Former British State Minister Rory Stewart said today that Trump’s memes play authorizes the contributions of the campaign without the required financial disclosure.
Stewart discussed the subject on a podcast which he co-anima, denouncing the use by Trump of coins for a private gain as a form of “disgusting” corruption.
Is Trump’s meme a new form of influence?
In an episode of his podcast “The RESS IS POLITICS” broadcast this morning, Stewart explained how Trump’s memes play can be used to make contributions to the campaign, arguing that this is a new way for influential personalities and eminent companies to influence Trump’s political decisions.
Stewart applied that because the cryptographic industry in the United States remains largely unregulated, Trump can receive these contributions without any financial responsibility.
“He does not declare the money coming, he does not declare any of the income he derives from it. But what is an incredible way to contributions to the campaign,” said Stewart on the podcast.
He highlighted a particular example that surfaced earlier this week. Javier Selgas, CEO of the North American Shipping Company Freight Technologies Inc., unveiled an investment of $ 20 million in Trump Tokens.
Since the company is listed publicly, the scholarship requires that it discloses how it spends its money.
“In his dry file, he says that it is a judicious commercial decision because it is a plea for the commercial interests of [his] Company for a free trade agreement, ”added Steward.
The company’s official press release confirms these intentions. Stewart proposed other cases suggesting that President Trump uses memes to encourage others to arouse his favor.
Concerns about financial gain and political favor
At one point in the podcast, Stewart expressed his astonishment on how the American president exploits his cryptographic companies for a political and financial gain.
“Trump’s corruption is beyond the imagination. It is so amazing that we can barely follow it,” he said, adding: “It is incredibly simple-essentially a transfer directly to the bank account of Donald Trump from any foreign dignitary [or] Businessman in the world, and we can already see that when you make these transfers, judicial affairs disappear, [and] Contracts are given. »»
Stewart implicitly referred to Crypto companies like Coinbase and Ripple, who donated millions to Trump’s presidential campaign before the 2024 elections. Public Citizen previously reported that everyone spent about $ 50 million in campaign funding.
In March, the SEC abandoned civil proceedings against Coinbase and Ripple. The news immediately raised eyebrows on conflicts of interest.
Stewart also underlined the ability to pay millions for a private dinner with Trump. He said it could be a way to buy access and influence.
Mar-A-Lago access for high donors
Last March, reports emerged indicating that business leaders can obtain an individual meeting with the president of Mar-A-Lago for substantial costs.
“You can give him money directly, or you can pay, it seems, between $ 1 million and $ 5 million for a dinner in Mar-A-Lago or a meeting with him,” said Stewart on the Podcast.
This opportunity closely reflects the last announcement linked to Trump’s coin, which offers an exclusive dinner with the president for the head of Trump holders.
According to official rules, buyers must appear in the 220 Trump tokens holders by May 22 to qualify for dinner. The 25 best holders will also receive a VIP visit to the White House.
Does the current system adequately regulate crypto in politics?
Last week, in an exclusive interview with Beincrypto, the former lawyer for the White House ethics, Richard Painter, said that current companies of the same corner did not violate the law.
Since the pieces even are not considered as securities under the dry, Trump does not constitute federal violations of securities.
According to Painter, assuming Trump does not take bribes, the same money dinner does not break the clauses of constitutional emoluments. However, he warned that if dinner did not occur, Trump could face accusations of fraud of general prosecutors or individuals.
In today’s interview, Stewart added that, during his mandate, Trump suspended a series of laws that only intensify the existing concerns about conflicts of interest.
“The protections that the United States has created to try to face it are, of course, laws, that Trump has suspended. There are laws on foreign agents law, which aimed to prevent Russian agents or Cuban agents who pay American politicians – who was interrupted by Trump. Trump.
Stewart’s comments illustrated the growing need for clarity regarding the use of digital assets in political activities, especially the pieces even.
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