'Crypto Is the Biggest Corruption Issue With Trump':

[Passages]

CounterSpin interview with Bartlett Naylor on Trump crypto grift

Janine Jackson

May 14, 2025

SNIP
So a meme coin is generally a term of derision within the cryptocurrency community for a coin that is simply developed as a joke to make fun of something, to take advantage of an internet theme. Folks have heard of Bitcoin, and a meme coin, like Bitcoin, is simply a digital receipt that you paid money for something. It’s not shares in a company that is an enterprise that, ideally, would make a profit and pay you a dividend. It’s just a digital receipt. With Bitcoin, you could sell that to somebody else, and if they paid you more than you paid for it, you’d make money.

And that’s the idea with Trump’s meme coin, which surprisingly, for such a selfless guy, he named $Trump. So when you buy one, you are basically sending him money, and you’re also having a trading fee, which is where he’s actually made most of his money, which also goes to Donald Trump.

You get nothing, according to him. He even says on the website, “This is not an investment opportunity. You should do this to celebrate me, to celebrate my leadership, my willingness to fight, fight, fight.”

And he announced a few weeks ago that those 220 that buy the most will be invited to a dinner with him. It’s been a little unclear, sometimes he says the White House; other times he says it’s a golf club near Washington, DC.

https://fair.org/home/crypto-is-the-biggest-corruption-issue-with-trump/

The Grifter in Chief