Not a lawyer but I think the fact that honey profited, like, a lot from this is a key factor. From my understanding it’s hard to say what they didn’t wasn’t straight up theft. What’s more, they lied about what they were doing so the consumer was unaware of the ‘product’ they were getting. So while I get your concern, I wouldn’t be too worried about precedent here. It’s less ‘this should be made illegal!’ and more ‘they def committed several actual crimes’
In my mind this is just another way for shady actors to give him money with less paper trail. Is that not possible? I admit I don’t actually know how people are buying or selling this.
Honestly if that’s what’s happening it seems like an actual ‘good’ use case for crypto. Good as in clever/useful not good as in, well, good.