Trump Family Crypto & Other Corruption

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🎁 —> https://www.wsj.com/business/trump-...a?st=d6bgR5&reflink=desktopwebshare_permalink

“… A merger agreement Thursday with TAE Technologies valued at $6 billion marks the first family’s biggest foray yet into mainstream finance and the U.S. economy since President Trump returned to the White House. While the Trump Organization continues to land new real-estate projects, and the president’s sons have launched an array of new initiatives across crypto and more, few ventures rival Thursday’s deal in scale or prominence.

The tie-up is a big bet on a commercially unproven technology that has the U.S. government at its back. As AI’s power needs have become a pressing economic issue, the Trump administration has unveiled many programs aimed at boosting technologies like nuclear fusion to meet surging demand.…”
 
“… Details about the deal are sparse. Trump Media Chief Executive Devin Nunes will join Binderbauer as co-CEO of the combined company. In a conference call with investors that lasted less than eight minutes, they touted the creation of the U.S.’s first publicly traded nuclear-fusion company and said they hoped to achieve first power in 2031.

The stock price for Trump Media, which has reported hundreds of millions in operating losses in recent years, surged more than 40% after Thursday’s deal was announced, though it’s still down 56% for the year. The Trump family has a near-majority stake in the company.…”
 
This guy is going to jail tomorrow for 5 years. He and his co-founder created a service called Samourai wallet. The idea was that by depositing your Bitcoin into it, it could mix with other depositors and anonymize the owner. The government didn't like it because it enabled money laundering.

They took a sizeable percentage of the deposits, like 3 to 5%. Nobody is going to pay that unless there was a real benefit to them and that benefit is almost certainly criminal. I can't think of another good use case to do it so I think I'm okay with this guy going to jail. Trump will probably pardon him within the next 12 months.

 


Blaming the government shut-down? The phones were originally supposed to start shipping in August … September … October … November …

 
gtyellowjacket said:
This guy is going to jail tomorrow for 5 years. He and his co-founder created a service called Samourai wallet. The idea was that by depositing your Bitcoin into it, it could mix with other depositors and anonymize the owner. The government didn't like it because it enabled money laundering.

They took a sizeable percentage of the deposits, like 3 to 5%. Nobody is going to pay that unless there was a real benefit to them and that benefit is almost certainly criminal. I can't think of another good use case to do it so I think I'm okay with this guy going to jail. Trump will probably pardon him within the next 12 months.

Click to expand...

There is no use case for any crypto currency except to break laws and avoid scrutiny.
 
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