Stablecoins and Political Intrigue

Back in the day, Trump used to puff up his wealth to get on the Forbes list. Lately though, he doesn't talk about how much money he has, especially now that he and his family have pocketed an estimated $3.4 billion off his time in the White House. The bulk of those billions comes from various crypto-related ventures—and money from foreign nationals and some adjustments at the S.E.C. have helped grease the wheel. At the same time, the Trump Org is making development deals directly with dictators in the Middle East. Meanwhile, his supporters may think they're helping MAGA by buying hats and beer koozies, but their money is all going to Trump. Plus, the European leaders had their flattery game down in the Oval Office on Monday.

The New Yorker's David Kirkpatrick joins Tim Miller.
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