John Oliver strongly criticized in his show « Last Week Tonight » the financial ties between Donald Trump and the cryptocurrency ecosystem. The president’s recent financial disclosures reveal personal income exceeding $2.2 billion during his first year back in office, with $1.2 billion coming from crypto. The meme coins launched by Trump and the First Lady crashed 92% and 99% from their early highs, causing estimated losses of $3.8 billion for approximately one million retail traders. John Oliver also highlighted questionable practices at World Liberty Financial, including a $45 million investment by TRON’s Justin Sun before an SEC fraud case settlement, and a $263 million deal with Emirati interests that led to eased restrictions on Nvidia AI chips. The CLARITY Act, which would have transferred regulatory oversight from the SEC to the CFTC, now has its odds of passage this year dropping to 31% according to prediction markets.
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