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What A Day

Are Trump’s Crypto Ventures Corrupt

What A Day

Crooked Media

News, Daily News

4.612K Ratings

🗓️ 28 May 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

To the average American, the world of cryptocurrencies can be completely inscrutable. Only about 17 percent of U.S. adults say they've ever invested, traded or used crypto, according to an October Gallup poll. But that relative obscurity might be exactly why President Donald Trump and his family have gone all in on crypto. From pay-to-play memecoin dinners to billion-dollar investments in bitcoin, the Trump family now has a huge stake in a growing industry with few regulatory guardrails — and mounting conflicts of interest. Allison Morrow, a senior writer for CNN Business, tells us what the Trump family is up to and why ethics experts are waving red flags. And in headlines: The Trump administration ordered a pause on new student visa interviews, Health and Human Services Secretary Robert F. Kennedy Jr. stripped Covid vaccine recommendations for healthy children and pregnant people, and King Charles told Canada's Parliament 'that the true North is indeed strong and free' in a speech widely seen as a rebuke of President Trump.

Transcript

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0:00.0

It's Wednesday, May 28th. I'm Jane Koston, and this is Wadaday, the show that salutes

0:06.9

U.S. District Judge for the District of Columbia, Richard Leon, for using 26 exclamation points

0:13.0

to smack down President Donald Trump's effort to target a major law firm via executive order.

0:18.5

To quote Leon, indeed, to rule otherwise would be unfaithful to the judgment

0:22.4

and vision of the founding fathers, exclamation point. On today's show, it turns out the majority

0:31.8

of district court judges aren't ruling in Trump's favor despite their political party appointment.

0:36.2

And Little Marco was coming for

0:37.6

foreign student visas. But first, let's talk about how the White House is for sale. On Tuesday,

0:43.4

Trump Media and Technology Group announced it would be raising more than $2 billion to invest in Bitcoin.

0:48.6

As the name might indicate, President Donald Trump is heavily involved in Trump Media and Technology Group.

0:53.8

He's the company's largest

0:54.9

shareholder. Trump Media is also the parent company of Truth Social, where Trump posts literally

0:59.8

every thought that enters his head. This deal is not the president's first do-se-do with

1:04.8

cryptocurrency. There was his dinner last week with the top holders of the president's meme coin.

1:10.0

The Trump family owns 60% of

1:12.1

World Liberty Financial, another crypto firm that's playing a central role in a $2 billion deal

1:17.4

between an investment firm backed by the government of the United Arab Emirates and Binance,

1:22.2

the biggest crypto exchange on Earth. In short, the president of the United States has made

1:26.9

it clear. He and his family are going

1:29.0

to make as much money as possible and are thrilled that crypto is giving them the chance to do so,

1:34.3

even if press secretary Caroline Levitt tries to argue otherwise. It's absurd for anyone to insinuate

1:40.0

that this president is profiting off of the presidency. This president was incredibly successful before giving it all up to serve our country publicly.

...

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