Contact: Emily Leach, eleach@citizen.org
Washington, D.C. — On Thursday, Donald Trump appeared to promote a family cryptocurrency project on the social media platform he owns, Truth Social.
Robert Weissman, Public Citizen co-president, said:
“The Scammer-in-Chief is at it again.
“Donald Trump and his family are promoting a family cryptocurrency project, once again trying to exploit his public profile for personal gain.
“It’s bad enough that Trump is luring people — primarily his own supporters — into a rip-off, Ponzi-scheme business. It’s pathetic and outrageous that he tries to channel people’s legitimate anger against banks and financial elites into his own personal grift.
“Worst of all, campaign support from Crypto Bros and, now, an opportunity to scam everyday Americans have led Trump to flip his position on the industry, with dangerous potential consequences if he’s elected.”