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#strategiccryptoreserve

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⚯ Michel de Cryptadamus ⚯

GOP Majority Whip #TomEmmer, the man who wrote angry letters to the #SEC demanding that they stop bothering an innovative company like #FTX back in 2022, believes that the US government will be buying 1 million bitcoins for a price equivalent to 10-20% of the US defense budget for the “#StrategicBitcoinReserve” before the end of this session of Congress.

Here he is kissing Sam Bankman-Fried's ass on the floor of the US #Congress a few years ago: youtube.com/watch?v=MpIPlb7mYT

#DigitalAssetsStockpile#StrategicCryptoReserve#uspol
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⚯ Michel de Cryptadamus ⚯

oh look #BradGarlinghouse, another one of the 2024 election's megadonors, had (some of the) securities fraud charges against his company #Ripple dropped (they were charged with selling unregistered securities in the form of their token #XRP - the same XRP token that Trump wants to put in the “Strategic Crypto Reserve”).

i assume the rest of the charges (the ones they were convicted of) will be dropped soon enough.
x.com/bgarlinghouse/status/190

tweet by brad garlinhouse with video "This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let's build."
#crypto#uspol#corruption
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⚯ Michel de Cryptadamus ⚯

surprise, surprise: Trump gave #DavidSacks (pro #Putin, anti-#Ukraine All In Podcast broligarch and America's "crypto & AI czar") a waiver on any and all financial conflicts of interest that could result from Sacks using taxpayer money to enrich himself by investing in his crypto & AI scams.

(i will note that Sacks claims to have divested himself of his crypto investments but i find it impossible to believe he isn't at least indirectly financially exposed to the crypto market)

Remember, it was Sacks who helped propose the #StrategicCryptoReserve which proposed that US taxpayers invest in the same 5 cryptocurrencies held by Sacks's company #Bitwise.

levernews.com/trump-issues-eth

The Lever · Trump Issues Ethics Waiver For His AI/Crypto CzarThe White House granted the waiver to David Sacks a month after Trump fired the director of the independent agency charged with enforcing federal ethics statutes.
#VCs#Broligarchs#NerdReich
Public
⚯ Michel de Cryptadamus ⚯

Legislation to allocate ~$100 billion of taxpayer money (roughly 8 aircraft carriers or 12% of the entire US defense budget) to buying #bitcoin has been reintroduced by Senator #CynthiaLummis.

(Unstated: Lummis is trying to pump the bitcoin market which has been crashing in the aftermath of Trump only committing to not selling $20bn worth of bitcoins seized from criminals when the market was pricing in a massive government purchase)

(Also unstated: Lummis owns a lot of bitcoin, so she’s nakedly attempting to use taxpayer money to enrich herself)

text of BITCOIN PURCHASE PROGRAM legislation
Lummis on Fox saying "I spend dollars and save Bitcoin"
#Wyoming#senate#republicans
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⚯ Michel de Cryptadamus ⚯

@ncweaver.skerry-tech.com note that it's all donor coins - #SOL (#Solana, backed by "crypto czar" #DavidSacks), #XRP (#Ripple, CEO is megadonor #BradGarlinghouse), and #ADA (#Cardano, created by #CharlesHoskinson). Trump only added bitcoin and ethereum a few hours later.

The price of all these tokens massively spiked 10-35% on the news as people seek to front run the American taxpayer’s “investment”.

#nerdReich#Broligarchy#uspol
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