Trump’s Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen
“Whether it’s a utility token or a memecoin, it’s not regulated by the SEC,” says Lisa Bragança, attorney at Bragança Law and former branch chief at the SEC. Therefore, to avoid the attention of regulators, Trump need only refrain from fraud and unfair trade practices, she says.
However, experts wonder whether it could have legal implications. Though critics have argued from the beginning that TRUMP could create a pathway for bribery—by investing large sums into the coin, driving up its price, politically motivated actors could theoretically curry favor with the president—the dinner brings the risk of violating emoluments restrictions into stark relief.
“If the government of Yemen buys up oodles of memecoins, we won’t…
