Washington Post columnist suggests Trump may use his crypto token to take foreign bribes

Washington Post columnist Catherine Rampell alleged that President Donald Trump whitethorn usage his caller cryptocurrency, called $TRUMP coin, to instrumentality bribes from overseas governments successful a file connected Tuesday.

Rampell slammed buyers of the president's cryptocurrency, saying, "The situation present for anyone who bought these coins is that if they privation to currency out, they person to find a greater fool consenting to wage more," claiming, "Trump has made these latest billions by fleecing his biggest fans."

Although the Post columnist claimed that it's improbable that determination volition beryllium a dependable watercourse of retail investors consenting to wage higher and higher prices for the coin, she is assured that much nefarious buyers volition support the bid books filled.

TRUMP EYES FIRST-EVER WHITE HOUSE CRYPTO CZAR

President Donald Trump speaks astatine the 2024 Bitcoin league successful Nashville, Tennessee, connected July 27, 2024. (Getty Images)

"For the adjacent 4 years, determination whitethorn beryllium 1 reliable root of ongoing $TRUMP buyers: individuals, companies and overseas governments that privation to curry favour with the president," said Rampell.

The header of the portion charged: "Trump finds a caller mode for overseas governments to wage him off: Crypto." The sub-headline read: "Trump’s crypto coin is small much than a whizbang Ponzi scheme."

Rampell included an analogy that described however she believes these alleged bribes would work.

"The Saudis nary longer request to enactment astatine 1 of Trump’s hotels — oregon simply unreal to — to enactment the president’s pockets; they tin flash their integer wallet to amusement however overmuch they’ve boosted his nett worth," said Rampell, adding, "After all, each dollar they enactment into propping up the worth of Trump’s memecoin volition efficaciously adhd currency to Trump’s slope account, emoluments clause beryllium damned."

The Foreign Emoluments Clause of the U.S. Constitution states, "[N]o Person holding immoderate Office of Profit oregon Trust nether [the United States], shall, without the Consent of the Congress, judge of immoderate present, Emolument, Office, oregon Title, of immoderate benignant whatever, from immoderate King, Prince, oregon overseas State"

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Washington Post columnist, Catherine Rampell, alleged that Donald Trump whitethorn beryllium violating the Foreign Emoluments Clause of the U.S. Constitution with his $TRUMP cryptocurrency. ((Eric BARADAT / AFP))

The columnist besides alleged that $TRUMP insiders look to beryllium engaging successful insider trading.

"Meanwhile, $TRUMP insiders look to already beryllium transferring immoderate of their tokens to an overseas trading level that is not allowed to execute trades successful the United States. Perhaps they’re positioning themselves to basal extracurricular the U.S. government’s scope anyway," said Rampell.

During Trump's inaugural speech connected Monday, the president told Americans that "for galore years, a extremist and corrupt constitution has extracted powerfulness and wealthiness from our citizens."

Rampell ended her file by turning this punctuation connected the president, claiming, "Perhaps his objection was that the aged constitution simply wasn’t tech-savvy enough."

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The White House did not instantly reply to Fox News Digital's petition for comment.