Trump’s Brazen Crypto Bank Scheme May Be His Sleaziest Yet

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Donald Trump’s rise to power, especially during his second term in office, has changed the political culture of the United States.

He is using the presidency as an instrument for the enrichment of himself and his family that has in fact no precedent in U.S. history. Trump is running the government like a mafia boss.

He has managed to defy accountability by destroying or marginalizing institutions that would rein in his executive power, and in Trump v. United States, the Supreme Court ruled that presidents have absolute immunity from criminal prosecution for actions taken while in office.

Enter Trump’s crypto business dealings as a case in point, from which the president made more than $1 billion last year.

In a move that makes even Vito Corleone look like an amateur, a regulator appointed by the president himself has granted the Trump family-backed crypto firm World Liberty Financial preliminary approval to function as a bank. Sen. Elizabeth Warren commented after the approval: “President Trump is now the first president in history to approve, operate, and supervise his own bank. This is the most brazen act of self-dealing our financial system has ever seen — and Congress cannot allow it to stand.”