Pig Butchering Scams

TRUMP'S CRYPTO CONFLICT OF INTEREST
Tinyurl.com/Trump-DeFi

Donald Trump has pledged to turn the U.S. into the “crypto capital of the planet and the bitcoin superpower of the world.” Beyond Trump’s plans to implement industry-friendly policies, which will benefit his own family; how will this shift to digital currency and decentralized finance impact the strength of the U.S. dollar, everyday Americans and the global economy?

During his first term in the White House, Trump said he was “not a fan” of cryptocurrency and tweeted in 2019, “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.” Now Trump says “If crypto is going to define the future, I want it to be mined, minted, and made in the USA.”

Pig butchering crypto scams, often run by Chinese, have netted $75.3bn since January 2020 and defrauded the United States of billions of dollars annually.

$35.46 trillion in debt already, how deep in the red can the United States go before it relinquishes its freedom and ceases to be a sovereign nation?

Beyond enriching himself, will Trump’s crypto play make or break the American economy? Will Trump make Clarence Thomas look like Mother Theresa or stabilize the cryptocurrency industry?

President Trump has his own line of non-fungible tokens, or NFTs, which are digital images fans can purchase for $99, which exist on blockchain technology that underlie cryptocurrency, giving people the ability to buy direct access to the President without public disclosure. Trump pumped the sale of his new crypto token WLFI, telling his followers that it’s a “chance to help shape the future of finance.”

More than 3,700 conflicts of interest occurred during President Trump’s first term in office. What future conflicts of interest can we anticipate and expect with a Republican majority in Congress?

Trump’s business ventures multiply the conflicts of interests and the exposure to more criminal and constitutional problems.

The prices of popular cryptocurrencies plummeted throughout 2022.

Major crypto firms face ongoing criticism the market is rife with scams and consumer abuse. Some cryptocurrency companies and their founders have faced bankruptcy and imprisonment.

Celebrity endorsements from Kim Kardashian, Tom Brady, Gisele Bundchen, Stephen Curry, Matt Damon and Lebron James could not keep FTX (one of the largest crytpocurrency exchanges) and Celsius from bankruptcy.

The U.S. Securities and Exchange Commission has cracked down on the crypto industry, arguing that nearly all cryptocurrencies are unregistered securities and ought to be regulated like traded stocks.

A central issue is whether cryptocurrencies should be tightly regulated as securities or as commodities, a question that has divided federal agencies.

Crypto accounted for nearly half of all corporate money flowing into the 2024 U.S. election to promote politicians (from both parties) favorable to the crypto industry and deregulation. When