T****’S ACT OF CORRUPTION
Following President Donald T****’s announcement on 2 March regarding the establishment of a “U.S. Crypto Strategic Reserve,” there have been concerns about potential conflicts of interest. This is because both T**** and some of his advisers have investments tied to the cryptocurrency market.
T****’s announcements have spurred the market upwards. The two major major cryptos, Bitcoin and Ethereum, experienced significant price increases. Bitcoin surged by approximately 20%, Ethereum by 12%. The lesser known Ripple’s value increased 25% after the announcement. The reserve is set to include Bitcoin, Ethereum, Ripple and three other cryptos.
It should come as no surprise that President Donald T*****’s personal cryptocurrency portfolio includes investments in Bitcoin, Ethereum and Ripple.
Corruption is defined as the dishonest or fraudulent abuse of entrusted power for private gain. Let’s just look at this. Is a president entrusted with the power to make decisions such as creating a crypto reserve? Yes, he is. Is this action by Donald T**** dishonest? Because he pointedly has not revealed his personal stake in the crypto market, yes it is. And does this action result in personnel gain for T****? Yes it does.
The syllogistic logic behind this chain of implications is irrefutable; the conclusion is valid. So. Is Donald T****’s creation of a U.S. Crypto Strategic Reserve a corrupt act by a sitting president?
Yes. It is.
#1PathForward