The website promises “elite and extraordinary experiences” as part of the newest scheme to revive a token that’s down 97% from its peak and still falling.
“the whole world, unfortunately, has become somewhat of a casino” says the man who ran multiple casinos, whose company plans to launch a prediction market, and who nominated a CFTC chair who celebrates prediction markets as part of a “golden age” for finance
Terra’s Do Kwon gets 15 years, crypto banks get the green light, and the Trump family’s crypto grift expands even as one of their treasury companies goes off the rails
President Trump reacts to condemnations of his recent pardon of Binance founder Changpeng Zhao by claiming he doesn’t know who he is.
The Trumps “debank” major customers from their “anti-debanking” cryptocurrency venture, and a CFTC nominee says the Winklevosses are blackballing him
President Trump’s deregulatory agenda emboldened prediction markets to push boundaries around permitted event contracts. Now sites advised by his son are allowing bets on his death.
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.
The article only mentions Crypto.com's $10 million contribution to Trump's super PAC, but doesn't mention that after Trump took office, the SEC dropped their lawsuit against the company. His Truth Social company is now partnering with them to sell crypto ETFs.
And with the internet eating major broadcasters’ lunch, it’s very likely that the Ellison family paid billions of dollars for a network whose fortunes are headed to the toilet, and whose viewers are headed elsewhere. They have the potential to create a right wing propaganda bullhorn that rivals Fox News; but it’s just as likely their disastrous management turns the network of Walter Cronkite into a sad, historical footnote.
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.