Barging Your Way into Power: Freight Technologies' Risky Crypto Ploy
Freight Company Petitions SEC for Millions in TRUMP Funding to Secure Presidential Access
In the realm of shady deals and questionable tactics, Freight Technologies Inc., a North American shipping company, is delving deep. In a brazen move, CEO Javier Selgas publicly announced their intentions to fork out an eye-popping $20 million on Trump's memecoin, $TRUMP.
The audacious goal? Influencing Trump's tariff policies through a funding spree masked as a crypto investment. The company's unapologetic ambition is laid out in a Securities and Exchange Commission filing, revealing that they've tapped into an institutional investor for an initial purchase of $1 million in $TRUMP, with options for an additional $19 million.
In other words, Freight Technologies is leveraging debt to secure a coveted invite to the Gerald Ford White House. They're not skulking around either - Selgas outright stated in a press release that the crypto purchase is a "promotion of productive and active commerce between the United States and Mexico."
But wait, there's more! The Trump Coin team has promised a private dinner with Trump for the top 220 holders of the $TRUMP token, complete with a VIP reception and tour for the top 25 - setting off alarms for anyone who believes that tapping into presidential pocketbooks shouldn't grant you a White House visit.
The Trump Coin top dog, Justin Sun (the founder of crypto platform TRON, who's been investigated by the SEC for alleged price manipulation in his cryptocurrency), currently hoards about $1.2 million in $TRUMP, making him one of the only two people with over $400,000 in the token.
Trump, ever the pushover, conveniently feigns ignorance. During an NBC News' Meet the Press appearance, he remarked, "I haven't even looked" when asked if he's profited off his cryptocurrency. Despite his apparent cluelessness, around 80% of all $TRUMP coins are already owned by two entities: CIC Digital, an affiliate of the Trump organization, and Fight Fight Fight LLC, which is co-owned by CIC Digital.
The rest is history - or rather, a repetition of history. Trump's always been about deals, and now he's just doing them on the blockchain. But beware, Freight Technologies; your brazen move could set a dangerous precedent. Lest we forget the perils associated with wielding crypto to steer policies:
- Conflict of Interest: Influencing policies for crypto gains could skew the president's decisions away from the public's interests.
- Campaign Finance Evasion: Utilizing cryptocurrencies could bypass campaign finance laws and funding limits.
- Regulatory Capture: Overrun by the interests of powerful entities, policies might be shaped to favor specific industries.
- Undermining Sovereignty: Encouraging crypto influence could destabilize financial markets and erode public trust in authorities.
- Corruption: Carrying out covert transactions could lead to corrupt practices and bypass accountability mechanisms.
Freight Technologies, your grab for power might just be the start of a slippery slope, or worse - a disaster. Choose your battles wisely!
- The future of political decision-making could be under threat with the use of technology, as seen in Freight Technologies' move to invest in $TRUMP, a crypto coin, potentially influencing Trump's tariff policies.
- In the realm of business and finance, the use of digital currencies like $TRUMP in Browjay Selgas's plan could potentially evade campaign finance regulations and funding limits.
- As the tech sector continues to grow, instances like Freight Technologies' attempt to influence policies could lead to regulatory capture, overrunning policies and authorities by the interests of powerful entities.
- The increasing use of cryptocurrencies in transactions, as demonstrated by Freight Technologies' move, could potentially undermine sovereignty, destabilizing financial markets and eroding public trust in authorities.
- In the face of such risks, it's crucial to maintain accountability and transparency, to mitigate the corruption that might result from covert transactions, like those made by Freight Technologies in their pursuit of political influence via crypto investments.