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Christian Science Monitor

Christian Science Monitor

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Business & Economics

Trump meme coins raise money. They also buy access.

Christian Science Monitor
Summary
Nutrition label

78% Informative

Meme coins have become a profitable new business for President Donald Trump ’s family company.

The Trump -branded digital tokens are part of a broader push by the Trump Organization .

The top 220 holders of the $ Trump meme coin, in value, will be invited to a May 22 dinner with the president at Trump National Golf Club in Virginia .

Democrats have criticized the Trump family's various crypto ventures as profiting from the presidency.

Mr. Trump already licenses a range of goods, from books to sneakers, that have generated substantial profits for his political committees and other entities he controls.

The Constitution ’s foreign emoluments clause bars presidents from accepting foreign gifts.

Critics say this amounts to “pay to play” corruption using an untraceable digital currency.

The Senate Banking Committee voted last month to move the bipartisan GENIUS Act for a full vote.

The act would establish clear rules for stablecoin issuers and make it easier to hold and invest in the tokens.

The revelations about the Trump family’s stablecoin transactions led to calls this week for Democrats to block the bill.

VR Score

78

Informative language

75

Neutral language

50

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

19

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