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Thoughts tagged "US politics"

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

Someone just spent $8 million on $TRUMP memecoins after the president announced that the top holders would be invited to join him at a private dinner at his DC golf club.

Solscan screenshot showing four purchases of a total of 655K TRUMP tokens for approximately $8 million

The purchases were funded by a Binance account, suggesting the wallet owner is not based in the US.

The House Financial Services Republicans and the White House (now deleted) tagged either a hacked or fake account in their announcements that Paul Atkins was sworn in as SEC Chair. The "Atkins" account immediately started asking for crypto.

SEC Chair Paul Atkins sworn in

Meet our new SEC Chair, Paul Atkins. Who better for the role than a Project 2025 architect who blamed the FTX fraud on the US not being "accommodating" to blockchain technology?

@molly0xfff Who better to regulate financial markets than Paul Atkins, a Project 2025 architect who blamed the FTX fraud on the US not being "accommodating" to blockchain technology? #sec #trumpadministration #project2025 #paulatkins ♬ original sound - Molly White

Trump’s Trump Media & Technology Group has just asked the US Securities and Exchange Commission to investigate and potentially pursue civil and criminal action against a short seller

To: Mark Uyeda, Acting Chairman, U.S. Securities and Exchange Commission
From: Trump Media & Technology Group

Date: April 17, 2025
Subject: Potential Illegal Naked Short Selling and Market Manipulation of DJT Stock

CC: Financial Industry Regulatory Authority (FINRA); Nasdaq; New York Stock Exchange

This letter serves to inform you of suspicious activity related to a disclosure filed in Germany by the U.K.-based hedge fund Qube Research & Technologies ("Qube"). The following data points raise critical questions about the timing and methods used in Qube's trading activities:

On April 10, 2025, Qube disclosed a nearly six-million share short position in Trump Media & Technology Group Corp ("TMTG") (NASDAQ, NYSE Texas: DJT). Thus, a U.K.-based entity, with a data center in Iceland, only disclosed these short sales in Germany.
According to Nasdaq, the total short interest in DJT as of March 31, 2025, was 10.7 million shares (see attached chart). Third party sources inform TMTG that the total short interest as of April 16, 2025, is virtually unchanged-approximately 11 million shares.
Neither Nasdaq, NYSE Texas, nor any other source has been able to confirm when the trades disclosed by Qube were conducted or if they were conducted at all.
The above factors, especially when combined with the history of suspicious trading surrounding DJT stock-including DJT appearing on Nasdaq's Regulation SHO Threshold Security List continuously for more than two months in 2024-could be indications of the illegal naked short selling of DJT shares.

We urge you to immediately investigate this suspicious trading and report your findings back to TMTG and any relevant civil and criminal authorities. American equities exchanges should be operated with full transparency and maximum efficiency, not as an opaque free-for-all reminiscent of a third-world casino.

White House crypto advisers have floated the idea of using tariff revenues or US gold reserves to buy bitcoin

@molly0xfff White House crypto advisers think tariff revenues or gold reserves could be used to buy Bitcoin, benefiting the president's billionaire crypto backers #cryptonews #cryptoindustry #cryptolobby #tariff #bitcoin #news #uspolitics ♬ original sound - Molly White

If I light your house on fire and then douse the flames halfway through it burning down, I shouldn’t be praised for my firefighting skills

pleased to hear the penguins have won the trade bargains

Crypto lobby: “Sure, Trump nixed the Crypto Enforcement Team, directed Major Fraud prosecutors to stop prosecuting crypto cases, and is trying to exempt crypto platforms from the BSA, but they wrote right here that they care about stopping crypto crime!”

Trump has directed the Department of Justice to stop pursuing crypto fraud, dismantling the National Cryptocurrency Enforcement Team and ordering the Market Integrity and Major Frauds Unit to cease cryptocurrency enforcement.

(Memo, archive link)

i'm just saying, i lose my voice if i have to speak for more than an hour straight

some people are just built different i guess

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