Donald Trump has launched his own cryptocurrency named “The Trump Coin,” which quickly soared in value. MSNBC’s Ari Melber reports. (The Beat's YouTube playlist: https://msnbc.com/ari Ari: / arimelber Beat merch: www.msnbc.com/Beat5)
“Government efficiency” is the watchword of the moment, with President Donald Trump making Elon Musk a leader of an advisory commission named the “Department of Government Efficiency.” The acronym, DOGE, is inspired by a jokingly named crypto coin Musk has long celebrated and profited from. While the Musk-led DOGE project claims to be about increasing efficiency in government , DOGE-like meme coins could be used to help politicians carry out corruption more efficiently.
There was no shortage of smoke suggesting that fires of corruption burned during Trump 1.0. However, even a summary of worrisome facts from the indefatigable corruption watchdog group Citizens for Responsibility and Ethics in Washington did not lead to any allegations of life-altering gains by the Trump family during his first term. But accumulating more money in 24 hours than he had in his entire life is different — and worrisome.
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