politics

It’s *usually* illegal for anyone in government to profit from their office, but Trump is capitalizing on a new way to sell influence

If you follow the money, the $TRUMP memecoin looks like a head fake

THIS is the real Trump honeypot you can get in on (but probably shouldn’t)🧵

First, the obvious: As Rob Blagojevich learned, directly auctioning off an office will land you in prison

But what if you were less obvious about it?

Here's my theory on how President Trump is doing it with crypto (which he confirmed by re-tweeting) ⤵️

Award-winning Host of @Coinage covering crypto for a mainstream audience | Fmr. YahooFinance Anchor & Harvard Econ Grad | Co-Own Coinage with me 🫡

Trump, Eric, Don Jr., and even Barron are currently overseeing the build out of one of the largest projects in crypto

The DeFi platform, @worldlibertyfi has already raised close to half a billion dollars via a token sale and outside investors — including foreign nationals

While the project prominently features Trump, they've been more careful since he’s been sworn in as President

The World Liberty fundraising site notes it’s “the only DeFi platform inspired by Donald J. Trump”

As it launches, it's creating a bidding war for legitimacy in crypto

I already put together why Trump's memecoin launch was a diabolical power play. After he RT'd it, it proved my point:

Crypto founders watched in-person as he launched $TRUMP to $15 billion on his brand alone

Want my brand to do that for you? Cool, pay up

And that's where the Trumps' World Liberty Financial leveraging Trump's influence as President becomes a BIG ETHICAL QUESTION FOR AMERICA

Because foreign investors and foreign crypto founders are investing massively into this platform — like China-born Tron founder Justin Sun

After Tron Founder Justin Sun directed an investment of $75 million into World Liberty, they turned around and bought $7.5 million of Tron’s token $TRX

Now, I’m not saying there’s a quid pro quo there, but I do think there could very well be a lot of that with the other ~99.9%

Thanks to the Supreme Court ruling that gave Trump presidential immunity, he's essentially shielded from any claims of selling favors via World Liberty Financial

The memecoins launching before he took office also helped from a legal defense perspective

Thanks to the Supreme Court ruling that gave Trump presidential immunity, he's essentially shielded from any claims of selling favors via World Liberty Financial

The memecoins launching before he took office also helped from a legal defense perspective

https://www.youtube.com/watch?v=3Rr2Ne-dM8E

But just because Trump won't go to jail for selling his influence as President, does that make it right?

Seems like an easy no. But at least he's giving everyone* a chance to profit with him

*Well, not everyone — you need to be an accredited investor (which is very not DeFi)

Trump's $WLFI token sale is close to being sold out again after it was re-opened at a higher price (now seeking a $5 billion fully diluted valuation)

The tokens are non-transferrable and don't promise a share of revenue, but all that could change

So again, I ask, honeypot?

Full thread is on X here: https://x.com/zGuz/status/1882406627334382060