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On this episode of Fortune’s Crypto Playbook, Jeff and Leo discuss revelations about the “spy sheikh” and Trump’s World Liberty Financial, Tether’s Swiss bunker of gold, and whether Trump’s involvement in crypto is helping or hurting the industry. 00:31 Cold Open 00:55 Introduction 01:31 The spy sheikh scandal 02:28 What is World Liberty Financial? 03:40 WLF tokens and the sheikh 04:22 Trump opens controls to UAE 04:51 WLF argument 05:35 The CLARITY Act and “gryfto” 07:20 Conflict of interest arguments 08:48 Is Trump hurting crypto? 11:02 Bitcoin’s weekend drop 12:00 Bitcoin’s continued importance 12:46 Fluctuations in precious metals 13:26 Tether’s stash of gold 15:20 US digital-asset robbery 17:30 Repercussions of stolen US Bitcoin 18:20 Leo on TRM Labs 20:22 Benefits of transparency Subscribe to Fortune's YouTube: http://www.youtube.com/subscription_c... Subscribe to Fortune: https://fortune.com/subscribe/?utm_so... Fortune Magazine is a global leader in business journalism with 55 million monthly page views and a readership of nearly 32 million, with major franchises including the Fortune 500 and the Fortune 100 Best Companies to Work For. The new Fortune video channel dives into personal stories from business owners and entrepreneurs becoming successful in business and sharing their tips to help you reach your goals. Website: http://fortune.com/ Facebook: / fortunemagazine Twitter: / fortunemagazine TikTok: / fortune