On Sunday night, John Oliver returned to the “Last Week Tonight” table after his summer hiatus and, naturally, there were plenty to discuss.

The HBO host, whose contract expires at the end of 2026, and whose parent company is facing a likely acquisition by Paramount Skydance, putting the left-handed comedian directly in the crosshairs of a pro-Trump owner who has already implemented a series of pro-administration changes at CBS News, focused almost the entire show on President Trump, who had previously called cryptocurrencies “a disaster waiting to happen” that “may be false” on Fox Business, but now refers to himself as “the first crypto president.”

“Trump realized how much money he could personally end up making trading a speculative asset because it turned out to be a lot,” Oliver said. “His recent financial filings show that in just his first year back in office, his personal income grew to more than $2.2 billion, the majority of which came from his family’s crypto businesses, which generated around $1.4 billion. In fact, cryptocurrencies have become the family’s dominant business interest, eclipsing their real estate empire and any other businesses they have ever had.”

As Virginia Canter, a prominent ethics lawyer, stated, “This is like a perfect vehicle to funnel money into [Trump] and his family to enrich them.”

Oliver then looked at two of the Trump family’s major crypto ventures: their meme coins (or jokes turned into cryptocurrencies that have purely novelty value) and World Liberty Financial.

“Most meme coins, seemingly by design, basically follow the trajectory of pump and dump schemes. They rise in value when they first come out and then immediately crash with insiders selling at their peak,” Oliver explained.

You see, Trump and Melania launched meme coins right before their second inauguration, which skyrocketed in value and then plummeted. By the following December, Trump’s meme coin had lost 92% in value, while Melania’s was down 99%, but Trump pocketed $636 million. Trump even went so far as to host an intimate, private dinner for the top 220 holders of the Trump meme coin, thus offering “access to the White House in exchange for an investment in one of [Trump’s] “The New York Times reported. Meanwhile, nearly 1 million people lost money on the Trump meme currency with losses totaling $3.8 billion, according to the Times.

“But the Trump meme coin is just the tip of the iceberg here,” Oliver said, before moving on to the Trump family’s largest crypto company, World Liberty Financial.

One way to buy World Liberty Financial is by purchasing a governance token, $WLFI, which simply allows you to vote on how the token is run, with 75% of purchases flowing back to the company as a fee. And there have been a series of uncertain deals involving World Liberty Financial. On the one hand, Justin Sun invested $45 million in World Liberty Financial and then the SEC settled a fraud case filed against him for $10 million without admitting any wrongdoing.

If that wasn’t enough, an Emirati investment fund has committed to investing $2 billion in World Liberty Financial. At a minimum, Trump’s company made $187 million from the deal. And two weeks later, Trump traveled to the United Arab Emirates and announced that they could buy hundreds of thousands of advanced AI chips from Nvidia (while the Biden administration had issued restrictions on the export of advanced AI chips to the United Arab Emirates for security reasons).

“It sure looks like Trump is exploiting the incompatibility of cryptocurrencies for maximum benefit,” Oliver stated.

Trump is now pushing the CLARITY Act, which will move crypto regulation from the SEC to the Commodity Futures Trading Commission, a small federal agency with little to no enforcement power.

“If these conflicts of interest were as easy to understand as Jimmy Carter and his peanut farm, I think there would be a lot more alarm about how blatantly corrupt and compromised Trump seems here,” Oliver maintained. “That’s why we urgently need proper railings in the future.”