Trump accused of committing ‘single most corrupt, self-serving act of any President in American history’

Sen. Adam Schiff (D-Calif) spent the week taking Donald Trump to task on what he called outrageous corruption.

Schiff laid out a long list of items that he said show corruption by Trump and his family, but he said one thing stands out above all else.

Schiff wrote on X that the meme coin is Trump “effectively posting his Venmo account online — inviting cash payments from whoever needs to buy influence.”

Schiff wrote that it was the “single most corrupt, self-serving act of any President in American history.”

He also delivered a takedown of Trump’s meme coin efforts on the Senate floor.

“You have heard about the meme coin by now. This is the logo of the meme coin. The president’s most brazen cashing in,” Schiff said. “A corrupt effort that has already made him and his family billions of dollars between its soaring values and the trading fees. This meme coin has gone up-and-down in value, but the thing is, every time it gets traded, every time it gets bought or sold, this guy gets a cut. He gets the fees. Estimated already at the value of hundreds of millions of dollars. It’s like posting his Venmo account online, inviting personal monetary tributes from foreign powers, foreign investors or anyone else who is willing to pay up. You’ve heard about the private dinner associated with this meme coin. The top 220 meme coin owners, many of whom are foreign investors, invited to a private dinner with the president of the United States. Businesses are buying and jockeying to be one of the favored few who also get a private audience with him if they are willing to buy millions of meme coins, not to mention a personal tour of the White House. But beyond the meme coins and private dinners, there’s also something else brewing behind the scenes. As I speak, Eric Trump and Don Jr. are getting into the action, jetting around the world building their own financial empire in the crypto business space. In Dubai, the Trump family’s World Liberty Financial Firm announced a joint venture capital firm backed by the government of Abu Dhabi that would invest $2 billion using Trump digital currency.

“Now, I know it’s hard to keep all these billions apart,” he added. “You got the $2 billion investment in Jared Kushner by the Saudis. You got $5.5 billion investment by other gulf nations in Trump properties. You got $2 billion here, another $5.5 billion there, another $2 billion here and pretty soon you are talking about serious money for the Trump family. This deal alone will generate hundreds of millions of dollars for the Trump family. So, that’s the ‘Art of the Deal’ with this president. Trump gets rich. You get screwed.”

It will be interesting to see if Trump has a response to Schiff’s accusation.