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Watchdog: Trump Media Jumps Into Crypto Grift Game Day After Trump Administration Jeopardized Health Care and Aid Services for Millions of Americans
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Washington D.C. – Government watchdog Accountable.US blasted President Trump’s warped priorities of further enriching himself while seeking to raise costs on millions of Americans in need. Shares in Trump Media are reportedly “surging” this morning after the Donald Trump majority-owned company announced its expansion into financial services, including cryptocurrency and exchange-traded funds (ETFs). The announcement comes just a day after the Trump administration declared a widescale federal funding freeze that seeks to indiscriminately cut off resources that families and communities depend on. A federal judge temporarily blocked the order, but the damage has already been done, including shutting down Medicaid portals in all 50 states and disrupting access to critical aid, from veterans’ housing and community health centers to Meals on Wheels for seniors.
“Just days into his presidency, Donald Trump is busy rolling out new vehicles to make himself richer while running further away from his promises to lower costs of working families,” said Accountable.US Executive Director Tony Carrk. “Adding insult to injury, the President’s deeper involvement in the largely unregulated cryptocurrency game that is a black hole for potential corruption comes as his administration is doing everything it can to rip aid from millions of most vulnerable Americans, including homeless veterans, sick children, and food insecure seniors. The president should have fully divested from the Trump Media company months ago given the limitless opportunity for corruption at the public expense. Instead, he’s pushing new boundaries to make billions of dollars for himself, his family, and wealthy investors with their own agendas – all under the cover of the shadowy crypto markets. The sky is officially the limit on what the President will try to get away with.”
Trump Media’s entry into the crypto grift game comes on the same day the President’s nominee for Commerce Secretary, Howard Lutnick, appears for his Senate confirmation hearing while maintaining his own conflicts of interest in crypto.
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