Trump's Crypto Empire: 'A Perfect Vehicle to Funnel Money'?
Last Week Tonight host John Oliver lambasted President Trump's foray into cryptocurrency, calling it 'a perfect vehicle to funnel money' to the Trump family.
In his latest episode, Oliver broke down how Trump's personal income exceeded $2.2 billion in his first year back in office, with $1.4 billion coming from crypto businesses.
Oliver noted that Trump initially dismissed Bitcoin as a scam but has since reinvented himself as the 'first crypto president,' launching his own meme coin, TRUMP, which crashed 92% from its early highs.
The show host also criticized World Liberty Financial, a Trump-owned venture, for making dodgy deals with companies like TRON and Emirati royals, which personally netted Trump $263 million. Shortly after, US restrictions on UAE access to advanced Nvidia AI chips were lifted.