On the recordJune 16, 2025
On another topic, over the weekend, President Trump hosted a military parade to celebrate the 250th anniversary of the U.S. Army and, coincidentally, his 79th birthday. Spending up to $45 million of taxpayers' money on this kind of pomp and circumstance, while at the same time proposing a budget to eviscerate medical research for the military and to take health insurance away from 16 million Americans is not a cause for national celebration. Meanwhile, the President's crypto business unfolds. Throughout his first term, President Trump was officially skeptical of crypto currency. In a social media post from July 11, 2019, the President said: I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity. That is a quote from the President in his first term. Once the President figured out how to personally make this part of his investment portfolio, his tune changed. This is how President Trump is using the unregulated crypto industry to enrich himself and his family. Three days before he took office, President Trump launched his meme coin, a novelty item similar to baseball cards or Beanie Babies. Yet they hold no intrinsic value. Meme coins are risky and highly volatile.
Source
govinfo.gov




