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Listening to this today on CBC. Trump made 1.4 billion on crypto. He used to call it a scam but now... Not regulated. Ben Mackenzie, "Everyone is lying to you about money." It's the golden age of fraud now. Level of corruption is unprecedented.

Even a paper dollar has the value of paying a dollar’s worth of tax.

If their naive: they hope for a payout. If they're less naive but obviously still dumb enough to dump money on it: they hope for a thin pretense to claim connection to the man they and their social group idolize.

Nothing from nothing leaves nothing except fees to trump family

Not FDIC insured - it is a trust bank, not a commercial bank. Still ripe for fraud and corruption.

Who could have foreseen that turning a currency into a commodity might not end well? Crypto is a ponzi for the bro class.

The big players can use it as collateral to get loans from crypto affiliated “banks”.

I don’t think the Trump Bank corruption has sunk in yet, it’s just so gobsmacking. bsky.app/profile/kris...

well, they ARE paying for all their money to disappear. like magic. maybe THAT'S what they're paying for?

Digits on a computer screen, green cloth paper bills, and mylar bills have no intrinsic value, and coins just the melt value, but are valued for just what goods you can get in exchange for them.

They're paying for access to the fraud king

Do you know if anyone is covering this week's meeting Trump is having with the crypto bosses?

I believe he is hosting a big meeting this week with the crypto bosses, smells quite fishy.

Meeting of CRYTPO minds and money at the White House tomorrow.... Grift continues

📌

www.youtube.com/watch?v=sg7Y...

The 2.5B is what Trump has reported and doesn’t include anything from his fail-sons or in-laws. He faces no consequence for misreporting these disclosures, nor, apparently for 2025, misreporting to the IRS. Your points are the same whether its 2.5B or 25B, but we may never know true numbers

No one has to know. They can do it from your laptop. They can be in Hong Kong. You don't have to be an American. They can be sitting Dubai under federal investigation and be giving money to the president!

Is it really "dark" money though, when he is doing it completely openly in plain daylight? I would say this is as obvious an example of openly inviting people to buy policy, exemption from prosecuting, favours etc. in return for money.

When trump and his minions get their own bank this dark crypto will easily and quickly become grade A investments which can then become cold hard cash - or precious metal.

He has immunity from audit for 2025, so it’s left to the honor system for him. How you think that’ll go?

I would say that about the small timers buying his crypto. For the big ones it’s straight bribery.

“These people are not pouring money into coffers of the Trump family business because of the brothers’ acumen. They are doing it because they want freedom from legal constraints and impunity that only the president can deliver.” Kathleen Clark, law professor at Washington University

What are the odds that the family will at some point (⚰️) find out that they have no real access to the money they looted? Because on an operational level they have no clue how any of this works and also about the fine print.

Trump getting a payday to pardon the Binance guy certainly was a sign.

It's faster and more profitable than laundering money through a casino or a golf course.

It’s truly #GRIFT on an industrial presidential scale.. the only caveat is, that he can’t do it more than the one time last year, as all his crypto has lost essentially ALL it’s value and nobody is really going to buy a nickels worth today. #predictthegrift

The US needs a Bird Phoenix situation #EmperorHasNoClothes / Denmark

Gimme an A Gimme a C Gimme a C Gimme a E Gimme a S Gimme a S What does that spell? CORRUPT AS FUCK!!!

Great post!!

Yes, it's just more corruption by Trump, but at the same time, how dumb does someone have to be to even think about buying any crypto, especially with his name on it? "Trust me, bro... these imaginary internet coins are worth what we say... based on numbers we made up." -All Crypto

They’ve paying for a chance to change his diaper…

He's selling access to him and therefore anything he in his power as president can give out. He doesn't care about the country or the people in it or their needs or wants. He only cares about making money. Oh and adulation.

TBF that's crypto in a nutshell

The only use for crypto is money-laundering of some kind.