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Published On: Thu, Sep 4th, 2025

Kara Swisher: Trump Brothers’ Crypto Business Is “The Same Thing” As Hunter Biden Trading Influence

Tech reporter Kara Swisher equated Donald Trump Jr. and Eric Trump’s stake in the crypto mining company American Bitcoin Corp. to Hunter Biden’s “trading influence” in an interview with CNN’s Kaitlan Collins on Wednesday. Swisher said the Trump brothers’ venture is even more corrupt than the “quaint” crime of trading influence.

KAITLAN COLLINS, CNN ANCHOR: Well, I guess the question is how you know if the value is real and what’s actually there. I mean, crypto is such a new industry that has, you know, been burgeoning for for over a decade, two decades. But now it seems to be gaining a new foothold because of the way that the White House is approaching it. KARA SWISHER, CNN CONTRIBUTOR, TECH REPORTER: Well, it could be like tulips, like and then it won’t be worth something or not. It’s not it’s it’s some of these are backed by dollars. Some of these are back. But there’s speculative currencies is what’s happening. They don’t they’re not used for anything in the world. Maybe blockchain will be maybe some crypto will be. But it’s an investment vehicle, essentially. And that’s what they’re doing. And so they’re taking advantage of this, the release of strictures on the crypto industry by the Trump administration. And then with their other hand, they’re grabbing for what they can get as much as they can. Of course, everyone wants to do business with the with the two sons because of the link with the father. And it’s kind of funny when they gave Hunter Biden such a hard time of trading influence. But this is the same thing. COLLINS: And selling his artwork and whatnot. I think about that because obviously with this one thing we hear from the White House is, you know, Trump didn’t have to run. He was so wealthy before, but he has become incredibly wealthy. This is real office. And so have his children. But, you know, being in Saudi Arabia during that investment forum, thinking about those relationships, obviously the ones that Steve Witkoff has as the Middle East envoy as well here. SWISHER: Right. That’s right. They’re trading on their influence, except before it was sort of quaint what they were doing, that it’s the son of the president tries to do this is in the Hunter Biden. And he didn’t think big enough. You know, this group is in front of like tariff deals. They go to the country and make some other deal, a hotel deal or whatever it happens to be. And then how Trump reacts on tariffs could be linked to it. But you can’t ever prove it. It’s kind of explicit corruption in plain sight. And so the question is, are these things worth anything? They’re worth what people will pay for them, especially some of these investors who are speculative. And some, you know, and some of them are just a joke. Some of these coins are just joke. But a lot of most people have lost value by buying into the most regular investors or, you know, the MAGA groups that buy into it have not made money. And then some people like Gavin Newsom is releasing a coin now after he does the university, Gavin University. COLLINS: But he’s really making fun of Trump. SWISHER: He is. But he might make money at it actually might do well. It might become a speculative instrument that people use. Whatever people want to buy, they will buy, including meme stocks like AMC and many others. I mean, it’s just what people will pay for.

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