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BumRushDaShow

(155,146 posts)
Sat May 24, 2025, 08:00 PM May 24

Trump may have skirted the law addressing his crypto investors using the presidential seal [View all]

Source: The Independent

Saturday 24 May 2025 15:36 BST


President Donald Trump addressed top investors in his family’s cryptocurrency operation on Thursday night from a podium emblazoned with the presidential seal in apparent violation of federal law. The prominent appearance of the seal as Trump pitched his $TRUMP meme coin at an exclusive dinner at one of his golf courses made it appear that the federal government was somehow linked to the private business.

Under federal law, the presidential seal can’t be used in such a way that could “convey a false impression of sponsorship or approval” by the government. Breaking the law is punishable by up to to six months in jail. The president held the big-bucks dinner — which drew derision for its bleak entrees — at the Trump National Golf Club in Virginia to reward the top 220 investors in his meme coin. He flew to the event in the Marine One helicopter, which also made it appear that the dinner was an official presidential occasion.

Trump has openly plugged cryptocurrency schemes officially run by sons Eric and Donald Trump Jr that are now reportedly a significant source of the president’s family’s wealth.Investors invited to the dinner – who participated in a kind of spending lotto since they had to compete to be the biggest payers – spent a total of $394 million on the $TRUMP cryptocurrency for access to the president, according to NBC News, citing blockchain analytics company Nansen.

The sky-high prices, however, were no guarantee of a good meal, however. “The only good thing was the bread and butter,” TikTok personality Nick Pinto told Wired. A significant portion of the investors were from countries outside the U.S., alarming critics who fear the investments can essentially serve as bribes for Trump favors not in the best interest of the U.S.

Read more: https://www.independent.co.uk/news/world/americas/us-politics/donald-trump-federal-law-crypto-investors-presidential-seal-b2757092.html



From the OP excerpt -

Under federal law, the presidential seal can’t be used in such a way that could “convey a false impression of sponsorship or approval” by the government. Breaking the law is punishable by up to to six months in jail.


And all of those sudden cuts in Congressionally-appropriated funds without Congressional approval as well as all the employee layoffs, have been "illegal" too. But...
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