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Trump’s Crypto Profiteering Is Worse Than You Think

On Tech Won't Save Us: Jacob Silverman on how Trump is enriching himself through crypto scams.

Paris Marx

July 31, 2025

Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, on Saturday, July 27, 2024. (Brett Carlsen / Bloomberg via Getty Images)

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Trump’s Crypto Profiteering Is Worse Than You Think | Tech Won’t Save Us
byThe Nation Magazine

Paris Marx is joined by Jacob Silverman to discuss Sequoia partner Shaun Maguire’s Islamophobic attack on Zohran Mamdani, what it tells us about the state of tech’s politics, and how Donald Trump is enriching himself through crypto scams.

Jacob Silverman is a journalist and the author of the forthcoming book Gilded Rage: Elon Musk and the Radicalization of Silicon Valley.

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Paris Marx is joined by Jacob Silverman to discuss Sequoia partner Shaun Maguire’s Islamophobic attack on Zohran Mamdani, what it tells us about the state of tech’s politics, and how Donald Trump is enriching himself through crypto scams.

Jacob Silverman is a journalist and the author of the forthcoming book Gilded Rage: Elon Musk and the Radicalization of Silicon Valley.

Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.

The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

The Problem with “CEO Said a Thing” Journalism w/ Karl Bode | Tech Won’t Save Us
byThe Nation Magazine

Paris Marx is joined by Karl Bode to discuss how tech journalists coupled with corporate interests are irresponsibly boosting the profile of tech CEOs, further damaging public trust in institutional journalism and highlighting the need for publicly funded media organizations.

Karl Bode is a freelance reporter and writes The Fine Print newsletter.

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Subscribe to The Nation to Support all of our podcasts

Paris MarxParis Marx is a tech critic and host of the Tech Won’t Save Us podcast. He writes the Disconnect newsletter and is the author of Road to Nowhere: What Silicon Valley Gets Wrong about the Future of Transportation.


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