mastodon - Link to source

Molly White

1 month ago

Molly White
1 month ago

There is really no comparison in American history to the blatant corruption.

nytimes.com/2025/07/29/opinion…

#crypto #cryptocurrency #USpol #USpolitics

Molly White, whose Citation Needed newsletter I mentioned above, shares Massad’s views, writing by email:
Trump has made hundreds of millions of dollars from hawking a memecoin — that is, a crypto token that doesn’t even try to pretend to have some underlying value or purpose — to his followers and to those hoping to buy influence with the president.
There is really no comparison in American history to the blatant corruption of Trump’s pay-for-access memecoin dinner, where hundreds of primarily foreign nationals spent anywhere from $55,000 to more than $37 million for a ticket to the event.
The crypto billionaire Justin Sun was the top memecoin holder at the dinner, and earlier this month announced he plans to buy another $100 million $TRUMP.

#crypto #uspol #cryptocurrency #uspolitics

in reply to Molly White

mastodon - Link to source

Molly White

in reply to Molly White 1 month ago

We should live in a world where selling out to corporate money or being completely spineless and ineffective in office is what threatens re-election.

#crypto #cryptocurrency #USpol #USpolitics

Republicans in Congress, White continued,
would be horrified if any other president, particularly a Democratic one, was profiting from the office of the presidency in the way that Trump is, but they are so terrified of him that they haven’t said a word about it.
And the crypto lobby and its hundreds of millions in campaign donations, has produced a truly shameful situation among Democrats who have either sold out to the crypto lobby, or who are so afraid of opposition when it comes time for re-election that they’re keeping their mouths shut. We should live in a world where selling out to corporate money or being completely spineless and ineffective in office is what threatens re-election.

#crypto #uspol #cryptocurrency #uspolitics

⇧