Newsletter: Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat.
Newsletter: Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat.
That's one way to kill Fannie Mae and Freddie Mac (and the federal govt?). Bankruptcy is coming.
So Trump will have to launder dirty & bloody money using crypto in the United States.
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For all Trump likes to talk about “America First” crypto, his businesses are looking very UAE-first. Trump’s World Liberty Financial has just secured a $100 million investment from the UAE-based Aqua 1 Foundation, which has leapfrogged Justin Sun in Trump’s pay-for-access leaderboard.
There’s been some reporting that Trump is pulling away from his crypto projects, but this isn’t supported by financial disclosures published on June 13.
A reporter tried asking Trump directly if he might divest from his crypto businesses, and Trump repeated “I’m president” and rambled about China. So... that’s a no, I guess
“I only decided to run because […] I was in bitcoin then. Not— not knowing if I was going to do it a third time”
Most everything that comes out of this man's mouth is either batshit crazy or horrible or both. So I thank you for not only making a transcript but including it as alt text to the video so I don't have to listen to him.
FHFA Director Bill Pulte has directed Fannie Mae and Freddie Mac to “prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments.”
Judge Analisa Torres has rejected the joint request by the SEC and Ripple to lift the permanent injunction and reduce Ripple’s $125 million penalty to only $50 million. Ripple has opted to walk away rather than continue their ongoing appeal.
Crypto super PACs spent $1 million to back Democrat James Walkinshaw in the Virginia special election to replace Rep. Gerry Connolly. While Connolly was a staunch crypto skeptic, Walkinshaw’s promise to “embrace the next generation of technology” earned him the support of the crypto lobby.
I’m watching closely to see if crypto money will enter the NYC mayoral race, where crypto (and other) billionaires have been reacting with horror at Mamdani’s win.
Polymarket is facing even more allegations that large bettors are manipulating the outcomes of its dispute resolution system to resolve contentious disputes in their favor, this time over whether President Zelenskyy’s outfit at a NATO summit was a “suit” or not.
Jupiter is the latest crypto project to reveal itself as decentralized in name only, “pausing” DAO votes over a “breakdown in trust” stemming from... Jupiter employees swinging DAO votes.
This is a bonfire demo instance for testing purposes