Post AteZBUnZRTWrH6vAPI by markc568@beige.party
(DIR) More posts by markc568@beige.party
(DIR) Post #AteXz2e4BpBEWuyOjQ by Nonilex@masto.ai
2025-05-01T14:37:33Z
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When #Trump agreed to attend a dinner w/the largest investors in his own-brand #cryptocurrency, he transformed the TRUMP coin into something else entirely: a means of #access to the sitting president. As a consequence, Trump could find himself at odds w/constitutional prohibitions of #bribery & #corruption….Trump’s dinner announcement…instigated a trading frenzy that, on paper, added hundreds of millions of dollars to his net worth.#law #Constitution #EmolumentsClausehttps://www.wired.com/story/trumps-quest-for-crypto-riches-is-a-constitutional-scandal-waiting-to-happen/
(DIR) Post #AteYDOfb6DE8tOXBgG by noplasticshower@infosec.exchange
2025-05-01T14:39:56Z
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@Nonilex yeah sure
(DIR) Post #AteYHyI0bn6eWTgMLI by Nonilex@masto.ai
2025-05-01T14:40:57Z
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However, the dinner maneuver may have political consequences for #Trump. In creating the opportunity for anybody w/sufficient #wealth to purchase an audience, Trump risks falling foul of a part of the US #Constitution — the #EmolumentsClause — that prohibit the president from accepting #gifts or financial #compensation from foreign & domestic state actors. In a worst-case scenario for the president, the potential for negative optics could add fuel to calls for his #impeachment.#law
(DIR) Post #AteYZ7dN7QoKQYqviq by Nonilex@masto.ai
2025-05-01T14:44:04Z
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…The dinner gambit puts the #TRUMP coin in a different class entirely. In establishing an explicit #QuidPrQuo — a large investment in exchange for an audience — the maneuver has effectively turned TRUMP into a #UtilityCoin, an asset that bestows on holders some perk or advantage.…The expectation of further opportunities to spend time w/Trump may continue to prop up the price.#law #Constitution #EmolumentsClause
(DIR) Post #AteZ1xzA4SdetunZvE by Nonilex@masto.ai
2025-05-01T14:49:17Z
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…The act of transmuting his #cryptocurrency into a #UtilityCoin is unlikely to have immediate #regulatory implications for #Trump. [not coincidentally] In Feb, the #SEC …made clear that it does not consider #memecoins to fall within its jurisdiction. Likewise, during Trump’s first term, the agency reached a similar conclusion about utility coins.#law #Constitution #EmolumentsClause
(DIR) Post #AteZ9vFs6fwAkVPNui by Nonilex@masto.ai
2025-05-01T14:50:43Z
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…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.#law #Constitution #EmolumentsClause
(DIR) Post #AteZBUnZRTWrH6vAPI by markc568@beige.party
2025-05-01T14:50:58Z
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@Nonilex Unfortunately, the constitution is just a piece of paper. It means nothing if it is not enforced.
(DIR) Post #AteZT0MrK1Rc6kmAXw by Nonilex@masto.ai
2025-05-01T14:54:10Z
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“If the government of #Yemen buys up oodles of #memecoins, we won’t know,” says Lisa Bragança, attorney at Bragança Law & fmr branch chief at the #SEC. “If it’s a #UtilityCoin &, say, a representative of #Russia shows up for dinner with the president, we know it’s an #emoluments issue.”#law #Constitution #EmolumentsClause #Trump #crypto
(DIR) Post #AteZaMsW1hiJwz5tCK by Nonilex@masto.ai
2025-05-01T14:55:29Z
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Today, #access to the sitting US president carries a greater potential political currency than ever. “#Trump is amalgamating even more #power in the #ExecutiveBranch than anyone has before,” claims Jeff Hauser, executive director at the Revolving Door Project, an organization that seeks to scrutinize the behavior of elected officials. “With ever greater power comes a larger warehouse of favors that can be sold.”#law #Constitution #EmolumentsClause #bribery #corruption #crypto
(DIR) Post #AteZoErWctv18xFF3I by Nonilex@masto.ai
2025-05-01T14:58:00Z
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At present, the names of the #TRUMP holders set to win a place at the dinner are concealed behind pseudonyms & 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 w/upholding the #Constitution, including through #impeachment.#law #EmolumentsClause
(DIR) Post #AteaZoAz9EjGHI1vJA by Nonilex@masto.ai
2025-05-01T15:06:36Z
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…For now, the #Republican congressional majority & #Trump’s command of his party mean #impeachment calls are unlikely to go anywhere.…Trump has previously prevailed in multiple suits alleging he violated #emoluments clauses during his 1st term…,& were later dismissed.“The violation of the #Constitution should be a big deal,…”says Hauser. “…Trump rules the Republican party w/such an iron hand that the notion of a successful impeachment leading to a guilty verdict is just somewhat fanciful.”#law
(DIR) Post #AtecTELJf8dpJUqy80 by mister_shade02X2@mastodon.social
2025-05-01T15:27:42Z
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@Nonilex This is more #republican corruption and we must punish them for it. Everyone needs to coalesce into a united front against this, so we can try to vote #trump and his cronies out of power.
(DIR) Post #AtefpkSPF5u79DbB2G by paul_ipv6@infosec.exchange
2025-05-01T16:05:26Z
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@Nonilex also bet the secret service are totally loving this, since they are supposed to vet anyone meeting the president...
(DIR) Post #AtehCSlTHxnitEuYue by paul_ipv6@infosec.exchange
2025-05-01T16:20:46Z
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@Nonilex like the coins, i suspect the supplicants will find that they are getting political crypto-currency, mostly a scam with very little real value to back it up...serves them right...
(DIR) Post #Atf4FvhcS8KeSBjPv6 by AJ_andrew69@mastodon.social
2025-05-01T20:39:00Z
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@Nonilex Does anyone know if trump's coins are real currency?