@molly0xfff glad to see hayden davis earn his spot on the chart

@heiseonline Wurde eigentlich schon untersucht, welchen Anteil #Sanktionsversößes durch #Russland und willige Helfer am anstieg der Kryptowährungen haben? Ich vermute nicht. Denn das könnte diese Währungen erneut, nach den Drogengeldern und Waffendeals und dem Menschenhandel, als Heimat der Geldwäsche und der organisierten Kriminalität rücken.

#Russland #Bitcoin #SanktionenRussland
#OrganisierteKriminalität #Trump #memeCoins

But on Monday, #GDCultureGroup became the latest business with foreign ties to seize on #Trump’s #crypto venture, which channels profits directly to the Trump family & has generated conflicts of interest that have alarmed #ethics experts. (#Memecoins like $TRUMP are a type of #cryptocurrency based on an online joke or celebrity mascot & have traditionally not had any utility beyond speculation.)

“If the government of #Yemen buys up oodles of #memecoins, we won’t know,” says Lisa Bragança, attorney at Bragança Law & fmr branch chief at the #SEC. “If it’s a #UtilityCoin &, say, a representative of #Russia shows up for dinner with the president, we know it’s an #emoluments issue.”

…The act of transmuting his #cryptocurrency into a #UtilityCoin is unlikely to have immediate #regulatory implications for #Trump. [not coincidentally] In Feb, the #SEC …made clear that it does not consider #memecoins to fall within its jurisdiction. Likewise, during Trump’s first term, the agency reached a similar conclusion about utility coins.

Speaking of bog standard corruption; Trump found a way to cut out the messy step of making people who want to buy access to the President rent a bunch of hotel rooms. The scheme, which is remarkably crass, involves promising the top holders of Trump's meme coin a dinner with the president to talk about cyrpto; with the top 25 holders getting a more intimate dinner, presumably at which point they will be able to talk with Trump directly. If that sounds like price support for Trump's stupid meme coin and selling access to the president to the highest bidder to you, it's because the scheme is designed to accomplish precisely that.

https://archive.ph/jqyQo

Trump's meme coin, which had fizzled in value, surges after offer of dinner with the president

"President Trump's meme coin, which had slumped 88% from its most recent high, got a boost Wednesday after its website invited the top 220 holders of the digital token to an "intimate private dinner" with the president.

After the dinner offer was posted on the $TRUMP meme coin website and X account, the value of the meme coin surged as much as $5.32, or 58%, to $14.32 on Wednesday afternoon. That gain only partially erased the meme coin's decline in value, which hit a peak of $75.35 on January 19 the day before Mr. Trump's inauguration.

The dinner offer promises $TRUMP coin investors the opportunity to "Hear close-up, from President Trump, about the future of Crypto!" Mr. Trump, who has vowed to turn the U.S. into the cryptocurrency capital of the world, has also pushed his own ventures into the realm of digital products, issuing everything from NFTs billed as "Trump digital trading cards" to a cryptocurrency platform called World Liberty Financial."

I mean on some level you almost have to hand it to the Klepto Kaiser here; he finally found a rock solid use case for an essentially worthless crypto product - facilitating open political corruption! Given the semi-clandestine nature of crypto-currency markets, it's hard to get a clear picture of precisely how much money Downmarket Mussolini has made from his crypto scams since taking office, but most experts in the field peg it as in the order of "hundreds of millions of dollars." I'm under no illusions about financial ties to billionaires among the "corrupt Democrats" Trump defeated last fall to return to the White House, but I'm willing to bet Joe Biden never ran a scam that let him stack up nine figure piles of cheddar.

Of course in the grand scheme of things, I think it's a lot more important to focus on the Trump regime's fascism, than its corruption. But given that these guys ran to power and claim to be acting on a platform of fighting corruption, as seemingly all modern fascist movements do, it's probably noteworthy that they're inventing new ways to do bribery in real time, only a few months into Trump's second term.