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How Trump is making coin from $TRUMP coin

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Manage episode 484128981 series 2504996
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Just before Trump began his second administration in January, he and his business partners launched the $TRUMP coin. It's a meme coin that quickly raked in hundreds of millions of dollars. And there's a lot of earning potential still left on the table. Is any of this legal?
Today on the show, we examine how the $TRUMP coin works and talk to an expert about how the president's meme coin gambit interacts with the Foreign Emoluments Clause of the Constitution.
Related episodes:
How the memecoin game is played
Did Trump enable insider trading?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Fact-checking by
Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

1827 episodes

Artwork
iconShare
 
Manage episode 484128981 series 2504996
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Just before Trump began his second administration in January, he and his business partners launched the $TRUMP coin. It's a meme coin that quickly raked in hundreds of millions of dollars. And there's a lot of earning potential still left on the table. Is any of this legal?
Today on the show, we examine how the $TRUMP coin works and talk to an expert about how the president's meme coin gambit interacts with the Foreign Emoluments Clause of the Constitution.
Related episodes:
How the memecoin game is played
Did Trump enable insider trading?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Fact-checking by
Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

1827 episodes

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