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People who helped enrich Trump through cryptocurrencies wanted something in return: Report
MSNBCยท 2025-11-12 17:39
Financial Activities & Conflicts of Interest - The former president's personal net worth increased by $3 billion from inauguration to the present [4] - The family made $5 billion in one day when they issued a new cryptocurrency [5] - Top 220 buyers of the memecoin held $148 million worth, generating $320 million in fees for the Trumps [12] - The UAE deposited $2 billion in Binance, generating $80 million in interest [8] Cryptocurrency & Influence - The cryptocurrency market is confusing and difficult to follow, potentially hindering scandal penetration [20] - Purchasing the memecoin provided buyers with access to the president [12][13] - The value of the crypto coins is built on air and may fall [17][18] Pardons & National Security - The president pardoned CZ, the founder of Binance, who plead guilty to violating anti-money laundering laws [1][2] - Binance helped boost the profile of the Trump family's crypto firm [1] - CZ's platform, Binance, was used by terrorist groups like Hamas to move millions of dollars [2][9] UAE Deal & Semiconductor Chips - The UAE gained access to semiconductor chips they were previously restricted from buying [10] - Steve Wickoff, Trump's Middle East envoy and partner of Eric and Don Jr, negotiated with the UAE over the chips [10][11] - Zack Witoff negotiated a $2 billion deal that enriched them [11]