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Trump Meme Coins and the New Era of Digital Political Corruption | Pivot

January 22, 2025 / 06:11

This episode discusses President Trump's involvement in cryptocurrency, specifically the launch of his own meme coin and its implications for corruption. The conversation highlights the potential for bribery and manipulation in the crypto space, particularly with foreign investments.

Scott and the host express their concerns over the $8.4 billion valuation of Trump's meme coins and the risks associated with digital assets becoming a tool for corruption. They mention the possibility of foreign governments, like Russia, using these coins for illicit activities.

The discussion touches on the broader implications of cryptocurrency on American values, civil rights, and the rule of law. They argue that the current state of crypto could lead to a system where wealth dictates power and influence, undermining democratic principles.

They also address the lack of regulatory oversight from agencies like the SEC and the IRS, suggesting that these institutions have been compromised. The episode concludes with a call for more reporting and awareness regarding the dangers of this new financial landscape.

TL;DR

Trump's launch of meme coins raises concerns about corruption and bribery in cryptocurrency.

Video

00:00:00
this is the most important story I think
00:00:02
Scott and I are both totally offended by
00:00:03
this and I think it is actually a
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serious problem of of corruption Trump
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and Milan have uh released their own
00:00:09
individual crypto meme coins they're
00:00:11
called just so you know Meme coin these
00:00:13
kind of coins are called shitcoins Uh
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there's a fart coin in case you're
00:00:16
interested and many others like it as of
00:00:18
Tuesday Morning the two coins were worth
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$8.4 billion combined president Trump's
00:00:22
reported planning executive order to
00:00:24
make digital assets a national priority
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while he can while he promises to
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release 1 billion of his own coin in the
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next 3 years uh this is just they don't
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have to stay at the Trump Hotel anymore
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they can just bring the receipts for
00:00:34
buying his shitty his shitcoin
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essentially this is really bad this is
00:00:39
bad staying at the Trump Hotel or
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playing golf there where he saw the
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Ledger of golf officials uh buying stock
00:00:46
in Donald Trump media that was all
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Checkers compared to this chess because
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with Donald Trump media he has to file
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with the SEC a public document saying
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I'm selling shares the price would crash
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now the following conversation
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I would speculate will or already has
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happened and that is President Trump
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congratulations on your enormous Victory
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it's your good buddy Vlad and guess what
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we're thinking of doing the treasury
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here in Russia is thinking of investing
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$600 billion do for a variety of reasons
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in cryptocurrencies specifically the
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Trump coin and my economists wouldn't
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you know it have calculated that based
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on the small float of a half a billion
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dollars when we pulse in 600 billion
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rubles or $10 billion that's going to
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take the market cap of this thing easily
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to 50 or 660 billion do and should you
00:01:33
decide to sell 20% of your stake
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overnight what do you know and I just
00:01:37
bring this up you'll become one of the
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five wealthiest men in America and in un
00:01:41
and you don't have to say and and nobody
00:01:43
will know and in unrelated news
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president Trump we would like you to
00:01:47
seize arms shipments to Ukraine I mean
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this is just so this is bribery r large
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they have created it's kind of a bond
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this is what they thought Bitcoin would
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be used for bribery corruption
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pornography
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mer this is the I'll tell you a lot of
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crypto people are like horrified because
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they kind of they were like great we're
00:02:07
finally getting our legs under us around
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some really important you know
00:02:11
legislation what if you can't get what
00:02:13
if you can't get two or three two or
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three Republican Senators on board for a
00:02:17
federal ban of abortion and he just
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calls him and says hey on the down low
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you're old you're leaving I can give you
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$10
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million in crypto to your fund or to
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another account you name and no ever
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know no one will ever know oh uh Taiwan
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or China you're about to invade
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Taiwan we don't need to do a coverly
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just call them what if he just calls
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both of them and says it's eBay for
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geopolitics whoever buys more trumpcoin
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gets us intelligence and some of our
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heavy mat uh heavy armaments and or
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smania or buy or maybe and nobody has to
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know nobody I can sell it I can buy it
00:03:00
buyers and sellers totally opaque this
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is this is America America has more from
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a platform that used to be about
00:03:08
prosperity and making money I think
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that's wonderful such that we can tax
00:03:11
these people and again invest in the
00:03:13
middle class it's important to have that
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ambition it's important to make money
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it's a wonderful thing but we also were
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a platform for civil rights for rule of
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law for electing a group of people that
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had uh laws uh that recognize conflicts
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of interest such that they could think
00:03:29
with some level of patriotism about
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preventing a tragedy the commons long
00:03:33
term and do what was right for all
00:03:35
Americans and then we could project
00:03:36
those values overseas and try and
00:03:39
Advance women's rights try and Advance
00:03:41
democracy try and do away with honor
00:03:43
killings and do away with child marriage
00:03:45
and child child we could project our now
00:03:49
all of that has been crowded into a tiny
00:03:52
little box and America is essentially
00:03:54
becoming a platform for how do you make
00:03:56
the jump to light speed and it's a
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Hunger Games and if you make money have
00:03:59
a remarkable life and you get to sit up
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front with your hot wife but everybody
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else unless you have money sorry folks
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you're not even you're not on stage this
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really has gone the and they run media
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they run all the M coin his coin is
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literally the democratization of
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kleptocracy that's what you said it's it
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is it's it this this is the thing people
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must pay attention to and do as much
00:04:23
reporting on as possible is this bribery
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system that they've put into place and
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it may have already happened we don't
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even know yeah that we don't even know
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we don't even know we don't even know
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and of course they've now captured the
00:04:33
IRS so there's not going to be any
00:04:35
investigation by the SEC they've
00:04:37
captured the SEC there's no way to it's
00:04:40
up to reporters who they're putting the
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pressure on to be silence right A lot of
00:04:44
people are definitely pulling back I
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mean a lot of the coverage was like look
00:04:48
at the pageantry of normaly of power
00:04:50
like they they didn't mention felon once
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they didn't mention the insur they did
00:04:54
mention the Insurrection several times
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isn't it ironic this is where the
00:04:59
Insurrection happened and they're
00:05:01
sitting there right they're all sitting
00:05:02
there as if nothing happened they did
00:05:04
mention that but for the most part
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everyone's going to be pulling back they
00:05:07
are they're absolutely going to be
00:05:09
pulling back and you're not going to see
00:05:10
it and that is what Russia is Russia is
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is a broken hollowed out uh State full
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of people halves and have knots of
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really making nothing no innovation and
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instead uh just that Tableau of the tech
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people up there should tell you every
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single thing you need to know about this
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particular what's about to happen uh
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hopefully they'll be push back I don't
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we'll talk about that in another in the
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next episode like what is the actual
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push back what is the way to control it
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because they do have their hands on the
00:05:44
AI they have their hands on crypto which
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by the way they revoked that executive
00:05:47
order that was one of the executive
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orders they they undid was Biden's AI y
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Biden's AI which was quite a good Fair
00:05:54
one I thought um they just don't want
00:05:56
any business I I would um yeah I this
00:06:00
crypto thing is really bad it's like
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just it's just as you said Scott
00:06:04
democratized corruption

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Episode Highlights

  • Corruption in America
    The conversation reveals a troubling connection between crypto and political corruption.
    “This is really bad.”
    @ 00m 36s
    January 22, 2025
  • Trump's Crypto Coin
    Trump plans to release his own cryptocurrency, raising concerns about corruption and bribery.
    “This is the democratization of kleptocracy.”
    @ 04m 15s
    January 22, 2025

Episode Quotes

Key Moments

  • Corruption Concerns00:05
  • Crypto Meme Coins00:09
  • Trump Coin00:27
  • Democratization of Corruption04:15
  • Bribery System04:25

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