Sen. Blumenthal on Trump Amid Cryptocurrency: That’s Where He Made Most of the $2.2B, Corruption Has Consequences

RUSH EXCERPT:
BLUMENTHAL: "Well, you’re absolutely right to start with crypto because that’s where he made most of the $2.2 billion. That’s b billion dollars last year, 1.4 billion of it came from crypto schemes. And you’re also right that this corruption has cost corruption has consequences that increased the problems of of affordability in this country. The two are linked affordability and accountability. We need to lower the costs of everything from fuel to fertilizers to fuel. But corruption, such as what happened with crypto, has consequences. What happened? Well, he took a lot of money from foreign governments, the uae, for example, that put hundreds of millions into world liberty financial. He had a stablecoin that was essentially a pump and dump operation. He issued it at a very high price. It cratered, but he sold his share before it cratered. 3 million Americans lost $3 billion as a result. How do we get under the hood? Well, we need to use subpoenas if necessary. My last letter to all of those corporations and individuals who have made donations or otherwise benefited Trump was a shot across the bow. It was a notice to them and a warning. Give us the information or we will subpoena you. And they will not have the same kinds of defenses that a member of the executive Branch might have to comply with the subpoena. So we’re going to use those tools."