Republicans look the other way as Trump profits off crypto cash grab

Summary

Donald Trump has launched a cryptocurrency, $TRUMP, sparking ethical concerns as he profits directly from purchases.

Critics, including Sen. Elizabeth Warren, warn this creates conflicts of interest, with Trump benefiting from a largely unregulated industry while overseeing federal crypto policies.

The move, coupled with First Lady Melania’s $MELANIA coin, led to financial losses for some supporters.

Some Republicans dismissed the issue as free-market risk, while Sen. Richard Blumenthal argued it may violate the Constitution’s emoluments clause.

GOP lawmakers remain focused on Biden-related investigations, ignoring Trump’s ventures.