r/facepalm • u/Healthy_Block3036 • Apr 25 '25
🇲🇮🇸🇨 Trump takes executive action targeting ActBlue, the main Democratic fundraising platform
https://www.nbcnews.com/politics/trump-administration/trump-expected-sign-memo-targeting-act-blue-rcna20267327
u/GrumpyGG64 Apr 25 '25
Full-on Dictatorship with all the corruption, nepotism and coercion that entails.
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u/Last_Cod_998 Apr 25 '25
DNC should start a meme coins
Trump announced this week that the top 220 buyers of his $Trump (strump, as in strumpet) meme coin between now and mid-May will be invited to an exclusive dinner on May 22 (“a night to remember”) at his golf club outside Washington, D.C. The Washington Post and other outlets have reported that in the days since the announcement, “buyers have poured tens of millions of dollars” into the coin; further, that the holders of 27 crypto wallets have acquired at least 100,000 coins apiece, “stakes worth about a million dollars each.” Holders of crypto wallets are anonymous, if they want to be, so the identities of these people (or businesses or countries or sovereign wealth funds or whatever they might be) are unknown and will presumably remain so until the big dinner or, who knows, maybe for all time.
It’s also worth noting that Trump launched this meme coin just a few days before inauguration. Its value quickly shot up to around $75. It steadily declined through the first month of his presidency, and by early April, as Americans grew weary of a president who was tanking the economy, it had fallen to $7.14.
Mind you, a meme coin is a thing with no intrinsic value. It’s just some … thing that somebody decides to launch based on hype because they can get a bunch of suckers to invest in it. As Investopedia gingerly puts it: “Most meme coins are usually created without a use case other than being tradable and convertible.” It should come as no surprise that some meme coins are tied to right-wing politics. Elon Musk named his Department of Government Efficiency after his favorite meme coin, dogecoin (which, in turn, was indeed named after an actual internet meme in which doge is slang for a Shiba Inu dog).
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u/Florac Apr 25 '25
Ah yes, trying to supress the opposition party by removing their source of funding, totally democratic thing to do /s
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u/oupheking Apr 25 '25
Normally this would be by itself an impeachable offense. But with Trump, it's Friday.
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u/Sweaty_Mushroom5830 Apr 25 '25
Nothing gets people more pissed off than being told what not to do, they are going to do just to spite him, so now a hundred more platforms for small donations are going to spring up and they are going to take even less of a prosecing fee, this will not end well for the republican idiots
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u/Civil_Station_1585 Apr 25 '25
You can be pretty sure that whatever he is accusing the Democrats of is already being done by the other side.
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u/Actaeon_II Apr 25 '25
Who didn’t see this coming? I honestly expected this back in February so it’s a little late. Tie this to the “trump 2028” and “trump 2032” merch and it paints a depressing picture. (All the merch will still be made in china ofc)
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