Wednesday, June 18, 2025

‘I have never seen such open corruption’: Trump’s crypto deals and loosening of rules shock observers; The Guardian, June 17, 2025

   , The Guardian; ‘I have never seen such open corruption’: Trump’s crypto deals and loosening of rules shock observers

"“Self-enrichment is exactly what the founders feared most in a leader – that’s why they put two separate prohibitions on self-benefit into the constitution,” said former federal prosecutor Paul Rosenzweig. “Trump’s profiting from his presidential memecoin is a textbook example of what the framers wanted to avoid.”

Scholars, too, offer a harsh analysis of Trump’s crypto dealings.

“I have never seen such open corruption in any modern government anywhere,” said Steven Levitsky, a professor of government at Harvard University and an expert on authoritarian regimes who co-authored the book How Democracies Die.

Such ethical and legal qualms don’t seem to have fazed Trump or Sun."

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