TRUMP Meme Coin May Function as Political Bribe Mechanism, Ex-UK MP Warns

Former UK Minister of State Rory Stewart said today that Trump’s meme coin allows campaign contributions without the required financial disclosures.

Stewart discussed the topic on a podcast he co-hosts, denouncing Trump’s use of meme coins for private gain as a “disgusting” form of corruption.

In an episode of his “The Rest is Politics” podcast aired this morning, Stewart outlined how Trump’s meme coin can be used to make campaign contributions, arguing that it’s a novel way for influential figures and prominent businesses to influence Trump’s political decisions. 

Stewart posited that because the crypto industry in the US remains largely unregulated, Trump can receive these contributions without any financial accountability.

“He doesn’t declare any of the money that comes in, he doesn’t declare any of the revenue he gets out of it. But what it is is an amazing way of making campaign contributions,” Stewart said on the podcast.