The creation of the trump coin is a signal to the crypto community that the SEC will stop going after crypto companies. I have read alot of people who ended up going into crypto and some even getting lucrative investment from Andreeson horowitz, lightspeed, etc etc. And then one day, they get a letter in the mail saying they are now a Politically Exposed Entity (PEE). Then all of their banks drop them, they can't get credit and they can't get loans. The SEC put out a letter saying "Come work with us", and when the founders tried, they would become a PEE instantly. There was no recourse with the SEC, and many smart people ended up completely losing their lives. The only way they could get back to 'real' life, was by trying to go into a different industry and 'avoid the eye' which was, who knows?
Now, as the trump + melania coin acting as a grift, instead of "alternative funding mechanism". I mean, you could already 'donate' directly to the president, and even get a tax writeoff for it. Atleast this way you'll have to pay capital gains. You could already pay $1m to get a audience with the president, how is this any different? Hunter Biden made multi-million dollar deals, and got paid 50k a month for a being on various boards... despite being a known drugie.
the "Top 200 holders" get a dinner with the president. Not saying it's better or worse, just saying it's pretty much the same thing that every president has had access to.
It's not that i entirely believe all of this, but i would like to provide some counter weight to all the comments that are all just parroting "Grift".
Shouting over and over again, “This is normal” doesn’t make something morally acceptable.
If any of this is (arguably) normal we should tear down the systems that support these norms. They are bad norms. The solution is never, “Welp, people are corrupt, what can you do?” You start making changes in the legal system. Because if you don’t you’re giving the country away as though there were no other course of action.
> I mean, you could already 'donate' directly to the president, and even get a tax writeoff for it.
What? Campaign donations are not tax exempt.
> Hunter Biden made multi-million dollar deals, and got paid 50k a month for a being on various boards... despite being a known drugie.
Musk is also a "known druggie"; his ketamine habit is self-admitted, and he smoked pot on Rogan. (Briefly risking his contracts, even!)
> the "Top 200 holders" get a dinner with the president. Not saying it's better or worse, just saying it's pretty much the same thing that every president has had access to.
Not in the slightest. There are legal limits on how much money you can give the President.
donations to affiliated NGOs (non-governmental organizations) are tax-deductible.
>Musk is also a "known druggie"; his ketamine habit is self-admitted, and he smoked pot on Rogan. (Briefly risking his contracts, even!)
Taking a microdose of ket under medical supervision, and taking a hit of weed which is legal in alot of states is not the same "Smoking crack every 15 minutes" as hunter said he did.
>Not in the slightest. There are legal limits on how much money you can give the President.
You aren't giving any money to the president here. It's a way for the president to provide utility to the coin. The coin has a vesting schedule, locking the coins so they can't be sold by the insiders.
> donations to affiliated NGOs (non-governmental organizations) are tax-deductible
Only if they're tax exempt NGOs. Which affiliated NGO do you propose?
> Taking a microdose of ket under medical supervision, and taking a hit of weed which is legal in alot of states is not the same "Smoking crack every 15 minutes" as hunter said he did.
(I'm… pretty doubtful Musk is actually microdosing.)
> You aren't giving any money to the president here.
Per the article: "A Trump business entity owns 60 percent of World Liberty, according to the company’s website, and is entitled to 75 percent of certain revenue from coin sales, which could be converted into cash."
Now, as the trump + melania coin acting as a grift, instead of "alternative funding mechanism". I mean, you could already 'donate' directly to the president, and even get a tax writeoff for it. Atleast this way you'll have to pay capital gains. You could already pay $1m to get a audience with the president, how is this any different? Hunter Biden made multi-million dollar deals, and got paid 50k a month for a being on various boards... despite being a known drugie.
the "Top 200 holders" get a dinner with the president. Not saying it's better or worse, just saying it's pretty much the same thing that every president has had access to.
It's not that i entirely believe all of this, but i would like to provide some counter weight to all the comments that are all just parroting "Grift".