BlockBeats News, January 22nd. Well-known media outlet AXIOS reported that within just eight hours on Inauguration Day, Trump and Biden dramatically expanded the immense public and private power of the presidency to levels once unthinkable. Although presidents have always had the ability to pardon, grant favors, or protect friends, family, and allies, no one has done so as extensively, brazenly, and rapidly as this, and the public seems unfazed. (Both individuals pardoned a series of controversial figures before leaving office and taking office, respectively)
AXIOS stated that Trump recently tested the new limits of presidential power by launching a meme coin called "TRUMP," which made him a cryptocurrency billionaire just two days before the inauguration. Industry insiders are concerned that TRUMP and the hastily launched MELANIA meme coin could undermine the credibility that the industry has worked hard to build over the years to combat scams. It is worth noting that Trump has been skeptical of cryptocurrency until his 2024 election campaign.
Most Americans are not aware that the president has virtually no limits on profiting from their power through new business ventures or commercial transactions. Due to Supreme Court rulings, if the president is accused of exceeding any legal limits, they also enjoy immunity for "official acts." Therefore, Trump and his family can earn billions of dollars through global transactions, new ventures, and new currencies, providing funds for the family and even the political movement for a generation to come. The only thing that can limit them is their imagination.