Tommy Vitor
👤 SpeakerAppearances Over Time
Podcast Appearances
Well, another person I want to ask you about that is huge in the crypto world is a guy named Justin Sun. Can you just explain who he is and his connections to the Trump orbit?
Well, another person I want to ask you about that is huge in the crypto world is a guy named Justin Sun. Can you just explain who he is and his connections to the Trump orbit?
Well, another person I want to ask you about that is huge in the crypto world is a guy named Justin Sun. Can you just explain who he is and his connections to the Trump orbit?
People get that.
People get that.
People get that.
Yeah. And so what you described there was you have this failing World Liberty financial offering. This guy comes in. He puts, I think you said, $75 million into the project, rescues the project. But 75% of that money gets skimmed right off the top for the Trump family. So what's that, like $56 million? million or so directly into Trump's coffers.
Yeah. And so what you described there was you have this failing World Liberty financial offering. This guy comes in. He puts, I think you said, $75 million into the project, rescues the project. But 75% of that money gets skimmed right off the top for the Trump family. So what's that, like $56 million? million or so directly into Trump's coffers.
Yeah. And so what you described there was you have this failing World Liberty financial offering. This guy comes in. He puts, I think you said, $75 million into the project, rescues the project. But 75% of that money gets skimmed right off the top for the Trump family. So what's that, like $56 million? million or so directly into Trump's coffers.
The other crypto project we have that we know about for Trump are the Trump coin and the Melania coin. I think the Times the other day, or maybe it was Coinbase, somebody reported that as of a couple of weeks ago, Trump had made over $100 million in fees from the sale of the Trump coin, right? So they might be holding onto their Trump meme coin stash.
The other crypto project we have that we know about for Trump are the Trump coin and the Melania coin. I think the Times the other day, or maybe it was Coinbase, somebody reported that as of a couple of weeks ago, Trump had made over $100 million in fees from the sale of the Trump coin, right? So they might be holding onto their Trump meme coin stash.
The other crypto project we have that we know about for Trump are the Trump coin and the Melania coin. I think the Times the other day, or maybe it was Coinbase, somebody reported that as of a couple of weeks ago, Trump had made over $100 million in fees from the sale of the Trump coin, right? So they might be holding onto their Trump meme coin stash.
And I think they own something like what, 80% or something like that. But every time you buy and sell, they get a fee, right?
And I think they own something like what, 80% or something like that. But every time you buy and sell, they get a fee, right?
And I think they own something like what, 80% or something like that. But every time you buy and sell, they get a fee, right?
That's, it's remarkable. I mean, I think, what I think the take home, I think I just wanted folks to get out of this interview as well, a little bit of understanding about the crypto world. but also how much money Trump is making personally off of crypto, what an unbelievable avenue the crypto world is for corruption and for steering money into his pockets at times in ways that can be secret.
That's, it's remarkable. I mean, I think, what I think the take home, I think I just wanted folks to get out of this interview as well, a little bit of understanding about the crypto world. but also how much money Trump is making personally off of crypto, what an unbelievable avenue the crypto world is for corruption and for steering money into his pockets at times in ways that can be secret.
That's, it's remarkable. I mean, I think, what I think the take home, I think I just wanted folks to get out of this interview as well, a little bit of understanding about the crypto world. but also how much money Trump is making personally off of crypto, what an unbelievable avenue the crypto world is for corruption and for steering money into his pockets at times in ways that can be secret.
And then there's just the broader fact that he's the president of the United States and he's going to make an enormous number of incredibly consequential decisions in the next four years about how crypto is regulated. So it just seems like this just couldn't be more fucked up just in terms of a setup for corruption and abuse and fraud at the highest level of the US government.
And then there's just the broader fact that he's the president of the United States and he's going to make an enormous number of incredibly consequential decisions in the next four years about how crypto is regulated. So it just seems like this just couldn't be more fucked up just in terms of a setup for corruption and abuse and fraud at the highest level of the US government.