Update: 5/27/25 https://www.thenation.com/article/politics/trump-crypto-corruption-unpunished/ The gist of this story is that Democrats have their hands in the crypto pot, too.
Updated 4/30/2025) and repeated in The Trump administration is clearing the way for corruption. Buying influence in Trump's coin gets you a dinner: there is probably nothing more corrupt than this. Trump offers private dinner to the top investors in his meme coin | CNN Politics Access to the president from foreign and domestic "investors" is sold to the highest bidder and the proceeds go into the president's pocket. Meme coins are a form of crypto.On April 8, 2025, the Trump administration's controlled Department of Justice closed down its crypto section. As Trump now raises money for himself, the use of crypto technology like meme coins and cryptocurrency is now freed by him from federal law enforcement scrutiny. https://www.reuters.com/world/us/us-justice-dept-disbands-cryptocurrency-enforcement-unit-2025-04-08/ The Trump family is also heavily invested in cryptocurrency and their Stablecoin venture which also can convert cryptocurrency into US dollars. https://www.nytimes.com/2025/04/29/us/politics/trump-crypto-world-liberty-financial.html
Continuing with the original plus updates through 4/28/2205:
Crypto itself it is a favorite of those who want to disguise their transaction since the buyers and the exchanges that facilitate trades and transactions only record the "address" of the participant and not the name. Transactions can be traced but they take time, effort, and skill for law enforcement to trace to actors. https://en.wikipedia.org/wiki/Cryptocurrency_and_crime# Per Google AI, cryptocurrency transactions are generally traceable due to the blockchain's public ledger and the reporting requirements of exchanges. While not directly tied to a person's name, transactions are recorded with public addresses and can be traced through blockchain analysis and by linking these addresses to individuals through exchanges or other data.
For simplistic descriptions of crypto, Google AI has the best. Search google: what is crypto
https://mufticforumblog.blogspot.com/2025/04/trumps-corruption-grist-for-impeachment.html for more on the subject of meme coins and crypto technology and the role in plays in disguising users.
In addition,, the Trump family is heavily involved in their own crypto business. Trump Family Venture Plunges Deeper Into Crypto With New ‘Stablecoin’ - WSJ. Now, Trump has become the fox in the henhouse, in charge of the regulation of his own stablecoin enterprise.
Bribery and influence peddling are disguised as campaign contributions or buying Trump's enterprise offerings. Trump Store launched 168 products to profit off presidential transition period - CREW | Citizens for Responsibility and Ethics in Washington
Conflicts of interest are no longer taboo as Musk has also shown with his $38 billion worth of federal contracts. Trump's tariffs on imported autos will benefit Tesla per Bloomberg. https://www.youtube.com/watch?v=uP1a3svt5WERaising eyebrows:
Trump has a close relationship developed over a couple of years with the El Salvador government. They share a similar interest. The Trump family is heavily invested in cryptocurrency and so is El Salvador, though recently they had to abandon using it as their national currency. Both support using cryptocurrency as as a strategic reserve .https://www.americasquarterly.org/.../in-el-salvador...
(4/30/2025) More on the Trump crypto business: https://newrepublic.com/post/194552/donald-trump-shady-crypto-partners-damning-report
The Crypto Election: Crypto, Disinformation, and Presidential Politics | TRM Blog
/https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/
https://mufticforumblog.blogspot.com/2025/04/trumps-corruption-grist-for-impeachment.html
Update 4/12/2025 https://www.politico.com/live-updates/2025/04/11/congress/tariffs-insider-trading-allegations-democrats-00286880 Insider trading in DC by lawmakers and the President is a nagging form of corruption. It is a crime elsewhere. but not there. Insider trading occurs when someone has information of an upcoming event or executive order that a certain stock or the market in general will have a sudden increase in the future and buys the stock now, knowing that they can sell it at a large profit when the stock does soar. Lawmakers and the White House think they can get away with this crime. The issue rose when Trump publicly said it's a good time to buy shares now, and then four hours later he announced a pause in the tariff wars that caused the market to take off like a rocket. Trump is immune, remember, from being charged with a crime thanks to the Supreme Court. His staff or cabinet members are not immune.
4/1/2025 observation: A warning to Democrats: If Musk becomes such a political liability or his Tesla losses are severe enough, either Trump or Musk himself will remove himself from the political stage. At that point, the "oligarch problem" becomes less of a negative for Trump. The anti-oligarch attack could be a short term strategy. However, the entire Trump regime and Trump himself are still fair game. As complicated as it is, Trump family grift will still be a vulnerable political liability. For that reason, the Democrats should not put all of their Musk eggs in one basket and still keep Trump himself an an object of disaffection due to widespread nature of his own grift.
Continuing with the original post. Stablecoin (a cryptocurrency) is supposed to be backed one-for-one with real dollar assets, which can be converted and exchanged for real money. Crypto is virtually unregulated. Stablecoins provide very effective ways to launder money and to use it for influence peddling anonymously. Stablecoins can be converted to hard cash mostly through unregulated exchanges. It is suspected that money laundering has been handled by such exchanges. These exchanges had been under scrutiny by US law enforcement. Under Trump, the investigations have been limited or suspended. SEC ends investigations into crypto firms under Trump administration Trump’s Crypto Venture Introduces a Stablecoin - The New York Times
Eyebrows raised:
https://www.theatlantic.com/ideas/archive/2025/04/trump-kleptocracy-autocracy-inc/682281/
https://www.cnn.com/2025/02/28/business/crypto-mogul-trump-coins-civil-fraud-charges/index.html
It’s a Powerful Force in American Politics. Your 401(k) Depends On It. It’s Complete Nonsense.
MUFTIC FORUM BLOG: When it comes to corruption, Trump is now the fox in the henhouse
Oligarchs like Musk are already enriching themselves by protecting their government contracts or influencing public policy in ways that empower themselves more. Conflict of interest is no longer a dirty word, nor is bribery a dirty word, as Musk tried to do by offering money rewards to loyal voters in Wisconsin. .Wisconsin AG seeks to block Elon Musk's million-dollar giveaways ahead of state Supreme Court race .Whistleblowers have lost their protection from retaliatory firing. Inspectors general have all been fired.
MUFTIC FORUM BLOG: The only whistleblowers left is the free press...guard it well updated
Trump and Musk have huge conflicts of interest. Who’s policing them? | Vox
Trump's attempt to eliminate the Consumer Financial Protection Bureau blocked by court. Federal judge blocks Trump from dismantling Consumer Financial Protection Bureau | AP News
MUFTIC FORUM BLOG: When it comes to corruption, Trump is now the fox in the henhouse
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