Trump’s Global MemeCoin Grift: Follow the money
$Melania
$Trump
grift
MemeCoin
Crypto
Crypto industry hold big fundraiser for Trump PAC — Axios
David Sacks is co-headlining the fundraiser dubbed the “Crypto and AI Innovators Dinner.” Proceeds will benefit MAGA Inc., a pro-Trump super PAC that the president has been aggressively raising money for ahead of next year’s midterm elections. Sacks is a close ally of Trump adviser and DOGE leader Elon Musk. — Axios
- Trump to Ease Crypto Rules for U.S. Banks — TechStory
- The US Is Turning a Blind Eye to Crypto Crimes under the Trump
- Federal authorities are declining to charge crypto firms with a range of offenses, raising questions about which rules apply and who will enforce them. — Wired
Click to follow the money behind the grift!
“The PayPal Mafia”
- These men are known as the “PayPal mafia” due to their involvement in the founding of the financial tech company PayPal
- Meet the South African Oligarchs Surrounding Trump, from Elon Musk to Peter Thiel. They grew up in South Africa as children
- Trump’s targeting of South Africa is clearly tied to his influential adviser Elon Musk and a coterie of wealthy U.S. oligarchs, “all of whom in some way or other grew up in South Africa as children.”
- Pro-apartheid and neo-Nazi family history
- Chris McGreal a former South Africa correspondent for The Guardian, outlines Musk’s pro-apartheid and neo-Nazi family history
- Right-wing ideology. It appears to form the basis of his adherence to a right-wing ideology that believes white South Africans “are the victims of the end of apartheid” and at risk of a “white genocide.” — Democracy Now
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Sacks
Trump’s global grift
World Liberty Financial (WLFI), the DeFi project backed by U.S. President Donald Trump and co-founded by his son, Eric Trump, is under scrutiny following a deal with an Abu Dhabi government-backed firm involving the cryptocurrency venture’s USD1 stablecoin.
Questions started flooding social media platform X over the weekend as more people started raising concerns about the supposed “shady” deal WLFI secured with Emirati firm MGX that also involves crypto exchange giant Binance. MGX is backed by Abu Dhabi’s sovereign wealth fund, which will make a staggering $2 billion investment in Binance. WLFI enters the picture with its new stablecoin, USD1, which will be used as the payment medium for closing MGX’s investment into Binance. — IB Times
Crypto billionaires fund MAGA campaigns
Unregulated billionaire memecoin grift
The obvious benefits for crypto businesses associated with the changes at the SEC must be weighed against the potential reputational downsides that come with the unwillingness of the new-look agency to police the most unserious and grift-heavy corners of the sector. Similarly, the warmth shown toward the industry by the White House comes with a caveat: Trump appears intent to share in the financial upside through crypto endeavors of his own, which some have argued will heap scorn onto the industry and undermine its search for legitimacy.
“With Donald Trump, you get the entire buffet table. There’s no à la carte,” says Scaramucci. “You start with the grifting and self-dealing,” he alleges. “Then you’re getting some pro-crypto ideas and regulation. You’ve got to eat everything.”
TakeAway: Honor the constitution. Stop the grift.
Deepak
DemLabs
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