Were the Trumps avoiding constitutional violations by launching TRUMP and MELANIA at this time?
The post Were the Trumps avoiding constitutional violations by launching TRUMP and MELANIA at this time? appeared on BitcoinEthereumNews.com.
The Trumps launched the TRUMP and MELANIA memecoins on Solana days to the January 20th inauguration. The TRUMP memecoin surged by more than 10,000%, exploding to a market cap of over $15B, hours after it was unveiled at the ‘invites-only’ black tie ‘crypto ball’ in DC on January 18th. Zack Guzman, founder and host at Coinage, said both memecoins were strategically launched so fast before the inauguration to avoid constitutional violations that could have led to what would be Trump’s second historic impeachment. He termed it as a ‘diabolical’ move that only president-elect Trump was totally capable of. The MELANIA memecoins, which went live a few hours ago, are intended for collecting and entertainment only. From the token’s total supply, 15% was set aside for public distribution, 20% for the community, 10% for liquidity, 35% for team vesting, and 20% for the treasury. The ongoing MELANIA token airdrop will distribute 10M tokens. Trump evades abuse of office charges with pre-inaugration memecoin launch There is a very important reason why the Trumps are launching $TRUMP and now $MELANIA so fast before the inauguration And whether you love Trump or hate Trump, the fact is that waiting another day could’ve opened him up to Constitutional violations & impeachment (again) 🧵 pic.twitter.com/fYw2ZsjTK7 — Zack Guzmán (@zGuz) January 19, 2025 Guzman elaborated that it was unconstitutional for a sitting president to enrich himself through abuse of office. He pointed out that waiting another day could have opened up Trump to constitutional violations and most likely another impeachment. Specifically, the Emoluments Clause which prevents the president from receiving profits or gains from foreign governments is what made these coins interesting, said Guzman. As complicated as the launch of both memecoins was sure to become, Guzman believes one thing is certain, their launch just before Trump…
Filed under: News - @ January 20, 2025 9:20 am