Legal AF by MeidasTouch - Trump Gets Utterly Duped as Scammer Flips the Script
Episode Date: June 4, 2025Is anyone shocked that in the wild wild unregulated West of Cryptocurrency, someone may have just defrauded the Trumps by launching an “approved” $Trump meme digital wallet with Trump’s likeness... that the Trump family knows nothing about? Michael Popok reports on a the launch of the $Trump meme wallet, that quickly led to denials by Eric and Don Jr! Upgrade your sleep with Miracle Made! Go to https://TryMiracle.com/LEGALAF and use the code LEGALAF to claim your FREE 3 PIECE TOWEL SET and SAVE over 40% OFF. Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
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operating agreement with iGaming Ontario. See, when you lie down with dogs,
sometimes you get fleas. And the cryptocurrency business is a little bit
sleazy that way. And I think that's one of the appeals for Donald Trump. But now
we got new reporting.
Uh-oh, there's a new announcement
that looked like it was a Trump branded crypto wallet
to hold meme coins called Dollar Sign Trump,
just how I like my American presidents with dollar signs
that start their name off.
I don't remember that when he swore in his oath of office.
But now we've got reporting that that meme wallet is phony or at least it's
not sanctioned by the Trump family because the Trump family is working on a meme wallet but looks
like a company that is involved with the non-fungible token business called Magic Eden jumped the gun
and that led to the two freightos of the Trump crime family, Eric Trump and Don Jr. both simultaneously
having to take to social media denying
that the Trump wallet was real
or that it was sanctioned in any way.
Uh-oh, this is the type of story I love to tell.
Here on Midas Touch and on Legal AF on Michael Popok,
let's get into it.
Put on my cryptocurrency hat.
Cryptocurrency, time for a primer. What happened? There's a thing
called a wallet. It's electronic, just like the digital asset that goes inside of it, which is in
a form of cryptocurrency. The lowest form of cryptocurrency is something called a meme coin.
There's absolutely nothing behind it. Sure, it's created through mathematical algorithms and
computing, but in reality, it's just a madeup coin that somebody hopes you'll buy and trade up in value and trade a lot of so they make
money. There's things called like the fart coin. I am NOT making this up. Or
other meme type coins including Trump coin. That was the meme coin that Donald
Trump just held a dinner in Virginia that you and I paid for that had the 200 top wallets
holding meme coins show up, basically pay to play
to get into the room to have FaceTime with the president.
We paid for it because we're taxpayers.
And he went there with all failings of Secret Service
and all of the black SUVs and all of that good stuff.
So he made hundreds of millions of dollars that night.
The family's gonna make billions of dollars
before this whole thing is over.
And they, the Trump family, love cryptocurrency
because it's a way to sell themselves,
make a lot of money without any regulation,
and foreign investors love to invest in the Trump family
because they think they're buying influence.
They think they are because they are.
This is influence peddling folks
without violating federal campaign law.
So you have meme coins.
Donald Trump loves meme coins.
Not because his face digitally is on there,
but because he also owns the platform
for the buy and the sell.
He owns the liquidity pool that allows for the buy and the sell. He owns the liquidity pool
that allows for the buy and the sell.
He makes the market, he's the broker, if you will.
So he doesn't care what the value of the meme stock,
the meme coin is, he just cares that it's bought
and it's sold and it's bought and it's sold.
The higher the volume, the more the Trump family makes.
They make hundreds of millions of dollars every month
or every six months in the buy and the sell
of these meme coins. So it's in his interest to push, push, push
and use the White House as his personal printing press.
If you don't like the way this sounds,
then you're gonna love the new law
that's being proposed by the Democrats
led by representative Richie Torres out of New York,
who I'm gonna have as a guest in an interview
on Legal AF this week, to put a stop to all of this.
And some of you around the world might think,
isn't there an Securities and Exchange Commission
out there to regulate this?
No, Donald Trump defanged them.
Isn't there a Cryptocurrency Commission to regulate this?
No, because Donald Trump doesn't want any of those laws.
He just wants all gas and no breaks.
That brings me to the crypto wallet.
So to hold these digital assets,
which are generated
by server farms and lots of electricity and lots of computing, terrible for the environment by the
way, to spit out one digital coin, you got to hold it somewhere like in a digital wallet, you can make
money owning the wallet. So somebody launched what we thought was a Trump approved, meaning he gets
a VIG, he gets a stake in it. Trump approved, dollar sign, Trump wallet,
waiting list, join now.
And we're like, all right.
We looked at the bottom,
did it say world liberty finance?
No.
No, that's sorta weird.
Then it gets traced back by CNBC and others to Magic Eden.
Why do we know Magic Eden?
Or why should we?
Well, they were in the non-fungible token business,
the NFT business.
What's that? Remember Donald Trump's trading cards that he sold while he was on the campaign trail
with him cosplaying as an astronaut and a cowboy and it was like the village people, but for
Donald Trump. And people would buy and sell these trading cards, these digital trading cards. So
there was a market for it, there was value.
I mean, the NFT market effectively crashed.
People were buying things like,
oh, the first YouTube episode of whatever,
and whatever could be converted digitally,
usually video or audio items,
they, and with a digital signature,
they could be bought and sold,
almost like works of art, but not really.
And so the NFT market was dominated by players
like Magic Eden, who worked with Donald Trump on his NFT.
See the link?
So when Magic Eden gets linked back to the meme wall,
and I'm like, all right, well, that makes sense.
They used them before, why wouldn't they use them now?
And then come the postings from Fredo One and Fredo Two
of the Trump crime family.
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Don Jr. and Eric.
And all of them say the same thing.
I run the Trump Organization.
I don't know anything about this, Eric Trump says.
Don Jr. says the Trump Organization has not sanctioned this and we're not involved.
Why is anybody shocked that in the sleazy world of cryptocurrency, and my apologies
to people who are invested heavily in it, I see all the crypto conferences in New York, I got some friends
that went, hey, I'm here with Mayor Adams. You mean the guy that should be a convict?
We're in Vegas, woo, cryptocurrency. Yeah, yeah. Because if you have no morals or ethics,
and you just care about making a lot of money and you've got a felon in chief
that loves cryptocurrency, then get on his coattails.
I get it.
I mean, I had cryptocurrency before it was popular.
I understand it.
I got family members that worked in the cryptocurrency business until those companies went under.
I understand it intimately.
However, I would not put lots of money into it
banking on Donald Trump.
But Donald Trump is, because this is the number one way
that he figured out that he can line his pockets
and that of his family and make tons of money
with a velocity that's unmatched.
He couldn't make this many real estate deals
to make this kind of money.
$5 billion new Abu Dhabi golf course. That's chump change.
He's going to make that in the first quarter in the buy and sell with meme coins and cryptocurrency
and mining. He owns it all. He owns a major with his family cryptocurrency mining company that
makes Bitcoin. He owns the wallet. He owns the exchange, if you will,
for the buy and the sell, the liquidity pool.
He owns meme coins.
He sells meme coins.
Do you see where this is going?
So is anybody shocked that in that world,
somebody either jumped the gun
or is ripping off the Trump family in this world?
I mean, they got into business
through Steve Witkoff into
cryptocurrency. Who's that? Well that's your Secretary of State. Now some people
are gonna write in the my comments, no Popak it's Marco Rubio and I'm gonna say
it may look like Marco Rubio but the guy who's running around as the special
envoy for Donald Trump is a guy named Steve Witkoff who is his Florida golf
buddy and a fellow small-time developer. And Witkoff is running around meeting with Putin, meeting with Israel, negotiating the Iranian nuclear deal.
I am not making this up.
And he got Donald Trump into cryptocurrency.
He introduced Trump and apparently Barron Trump to two tech bros, crypto bros, one of which went to jail.
And introduced them to set up World Liberty Finance during the campaign.
And if you think our cryptocurrency policies as a nation are being warped because Donald Trump
is heavily invested in cryptocurrency, you would be right. And so it is, there is a cosmic justice
about this hot take that somebody jumped the gun and or ripped off Donald Trump
in his ripping off of America and selling the presidency in plain sight. We keep calling it
out for a reason because we can't have Trump fatigue on this channel. We just can't. We've
got to focus it. We've got to train our artillery on it because we've got to take it into the midterms
train our artillery on it because we've got to take it into the midterms with it, with us, and that will animate us and motivate us to stand in long lines to vote, to mail
in vote, whatever the rules are related to that, and to run the bastards out on a rail.
That's it.
That's the action plan.
I can't put it any other way.
I'm glad you're here.
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