Washington Post columnist Katherine Rampell claimed president donald trump may use his new cryptocurrency, “Trumpcoin,” to accept bribes from foreign governments in Tuesday’s column.

Lamper slams buyers presidential cryptocurrency”, he said, “The challenge now for anyone who buys these coins is that if they want to cash out, they have to find a bigger fool who is willing to spend more money,” claiming, “Trump passed Made his latest billions by deceiving his biggest fans. “

Although Post columnist claims While it’s unlikely there will be a steady stream of retail investors willing to pay higher and higher prices for the tokens, she believes more nefarious buyers will keep order books filled.

Trump sets eyes on White House cryptocurrency czar for first time

President Donald Trump speaks at the Bitcoin Conference 2024 in Nashville, Tennessee, on July 27, 2024. (Getty Images)

“The continuing buyers of Trump dollars over the next four years are likely to come from one reliable source: individuals, companies and foreign governments who want to curry favor with the president,” Rampel said.

The article was headlined: “Trump has found a new way for foreign governments to buy him off: cryptocurrencies.” The subtitle was: “Trump’s cryptocurrency is nothing more than a masterful Ponzi scheme.”

Lampert used an analogy to describe how she thinks these so-called bribes work.

“Saudis no longer have to check into Trump’s hotels — or just pretend to be there — to line the president’s pockets; they can show off their digital wallets to show how much they’ve added to the president’s net worth,” Rampell said. .” After all, every dollar they invest in supporting the value of Trump’s memecoin effectively adds cash to Trump’s bank account, regardless of the terms of the compensation. “

foreign emoluments clauses United States Constitution Provides, “No person holding any office of profit or trust (in the United States) shall, without the consent of Congress, accept any gift, emolument, office, or title of any kind from any person. King, Prince, or foreign State.”

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Washington Post columnist Catherine Rampell claims that Donald Trump’s $TRUMP cryptocurrency may violate the U.S. Constitution’s Foreign Emoluments Clause. ((Eric Barada/AFP))

The columnist also claims that $TRUMP insiders appear to be involved in insider trading.

“Meanwhile, $TRUMP insiders appear to have moved some of their tokens to an overseas trading platform that does not allow trades to be executed in the United States. Perhaps they are positioning themselves outside the reach of the U.S. government,” Rampell said.

period trump inauguration speech On Monday, the president told Americans that “for years, a radical and corrupt institution has drained power and wealth from our citizens.”

Lampert concluded his column by quoting the president, claiming: “Maybe his objections are because the old establishment simply wasn’t tech-savvy enough.”

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The White House did not immediately respond to a request for comment from Fox News Digital.