Bulwark Takes
Trump’s BIGGEST Grift Yet—We Have RECEIPTS!
Apr 18, 2025
Molly White, a software engineer and cryptocurrency researcher, joins Tim Miller to discuss the murky interplay between Trump and the crypto industry. They uncover how Trump's business interests thrive amid regulatory rollbacks, potentially jeopardizing public protections. The conversation highlights Truth Media's controversial financial ventures and the complex ties between crypto and global politics, especially regarding China and Russia. With a focus on meme coins linked to Trump and Melania, they emphasize the looming risks of deregulation in the crypto landscape.
19:26
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Quick takeaways
- Trump's influence in the cryptocurrency sector leads to significant regulatory rollbacks that favor his business interests, jeopardizing consumer protections.
- The deregulation of the crypto market poses risks to both investors and the broader economy, increasing opportunities for fraud and systemic failures.
Deep dives
Trump's Unprecedented Crypto Involvement
Trump's involvement in the cryptocurrency sector represents a significant conflict of interest, where he is reportedly shaping regulations to remove oversight while concurrently launching his own crypto ventures. By influencing policies that benefit major crypto companies, he stands to profit immensely, with potential earnings in the hundreds of millions or even billions. This unique situation has led to the cessation of several enforcement actions against crypto firms, creating an environment that lacks regulatory clarity and enforcement. As Trump potentially uses these favorable conditions to support his business interests, it raises concerns about corruption and undue advantage over competitors.
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