The Trump administration is clearing the way for corruption. Corruption is being legitimized in various ways. 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 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. 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=uP1a3svt5WE
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
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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