Alex Mashinsky has been sentenced to twelve years in prison for his Celsius fraud, which culminated in the mid-2022 collapse of his US-based cryptocurrency lending firm with customers suffering losses of more than half a billion dollars.
The GENIUS Act stablecoin bill has stalled in the Senate with key Democrats — including some of its early co-sponsors — voting against it. Democratic opposition increased after Trump’s World Liberty Financial cryptocurrency platform released its own stablecoin, allowing the president to profit from transactions including a $2 billion deal between the Emirati state-owned investment firm and the Binance crypto platform.
Senators who voted against the bill include Ruben Gallego (AZ), Mark Warner (VA), Lisa Blunt Rochester (DE), Andy Kim (NJ), Kirsten Gillibrand (NY), and Angela Alsobrooks (MD). Gallego was one of the top recipients of crypto industry campaign funds in 2024, receiving $10 million in crypto super PAC backing.
Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises fresh concerns over foreign influence
A trader bought 6,000 $TRUMP on April 21, two days before the announcement that top holders would be invited to dinner with the president. They sold it a few hours after the announcement two days later caused the token price to go up, earning $33k on the trade. Impressive timing!
They had traded the Trump token a bit for the first few days after it launched in January, then apparently lost interest until suddenly rediscovering it on April 21.
At the moment they still hold 9,130 TRUMP, so as of now they’ll be joining Trump at the dinner in a few weeks.
They regularly transfer funds from Bybit, suggesting they are not based in the US.
El Salvador's President Bukele is reportedly preparing to arrest the journalists who have reported on the secret deals Bukele struck with Salvadoran gangs that have enabled his consolidation of power.
@molly0xfff Part 1 | April reading wrap up reviewing the 18 books I read this month. #aprilreadingwrapup #readingwrapup #booktok #bookish #bookreview #cozyfantasy #sciencefiction #fantasy #dungeoncrawlercarl ♬ original sound - Molly White
The author, a trans woman and mother of neurodivergent kids, has been monitoring this nation’s political climate since Trump’s first term. Now that her worst fears are fast becoming a reality, she’s had to make the most difficult decision of her life.
The largest investors in Donald Trump's crypto coin have been promised a private audience with the president. The arrangement could put Trump at odds with the Constitution and add fuel to calls for his impeachment, experts say.
Gavin Kliger helped oversee mass firings at the Consumer Financial Protection Bureau while holding stock in companies that experts say likely stand to benefit from dismantling that agency — a potential violation of federal ethics laws.