Trump Family Has Made over $1B in Profit on Crypto

Re:Trump Family Has Made over $1B in Profit on Crypto by OutOfHere on Thursday October 16, 2025 @02:46PM (#45609163)

It was known well in advance that those making big contributions to his reelection campaign, e.g. as did the oil and gas industry, also the cryptocurrency industry, will receive major favors as they have. Memecoins were just an extension of the approach in a post-victory setting. To my knowledge, it's all legal.

For the future, I wonder if it would be better or worse to eliminate almost all powers from the President's authority, giving him an elevated position mostly just in name, with most decisions being made by Congress. It has its pros and cons, but it's the safer choice.

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Re:Trump Family Has Made over $1B in Profit on Crypto by lesuorac on Thursday October 16, 2025 @03:38PM (#45609777)

I think the main pro is that you can't have these arguments of the president being hamstrung by congress.

There's a very common trend of a president campaigning on something and then never delivering as president.

I don't think we'd see much difference in terms of corruption though if Trump was elected by people or congress. The heads of agencies and etc were all confirmed by congress and those agencies are turning a blind eye.

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Re:Trump Family Has Made over $1B in Profit on Crypto by OutOfHere on Thursday October 16, 2025 @03:57PM (#45609985)

OK but I was referring not to his election but to the significant post-election power that he has. If much of this power were to be stripped from his role, then yes he would be hamstrung, but any damage would also be limited.

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Re:Trump Family Has Made over $1B in Profit on Crypto by lesuorac on Thursday October 16, 2025 @07:12PM (#45611781)

Ok, but then he's appointed Prime Minister as well as elected to President and nothing changes?

Like the current congress could impeach him whenever they wanted. The fact that they don't (and voted for BBB) is enough proof to me that they'd vote him as prime minister.

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Re:Trump Family Has Made over $1B in Profit on Crypto by OutOfHere on Friday October 17, 2025 @06:57AM (#45615244)

Voting him as their leader is very different from him getting to make all the policy decisions, in contrast with Congress making those decisions.

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Re:Trump Family Has Made over $1B in Profit on Crypto by jerlam on Thursday October 16, 2025 @03:22PM (#45609592)

So a parliamentary system? Pretty common in Europe.

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