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The Briefing with Jen Psaki

Trump cashes in on crypto side-hustle as rich-get-richer budget comes into focus

The Briefing with Jen Psaki

NBC News

News, Politics

4.5664 Ratings

🗓️ 24 May 2025

⏱️ 83 minutes

🧾️ Download transcript

Summary

Jen Psaki reports on how Donald Trump still used the trappings of the presidency during his "personal time" at a dinner for big-money purchasers of his cryptocurrency, and shares dramatic new visuals of how much the new Republican budget bill benefits wealthy Americans over the poor.

Transcript

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0:00.0

Happy Memorial Day weekend to everyone at home. Thanks for being here with us. We're going to be here for two hours tonight. We have a lot to get through, lots of news to go through. So strap in, I guess, if you're sitting on your couch, catching up on the news. First, I want to take a moment, though, to talk about a bit about something important. And that's something hopefully you're all experiencing right now, personal time.

0:21.6

Hopefully this holiday weekend you're able to take some of your own personal time to reflect

0:26.6

or be with family or friends or barbecuing or going to the pool or whatever you may be doing.

0:31.6

If you have kids like me, personal time is very hard to come by.

0:35.6

I certainly cherish it. However, there is at least one person who is

0:39.6

generally not afforded the privilege of personal time. And that person is the President of the

0:45.0

United States, no matter who they are. And before you feel bad for any moment, this is what

0:49.9

presidents sign up for, all of them. There are no on or off buttons for national crises or

0:55.5

the all-encompassing responsibility of the presidency, and there are also importantly no on or

1:01.2

off buttons for when you need to follow the law. But for some reason, the Trump administration

1:06.3

thinks there's an off button, especially when it comes to President Trump's money-making

1:11.6

after-hour side hustles.

1:13.7

I mean, yesterday when NBC News correspondent Garrett Haik asked to see a list of those invited

1:18.2

to Trump's very private crypto dinner, where he honored the top 220 investors who funneled

1:24.4

money into his family's meme coin, White House Press Secretary Caroline

1:28.2

Levitt said that no disclosure was necessary, none at all, because President Trump was, quote,

1:33.8

attending in his personal time. Really? So then why is there reporting today that the official

1:40.8

presidential seal was used at this very personal timey event.

1:45.0

If this dinner, which has already raised questions about potential room for bribery,

1:49.0

was really held on Trump's personal time and not the taxpayers' dime,

1:54.0

why put on display the literal symbol of the public office Trump holds?

1:59.0

You can see it right there in the screen.

...

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