Trump, meme and TACO trade
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Democrats find themselves in familiar powerless territory when it comes to trying to stop President Donald Trump from what they see as potential violations of a constitutional clause meant to prevent presidents from accepting gifts or other items of value from foreign countries without the consent of Congress.
President Donald Trump posted a picture on Truth Social that contains Pepe the Frog, sometimes used as a hate symbol, and uses a QAnon tagline.
3don MSN
The president’s approach to tariffs has spawned a new Wall Street acronym. One easy way to ensure an unflattering nickname has staying power is to act defensive about it. Apparently, the same goes for unflattering acronyms.
SEC Commissioner Hester Peirce said investors shouldn’t expect protection when it comes to meme coins as the agency pulls back from aggressive enforcement.
MSNBC thinks the fact that people have to assess the real risk of goading President Donald Trump points to the bizarro world America is living in right now. On Thursday, in the wake of the new TACO (Trump Always Chickens Out) trade memes flooding the internet,
Rep. Jamie Raskin of Maryland demanded that President Trump turn over the names of the guests at the White House dinner for top investors in his meme coin.
Rep. Jamie Raskin (D-MD) has launched an investigation into President Donald Trump’s meme coin dinner last Thursday and requested the names of the attendees, citing concerns that foreign governments could try to gain favor with the president through cryptocurrency deals.
"TACO trade," which stands for "Trump always chickens out," was coined by Financial Times columnist Robert Armstrong but has since spread across Wall Street and the internet.
White House officials have argued the dinner poses no conflict of interest because the president's assets are in a blind trust managed by his adult sons.
Trump had previously been a harsh critic of cryptocurrency, saying in 2021 that it “seems like a scam,” but he flipped in the following years. He spoke at last year’s bitcoin conference, made a series of promises to support crypto in office and now calls himself “the crypto president.”