How did Trump get rich in his 2nd term? See 47’s ‘scam’ profit scandal

Conflicts of Interest and Ethical Concerns - The report highlights potential conflicts of interest arising from the former president's involvement in cryptocurrency while in office [3][4] - The former president and his family allegedly profited approximately $5 billion USD through a virtual cryptocurrency venture, potentially exceeding their real estate holdings in value [2] - Concerns are raised about foreign money influencing a sitting president through crypto ventures [3] - The former president's actions contradict his claims of being above political pressures due to his wealth [4] - The report suggests the former president may exploit his power to change policy in ways that benefit him and his family's crypto interests [4] Market and Investment Risks - The cryptocurrency industry is described as potentially manufacturing "suckers" and selling investments to working and middle-class Americans that may not be sound [9] - There are concerns about socializing the losses from potential crypto bubbles, potentially leading to a bailout benefiting the former president [10] - The report references the former president's past view of Bitcoin as a "scam" and a threat to the US dollar [13][14] - A stable coin investment linked to the former president is supported by Binance, whose CEO is facing legal issues, raising further concerns [17] Regulatory and Legislative Implications - The former president is described as the "crypto president," potentially influencing crypto-friendly legislation from which his family benefits [6] - The report suggests the former president's involvement could lead to a "Trump put," where he intervenes to protect crypto investments [10]