4.6 • 12 Ratings
🗓️ 30 November 2025
⏱️ 5 minutes
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It took more than fame for Donald Trump and his sons to build a crypto empire. They got a lot of help from industry insiders, many of whom happened to need a hand from the president.
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| 0:00.0 | Here's your Forbes Daily Briefing for Sunday, November 30th. |
| 0:05.0 | Today on Forbes, Trump's crypto cronies, they sent the president money and got off easy. |
| 0:12.0 | Shortly after Donald Trump pardoned crypto's richest man, Changpang Jiao, the president faced questions about whether his personal financial interests had impacted |
| 0:22.1 | the decision, given that a May deal involving Zhao's company helped boost Trump's net worth |
| 0:27.5 | by hundreds of millions of dollars. The president said, quote, I don't know him. I don't believe |
| 0:33.2 | I've ever met him. He had a lot of support. And they say that what he did is not even a crime. |
| 0:39.7 | Never mind that Zhao himself pleaded guilty to failing to maintain an adequate anti-money laundering |
| 0:45.3 | program. Liz Oyer, who oversaw the pardon office at the Department of Justice until March, |
| 0:51.9 | reached a simple conclusion. She said, quote, |
| 0:55.1 | Trump has created a pay-for-play pardon system. Other crypto investors and companies, |
| 1:01.5 | facing all sorts of legal issues, seemed to sense an opportunity, too. About a dozen donated |
| 1:07.1 | to Trump's political groups, partnered with his crypto ventures, and invested in his companies |
| 1:11.9 | as the administration made decisions on legal matters impacting their businesses. It all left the |
| 1:17.7 | president in a nice position, with an industry full of people eager to help his family expand its own |
| 1:23.0 | crypto ventures. The White House fielded so many questions about crypto conflicts of interest that it has developed |
| 1:29.7 | a set of pre-written responses to send reporters. In one such statement sent to Forbes early last |
| 1:35.8 | week, press secretary Caroline Levitt declared, quote, neither the president nor his family |
| 1:41.4 | have ever engaged or will ever engage in conflicts of interest. |
| 1:45.9 | Through executive actions, supporting legislation like the Genius Act, and other common-sense |
| 1:50.5 | policies, the administration is fulfilling the president's promise to make the United States |
| 1:55.1 | the crypto capital of the world by driving innovation and economic opportunity for all Americans. |
| 2:01.8 | It's easy for Trump's team to brush aside ethics concerns with Republicans in charge of Congress. |
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