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Chris Murphy: “He reserves 80% of the coin. He waits to release that coin…”

Featuring: Chris Murphy, Democratic | U.S. Senate from Connecticut

Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History

Published March 6, 2025 | Video Starts at 07:08

And so it is just an open sewer valve that allows for anybody who is trying to influence the Trump administration to be able to secretly funnel money to Donald trump. He reserves 80% of the coin. He waits to release that coin until the price jumps back up again. which essentially means he's waiting for people who want favors from him to buy a bunch of the coin to inflate the value so that he releases more and makes more money. (07:08–07:16)

CLAIM

Asserts that [Trump] reserves 80% of [his meme] coin and releases it when the price increases.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Chris Murphy

“Vladimir Putin, for instance, has never had a job outside of government, but he's reportedly worth $200 billion.”
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“One of his [Putin's] many houses cost $1.4 billion to build.”
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“Supposedly, the landscaping costs on an annual basis for that house are $2 million alone.”
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“That $1.4 billion house was paid for by money he [Putin] stole from the Russian treasury.”
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“Putin, for instance, wears a watch that retails for a half a million dollars, even though his official salary is only $140,000.”
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“In the first six months of the Trump presidency, Trump and Elon Musk and their billionaire friends have engaged in a stunning rampage of…”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 03:24-03:39
“The things that have happened over the last six weeks are unprecedented.”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 04:25-04:32
“This White House is on its way to being the most corrupt in the history of the country.”
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“On January 17th, Trump launches the Meme Coin.”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 06:32-06:37
“The Meme Coin is essentially a mechanism by which Russian oligarchs or corporate CEOs can literally send money privately, directly to Donald…”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 06:40-06:52
“On January 20, Trump unveils his energy strategy. And what does it do? It preferences oil and gas.”
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“It freezes all permits on wind projects, both for the land and the sea.”
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“Five days later, Trump fires 17 inspectors general.”
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“On January 27th, Trump fires Quinn Wilcox from the NLRB.”
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“On January 30, Trump awards more than $800,000 worth of stock to several of the board members of the Trump Media and Technology Group.”
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“On February 23, a civil complaint from DOJ that had been pending against SpaceX, Elon Musk's signature company, is dropped.”
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“On February 1, Trump fires the director of the CFPB and announces plans to shut down to shutter the Consumer Financial Protection Board.”
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“On February 4, there is the first of two extraordinary meetings in the White House in which Donald Trump convenes his business partners, the…”
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“Pam Bondi, the AG, issues a memorandum [to] dull the criminal enforcement of the Foreign Agents Registration Act.”
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“Donald Trump directs the DOJ to pause enforcement of US laws that prohibit companies from paying bribes overseas.”
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“Goldman Sachs was engaged in outright bribery. They were paying bribes to Malaysian officials.”
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“The State Department is going to buy $400 million of armored Teslas.”
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“Trump revises that blueprint of spending so that now the federal government is going to spend $400 million on armored Teslas from Elon Musk.”
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“SpaceX has an employee injury rate that is nine times higher than the industry average.”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 17:27-17:32
“On February 15th and 16th, all over a weekend, there are 20 people fired.”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 18:12-18:16
“The federal government that they need to.”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 21:05-21:09
“They ultimately need something from the federal.”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 21:14-21:17
“Democracies die when the very powerful people.”
Murphy Six Weeks In, This White House Is On Its Way To Being The Most Corrupt In U.S. History | Uploaded March 6, 2025 | 26:37-26:42
“May think that all of this stuff.”
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“It has been a fact of life.”
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“For you this afternoon in the hopes that it is not too late for us to decide to stand up as a body and as a nation to.”
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“The Trump meme coin is not okay. It's not okay for.”
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“Interests before the federal government to be able to anonymously funnel money to the President of the United States.”
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“It's not okay to just cancel contracts that were going to Musk's competitors and substitute in his own business.”
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“This level of corruption was not occurring behind the scenes prior.”
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