Activity tagged "crypto lobby"

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Issue 92 – The scam of all scams

Tweet by Bruno Skvorc: I just got a reply from @worldlibertyfi . TLDR is, they stole my money, and because it's the @POTUS family, I can't do anything about it...

The Trumps “debank” major customers from their “anti-debanking” cryptocurrency venture, and a CFTC nominee says the Winklevosses are blackballing him

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Issue 91 – GDP on the blockchain

Howard Lutnick speaking at a Cabinet meeting, with subtitles about putting “GDP on the blockchain”

The regulator set to take on primary crypto oversight is down to a single Commissioner, and new pro-crypto PACs focus on installing more Republicans in the midterms

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Issue 89 – Crypto wins in Washington with midnight calls, chocolate bars, and a $141 million threat

A blue vending machine with branding that reads “Crypto is like a bar of chocolate” in the foreground, with the Capitol building behind

Trump stands to profit from a $2 billion bitcoin bet as the crypto industry pushes through bills aimed at bolstering the sector

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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.

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GENIUS Act stablecoin bill stalls in the Senate

The GENIUS Act stablecoin bill has stalled in the Senate with key Democrats — including some of its early co-sponsors — voting against it. Democratic opposition increased after Trump’s World Liberty Financial cryptocurrency platform released its own stablecoin, allowing the president to profit from transactions including a $2 billion deal between the Emirati state-owned investment firm and the Binance crypto platform.

Senators who voted against the bill include Ruben Gallego (AZ), Mark Warner (VA), Lisa Blunt Rochester (DE), Andy Kim (NJ), Kirsten Gillibrand (NY), and Angela Alsobrooks (MD). Gallego was one of the top recipients of crypto industry campaign funds in 2024, receiving $10 million in crypto super PAC backing.

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Trump’s newest grift: Building a cryptocurrency empire while destroying its regulators

Trump sitting in a chair atop a large pile of coins

Inside the Trump family’s sprawling crypto empire — from memecoins to mining — and how Trump is using presidential power to dismantle the regulators who could stop it

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White House crypto advisers have floated the idea of using tariff revenues or US gold reserves to buy bitcoin

@molly0xfff White House crypto advisers think tariff revenues or gold reserves could be used to buy Bitcoin, benefiting the president's billionaire crypto backers #cryptonews #cryptoindustry #cryptolobby #tariff #bitcoin #news #uspolitics ♬ original sound - Molly White

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SBF's master plan right now is to whine that his bribes didn't work on the Democrats and go "but I bribed the Republicans too!" and then wait expectantly

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Coinbase Chief Legal Officer: the critics who think we’ve bought out the government are refusing to engage with the nuanced and complicated fact that Trump used to be anti-crypto before we started spending hundreds of millions of dollars on politics

The Hill

Published an issue of Citation Needed:

Issue 78 – President on brink of bailout for bitcoin

Donald Trump appears to prop up the price of bitcoin, which has declined until a recent partial recovery

Trump tries to breathe life back into the crypto markets’ “Trump pump” while federal regulatory agencies wash their hands of any crypto industry oversight

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