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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.

How Mass Layoffs Changed Working in Tech w/ Clarissa Redwine & JS Tan / Tech Won’t Save Us
byThe Nation Magazine

Not long ago, tech jobs were sought after for their security, benefits, wages, and the progressive values promoted by Silicon Valley companies. But now workers are barely hanging on. Clarissa Redwine and JS Tan join Paris Marx to discuss the state of worker organizing in the tech industry, including how it’s changed since the mid-2010s and where it needs to go from here.

Clarissa Redwine is a tech worker and labor activist. JS Tan is a PhD candidate at MIT and writes the Value Added newsletter. They are the authors of Against Tech Oligarchy: Worker Resistance in the World's Most Powerful Industry.

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Paris MarxParis Marx is the author of Hyperscale: The Ambition and Excess of Big Tech's Data Empires. He hosts the Tech Won’t Save Us podcast and writes the Disconnect newsletter.


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