This NPR Planet Money Indicator podcast episode investigates the legality and financial implications of the "Trump coin," a cryptocurrency venture associated with former President Donald Trump. The episode details the coin's mechanics, its profitability (over $300 million in initial sales and potential for billions more), and the identities of some of its top buyers, including a Chinese billionaire facing fraud charges. The podcast explores potential legal issues, including violations of the Foreign Emoluments Clause and federal campaign finance laws, citing concerns about foreign influence and pay-to-play politics. Despite attempts to contact the Trump Organization for comment, the podcast concludes with the White House Press Secretary's statement that the President acts solely in the interests of the American public.
