The scale of Trump's pay-for-access scheme outlined by the Times is mindblowing. Crypto contributions resulting in business deals with the Trump family crypto businesses, oil companies buying influence and later reaping benefits from friendly policies, and a $1 million pardon.
crypto
The House has passed the GENIUS Act stablecoin bill, sending it to Trump's desk where he will sign it. They've also passed the CLARITY Act crypto market structure bill and the Anti-CBDC Surveillance State Act, both of which still need to go to the Senate.
Edited 260d ago
#Crypto Industry Reaches Milestone With Passage of First Major #Bill
After a week of squabbling in Washington, the #cryptocurrency industry secured one of its primary legislative objectives & made progress toward a second one.
#Trump #broligarchy
https://www.nytimes.com/2025/07/17/technology/crypto-industry-milestone-legislation.html?smid=nytcore-ios-share&referringSource=articleShare
FT: "Donald Trump is preparing to open the $9tn US retirement market to cryptocurrency investments ..."
Trump is seeking to direct Americans' retirement funds to a sector in which he and his family are heavily invested.
https://www.ft.com/content/07906211-5ab8-4917-bcad-5397c0bc3170
Edited 260d ago
This week's net.wars, "Revival", ponders the purported death of Bluesky and the company town potential of large companies exploring stablecoins: https://netwars.pelicancrossing.net/2025/06/27/revival/ #NetWars #SocialMedia #Crypto
Great, informative writeup of Cryptographic Gotchas: https://gotchas.salusa.dev/
Lots of fantastic references and links in there, too.
I made this QR code for my Arweave address if any crypto bros feel like supporting my work 😄
Newsletter: Crypto bills have passed the House with “2, 3, 4 o’clock” phone calls from Trump to give “a little love” to Republican holdouts, $6.9 million in crypto lobbying, and a $141 million midterm threat. The bills feature few consumer protections and destabilizing loopholes.
Newsletter: Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat.
Sundog, a memecoin by crypto billionaire Justin Sun, just posted a meme depicting its mascot controlling the White House. Sun has spent (or will shortly spend) a total of $213 million on Trump-connected crypto projects.
h/t @cryptadamist
![Tweet screenshot: SunDog @SUNDOG_TRX
You never truly know who’s pulling the strings… 🤫
[AI-generated image of a corgi dog with a collar depicting the Tron logo, paws raised above the White House, with strings attached to the paws like a marionette]
2:30 AM Jul 24, 2025](/proxy/post_attachment/778077/110868f579.png "Tweet screenshot: SunDog @SUNDOG_TRX
You never truly know who’s pulling the strings… 🤫
[AI-generated image of a corgi dog with a collar depicting the Tron logo, paws raised above the White House, with strings attached to the paws like a marionette]
2:30 AM Jul 24, 2025")
There is really no comparison in American history to the blatant corruption.
https://www.nytimes.com/2025/07/29/opinion/trump-crypto-genius-act-memcoin.html
There's an influx of GitHub repos where you get tagged on discussions/issues with the attempt to trick you into crypto schemes, e.g. reveal your wallet(s).
I had one yesterday and reported to GitHub. Unlike Meta, they actually do take action and it took <12h to take the user and the repos down. So you can report malicious repos to GitHub and they will be acted on.
Newsletter: Justin Sun buys his way out of an SEC fraud case, Iranian transactions on Binance draw DOJ scrutiny as the exchange sues the newspaper that reported on them, and crypto super PACs dump millions into Tuesday’s primaries in Illinois.
https://www.citationneeded.news/issue-102/
#crypto #cryptocurrency #USpolitics #USpol
The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries. 90% of that – $12.8 million – was wasted, in that it went to opposing Democratic candidates who won their primaries (Stratton in the Senate race, Ford in H-07) or supporting their opponents.
Their only victories in the state were where they contributed money towards outcomes that were already highly likely. They opposed Robert Peters (H-02), who had been polling in third place and ultimately received 12% of the vote. They supported Bean (H-08) and incumbent Budzinski (H-13).