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what you have found, but also how what you have found compares to the conflicts of the first term.

It is no longer theoretical, basically.

It is no longer theoretical, basically.

So we have talked on the show before about how Trump has really sort of changed direction on crypto. Originally, he actually seemed like kind of a skeptic about the industry. And obviously now, not only is he a booster, but he's actually in the business himself. So can you just talk a little bit?

So we have talked on the show before about how Trump has really sort of changed direction on crypto. Originally, he actually seemed like kind of a skeptic about the industry. And obviously now, not only is he a booster, but he's actually in the business himself. So can you just talk a little bit?

How did we go from Trump being sort of skeptical and then coming around to crypto and then to actually getting involved? Yeah.

How did we go from Trump being sort of skeptical and then coming around to crypto and then to actually getting involved? Yeah.

Okay, so we're going to get into what both of these things are. Let's start with... The meme coin, because that's the one I'm, I think, a little bit more familiar with. I'm thinking of the Doge coin, the picture of a dog on this coin that I think was sort of launched as a joke. But can you just explain to me and everybody else, like, what exactly is a meme coin?

Okay, so we're going to get into what both of these things are. Let's start with... The meme coin, because that's the one I'm, I think, a little bit more familiar with. I'm thinking of the Doge coin, the picture of a dog on this coin that I think was sort of launched as a joke. But can you just explain to me and everybody else, like, what exactly is a meme coin?

Do we know exactly like how they made money from these meme coins and how much money they made from them?

Do we know exactly like how they made money from these meme coins and how much money they made from them?

And is any of that illegal?

And is any of that illegal?

So Trump personally benefits from this thing that is an illegal gray area, this meme coin. Then he becomes president. And then under him, the agency that might have investigated him in an earlier administration, perhaps a more aggressive administration, puts out a statement that says nothing to see here.

So Trump personally benefits from this thing that is an illegal gray area, this meme coin. Then he becomes president. And then under him, the agency that might have investigated him in an earlier administration, perhaps a more aggressive administration, puts out a statement that says nothing to see here.

Wow.

Wow.

But wait, can I just say, Eric, that like I think people might be thinking, OK, well, big donors get access to political candidates who then become presidents all the time. But just to put a point on this, those donors are, number one, donating for a specific issue or to get a specific candidate elected. It's not like they're writing checks to somebody's personal bank account.

But wait, can I just say, Eric, that like I think people might be thinking, OK, well, big donors get access to political candidates who then become presidents all the time. But just to put a point on this, those donors are, number one, donating for a specific issue or to get a specific candidate elected. It's not like they're writing checks to somebody's personal bank account.

And here people are paying what sounds like a ton of money to get what sounds like explicit access to the president of the United States.