Toot

Written by ⚯ Michel de Cryptadamus ⚯ on 2025-01-20 at 17:56

@petealexharris @SueDiOh

If he profits from selling it to foreigners I believe it would.

he doesn't have to profit for it to be an emolument. selling a distressed asset to a saudi prince for less than you paid for it is still absolutely an emolument.

but the emoluments clause is dead letter law at this point. sure it's still there in the text but the judicial and legislative branches have made it crystal clear that it will never be enforced. even if it were enforced the only enforcement could be through impeachment which is a political not judicial process.

it's basically like the comstock act or other laws that are still technically on the books but (at least before today) any prosecution based on them would be tossed out by the courts. so it's kind of wrong to say it's still the law.

either way the on chain data puts trump's actual realized gains (not paper gains) at something like:

  1. $377-500 million in TRUMP token sales

  1. $68 million earned in trading fees on TRUMP

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