Trump’s stablecoin is a scam

 

Trump’s crypto scam is spiraling out of control and Americans for Financial Reform (AFR) is leading the charge to expose it and stop it. As I told The Guardian: This isn’t just about a few shady crypto-coins, it’s about rigging the entire system to let Trump and his billionaire cronies get rich while working families are left holding the bag. At AFR we’re fighting forcefully and relentlessly in Congress and in the media with everything we have to change the narrative on cryptocurrencies and stop these scams before more people get ripped off. Working with key leaders, like Sen. Elizabeth Warren and Rep. Maxine Waters, we’re pushing regulators to restore enforcement and mobilizing grassroots outrage to stop Congress from legalizing this looting. If we don't stop them, we will end up with a financial system designed by and for crooks, grifters, and insiders. Donate now to help us stop Trump’s crypto scams, protect consumers, and defend financial justice before it’s too late. DONATE Trump’s crypto scams aren’t happening in a vacuum. They’re part of a broader, dangerous effort to dismantle protections for consumers, destroy transparency in financial markets, and turn the economy into an unregulated playground for the ultra-rich. Trump has stacked federal agencies with cryptocurrency friendly officials, gutted enforcement of anti-fraud rules, and turned the government into a tool for his own personal enrichment. The Trump family is setting itself up to profit from legislation that Congress is fast-tracking to completion. World Liberty Financial, the Trump family's crypto firm, is just getting started. We’ve defeated Wall Street’s worst schemes before, from payday lending rackets to junk fee scams and we can beat Trump’s crypto con too. But we need resources and relentless organizing to build the people power that can match the money Trump’s allies are spending. Fund the fight against Trump’s crypto scams now! Thank you for standing with us in this fight. -Mark Mark Hays (he/his) Associate Director, Cryptocurrency and Financial Technology Americans for Financial Reform Support the campaign

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