Activity tagged "US politics"

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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.
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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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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!

Solscan screenshot showing the trader purchased 6,041.52 TRUMP for $51,051.35 in USDT on April 21
Solscan screenshot showing the trader sold 6,041.52 TRUMP for $84,087.42 in USDT on April 21

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.

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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.

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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.