"BILL MAHER: It's all money laundering. Crypto is money laundering. You take real money and you buy this fake money, which is a pool of untraceable funds you can do anything with. That's why criminals use it for sex trafficking and drug trafficking and kidnapping and other criminal enterprise. And then you, whatever, they do whatever you want. And then, you can buy back the profit with your real money."
"MS NOW'S STEPHANIE RUHLE: Eric Trump said it in broad daylight, the reason the Trump family got involved in crypto was following January 6th when banks said, we're taking a break from you.. So when actually real regulated financial institutions said, We're taking a break. That's when they turned to crypto. And when they realized what a super grift and phenomenal hustle it was, they went all in."
Cryptocurrency was described as a vehicle for money laundering, enabling untraceable pools of funds used in sex trafficking, drug trafficking, kidnapping, and other criminal enterprises. The Trump family reportedly turned to crypto after regulated banks paused business following January 6, then escalated involvement when the venture proved lucrative. A Binance-affiliated investor, identified as CZ, allegedly purchased a large stake in the Trump family crypto venture World Liberty Financial and subsequently received leniency. The investor is reported to remain one of the largest holders of Trump-branded meme coins and the underlying business, maintaining significant financial ties.
Read at www.mediaite.com
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