AXIOS: The only thing that can limit President Trump’s ability to profit from power is imagination
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2025-01-22 21:02 7,566
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Golden Finance reported that on January 22, the well-known foreign media "AXIOS" published an article saying that in just eight hours on Inauguration Day, Trump and Biden expanded the president's huge public and private powers to areas that were once unimaginable. To the extent that while presidents have always pardoned, disbursed, or protected friends, family, and allies, it's just never been done so broadly, so blatantly, so quickly, and with public disapproval. (The two pardoned a series of controversial figures before leaving and taking office)
"AXIOS" stated that Trump recently tested the new limits of presidential power by launching a meme coin, TRUMP, which made him a cryptocurrency billionaire two days before the inauguration. Cryptocurrency insiders worry that TRUMP and the hasty launch of the MELANIA meme coin could undermine the credibility that the scam-plagued industry has worked hard to build over the years. It’s worth noting that Trump was once skeptical of cryptocurrencies until the 2024 campaign.
What most Americans don't realize is that there are essentially no restrictions on a president profiting from his power through new ventures or business deals. Thanks to Supreme Court rules, presidents also enjoy immunity for "official acts" if they are accused of exceeding any legal boundaries. As a result, Trump and his family can make billions of dollars from global deals, new businesses, and new currencies, funding the family and even the political movement for a generation. And the only thing that can limit them is imagination.