUMP tokens, holding on to 85% of the total supply, according to blockchain analyst Conor.

“From what I can see on-chain, Trump has sold approximately $500 million of tokens so far,” Conor said, adding that every single circulating token has either been sold or provided as liquidity.
............................
The token was developed on the Solana blockchain and launched with an initial supply of 200 million coins. However, the overall supply is planned to expand to 1 billion over the next three years, as stated on its official website.

Right now, 80% of the tokens remain locked away under the control of two entities: CIC Digital LLC, a Trump Organization affiliate, and Fight Fight Fight LLC, a Delaware-based company registered on January 7.

 

not to be outdone, Melania launched a coin too. that caused a lot of people to dump the trump coin and buy the melania coin

'This is straight up dumb': Melania Trump blasted from both sides over her latest 'scam' - Raw Story

On the other side the the aisle, liberal commentator Brian Krassenstein, noted that the Trump family's decision made "$30 Billion evaporate."

"As soon as it debuted, investors dumped $Trump coin—released just two days ago—resulting in a staggering $30 billion loss in paper wealth for those who believed in it," he added. "This level of corruption and disregard for Americans' trust is beyond appalling. PERIOD." Anti-Trump artist Art Candee added, "The corruption is absolutely astounding."
.......................
USC Law lecturer Ben Meiselas said, "Hey guys, Donald Trump didn’t bring peace to Ukraine as he promised but Melania Trump just dropped her own meme coin after Donald Trump dropped his and they are making billions. Sorry about those egg prices. Hawk Tuah the moon!!!"

One investment commentator, InvestmentKage, said, "88% of $MELANIA Meme coin owned by 10 people. This is straight up dumb."

 

'This is beyond insane': Melania Trump's new move is 'causing Trump coin to crash' - Raw Story



"Can’t believe we just elected these jokers. It’s like we gave a recovering alcoholic access to the liquor cabinet—and he hasn’t even been sworn in yet," Mayo added. "The result is going to be terrible for our country and many good people who believe in all this will suffer."

The former Trump official Anthony Scaramuccialso chimed in, saying, "Launch of Melania coin is causing Trump coin to crash."
"Elon was right, we are living in a simulation. Which one of the kids coins will perform best?" he asked Sunday. "The day before inauguration as [the] leader of free world and this is what Trump is focused on. Tells you everything you need to know."

 

donny boy wants to reacquire rights to the hotel so they can get more of that fat no show foreign conference business.

Three Trump inauguration VIPs offer a picture-perfect snapshot of the next four years

But since the Supreme Court decision in Citizens United, this problem has gotten worse. (Somewhat ironically, tomorrow marks 15 years since the ruling.) Citizens United opened the floodgates to unlimited spending on elections by corporations, special interest groups and, eventually, individuals.

And give they did.

According to OpenSecrets, outside groups spent a total of $574.5 million during the 2008 election cycle. Four years later — and two years after Citizens United — that amount more than doubled to $1.3 billion. In 2024, it hit a whopping $4.5 billion. That’s a 680% increase from 2008 to 2024 in money from corporations, super PACs and individuals.

Which leads us back to where we are at today, at the beginning of a new administration led by arguably one of the most transactional presidents in modern history. When Trump was in office last time, his company owned a hotel blocks away from the White House where foreign leaders and special interest groups booked rooms and hosted lavish parties. Once Trump left Washington, the Trump Organization sold the lease rights of that hotel. Now, it’s talking about reacquiring them again.