The Trump Crypto Scam

linux.poet · Nov 7, 2025

NxNW said:
Much of that cash has come from foreign sources...

NxNW said:
The topic of this thread is not the validity of crypto as currency, but how the Trump Organization is using the presidency to profit from it.

I think a lot of this really underlies how important crypto is for online transactions for people outside the United States. If you're in a country that doesn't have easy access to Paypal, frequently your only option is to use your local currency to buy crypto and then use that to make whatever online transaction you wanted to make. If you're getting pay via internet freelancing, it's the same deal - get paid in crypto and sell it for local currency.

So, people who have to do this want crypto that is unlikely to lose value overnight, and Trump is giving that to them, so they are buying in. Trump's assoiciates are making a profit off of U.S. sanctions and restrictions on Paypal, the U.S. based online payment processor. The ease that Paypal gives us is something we take for granted here in the U.S. - many don't understand how the rest of the world lives in terms of online payments.

BelieveItOarKnot · Nov 7, 2025

Hans Blaster said:
Do you read?

I said we don't know if the Trump boys are getting more money from crypto, or deals with China, or insider trading.

Emphasis "we don't know"

NxNW · Nov 7, 2025

linux.poet said:
I think a lot of this really underlies how important crypto is for online transactions for people outside the United States. If you're in a country that doesn't have easy access to Paypal, frequently your only option is to use your local currency to buy crypto and then use that to make whatever online transaction you wanted to make.

Oh, there are other options.

linux.poet said:
If you're getting pay via internet freelancing, it's the same deal - get paid in crypto and sell it for local currency.

Again, plenty of other options.

linux.poet said:
So, people who have to do this want crypto that is unlikely to lose value overnight,

Crypto is more likely to lose value overnight than almost anything else!

linux.poet said:
The ease that Paypal gives us is something we take for granted here in the U.S. - many don't understand how the rest of the world lives in terms of online payments.

It's not ease of payment they're seeking, it's access to Trump.

Stopped_lurking · Nov 7, 2025

linux.poet said:
I think a lot of this really underlies how important crypto is for online transactions for people outside the United States. If you're in a country that doesn't have easy access to Paypal, frequently your only option is to use your local currency to buy crypto and then use that to make whatever online transaction you wanted to make. If you're getting pay via internet freelancing, it's the same deal - get paid in crypto and sell it for local currency.
So, people who have to do this want crypto that is unlikely to lose value overnight, and Trump is giving that to them, so they are buying in. Trump's assoiciates are making a profit off of U.S. sanctions and restrictions on Paypal, the U.S. based online payment processor. The ease that Paypal gives us is something we take for granted here in the U.S. - many don't understand how the rest of the world lives in terms of online payments.

What countries are we talking about here? Developing countries?

linux.poet · Nov 7, 2025

Stopped_lurking said:
What countries are we talking about here? Developing countries?

North Africa and Spain, respectively, I know for certain. It may affect Nepal and New Zealand.

NxNW said:
Oh, there are other options

Payoneer is owned by the Russians, so it’s not a feasible system for foreigners to deal with United States’ websites and/or merchants. The United States is at the center of the internet economy.

Hans Blaster · Nov 7, 2025

BelieveItOarKnot said:
Emphasis "we don't know"

Is that supposed to be an argument? The part we know about is bad. The unknown parts are not good, but we don't know their scale. That is the way of crime and corruption.

BelieveItOarKnot · Nov 8, 2025

Hans Blaster said:
The part we know about is bad.

Oh?

Let's get real about idiotic trumped up nonsense. If anyone had anything on him they'd have had him by now

Sick of the sensational propagandist drivel

Hans Blaster · Nov 8, 2025

BelieveItOarKnot said:
Oh?

Let's get real about idiotic trumped up nonsense. If anyone had anything on him they'd have had him by now

Sick of the sensational propagandist drivel

1. Federal investigations of white collar crime don't move that fast.
2. The suspected crimes are being committed by the President and his sons.
3. The AG is a toady. The FBI director is a toady. There will be no investigations until at least 2029.

BelieveItOarKnot · Nov 8, 2025

Hans Blaster said:
1. Federal investigations of white collar crime don't move that fast.
2. The suspected crimes are being committed by the President and his sons.
3. The AG is a toady. The FBI director is a toady. There will be no investigations until at least 2029.

We'll see who gets who first.

I'm hoping for the liberal busts.

Waiting since 2008, maybe 2001 if we throw in the patriot act

I'm thinkin there'll be some great ngo fish to fry long before Trump, if ever, gets reeled in

Hans Blaster · Nov 8, 2025

BelieveItOarKnot said:
We'll see who gets who first.

It's not a race. It is the sad conclusion that Trump can crime all he wants as can his friends because the DOJ is now lead by the thoroughly corrupt.

BelieveItOarKnot said:
I'm hoping for the liberal busts.

Waiting since 2008, maybe 2001 if we throw in the patriot act

Waiting for what?

BelieveItOarKnot said:
I'm thinkin there'll be some great ngo fish to fry long before Trump, if ever, gets reeled in

Fry for what?

Landon Caeli · Nov 8, 2025

Them Trump boys. Always up to no good...

essentialsaltes · Nov 26, 2025

NxNW said:
If you read to the end, you'll see how Trump pardoned a crypto scammer who was making Trump money:

If you read to the end, you'll see how Trump pardoned a crypto scammer whose company is accused of 'knowingly' financing Hamas in the lead up to the October 7th attacks.

Binance Accused of ‘Knowingly’ Enabling Oct. 7 Terror Attacks in Explosive Lawsuit

Cryptocurrency giant Binance and its Trump-pardoned co-founder Changpeng Zhao are accused of “knowingly” helping to channel “more than $1 billion” to Hamas and other U.S.-designated terror groups in the years leading up to the October 7 attacks in a new explosive lawsuit filed on behalf of victims’ families.

The 284-page filing, submitted in federal court in North Dakota, claims the world’s largest crypto exchange “deliberately” failed “to monitor inbound funds” tied to Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Islamic Revolutionary Guard Corps.

Zhao is among those named in the lawsuit, alongside associate Guangying Chen.

Akita Suggagaki · Feb 1, 2026

https://www.wsj.com/politics/policy/spy-sheikh-secret-stake-trump-crypto-tahnoon-ea4d97e8?gaa_at=eafs&gaa_n=AWEtsqctNuhGw5QRg9p8elFPZTMpWF1xD4JzpVfv9i_S9UD2BpnWZlalKYgNTjQc_w%3D%3D&gaa_ts=697feac7&gaa_sig=7vI860ZDx7e9SYSELB_vMcz4uYkAAhAOFZdts2ZAr-lt9Ljpfhk5_nVBhsoypSsgEAwmRylnl09eV6pufLgQMQ%3D%3D

wing2000 · Feb 2, 2026

Akita Suggagaki said:
https://www.wsj.com/politics/policy/spy-sheikh-secret-stake-trump-crypto-tahnoon-ea4d97e8?gaa_at=eafs&gaa_n=AWEtsqctNuhGw5QRg9p8elFPZTMpWF1xD4JzpVfv9i_S9UD2BpnWZlalKYgNTjQc_w%3D%3D&gaa_ts=697feac7&gaa_sig=7vI860ZDx7e9SYSELB_vMcz4uYkAAhAOFZdts2ZAr-lt9Ljpfhk5_nVBhsoypSsgEAwmRylnl09eV6pufLgQMQ%3D%3D

The Wall Street Journal reported this weekend that a UAE sheikh bought a 49 percent stake in the Trump family’s crypto venture World Liberty Financial last year, four days before Trump’s inauguration, with a cool $187 million flowing immediately and directly into Trump-family coffers. Another $31 million went to the family of Steve Witkoff, Trump’s U.S. envoy to the Middle East.

This Isn’t What De-escalation Looks Like

Trump can’t tame the monster he made.

www.thebulwark.com

essentialsaltes · Sunday at 1:24 PM

wing2000 said:
The Wall Street Journal reported this weekend that a UAE sheikh bought a 49 percent stake in the Trump family’s crypto venture World Liberty Financial last year, four days before Trump’s inauguration, with a cool $187 million flowing immediately and directly into Trump-family coffers. Another $31 million went to the family of Steve Witkoff, Trump’s U.S. envoy to the Middle East.

This Isn’t What De-escalation Looks Like

Trump can’t tame the monster he made.

www.thebulwark.com

Conservative ex-prosecutor calls out GOP for not investigating 'sordid' Trump scandal

Former prosecutor Andrew McCarthy, who served as an assistant U.S. attorney for the Southern District of New York and now works as a senior fellow at National Review Institute and a National Review contributing editor, wrote a piece over the weekend called The Sordid Story of Trump, the Trump–Witkoff Family Business, and the UAE.

In the piece, McCarthy covers the genesis of the scandal that would ultimately emerge last week when it was reported that there was a "secret" and "unprecedented" deal between Donald Trump and a "spy Sheikh."

"It’s a long story, but let’s cut to the chase. In autumn 2024, when it had become clear that he’d likely win back the White House in about six weeks, Donald Trump and his friend Steve Witkoff founded a crypto business called World Liberty Financial (WLF).WLF was (and remains) an ideal vehicle for leveraging political power in search of financial gain," he wrote. ... And, because they have sons who do not hold government positions and could ostensibly run the crypto business, President Trump and his Middle East envoy, Witkoff, would be poised to claim that WLF is a private enterprise, walled off from Trump’s political influence — even though that influence was the magnet for foreign investment and consumer purchases."

"You know what the difference is between the Biden family business and the Trump family business? You’d have to add two digits to the sum of Biden abuses of power, foreign entanglements, and corruption alleged in the [Comer] report to get near what Trump has [verifiably] raked in just from the UAE.

Aryeh Jay · Sunday at 2:32 PM

essentialsaltes said:
"You know what the difference is between the Biden family business and the Trump family business?

So we have actual conformation of the Biden Crime Family.

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