In the New York Times: There is really no comparison in American history to the blatant corruption.
Tagged #crypto
Citation Needed
The Tornado Cash case: When politics sabotage a prosecution
The Trump administration’s regulatory whiplash has left prosecutors scrambling with misattributed chat messages and questionable victim testimony
Sundog, a memecoin by crypto billionaire Justin Sun, just posted a meme depicting the 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](https://storage.mollywhite.net/micro/ad5c2894e8d3720d2156_Screenshot-2025-07-24-at-12.28.27---PM.png)
Citation Needed
Issue 89 – Crypto wins in Washington with midnight calls, chocolate bars, and a $141 million threat
Trump stands to profit from a $2 billion bitcoin bet as the crypto industry pushes through bills aimed at bolstering the sector
Trump speaking to crypto executives while signing the GENIUS Act stablecoin bill: “I got you guys out of so much trouble... They’ve got plenty of cash, and it’s great that you’re on our side.”
Note: I retained Trump’s comments about Biden to avoid taking his statement out of context, but his claim that Biden “dropped all charges” against crypto executives during his (or Harris’s) campaign is false.
Trump is seeking to direct Americans' retirement funds to a sector in which he and his family are heavily invested.
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.
- tags
- #crypto #law #us-politics
It's no coincidence that the Fairshake crypto super PAC has timed its press release announcing they have $140 million ready for the midterms as Congress is considering three crypto bills during "Crypto Week". Pass our bills, or we will spend millions against you in the midterms.
Citation Needed
Issue 88 – The stockchain
Crypto firms hope putting a blockchain veneer on traditional equities will allow them to sidestep lessons learned in the 1929 Wall Street crash, crypto firms look to become banks, and Congress celebrates crypto surveillance while claiming to outlaw it
A couple of years ago I wrote a tweet thread about how I'd begun to see people in the crypto and finreg spaces expressing excitement about the traceability of cryptocurrencies.
Thinking back to it as I watch Senators and crypto industry executives talk about how delightfully traceable public blockchains are. No pesky warrant required!
![Molly White
@molly0xFFF
1:33 PM · Feb 14, 2023
the past ~month or so i've suddenly started seeing a bunch of people in crypto and in the financial regulatory/enforcement world who are unironically excited about crypto because of the financial surveillance it could empower, and that scares the shit out of me
the other day i was listening to a conversation about how "algorithms" could detect criminal activity occurring on public ledgers in real time to automatically alert law enforcement, or be programmed into the money itself to stop transactions.
[Screenshot of a text message: "or I'm going to move to a cabin in the woods with a faraday cage built around it"]
anyone know any good welders?
i run into people somewhat regularly who think that because i don't like crypto, i support unfettered government/LEO surveillance of personal finances.
like, no, that's part of WHY i don't like crypto](https://storage.mollywhite.net/micro/b023de32a956269bfb2b_Screenshot-2025-07-10-at-11.41.47---AM.png)
