Trump's Crypto Coup: Last Week Tonight Exposes Billion-Dollar Windfall
John Oliver took aim at Donald Trump's finances on his show Last Week Tonight, branding him 'flagrantly corrupt and compromised'.
Oliver revealed that in just his first year back in office, Trump's personal income surged to over $2.2 billion, with most of it coming from family crypto businesses.
The late-night host focused on two main crypto ventures: the president's meme coins and World Liberty Financial. Meme coins, Oliver explained, often follow pump-and-dump schemes, where they spike in value before crashing.
Trump's meme coin plummeted 92% in value by December, yet still made him $636 million. Oliver warned this was just the 'tip of the iceberg', and questioned World Liberty Financial's governance token system.