Molly White
Appearances
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Well, it is illegal for the president to accept money for influence.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Yes, true. I mean, it is plainly illegal. I think the question is whether anything will happen about it, because we've seen the regulators backing off. I mean, Trump himself has helped dismantle the cryptocurrency investigations team at the Department of Justice. He's directed
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
the major frauds unit at the Department of Justice to stop focusing on cryptocurrency and instead focus on things like immigration fraud and very procurement fraud, things like that. And then, of course, we've seen, you know, some muted opposition in Congress that, you know, people speaking up against his very blatant griffs, but it has yet to amount to much. This is the golden age of crypto.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Trump nutzt die Kryptowährung wirklich, um sich zu entwickeln. Er hat keine Grenzen gefunden, wie er für sich selbst Geld auslösen kann, nicht nur für seine Kampagne. Er nutzt den Meme-Coin, er nutzt eine Venture, die World Liberty Financial heißt, von der er viel Geld verdient. Seine Trump-Media-Familie, die Truth Social betreibt, geht auch in Kryptowährungen. Er hat NFTs.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Ich meine, die Liste geht jetzt wirklich weiter. Und er hat sich als Präsident sehr direkt für Kryptowährungen eingeladen. Wir haben das durch diesen neuen Abend gesehen, den er beantragt hat, wo die Top-Händler der Trump-Meme-Coin zu einem privaten Abend mit dem Präsidenten eingeladen werden. I just did some analysis on those holders.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
The majority of them are not based in the United States, which adds additional concerns over emoluments and foreign agents registration. And so this is sort of a new avenue for corruption that Trump is taking full advantage of.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Das ist richtig, ja. Und wir haben das gleiche von Kryptowährungsunternehmen und anderen Kryptowährungsentitäten gesehen. Zum Beispiel hat Justin Sun einen Kryptowährungsbillionär gekauft, der 75 Millionen Dollar von Trumps World Liberty Financial Token gekauft hat.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Und dann, kurz nach der Enauguration, wurde der Fall, der Verurteilung gegen ihn und seine Firma von der Sicherheits- und Exchange Commission, gedroppt. Oder eher gedroppt, nach der entsprechenden Resolution, möglicherweise gedroppt.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Right. So Trump has been very active in influencing both legislation that's being proposed as well as the regulations that are currently being enforced or previously were being enforced. You know, his directions to various entities within the government have directly been cited by the SEC, for example, when they've dropped
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Es gibt einige Fälle gegen Kryptowährungsunternehmen, viele von denen mit Verrücktheit, sodass sie nicht wiedergefiltert werden können. Weitere Fälle, die in die Gerichtssitzung gehen, sind eingestellt worden. Er hat diese Stablecoin entdeckt oder diese Stablecoin via seinem World Liberty Financial Project, sobald Stablecoin-Legislation durch den Kongress durchgeführt wird, von der er aussteht.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
And so he's very much conflicted in terms of his engagements with the cryptocurrency world because he is writing the rules and creating a favorable business environment while also enriching himself via crypto ventures.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
You would certainly think so. And it's pretty incredible to watch the cryptocurrency industry and its lobbyists make this case that during the Biden administration, the regulators were being too harsh to crypto and that they were killing the industry by trying to enforce very standard regulations that are used elsewhere in the financial system.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
During that time period we saw the collapse of FTX, we saw the collapse of Celsius, whose CEO is literally being sentenced as we speak for his fraud in that company. We saw the failures of regulations to be applied to this industry.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
And yet somehow the industry is claiming that these very limited regulations that are in place were too over the top and that they were killing the industry and that they need to be rolled back. And that's exactly what's been happening. They are getting every wish under the Trump administration.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Trump und seine Familie profitieren davon sehr viel. Sie verdienen eine hohe Anzahl an Geld, indem sie die Token auf den Markt verkaufen, und sie machen auch noch Geld, indem sie Karten bezahlen. Zum Beispiel, als dieses Abendessen veröffentlicht wurde, People began trading the coin more actively because they wanted to secure an invitation to dinner.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Millions of dollars in trading fees were generated and most of those go to Trump and Trump affiliates because they're the ones providing liquidity for these tokens. And so it's very lucrative for Trump directly. As you mentioned, there's also the sort of small minority of Buyers who are able to buy early enough and at low enough prices and then time the markets to sell high.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
But as various reports have indicated, that's not the majority of people. These tokens are very volatile. It's challenging to time the markets well. And frankly, because of the lack of regulation and oversight of these markets, there's a dramatic amount of market manipulation. And so oftentimes people are trying to speculate on these tokens in rigged environments where they are
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
People who have inside information or who have an advantage because of their relationship with the trading platforms. And so, you know, the idea that this is sort of, you know, a free for all where you can, you know, take your chances and, you know, potentially make it big is not even really accurate because the environment that people are working in is stacked against them.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Yeah, I mean, that is entirely believable from what I have seen. He's made hundreds of millions of dollars easily off of the meme coins. He receives 75% of the net protocol revenues from World Liberty Financial, not to mention he holds a 60% So stupid. Yeah, and so he's just clearly, you know, enriching himself.
The Dan Le Batard Show with Stugotz
#BecauseMiami: Corrupt on its Face
Yeah, I mean, that's been a serious problem with crypto gaming in the past, is that it really invites, you know, very vulnerable people, including children, to get involved in the type of, you know, gamified gambling, essentially. It's, you know, they are using real money and often losing real money in these crypto games.