Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

highplainsdem

(56,283 posts)
Sat May 3, 2025, 04:10 PM May 3

Company Boasts Spending Up To $20 Million On Trump Crypto Coin To Buy Influence

This is hours too old for LBN, or I'd post it there.

https://www.huffpost.com/entry/trump-coins-freight-influence_n_68153967e4b03d516aad99d3

WASHINGTON — An international trucking logistics firm is buying as much as $20 million worth of President Donald Trump’s crypto coins to influence the administration’s trade policy — the precise sort of quid-pro-quo arrangement that corruption experts warned Trump was encouraging when he unveiled his venture.

Freight Technologies Inc. CEO Javier Selgas said in a Wednesday news release that buying Trump coin would be “an effective way to advocate for fair, balanced and free trade between Mexico and the U.S.”

The release was attached to a filing that same day with the Securities and Exchange Commission explaining why Freight Technologies was issuing bonds. “The company will use the net proceeds from the offering to purchase TRUMP coins,” the company told the SEC.

“It’s just another day for Donald Trump that an international freight company is paying a $20 million tribute towards the Trump family fortune after openly wishing it will lead to administration tariff relief,” said Tony Carrk, executive director of Accountable.us. The watchdog group discovered Freight Technologies’ plan through a social media post bragging about it by GetTrumpMemes.com, the company that sells the Trump coins.

-snip-



Found thanks to a Bluesky post from George Conway minutes ago:



George Conway 👊🇺🇸🔥
@gtconway.bsky.social‬

Nothing important here. Just a publicly-traded company disclosing to investors that it’s attempting to bribe the President of the United States by buying his cryptocurrency in order to influence his trade policy.
5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Company Boasts Spending Up To $20 Million On Trump Crypto Coin To Buy Influence (Original Post) highplainsdem May 3 OP
K & R Nevilledog May 3 #1
Nothing matters to this iteration of assholes Blues Heron May 3 #2
Money does. Initech May 3 #4
US official federal policy is determined by who makes the biggest bribes. Irish_Dem May 3 #3
This is so over the top and in your face I have to seriously entertain the idea that this company is trolling Trump AZJonnie May 3 #5

Initech

(104,990 posts)
4. Money does.
Sat May 3, 2025, 04:32 PM
May 3

The only reason this bullshit administration got into power was because the media took a giant dump on Biden for the economy. Because this tariff bullshit is so much better isn't it?

AZJonnie

(829 posts)
5. This is so over the top and in your face I have to seriously entertain the idea that this company is trolling Trump
Sat May 3, 2025, 05:47 PM
May 3

This story is really only meaningful if the company have some evidence that this $20M was actively solicited by someone working for/with the regime. And Lordy, I hope there are tapes! Without that, this story only evidences that the company themselves have corrupt intent (and it might've even been illegal for them to state this intention, esp. in an SEC filing), it doesn't prove IQ47 is doing anything wrong.

Latest Discussions»General Discussion»Company Boasts Spending U...