Steve Bannon famously talked about using “muzzle velocity” as a strategy: doing so much so quickly that you overwhelm the ability of the media to cover it. I think what the Trump family is doing with crypto is muzzle velocity for corruption.
What they’re doing isn’t necessarily illegal. It would be if these were official campaign donations; the sums involved are so large, and the buyers include foreign nationals. But the Trump family is making this money personally. And they’re doing it across so many different crypto ventures, it’s almost impossible to keep track.
So that’s what I wanted to do with this episode: try to track at least some of it.
The person I’ve enlisted to help me out is Zeke Faux. He’s the author of the fantastic book “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall” and an investigative reporter at Bloomberg, where he’s been covering many of these strange Trump family crypto schemes.
This episode contains strong language.
Mentioned:
“Trump Crypto Venture Has Talked to Binance About Doing Business” by Zeke Faux
Book Recommendations:
A Distant Mirror by Barbara W. Tuchman
Nixonland by Rick Perlstein
Gretel and the Great War by Adam Sachs
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html
This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Rollin Hu, Elias Isquith, Marina King, Jan Kobal, Kristin Lin and Jack McCordick. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The director of New York Times Opinion Audio is Annie-Rose Strasser. And special thanks to Richard Painter.
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