The Pathetic Legacy Media’s Attempts to Smear the Trump Family’s Crypto Dealings as Corrupt Fail to Meet Basic Standards
The public had largely become desensitized to political scandals and corruption in Washington D.C., before Trump came into office after winning in 2016. Bill and Hillary Clinton were involved with too many corrupt dealings to name, the Bush family had multiple members affiliated with defense contractors that received huge deals in Afghanistan and Iraq, and Pelosi made over $200 million by repeatedly engaging in corrupt insider deals as Speaker of the House. When President Trump became the 45th leader of the nation, he took unprecedented action to avoid even the appearance of corruption. Trump relinquished control of his companies, he told his family not to engage in international deals, and he put his assets in a blind trust. The President was not required by law to take any of these steps, but went above and beyond the necessary legal and ethical requirements to do them anyway.
Indeed, the Trump family’s net worth has actually increased at a lower rate than that of most Americans since the President originally came into power for his first term, since the S&P 500 and Nasdaq have risen by over 300 percent during that time period. This is why the scrutiny that the same pathetic legacy media networks with declining viewership that constantly promote misinformation are giving the Trump family’s crypto dealings is yet another new low for the failing corporate press. The Trump family formed a company called World Liberty Financial that essentially held a number of crypto coins and did business with these digital currencies. This corporate entity agreed a number of years ago to engage in a routine transaction to sell assets and enter a joint venture with a company called Alt5 Sigma.
The publicly traded company that the Trump family entered into this deal with was regulated by the SEC and was not reported to be under any civil or criminal investigation at the time World Liberty Financial reached this agreement with this corporation. Alt5 Sigma, an entity for which the Trump family has no significant or decision-making role whatsoever, later ran into a number of problems, mostly stemming from one of the chief executives being involved in money laundering issues. There is zero evidence that the Trump family or anyone affiliated with World Liberty Financial had reason to be skeptical of Alt5 Sigma at the time of the deal, and similarly, no facts suggest the President’s sons have anything to do with the struggling corporation either. Finally, there is also no indication that Alt5 Sigma used the firm’s transaction with a Trump-connected company to influence the President or Federal regulatory policy. There is nothing to support the claim that the President or his family engage in any illegal or unethical conduct. Trump has always been a fierce advocate of Crypto, that position has not changed at all with his son’s business dealing.
The contrast between the Trump family’s high ethical and moral standards, compared to the corrupt past dealings of the establishment, is equally telling. The failing corporate media establishment said nothing when Pelosi’s family took part in a multi-million dollar public offering by Visa despite her being the Speaker of the House and in charge of appointing people to committees and subcommittees regulating the card processing company. The entire Biden family also notoriously sold access to both Vice President and President for years as well. The corruption of establishment politicians from both parties was enabled heavily by the refusal of the equally unethical corporate media to look the other way when the press’s favorite liberal politician constantly engaged in this corruption.
There has been an obvious double standard in how the failing legacy media covers President Trump, and how the corporate press has covered up the illicit dealings of corrupt establishment politicians. Even with every deal and action the 45th and 47th President has taken being put under a microscope, Trump not only rose to power, but he earned a second term with his successful time leading the nation from 2016 to 2020. The pathetic legacy media has even been forced to make up claims of corruption and racism about MAGA, as was seen with the Russian and Jussie Smollett hoax stories. Corporate media’s attempt to portray Trump’s business dealings negatively is another sad chapter in a long line of failures by a liberal institution that has lost all credibility with most of the public.
