The probe comes in the wake of a ProPublica investigation that revealed the General Services Administration was eyeing a tech firm with strong ties to the Trump administration to remake a massive, $700 billion federal credit card program.
Activity tagged "US politics"
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.
A trader bought 6,000 $TRUMP on April 21, two days before the announcement that top holders would be invited to dinner with the president. They sold it a few hours after the announcement two days later caused the token price to go up, earning $33k on the trade. Impressive timing!
They had traded the Trump token a bit for the first few days after it launched in January, then apparently lost interest until suddenly rediscovering it on April 21.
At the moment they still hold 9,130 TRUMP, so as of now they’ll be joining Trump at the dinner in a few weeks.
They regularly transfer funds from Bybit, suggesting they are not based in the US.
The author, a trans woman and mother of neurodivergent kids, has been monitoring this nation’s political climate since Trump’s first term. Now that her worst fears are fast becoming a reality, she’s had to make the most difficult decision of her life.
Gavin Kliger helped oversee mass firings at the Consumer Financial Protection Bureau while holding stock in companies that experts say likely stand to benefit from dismantling that agency — a potential violation of federal ethics laws.
World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.
Even if Wikipedia’s content was biased (it isn’t), even if every editor was actively trying to push an anti-Israel narrative (they aren’t), that would still be protected by the First Amendment. The government doesn’t get to threaten organizations over their editorial choices, no matter how much certain prosecutors or publications might dislike those choices.
always a little weird to see in politicians' footnotes
Someone just spent $8 million on $TRUMP memecoins after the president announced that the top holders would be invited to join him at a private dinner at his DC golf club.
The purchases were funded by a Binance account, suggesting the wallet owner is not based in the US.
The House Financial Services Republicans and the White House (now deleted) tagged either a hacked or fake account in their announcements that Paul Atkins was sworn in as SEC Chair. The "Atkins" account immediately started asking for crypto.
