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[link removed] [[link removed]] John,

Donald Trump has been president for three weeks, and the ethical problems in his second administration are already piling up. Here at CREW, we’ve been tracking a major story that hasn’t gotten as much attention, but we’d like to explain…

Let’s talk about Donald Trump and cryptocurrency.

There are at least three ongoing conflicts of interest related to cryptocurrency for the Trump administration. They are:

* the creation of official cryptocurrencies TrumpCoin and the Melania meme coin,
* the use of Trumpcoin as legal tender to purchase products in certain Trump-affiliated or Trump-themed stores, and
* the activities of World Liberty Financial, Trump's cryptocurrency company.

The conflicts of interest created by Trumpcoin and Melaniacoin are very similar to the conflicts created by the public trading of Trump Media [[link removed]] that CREW previously reported on. The fact that the Trump family owns the majority of both of these cryptocurrencies creates the opportunity for those seeking influence to inflate Donald Trump’s net worth [[link removed]] by purchasing large amounts of the currency.

This conflict is made even worse by the fact that, due to the anonymous nature of cryptocurrencies, purchases of large amounts of Trumpcoin and Melaniacoin by people seeking favors could be completed without public awareness of who is buying the favor , helping them escape accountability and scrutiny.

Now, Trump has even begun accepting Trumpcoin as payment in exchange for products from his official merchandise store, allowing him to profit twice.

And that’s not all John. In September Trump also created World Liberty Financial, a cryptocurrency company [[link removed]] .

The company, which invests in a wide range of cryptocurrencies and issued its own token “WLFi,” has created yet another structure for people to transfer their money to Trump. In an innovative touch, it creates two distinct opportunities to do so, whether through direct investment in WLFi or investment in the cryptocurrencies World Liberty owns to indirectly inflate the value of WLFi tokens. Regardless, the end result is the same: Donald Trump’s net worth is inflated, offering a chance to curry favor with the president.

John, there seems to be no end to Donald Trump’s willingness to profit off of his presidency. But at CREW, we’re determined to hold him accountable. Can we count on you to join our team today and support out work? [[link removed]]If you've saved your payment information with ActBlue Express, your tax deductible donation will go through immediately to ActBlue Charities Inc. and be disbursed to CREW within 30 days:

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Thank you,

CREW HQ
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