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The Journal.

The Crypto President: Part 1

4/24/202626 min

At the height of Donald Trump’s presidential campaign for re-election in 2024, Trump gathered with his sons and longtime friend Steve Witkoff to launch a new money machine: a crypto company called World Liberty Financial. Since its launch less than two years ago, the company has earned the Trump family at least $1.2 billion dollars. It turns out much of that has come from secret business dealings with foreign-owned companies.  In the first of two episodes diving into World Liberty Financial, WSJ’s Angus Berwick explains how a billionaire felon boosted Trump’s crypto company en route to a presidential pardon. Hosted by Jessica Mendoza. Further Listening: - Big Banks vs. Big Crypto

  • Severed Fingers and Wrench Attacks: A New Era in Crypto Crime Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Clips

Trump Family’s Crypto Payday
The $2 Billion Catalyst
Binance Built Trump Stablecoin
Secret Stake, Bigger Questions
Pardon As Crypto Lifeline
USD1’s Cash Machine

Transcript preview

First 90 seconds

  1. Jessica Mendoza· Host0:00

    Hey everyone, it's Jess.

  2. Ryan Knutson· Host0:01

    And Ryan. A quick heads up before we begin, our next live show is just days away.

  3. Jessica Mendoza· Host0:07

    It's happening Tuesday, April 28th. The Journal Podcast is gonna be in Los Angeles at the El Rey Theater.

  4. Ryan Knutson· Host0:13

    We'll have Oscar and Emmy winner Riz Ahmed.

  5. Jessica Mendoza· Host0:16

    And TV and film producer Franklin Leonard, who created The Black List.

  6. Ryan Knutson· Host0:20

    We'll be talking about the future of Hollywood, plus a few other fun surprises.

  7. Jessica Mendoza· Host0:24

    And there's still a few tickets left, so grab yours now.

  8. Ryan Knutson· Host0:28

    Find the link in our show notes.

  9. Jessica Mendoza· Host0:29

    See you there April 28th.

  10. Ryan Knutson· Host0:31

    See you there April 28th. Can't wait to meet you.

  11. Speaker 20:32

    Join me live on Twitter Spaces at 8:00 PM this September 16th for the launch of World Liberty Financial.

  12. Jessica Mendoza· Host0:46

    In September of 2024, in the final months of Donald Trump's presidential campaign for reelection, he sat down in front of a mic and camera in the library at Mar-a-Lago. He was launching a new crypto company, World Liberty Financial.

  13. Speaker 21:04

    It's a fledgling business, and yet it's a massive business, but it has a chance to really be something special. And when I- Also at the announcement was Trump's longtime friend, Steve Witkoff. The people, Steve Witkoff, a great friend of mine, a great, uh, great businessman from mostly- Witkoff weaved in and out of the room throughout the launch.

  14. Jessica Mendoza· Host1:23

    At one point, he hopped on the mic to talk about how World Liberty Financial came to be.

  15. Steve Witkoff· Soundbite1:29

    And so

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