Activity tagged "crypto"

Posted:

beyond all the crypto stuff, it seems like a red flag that the Fed Chair nominee clearly went through a DAO phase

24.1.53.14 CreatorDAO (Creator investment platform)
24.1.53.25 Friends With Benefits (Web3 community platform)

(Friends With Benefits was big in 2021–2022-ish? and landed a $100M valuation from a16z ll)

Since its humble beginnings as a social experiment in September 2020, FWB has grown to nearly 2000 members and its community has driven an outsized portion of the cultural value in web3. DAO members have launched a (now canonical)token-gated events app, an NFT gallery, a web3-focused editorial venture, a virtual music studio, and a real-time community dashboard, in addition to a series of parties around the world. Their next venture, FWB Cities, aims to scale the DAO’s IRL footprint, partnering with city-specific spaces, communities, and experiences to bring real world benefits to the FWB membership. In this way, FWB Cities offers a glimpse into the very first IRL metaverse and will make the entry fee even more accessible to more people. Because of FWB, it’s now possible to envision a world where the first time you interact with crypto is when you walk into a bar or attend your friend’s concert. Our goal is to offer guidance as FWB navigates the complexities that come with the next phase of DAO maturity. We plan to actively participate in governance and we will empower key community members through delegation. We’re thrilled to be a part of the FWB community as they lead the charge toward mainstream adoption of web3.
Posted:

House Oversight Democrats have published a Web3 is Going Great-style “Trump Family Digital Grift” counter.

This goes with their recent staff report, “Professionalized Corruption: How Donald Trump is abusing power and accepting digital kickbacks from foreign and criminal interests to cash in on the presidency like never before”.

The report cites some of my writing on Trump’s USD1 stablecoin.

Trump Family Digital Grift Profits $2,255,399,364.28 Total Trump Family Digital Grift Wealth $8,712,974,364.28 Trump Family Digital Grift Profits from Foreign Interests $437,004,026.96 While Americans struggle to buy groceries and pay rent, Donald Trump is making his family richer through digital grift schemes— collecting profits through digital wallets and granting pardons to the highest bidders. While Trump and his family are using the White House to make billions, we are tracking every cent. As of January 2026, our Committee’s analysis shows that these schemes have contributed to an estimated $2.25 billion in realized profits for Trump from foreign payments, corrupt oligarchs, and others. This total rises to as much as $9.7 billion when the value of Trump’s digital assets is factored in, with as much as $436 million coming from foreign interests. President Trump should be serving the American people—not his own pockets.