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US senators attempt to ban Trump's 'profoundly corrupt' crypto schemes


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The Trumps are thought to have made tens of millions from cryptocurrency ventures, including the $TRUMP and $MELANIA coins they launched days before the inauguration; 

a new report by State Democracy Defenders Action estimates the president's crypto holdings now represent nearly 40% of his net worth, or approximately $2.9bn (£2.1bn).

"Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls," said Senator Merkley.

Senators Chuck Schumer and Elizabeth Warren wrote to Office of Government Ethics acting director Jamieson Greer about a billion-dollar business deal involving a Trump-backed cryptocurrency company and foreign crypt firm: "The deal, if completed, would represent a staggering conflict of interest, one that may violate the Constitution and open our government to a startling degree of foreign influence and the potential for a quid pro quo that could endanger national security."

US senators attempt to ban Trump's 'profoundly corrupt' crypto schemes

 

 

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