- Action Collective
- Posts
- 071226 Stop Trump’s Crypto Schemes (Common Cause)
071226 Stop Trump’s Crypto Schemes (Common Cause)
While ordinary Americans like you work hard to keep up with rising costs, Trump is also working hard – to enrich himself and his family.
Trump has used the power of the presidency to hype his “memecoin” – and nearly one million Americans bought it. They paid the ultimate price, losing a combined $3.81 billion when it crashed by 97%. One grandma even reportedly lost 60% of her retirement on the memecoin.
But this is about more than just Trump ripping off his supporters – that's nothing new. This level of presidential profiteering is completely unheard of, and we need to draw a hard line before this rigged system of self-enrichment becomes the new normal.
Right now, Congress is debating a major crypto bill called the CLARITY Act – and Common Cause is demanding they strengthen it with a strict amendment that shuts down this swampy behavior for good.
Action Collective