SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme
Justin Sun is celebrating avoiding a fraud investigation by posting handshake emojis on X.
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- Thread starter Mark Milton
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Some people might consider that to be a bribe.SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme
Justin Sun is celebrating avoiding a fraud investigation by posting handshake emojis on X.
Open for business. No doubt why Consumer Protection was gutted first.SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme
Justin Sun is celebrating avoiding a fraud investigation by posting handshake emojis on X.
What about the $5 million price tag for citizenship didn't lay that out already?
Ain’t no one tougher on China than Trump! He done took ‘em for 30 million!SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme
Justin Sun is celebrating avoiding a fraud investigation by posting handshake emojis on X.
It’s a stay not a dismissal. Let’s see the disposition
But who knows. Musk levering his companies in while SHE is bullshit. He shouldn’t be awarded anything new under this arrangement
If you're going to have a crypto fund (and I'm not sure we should) what other coins would you put in it? Dogecoin? Triumph of MAGA?
There is one that strikes me as a strange choice: ADA. But the other 4 seem fairly obvious.
One of my goals in life is to die not knowing a thing about bitcoin. I don't know what it is now, I don't know how it works, and most importantly, I don't care.
This, and never having watched a reality tv show.
TrumpCoin. Except Ego Man wouldn’t want coin—too pint size. More like TrumpBullion.
That reminds me of me and bankruptcy laws. Somebody asked me once about some nuance between Chapter 7 and Chapter 13...and I was like "Why would you expect me to know that? Google it or something. I don't know...don't wanna ever have to know."
I'm certainly no crypto expert. And I've been pretty wary of them as investment vehicles here. There's a fundamental problem with them that I simply can't look past. But lots of people do look past it -- including some people who are experienced and skilled investors.
But, ultimately, I tend towards Warren Buffett's view of them. When I buy something, I want something that generates cashflow or at least has the potential to -- not something that has value simply because it's scarce and because the world is filled with greater fools.
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Easy nuance---6 digits away from each other 😉
Trump deserves a ton of credit for looking into alternative sources of revenue whether it’s Gold cards, Bitcoin reserves, minerals deals, tariffs, etc. This is the kind of outside the box thinking we need.
Much better than the blunt instrument of just raising taxes.
I'm simply saying that the 5 coins they have here are generally regarded as stable, high-quality coins. Whether or not it constitutes a conflict of interest for Sacks is a different question.
Here is Coinranking's list of the Top 6 Layer 1 coins, along with their market caps. All 5 are on this list.
Import tariffs are most certainly not thinking outside of the box. And it absolutely is raising taxes -- on American consumers. They are a very, very old idea -- and a very, very terrible one too.
I have no issue with allowing wealthy people to fasttrack immigration by paying a fee. In fact, I like the idea. But not because of the revenue it will directly generate -- which is not going to be much.
Bitcoin reserves....eh, I'm not sold on it. It's been a boon for El Salvador, I think. But we're not El Salvador. And I'm generally not that fond of crypto as an investment for myself. But it's certainly better than tariffs.
I'm cool with the Ukraine mineral deal. The more rare earths we can access from somewhere other than China, the better.
I'm simply saying that the 5 coins they have here are generally regarded as stable, high-quality coins. Whether or not it constitutes a conflict of interest for Sacks is a different question.
Here is Coinranking's list of the Top 6 Layer 1 coins, along with their market caps. All 5 are on this list.
Someone pumped in $200 million before the announcement in Ethereum and bitcoin. I'm sure it was just a coincidence.
I was going to post something similar.
And for what it's worth, CNN is reporting that he paid the president's
SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme
Justin Sun is celebrating avoiding a fraud investigation by posting handshake emojis on X.
Are we sure this isn't @snarlcakes ?
So, other than the arbitrage...what's the big picture strategy here? Hijack the dollar as the world's base money valuation, and replacing it with Bitcoin (which can't theoretically be inflated)? Kinda like going back to the gold standard...but with a "standard" that is limited? Trump's trying to get the US in the pole position for when this does eventually happen?
I'd be more inclined to vote for someone who proposes making 2 and 3 illegal.
I think selling citizenship is in the same category as the T word. There is already an investment program fyi. I think the cost is at least 1/5 less than the proposed. The new program will raise exactly 0 revenue. And I also think people who knowingly employ illegals belong behind bars.
As for the Ukranian rare earths, can you please tell me how much something that is worthless is worth? Or better yet may have a negative yield due to extraction and refining costs?
Also, from my understanding most of the Ukranian rare earths are in the area confiscated by Putin that he is not about to hand over. To me a starting point of the negotiations is that unfortunately Ukraine will not be getting back the Russian speaking lands they've lost. Putin would not be holding those regions without local support imo.
This entire paragraph is puzzling.
- It's "in the same category as the T word" -- I assume you mean treason. But we're already doing something similar, albeit for a lower dollar amount. If something similar is already being done, and it's presumably legal, then...well, where does the treason come in?
- If it raises 0 revenues, then that would mean nobody did it....which would mean that it's the proverbial "tree in the forest." It's just a moot, shiny thing that is of literally zero consequence.
- Finally, the last sentence seems like a non sequitur. What does employing illegal immigrants have to do with selling citizenship?
I'd just answer that I'm unqualified to be speaking to this. But I would add that, if these mineral rights are truly worthless, then Zelenskyy ought to be jumping at the chance.
So...are the mineral rights in Donbas and Crimea, unlike the ones referenced above, of genuine value? What distinguishes the valuable set of deposits in Russia-occupied Ukraine from the non-valuable deposits in unoccupied territories?
If they are going to have a strategic reserve it should only be Bitcoin. It's the only one that is decentralized.
Amen, brother. I hear you and 100% agree. I have a patient who is constantly touting crypto and how he’s making a mint investing in it. I’d also like to point out that he lives in a camper in his 87 year old mother’s back yard….
I'm just opining for the sake of opining that I disagree with you 😄
Yes, of course it's legal currently. It shouldn't be in my opinion.
The same person(s) advocating this newest proposal previously employed illegals. I put selling citizenship and employing illegals in the same category.
What was Ukraine gaining in exchange from giving up certain rights to likely worthless minerals? Seemed like they were gaining nothing? Maybe I missed the US concessions? The right to have a press conference with DJT?
That’s a pretty good summation. The rest of the world then gets to pump America’s bags.
You will never find my g spot with bitcoin, and I'm never going to let you even try
In other words, like any other commodity owned and controlled by the rich, it’s based on scarcity (euphemistically called “hard” in the video). Unlike investment options advocated by Buffet, it’s not something created by the hard work and ingenuity of any citizen but instead it’s created by some geek deity (that’s where the 21M bitcoins arbitrarily came from), presumably benevolent, and accessed by “hard work,” a euphemism here for running walls of computers that “mine” for bitcoins at the cost of huge amounts of electrical energy
It’s inflation-free because they are scarce and hard to mine except that being scarce and hard to mine, unless you have them you have to “buy” them, with what?, the evil currency of governments which you have because…well, because that’s how “anybody” can buy bitcoins.
And of course, since they’re scarce and hard to mine, the market for them goes up and down, like inflation, but it’s not inflation because, well, because I said so.
