The trucking logistics giant from Monterrey, Mexico, was named Javier Selgus, and didn’t have to direct a crypto-cash rig towards Trump Tower on New York’s golden avenue, but he might have one too.
Selgas, CEO of Freight Technologies Inc., a cross-border trucking concern, said his company recently purchased $20 million worth of Trump Memecoin.
How do you know this? Selgus said so himself, both in his public news release and in related filings with the Securities and Exchange Commission, which required the international company to sell bonds to invest in Trump’s family coins. The CEO said the $20 million purchase would be “an effective way to defend fair and balanced free trade between Mexico and the United States.”
Certainly it could be. After an assassination attempt in Butler, Pennsylvania last July, a massive investment in the $Trump Coin of a Mexican entrepreneur, featuring his famous “battle” gesture, appears to guarantee an unprecedented invitation to Selgus. The president recently announced that the top 220 owners of the $220 Trump Meme Coin were invited to dine with him on May 22nd at the Virginia Golf Course, with the top 25 winning exclusive FaceTime on Potus 47.
Thus, the $20 million foreign billionaire to burn on meme coin can personally sue his case for relief from the 25% tariffs the Trump administration imposed on Mexican goods earlier this year. Daily American shrubs who can’t afford a $25 margarita or can’t find a doll for their daughter on barren store shelves, could not dream of such access.
This surprisingly brave case of the 2025 presidential sales (as monitored by the SV dates of groups Accountable.us and Huffpo) was probably a national story of a major breakthrough, but perhaps not for a few reasons.
On the one hand, the $20 million windfall was not the biggest or most suspicious foreign investment in “Trump.” This week – Not a long shot. In Dubai, the Trump family’s cryptocurrency venture, called World Liberty Financial, another business with Memecoin – concerns backed by Abu Dhabi’s oil dictatorship, have announced that it will purchase $2 billion in digital coins to close a deal with troubled top crypto companies regulated by the Trump administration.
Co-founder of World Liberty Financial – perhaps not coincidentally Zach Witkoff is also not the son of Trump’s incredible Middle Eastern envoy, Steve Witkoff.
Meanwhile, a massive scandal, which includes a web of disputes between the rise in Trump family business ventures and his government’s deals over his government’s tariffs, is extremely brave, extremely brave, and the institutions tasked with stopping this level of grafting seem unoverwhelmed when not corrupted. Instead, what should be a bigger scandal than Watergate came across one big “American shrugs.”
why?
This is the famous president during the 2016 campaign, “Would you ever be able to stand in the middle of Fifth Avenue and shoot someone and lose a voter?” At least in a parsimony, this proves to be the truth that Trump has emanated from the campaign podium so far. But why deal with messy bloodstains on the asphalt of Manhattan’s main shopping arteries when there are millions, perhaps billions, perhaps billions, and perhaps billions of dollars that can be put in your pocket instead?
Corruption of Trump’s first presidency – foreign lobbyists, out-of-town hopes and government-supported Secret Service agents kept his hotels and resorts above the water, but neither had precedent, but was also a gentle spring training for those who came to Trump 47.
Foresights have come faster – $2 billion in Saudi Arabia investment in his son-in-law Jared Kushner (the major Middle Eastern envoy between Trump 45), a vague new hedge fund, and the rise of Trump’s $1 billion media has raised and confirmed Trump’s billionaire status despite the company’s big losses and the big losses in the future.
Before Trump discovered the code, he nailed him very correctly when he told Fox Business Channel in 2021 that a product like Bitcoin saw him as a “scam”, but in 2024 he seemed to wonder why he wasn’t involved in it. He ran for the second term, promising that Crypto’s Mega-Campaign donors curb their industry and that Gobsmack imagined a Good-Government watchdog along with his own Crypto Ventures.
Last Tuesday, the New York Times, the 100th day of Trump’s new presidency, announced an astounding investigation into one of these schemes, World Liberty Financial, as well as a brave effort to seek millions of dollars pay to ensure access or approval from Trump’s world.
For businesses primarily owned by Trump family companies, so far, in a report on the $550 million sale of global Liberty Financial, the Times wrote, “We have grasped the boundaries between private and government policies without precedents in modern American history. Trump is not currently a major crypto dealer.
The intertwined corruption web around Trump and Crypto has dropped federal investigations on Trump administration actions like the ability of foreign actors to purchase influence in Washington via digital coins, and the National Bitcoin Reserve scheme that boosted the value of these assets, as well as more suspicious actors in the industry, including those who openly purchased Trump Crypto products.
The world Trump ridden as a “fraud” four years ago has probably expressed the worst financial graft in White House history. Memecoin’s confused arena, “stablecoins” and not fully grasped by regular people who struggle to understand.
World Liberty Financial is separate from the $Trump Memecoin, and the president-elect announced three nights before his inauguration in January, initially gaining value and earned billions on paper for Trump and his allies. $Trump Coin also brought in a cool trading fee of $100 million. The president was not shy about using the power of his office to increase its value. Trump’s recent announcement about Virginia’s dinner has caused Memecoin to skyrocket value by over 50%.
“Let’s be clear about what’s going on here. It looks like Trump is auctioning off access to the presidency,” Noah Bookbinder, executive director of citizens for responsibility and ethics, wrote for MSNBC. “The more he has a lot of his cryptocurrency people buy, the more likely he will meet Trump at his club. And there is no ambiguity as to who is profiting.”
I remember sitting vice president Spiro Agnew being investigated by the Department of Justice and not giving a felony a fight for taking small amounts of cash into a white envelope containing $17,500 in the White House. But now, is it okay for the president and his heirs to sell their offices and make potentially hundreds of millions of dollars? Make sense.
While investigative journalists like the Times team, who delve into the world’s Liberty Financial, are not at work, their reports do not seem to have broken through the broader media environment or even voters who appear to be ironically paralyzed by the corruption of the ranks of Oligarchy. The Supreme Court itself is a completely corrupt institution — has done a lot to make political transplants seem legal in America.
This was before Trump was appointed Pam Bondy’s Attorney General, ensuring that the Department of Justice was loyal to the President, not the American people, the rule of law, or the greater interests. It leaves the Opposition Democrats in Congress, but when it comes to cryptocurrencies, top dems like Senate minority leader Chuck Schumer are tanked almost as deep as the Trump administration.
»Read more: How fraudulent and polluted cryptocurrency was hijacked in the 2024 election
Axios reported next week that the Senate is competing for a vote for a bipartisan regulatory bill supported by the crypto industry. That’s not shocking, giving the millions the crypto industry gave both parties last fall, which is a very disappointing thing.
As long as America pretends that selling access and influence in the White House for coins that go directly into the pockets of the president or his children is not a crime, let alone thrive.
There’s nothing to stop protesters from raising holy hell about this on your TV talk or on the streets. There’s nothing to stop a majority of the Democratic home from bounce each Trump in 2027, but again, because they blatantly denied the emoluments clause of the US Constitution. And there is nothing in 2029 that the next U.S. Attorney General should or should stop, or should, investigate any brave crimes of bribery that this appears to be.
Before you agree that paying back a sitting president is wrong, you really don’t need murder on Fifth Avenue, right?
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