#strategiccryptoreserve — Public Fediverse posts

GOP Majority Whip #TomEmmer, the man who wrote angry letters to the #SEC demanding that they stop bothering an innovative company like #FTX back in 2022, believes that the US government will be buying 1 million bitcoins for a price equivalent to 10-20% of the US defense budget for the “#StrategicBitcoinReserve” before the end of this session of Congress.

Here he is kissing Sam Bankman-Fried's ass on the floor of the US #Congress a few years ago: https://www.youtube.com/watch?v=MpIPlb7mYTE

#DigitalAssetsStockpile #StrategicCryptoReserve #uspol #corruption #SBF #Trump #GOP #blockchain8

oh look #BradGarlinghouse, another one of the 2024 election's megadonors, had (some of the) securities fraud charges against his company #Ripple dropped (they were charged with selling unregistered securities in the form of their token #XRP - the same XRP token that Trump wants to put in the “Strategic Crypto Reserve”).

i assume the rest of the charges (the ones they were convicted of) will be dropped soon enough.
https://x.com/bgarlinghouse/status/1902345706636992720

#crypto #uspol #corruption #Trump #Blockchain8 #XRP #StrategicCryptoReserve #DigitalAssetsStockpile #SEC #CFTC #superPAC

Legislation to allocate ~$100 billion of taxpayer money (roughly 8 aircraft carriers or 12% of the entire US defense budget) to buying #bitcoin has been reintroduced by Senator #CynthiaLummis.

(Unstated: Lummis is trying to pump the bitcoin market which has been crashing in the aftermath of Trump only committing to not selling $20bn worth of bitcoins seized from criminals when the market was pricing in a massive government purchase)

(Also unstated: Lummis owns a lot of bitcoin, so she’s nakedly attempting to use taxpayer money to enrich herself)

#Wyoming #senate #republicans #crypto #uspol #economics #economy #MAGA #StrategicBitcoinReserve #StrategicCryptoReserve

bitcoin daily candle chart going for maximum lols in the wake of Trump's #StrategicCryptoReserve announcement

#StrategicBitcoinReserve #DigitalAssetsStockpile #uspol

@ncweaver.skerry-tech.com note that it's all donor coins - #SOL (#Solana, backed by "crypto czar" #DavidSacks), #XRP (#Ripple, CEO is megadonor #BradGarlinghouse), and #ADA (#Cardano, created by #CharlesHoskinson). Trump only added bitcoin and ethereum a few hours later.

The price of all these tokens massively spiked 10-35% on the news as people seek to front run the American taxpayer’s “investment”.

#nerdReich #Broligarchy #uspol #StrategicBitcoinReserve #DigitalAssetsStockpile #StrategicCryptoReserve