Trump Profits Off Presidency as Regular Americans Get Ripped Off with Higher Prices

President Donald Trump's crypto memecoin announced this week that it's selling presidential access to the highest bidder and shamelessly encouraging would-be

President Donald Trump’s crypto memecoin announced this week that it’s selling presidential access to the highest bidder and shamelessly encouraging would-be funders to “own a piece of Trump” – in the Trump family’s most brazen grifting scheme to date. Next month, the President will attend an exclusive dinner with the top owners of Trump memecoin, the cryptocurrency venture he announced just days before taking office which has already brought in about $100 million. Now his family crypto venture is setting up a bidding war to let billionaires, shady special interests, and even the potential for foreign adversaries compete for access and influence over the Trump White House.

It should be no surprise that Trump is doubling down on his cozy relationship with Big Crypto. In addition to the millions Trump is making by using the office of the Presidency to put crypto cash in his pocket, he also raked in millions more in direct donations from the crypto industry.

New filings released in recent days reveal that cryptocurrency-interested entities contributed an eyebrow-raising $13 million to Trump’s Inauguration – with companies including Ripple Labs, Robinhood Markets, Coinbase and more all giving millions. Their investments quickly paid off as Trump shut down federal lawsuits or investigations into 5 of these donors upon taking office, and abruptly axed the Department of Justices’ cryptocurrency crime enforcement unit and disbanded the National Cryptocurrency Enforcement Team.

The Inauguration donor filings also reveal that at least three cabinet officials, three agency heads, and 10 ambassador nominees were connected to the donation of millions of dollars to Trump – in some cases before their nominations were announced – raising questions about whether they bought their way into powerful positions to help themselves. Trump’s cabinet of billionaires is among the most unqualified and conflicted in history.

As Trump caps off his first 100 days in office next week, he has sent the economy into chaos, skyrocketed everyday costs, sunk consumer confidence, and increased the likelihood of the recession, and along with Elon Musk and his allies in Congress, he’s on a crusade to rip Medicare, Medicaid, and Social Security away from Americans. Next week, House Republicans will begin slashing vital services Americans depend upon in earnest to pay for big tax cuts for themselves, Trump, and their wealthy and corporate donors. The only people who have been better off since Trump took office are himself and his billionaire donors.