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.
![While Mamdani has not expressed an opinion on crypto, his upcoming opponents have. Incumbent mayor Eric Adams, elected as a Democrat but running for re-election as an Independent, recently appeared at the Bitcoin Conference to reinforce his title of “bitcoin mayor” and suggest that New York City issue bitcoin-backed municipal bonds (an idea that was quickly swatted down by NYC Comptroller Brad Lander, who was also a candidate in the Democratic primary, coming in third place after cross-endorsing Mamdani) [I85]. Mamdani’s closest opponent in the primary who will now also be running as an Independent candidate in the general election, former New York governor and alleged sex pest Andrew Cuomo, advised crypto exchange OKX after resigning as governor in 2021, when the company faced criminal charges that would ultimately land them more than $500 million in penalties.2425 And the Republican contender, perennial candidate Curtis Sliwa, tweeted during his 2021 campaign that he would “make NYC the most cryptocurrency-friendly city in the nation” by allowing property taxes to be paid in crypto, installing more crypto ATMs, and encouraging businesses to accept crypto.26 (That said, he also later criticized Adams for spending too much time with “crypto profiteers”, “crypto currency pirates”, and “crypto monsters”.2728)
Tyler Winklevoss, one of the twin billionaires behind the Gemini crypto exchange who contributed millions of dollars to political campaigns in 2024, seems to be at least](https://media.hachyderm.io/media_attachments/files/114/779/586/379/005/289/original/5c347f90bae1a706.png)

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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.
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.
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