This is how Trump’s cryptocurrency scam rips off MAGA to pay himself and his billionaire friends.
Trump’s enriching himself and his billionaires with government-backed cryptocurrency will be paid for by his MAGA base. When they get woke, they will get mad.
Please support Independent Media Today!
We are grateful for our Paid Subscribers and Free Subscribers. Misinformation funded by the deep pockets of our Oligarchy floods the internet. We are using all our platforms on-air, online, and in publications to counter that. Please invest the equivalent of less than a coffee to ensure we can keep doing this effectively. You get premium content, our books, & more!
Trump cryptocurrency scam
Summary
The video exposes how Donald Trump and Melania have created cryptocurrency tokens, instantly generating billions of dollars without producing anything of real value. It explains how cryptocurrency is inherently speculative and backed by hype, making it a perfect vehicle for financial scams. The narrative warns that Trump will push for the U.S. government to back cryptocurrency, effectively converting his imaginary wealth into real taxpayer dollars. This would be one of the biggest financial scams in American history, enriching Trump and his billionaire allies while leaving ordinary Americans to foot the bill.
Key Takeaways
Trump’s Cryptocurrency Scam: Trump and Melania’s cryptocurrencies have a market value of $6 billion despite being based on nothing tangible.
No Real Value: Cryptocurrency is an abstract financial instrument that exists purely through speculation, consuming massive energy but producing nothing of actual worth.
Government Bailout Threat: Trump wants the U.S. government to invest in cryptocurrency, using taxpayer dollars to prop up his financial scheme.
A Scam on Working Americans: MAGA supporters and other crypto buyers are unknowingly funding Trump’s wealth while he prepares to cash out when the bubble bursts.
Financial Elites Get Richer: The wealthy will continue to use crypto as a loophole for tax evasion, illicit transactions, and financial manipulation while everyday people suffer the consequences.
Progressive Perspective
Trump’s cryptocurrency con is the latest in a long line of scams where the ultra-rich exploit working Americans, using false promises and manufactured crises to extract wealth from the economy. This is capitalism—it’s financial theft disguised as innovation. If Americans don’t push back with stronger regulations and public awareness, Trump’s billionaire class will keep rigging the system, leaving taxpayers to clean up the mess while they cash in on deception.
We need your support more than ever!
Did you see how the mainstream media is normalizing Trump? His unlawful presidential orders went unchallenged or ignored, which is how we slide into fascism and autocracy. Independent media needs your support now to augment our resources and directly connect with our citizens. Supporting us costs less than a coffee. Can you do that today? Paid supporters get premium access to our articles, podcasts, and books.
Premium Content
Cryptocurrency has long been a volatile and speculative financial instrument, often criticized for its lack of intrinsic value, high energy consumption, and susceptibility to fraud. However, in the hands of Donald Trump, cryptocurrency has evolved into something even more dangerous—a vehicle for personal enrichment at the expense of his loyal supporters and, potentially, the U.S. economy.
Trump has effectively conjured billions of dollars out of thin air by attaching his name and Melania’s to a cryptocurrency, inflating its value through nothing but branding and hype. This is a massive grift that preys on the very MAGA base that continues to worship him, selling them worthless digital tokens while ensuring that he and his billionaire allies walk away with real money. Trump is plotting an even bigger scam—one that could see American taxpayers unwittingly bailing out the crypto industry and further legitimizing a financial system built on deception.
Trump’s $6 Billion Phantom Wealth Scheme
Trump and Melania’s meme cryptocurrencies, with a combined market valuation of approximately $6 billion, exist solely because a group of speculators decided to assign them worth. Unlike traditional currencies, which are backed by governments and economies, or even stocks, which represent ownership in a company, these crypto coins are backed by nothing but Trump’s brand. And yet, their existence has already made Trump an instant multi-billionaire—without him having done any work, produced anything of value, or invested in anything tangible.
This epitomizes the modern-day financial scam: wealth generated not through labor, innovation, or productivity but through artificial scarcity and speculative bubbles. As Reich points out, cryptocurrency is an abstract financial instrument that thrives on hype. The only thing keeping these Trump-related tokens afloat is the irrational faith of his supporters—many of whom have already been duped into donating to his various legal defense funds and shady PACs.
But Trump and his allies aren’t content with merely fleecing his base through crypto speculation. They want the U.S. government to legitimize and invest in cryptocurrency, essentially turning their digital Ponzi scheme into a publicly backed financial instrument.
Trump’s Ultimate Crypto Con: Turning Nothing into Taxpayer-Backed Dollars
Trump’s next move, should he regain power, is to force the U.S. government into directly investing in cryptocurrency. This would mean that the federal government—using taxpayer dollars—would back an asset class currently worth only what the next fool is willing to pay for it.
If Trump were to succeed in this endeavor, it would allow him and his wealthy crypto allies to cash out their holdings at the peak, converting their speculative digital assets into real U.S. dollars at the expense of ordinary Americans. The government’s intervention would artificially inflate the value of crypto, giving Trump and his cronies a convenient exit strategy before the inevitable collapse.
This isn’t just a financial scam—it’s a policy-driven looting of the American people. The same MAGA loyalists who rail against so-called “big government” and “socialism” would be funding a massive corporate welfare scheme for the ultra-rich. It’s the 2008 financial crisis playbook: privatized profits and socialized losses.
The Crypto Industry’s Role in Trump’s Scheme
As an industry, cryptocurrency is notorious for its fraudulent actors, money laundering schemes, and market manipulations. Unlike traditional financial institutions, crypto exchanges operate with minimal oversight, making them a haven for illicit activity, including drug trafficking, terrorism financing, and tax evasion.
By pushing for government recognition of cryptocurrency, Trump is ensuring a windfall for himself and the entire industry that supports him. Billionaire crypto investors—many of whom were early backers of Trump’s 2024 campaign—stand to gain massively if crypto receives formal backing from the U.S. government.
Let’s be clear: cryptocurrency is not a legitimate alternative to the U.S. dollar. The dollar is backed by the full faith and credit of the United States government, the world’s largest and most powerful economy. Its value is derived from the stability and strength of the American economy, not from speculation or artificial hype. In contrast, cryptocurrency has no intrinsic value. It is a financial fantasy world built on the greater fool theory—the idea that someone will always be willing to buy in at a higher price.
Ironically, the previous instantiation of Trump said that cryptocurrency, specifically Bitcoin, was a scam. The convicted felon has thrown himself entirely into the fraud.
Trump’s Crypto Scam is a Symptom of a Bigger Problem
Trump’s foray into cryptocurrency is just another example of how the ultra-wealthy manipulate financial markets to enrich themselves at the expense of working Americans. The real looters in this country aren’t the shoplifters stealing bread to survive—they are the financial elites who create complex, opaque schemes to extract wealth from the economy without producing anything of real value.
Trump’s latest grift is just one chapter in the ruling class’s long history of financial manipulation. From the 2008 Wall Street crash, where reckless bankers tanked the economy and got bailed out, to the corporate tax cuts of the Trump administration, which transferred trillions from public coffers to the wealthiest Americans, this is how the system is rigged.
But what makes this scam particularly insidious is that Trump’s supporters—working-class Americans who are already struggling—are the ones being scammed the hardest. These are the same people who cheered when Trump cut taxes for billionaires, believing he was “draining the swamp.” Now, many of them are pouring their hard-earned money into Trump-branded cryptocurrencies, thinking they are investing in something of value when, in reality, they are just lining the pockets of the rich.
Stopping the Crypto Grift Before It’s Too Late
If Trump regains power and implements his vision of a government-backed crypto market, it will be one of the greatest transfers of wealth from the public to the ultra-rich in American history. And like all speculative bubbles, this one will eventually burst, leaving ordinary Americans to clean up the mess.
The only way to prevent this is to demand strict regulation of cryptocurrency and expose the con for what it is. Congress must ensure that the U.S. government never legitimizes these speculative scams. The Securities and Exchange Commission (SEC) must crack down on fraudulent crypto schemes, and the public must be educated about the dangers of investing in unregulated digital assets.
Trump’s cryptocurrency scam is not just about enriching himself—it’s about solidifying the power of the billionaire class and ensuring that ordinary Americans remain financially enslaved to a system that rewards grift over genuine economic contribution. If the American people don’t wake up to the con, they will again find themselves paying the bill when the House of Cards inevitably collapses.
For those who claim to support Trump because he is a “successful businessman,” they should ask themselves: When has Trump ever built something real? From Trump University to his casino bankruptcies, his real estate frauds to his phony charities, the only thing Trump has ever successfully built is a brand—a brand that monetizes the desperation and gullibility of those who believe in him. His cryptocurrency scam is no different.
This is capitalism. This is not innovation. This is theft—on a massive, systemic scale. And unless Americans take a stand against it, Trump and his billionaire allies will laugh all the way to the bank while everyone else is left holding worthless digital tokens.
Egberto, thanks for spotlighting T’s crypto "grand scam" for looting the US Treasury and us taxpayers. Years ago, I registered the domain LOOTERS.US but never found time to populate a website. If anyone has the time, skill and desire, I’d be glad to collaborate on such a project.