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It's not money laundering to sell dumb shit to idiots, like coins to magas, or bathwater to thirsty teenagers, or dogecoin to me
I have no clue if there's indeed any proof for such a claim, but the theory that I read elsewhere is that it's a way to obfuscate money flows.
If a foreign nation (Russia, China, North Korea, whoever) would like to engage in the election, they can't just donate to the campaign officially. But instead, they could buy a couple thousands of these coins in smaller transactions.
TBH I'm rather with you. I think the majority of these coins is just bought by some MAGAs. For foreign nations there'd be probably more efficient ways to transfer money like shares etc.
Pretty much exactly this.
It is if someone from outside the US, who can’t legally donate to Trump’s campaign, buys 100 of these.
It certainly is if most of the dumb shit is bought by foreign powers as a way to fund a campaign. See also bibles, nfts, sneakers.
You would be gravy, but it would be easy to shovel millions of oligarch money into his organization which will lose it by buying the oligarch’s overpriced services.