John Oliver, on his HBO show Last Week Tonight, fiercely criticized Donald Trump’s involvement in cryptocurrency, calling it « flagrantly corrupt and compromised. » The TRUMP memecoin trades near $1.48, down about 6% over the past day, while Bitcoin hovers around $63,460, down roughly 2%. Oliver highlighted that Trump reportedly generated over $2.2 billion in personal income during his first year back in office, with approximately $1.4 billion coming from crypto ventures including NFTs, memecoins, and World Liberty Financial. He described the TRUMP memecoin as a classic pump and dump, with insiders selling into strength while retail investors absorbed steep losses. Ethics lawyers warn that a sitting president earning substantial crypto revenue creates an obvious conflict of interest.
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