Trump Family's Crypto Empire: A 'Perfect Vehicle' for Money Laundering

Last Week Tonight host John Oliver returned to discuss President Trump's dealings in cryptocurrency. According to Trump, he is 'the first crypto president', despite previously calling it a 'disaster waiting to happen'.

Oliver pointed out that Trump's personal income surged to over $2.2 billion in his first year back in office, with most of it coming from the family's crypto businesses. The Trumps made about $1.4 billion from these ventures, which has become their dominant business interest.

Virginia Canter, an ethics attorney, stated that this is 'a perfect vehicle to funnel money to [Trump] and his family'.

Oliver broke down two of the Trump family's crypto ventures: meme coins and World Liberty Financial. Meme coins, such as those launched by Trump and Melania prior to his second inauguration, spike in value but immediately crash, with insiders selling at the peak.