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Cryptocurrency News Articles

Trump Launched His Crypto and Tik Tok Scams the Weekend Before Taking Office, Both Designed to Enrich Himself, Family Members and Cronies’ Net Worth Exponentially While Doing No Work and Producing Nothing of Value for Humanity. He’s Had Endless Scams Befo

Jan 20, 2025 at 08:13 am

We always make these entire weekend bulletins available to free subscribers. For the first few months of these, we have made about 60% of the Mon-Fri bulletins available for free subscribers. As I mentioned previously a few times, that will go to 30% next week for the M-F bulletins with these weekend bulletins remaining 100% free.

Trump Launched His Crypto and Tik Tok Scams the Weekend Before Taking Office, Both Designed to Enrich Himself, Family Members and Cronies’ Net Worth Exponentially While Doing No Work and Producing Nothing of Value for Humanity. He’s Had Endless Scams Befo

… Trump kicked off his crypto and Tik Tok scams the weekend before taking office, both designed to enrich himself, family members and cronies’ net worth exponentially while doing no work and producing nothing of value for humanity. He’s had endless scams before over the years, but these may end up being the biggest ones yet.

… CNN reported that Trump’s 80% stake in his new Crypto is now worth $25 billion after one day of trading. Not a bad payday for having to do absolutely nothing for it.

… From a non-partisan account on X that monitors and warns the public about Crypto scams: “I sign off for 24 hours, and Donald Trump has dropped what might be the biggest grift in crypto meme coin history: $TRUMP. Days before taking the presidency, he launches a coin with 80% allocated to him, unlocking over the next 3–12 months and throughout his presidency. Does he want the presidency—or just to scam? Buckle up, wild times are here.”

… After Trump fans complained about his post, he followed up with this: “This page is about as apolitical as it gets, but when I see the future president of the free world launching an 80%-allocated meme coin, I’m going to speak on it. Use your brain and move beyond your algorithmically driven ideology for a moment.”

… Another internet scam monitor posted this: “Dropping TRUMP memecoin 2 days before becoming president is nasty work. The new SEC/DOJ guarantees no prosecution. 80% of tokens vest to insiders DURING the presidency. Most people losing money will be MAGA who aren't crypto native. Should be a crime, but crime is legal now, I guess?”

… Trump posted this on Twitter in 2019: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.” But once someone explained to him how he could scam many billions by doing nothing, he quickly became a fan.

We always make these entire weekend bulletins available to free subscribers. For the first few months of these, we have made about 60% of the Mon-Fri bulletins available for free subscribers. As I mentioned previously a few times, that will go to 30% next week for the M-F bulletins with these weekend bulletins remaining 100% free. Thank you to paid subscribers supporting our work and free subscribers for reading and sharing it!

Meidas+ is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

… Then Trump got busy with his Tik Tok scam, where he played arsonist taking advantage of his own fire. I predicted in this column last week that Tik Tok would shut down their app on Saturday to get users panicked while blaming the Biden Admin, despite the fact that Biden already said he will not enforce the ban. Then Trump would come in to act like he’s their savior Then they would turn their app back on, praise Trump, and he would claim all the credit.

… Which is exactly how it went down this weekend. Tik Tok shut down their own app and posted a statement on Saturday night saying that they hope Trump will save them. Then at 7:03 AM on Sunday, Trump posts: “SAVE TIKTOK!” Tik Tok then turns their app back on and praises Trump (who did nothing). Trump then reveals his grift, which is the reason behind the whole scam: “I would like the US to have a 50% ownership position in a joint venture. Without US approval, there is no TikTok. With our approval, it is worth 100s of billions, maybe trillions.”

… He knows the US government is not allowed to do this. This is about forcing them to sell 50% of the company to his cronies where he gets a substantial cut. That is what’s going on here, along with trying to fool millions of Tik Tok creators/users that Trump saved their small businesses and daily social media experience.

… Tik Tok then sent this message to all their users: “Thank you for your patience and support. As a result of President Trump’s efforts, TikTok is back in the US!” Sounds exactly like something that would get posted by Chinese state media about Xi.

… Charlie Kirk then posted: “Trump saved TikTok! Gen Z voters should remember this.”

… Elon Musk let us know what he is looking for in this shady deal: “The current situation where Tik Tok is allowed to operate in America, but X is not allowed to operate in China, is unbalanced. Something needs to change.”

… The absurd thing about this whole saga is that Trump was the first one to call for a Tik Tok ban. He tried

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Other articles published on Jan 20, 2025