Thoughts

Short thoughts, notes, links, and musings by . RSS

Sundog, a memecoin by crypto billionaire Justin Sun, just posted a meme depicting the its mascot controlling the White House. Sun has spent (or will shortly spend) a total of $213 million on Trump-connected crypto projects. h/t Cryptadamist


Tweet screenshot: SunDog @SUNDOG_TRX

You never truly know who’s pulling the strings… 🤫

[AI-generated image of a corgi dog with a collar depicting the Tron logo, paws raised above the White House, with strings attached to the paws like a marionette]

2:30 AM Jul 24, 2025

Trump speaking to crypto executives while signing the GENIUS Act stablecoin bill: “I got you guys out of so much trouble... They’ve got plenty of cash, and it’s great that you’re on our side.”

Note: I retained Trump’s comments about Biden to avoid taking his statement out of context, but his claim that Biden “dropped all charges” against crypto executives during his (or Harris’s) campaign is false.

Trump is seeking to direct Americans' retirement funds to a sector in which he and his family are heavily invested.

Donald Trump is preparing to open the $9tn US retirement market to cryptocurrency investments, gold, and private equity in a move that would spur a radical shift in the way Americans’ savings are managed.

The House has passed the GENIUS Act stablecoin bill, sending it to Trump's desk where he will sign it. They've also passed the CLARITY Act crypto market structure bill and the Anti-CBDC Surveillance State Act, both of which still need to go to the Senate.

It's no coincidence that the Fairshake crypto super PAC has timed its press release announcing they have $140 million ready for the midterms as Congress is considering three crypto bills during "Crypto Week". Pass our bills, or we will spend millions against you in the midterms.

as someone who likes to collect cool or new words, you would not believe my delight just now when i discovered my e-reader saves a list of all the words i look up while i’m reading

Vocabulary builder: iconoclast
patrician
denouement
gantry
encomiastic scrofulous
sepulchre
vicissitudes
samovar
eyrie
verisimilitude
cockaded
fulminate
euphony
physiognomy
labile
moraine
scrivener
Diadem
privation
perdition
epigram
encomium
torpor
synecdoche
taciturn
balalaikas

A couple of years ago I wrote a tweet thread about how I'd begun to see people in the crypto and finreg spaces expressing excitement about the traceability of cryptocurrencies.

Thinking back to it as I watch Senators and crypto industry executives talk about how delightfully traceable public blockchains are. No pesky warrant required!

Molly White
@molly0xFFF
1:33 PM · Feb 14, 2023
the past ~month or so i've suddenly started seeing a bunch of people in crypto and in the financial regulatory/enforcement world who are unironically excited about crypto because of the financial surveillance it could empower, and that scares the shit out of me

the other day i was listening to a conversation about how "algorithms" could detect criminal activity occurring on public ledgers in real time to automatically alert law enforcement, or be programmed into the money itself to stop transactions.

[Screenshot of a text message: "or I'm going to move to a cabin in the woods with a faraday cage built around it"]

anyone know any good welders?

i run into people somewhat regularly who think that because i don't like crypto, i support unfettered government/LEO surveillance of personal finances.

like, no, that's part of WHY i don't like crypto
Senator Tim Scott: And let's set the record straight. Crypto isn't lawless, it's traceable. In fact, crypto companies are helping law enforcement track illicit activity with greater precision than traditional finance allows.

Jonathan Levin, Chainalysis CEO: But the unprecedented visibility offered by the public blockchain has to be factored into the assessment of both activity and risk. With the right tools, the public ledger becomes a powerful resource for market participants, regulators, and law enforcement to protect financial integrity. ... Getting the right regulations in place will ... require the government to leverage the transparency and available real-time information for effective supervision.

Senator Tim Scott: There's a common belief that money laundering is easy with crypto, but the truth is it's not. Blockchain technology creates a permanent traceable ledger that can help law enforcement catch those bad actors. I've said it before, so I'll say it again: It's far easier to track something that has a digital footprint than something that does not.

Senator Britt: And transactions on the blockchain offer a unique ability for tracing and tracking, including analyzing trends on the ledger.

Brad Garlinghouse, Ripple CEO: I think the good news has been in many cases they don't often understand how traceable and trackable that actually is and it's more trackable than, obviously, cash.