Keep Factually independent
Whether you agree or disagree with our analysis, these conversations matter for democracy. We don't take money from political groups - even a $5 donation helps us keep it that way.
Fact check: This is the 80th day that a us president is running a backdoor bribery scheme in which any ceo or oligarch can send him crypto in return for favors
1. Summary of the results
The original statement refers to allegations made by Senator Chris Murphy about a "backdoor bribery scheme" involving cryptocurrency [1]. While there is confirmed evidence that Trump launched a cryptocurrency token that reached a value of $15 billion before dropping significantly [2], there is currently no concrete evidence to substantiate the specific bribery allegations [2] [3]. No official investigation has been launched into these claims [3].
2. Missing context/alternative viewpoints
The original statement omits several crucial pieces of context:
- Blockchain Transparency: Critics point out that blockchain transactions are publicly recorded, making secret payments difficult to conceal [3]
- Broader Crypto Involvement: Trump has established significant crypto presence through:
- Creating a crypto exchange called World Liberty Financial
- Launching personal crypto coins
- Receiving millions in crypto industry backing
- Directing the Justice Department to reduce crypto enforcement actions [4]
- Legal Concerns: Public Citizen has urged the DOJ to investigate whether the TRUMP coin violates:
- Federal laws about gifts to government officials
- Constitutional concerns about foreign contributions [5]
3. Potential misinformation/bias in the original statement
The statement presents several potentially misleading elements:
- Timeline Assertion: While the "80 days" claim is specific, it appears to be part of Senator Murphy's allegations rather than verified fact [1]
- Political Division: The issue appears highly partisan:
- Democratic representatives like Gerry Connolly and Maxine Waters have raised concerns about national security implications [6]
- Critics suggest the allegations may be politically motivated, given the lack of concrete evidence [3]
Who Benefits:
- Democrats benefit from pushing this narrative as it raises questions about Trump's integrity
- Crypto Industry benefits from presidential involvement and reduced enforcement
- Media Organizations benefit from the controversy generating engagement
- Political Watchdogs like Public Citizen gain visibility by investigating these claims