Molly White

Tagged #Donald Trump

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The scale of Trump's pay-for-access scheme outlined by the Times is mindblowing. Crypto contributions resulting in business deals with the Trump family crypto businesses, oil companies buying influence and later reaping benefits from friendly policies, and a $1 million pardon.

The article only mentions Crypto​.com's $10 million contribution to Trump's super PAC, but doesn't mention that after Trump took office, the SEC dropped their lawsuit against the company. His Truth Social company is now partnering with them to sell crypto ETFs.

When the cryptocurrency entrepreneur Eric Schiermeyer heard that President Trump was holding small group dinners with major donors, he saw opportunity. Mr. Schiermeyer reached out to a lobbyist with connections in Mr. Trump’s orbit, who arranged for him to attend a dinner with the president at his private Mar-a-Lago club on March 1 in exchange for donations to a pro-Trump PAC called MAGA Inc. totaling $1 million. The personal and corporate donations were among dozens of seven- and eight-figure contributions to MAGA Inc. from crypto and other interests revealed in a campaign finance filing on Thursday night that hinted at the access Mr. Trump accords those willing to pay. At the dinner, Mr. Schiermeyer, who had never given a federal political donation before, presented an idea for a cryptocurrency called “U.S.A. Token” that would be distributed to every citizen, according to interviews and a flier he distributed to attendees that sets out details of the proposal. He hoped it could be supported through a federal contract with his company.

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Read · Jul 29, 2025

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Trump speaking to crypto executives while signing the GENIUS Act stablecoin bill: “I got you guys out of so much trouble... They’ve got plenty of cash, and it’s great that you’re on our side.”

Note: I retained Trump’s comments about Biden to avoid taking his statement out of context, but his claim that Biden “dropped all charges” against crypto executives during his (or Harris’s) campaign is false.

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Trump is seeking to direct Americans' retirement funds to a sector in which he and his family are heavily invested.

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I think this is a more or less up-to-date map of the businesses, LLCs, and people associated with the Trump family crypto projects.

Extremely tangled diagram depicting relationships between LLCs, major companies, the Trump family, Bill Zanker and various other individuals, and various crypto projects including the $TRUMP memecoin, NFTs, World Liberty Financial, etc.

The relative separation between World Liberty Financial and the Trump memecoin projects, both of which are trying to develop defi trading platforms, may help to explain the chaos around the latter’s wallet launch announcement yesterday.

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