Washington Post columnist Katherine Rampel claimed in a column Tuesday that President Donald Trump may use a new virtual currency called the $TRUMP coin to accept bribes from foreign governments.
Mr. Lampel blamed the purchaser. Presidential Cryptocurrency“The challenge now for anyone who bought these coins is that if they want to cash out, they have to find someone dumber who is willing to pay more.'' He claimed that he has earned billions of dollars in recent years by running away from his fans. ”
However, Post columnist claims While it is unlikely that there will be continued retail investors willing to pay higher and higher prices for coins, she is confident that more unscrupulous buyers will continue to fill the order book.
Trump Eyes, the first ever White House Cryptocurrency Emperor
President Donald Trump speaks at the 2024 Bitcoin Conference on July 27, 2024 in Nashville, Tennessee. (Getty Images)
“There may be one reliable source of continued $TRUMP buyers over the next four years: individuals, corporations, and foreign governments looking to curry favor with the president,” Lampel said.
The article's headline blared: “Trump finds new way for foreign governments to pay him: virtual currency.” The subheadline read, “Trump's Cryptocurrency Is Just a Ponzi Scheme”.
Ms. Lampel included an analogy to explain how she believes these bribery allegations will work out.
“Saudis no longer need to stay in President Trump's hotels to line his pockets, or just pretend to do so. How much did they increase President Trump's net worth by flashing their digital wallets? “We can show that,” Rampel added. After all, every dollar they put into maintaining the value of Trump's meme coin is essentially adding cash to Trump's bank account, and the emoluments clause is shit. ”
The Alien Emoluments Clause of the U.S. Constitution states:[N]o a person holding a position of profit or trust; [the United States]shall accept any gift, bounty, office, or title of any kind from any king, prince, or foreign country, without the consent of Parliament; ”
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Washington Post columnist Kathryn Rampel has claimed that Donald Trump may be violating the Foreign Emoluments Clause of the U.S. Constitution with the $TRUMP cryptocurrency. ((Eric Baradat/AFP))
The columnist also claimed that $TRUMP insiders appear to be engaging in insider trading.
“Meanwhile, it appears that $TRUMP insiders have already transferred some of their tokens to foreign trading platforms that are not allowed to execute trades in the United States. I think they're going to stand out of reach,” Lampel said. .
“For years, a radical and corrupt ruling class has extracted power and wealth from our people,” President Trump told Americans in his inaugural address on Monday.
At the end of his column, Mr. Lampel addressed the president with these words, arguing that “perhaps the president's objection is that the old regime simply wasn't tech-savvy enough.”
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The White House did not immediately respond to Fox News Digital's request for comment.
