Politics
Trump Reports 1.4 Billion Dollars in Cryptocurrency Income While Deregulating Industry
Reality Check with Ross Coulthart
Are socialists taking over the Democratic party? | On Balance Full Show
What was said
"President Trump has made over a billion dollars in cryptocurrency since assuming office, $1.4 billion dollars in income. Of course, he oversees the regulation, or I guess it's more accurate to say deregulation of the crypto markets. Doesn't this look like just deep corruption? The very industry that he's supposed to be in charge of and overseeing, he's raking in $1.4 billion dollars out of."
President Trump reported earning $1.4 billion from cryptocurrency ventures while his administration simultaneously deregulates the crypto industry, raising concerns about conflicts of interest. When pressed by the host, Georgia Congressman Richard McCormack acknowledged the appearance problem but said Trump was not breaking any laws, arguing instead for consistent ethics rules across all branches of government. The New York Post, typically sympathetic to Trump, also questioned whether this constituted corruption.
Verification status
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- Programme
- Reality Check with Ross Coulthart
- Episode
- Are socialists taking over the Democratic party? | On Balance Full Show
- Clip time
- 29:55
- Original source
- Watch the source segment →
From this episode
Reality Check with Ross Coulthart