Critics say Trump’s policies weaken the U.S. dollar as his businesses invest in crypto
PBS News Hour - Segments
PBS NewsHour
4 • 1K Ratings
🗓️ 28 May 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This week, Trump Media and Technology Group, the publicly traded parent company that owns the president's social media platform, Truth Social, announced that it's selling shares and bonds to raise $2.5 billion to create a Bitcoin treasury. |
| 0:15.7 | It marks the Trump family's latest addition to their cryptocurrency empire, as Trump media share prices |
| 0:22.2 | take a hit. A day after announcing plans to buy more Bitcoin, President Trump's sons, Donald Jr. |
| 0:28.3 | and Eric, both of whom run the family's multiple crypto ventures, spoke at the world's largest |
| 0:33.9 | Bitcoin conference in Las Vegas. America is going to win the crypto revolution. |
| 0:39.8 | That much I can tell you right now. |
| 0:43.8 | We finally have a competent president in the White House. |
| 0:49.1 | And we have a president who loves this industry and is behind this industry 100%. |
| 0:54.0 | Our White House correspondent Laura Barone Lopez joins us now with the latest. Good to see you, Laura. |
| 0:59.0 | Good to be here. So just remind us what we're talking about when we're talking about |
| 1:02.1 | cryptocurrency here and then tell us more about what kinds of related businesses the Trump family has. |
| 1:07.5 | So cryptocurrency is a digital currency designed to be an alternative payment method or |
| 1:13.2 | speculative investment. Now the Trump family has four crypto ventures. The latest, the Trump media |
| 1:19.4 | Bitcoin investment, which is essentially transforming that company into, further into a crypto holding |
| 1:25.1 | company. Then there's the Trump Minkoin, which is a type of cryptocurrency |
| 1:28.5 | normally inspired by internet and popular culture. There's American Bitcoin. That's a Bitcoin mining |
| 1:33.5 | firm set up by Donald Trump's eldest sons, Eric and Don Jr. And then there's World Liberty |
| 1:38.7 | Financial, which is the Trump family crypto firm that recently launched a stable coin. Now some |
| 1:44.0 | crypto, like Bitcoin and |
| 1:45.6 | stablecoin, is meant to compete with the U.S. dollar and is designed to replace traditional |
| 1:51.2 | money. So when you take a step back and look at this because the Trump family's investments |
| 1:54.8 | in this one currency isn't happening in a vacuum, when you look at the larger economic picture, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from PBS NewsHour, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of PBS NewsHour and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.