About trump's pick for Commerce Sec.

berg80

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Oct 28, 2017
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Trump transition chief under fire for conflicts


Howard Lutnick, the Wall Street CEO heading up Donald Trump’s transition operation, is facing accusations from some Trump insiders that he is improperly mixing his business interests with his duties standing up a potential administration.

The alarm among Trump’s loyalists has been compounded by the belief that Lutnick has tried to sideline a host of aides and advisers who worked in the first Trump administration in hopes of instead filling the second administration with new people who could be personally beneficial to him.

The concerns were described by two people close to Trump, who said they have risen all the way to the ex-president himself. They have prompted speculation that Lutnick might be demoted or made to report to another Trump loyalist on transition matters.

Lutnick’s camp rejects the double-dealing allegations and suggests they are a smear pushed by some ex-Trump officials associated with Project 2025 — the now-defunct Heritage Foundation project that has become a political albatross for Trump — who are upset with Lutnick for refusing to consider them for key positions.


So what did big fat Donnie do?

Trump picks Lutnick to be Commerce secretary


Despite.........

The criminal’s ‘go-to cryptocurrency’ has a new friend in the White House

In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies.“ I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail sentences for fraud. “And then,” he said, “I met the people who owned Tether.” In contrast to other industry players, Lutnick said, Tether’s co-founder Giancarlo Devasini, an Italian-born former plastic surgeon, was able to prove he was running a legitimate business. Since then the business has boomed. Profits at Tether, which now administers the most traded cryptocurrency in the world, surged to $5.2bn in the first half of this year. Despite only having around 100 employees, those earnings put Tether on a similar scale to some of the world’s largest banks — a billion more than Barclays and a billion less than Morgan Stanley — largely derived from interest on its reserves accumulated by taking in dollars in exchange for tokens.

But at the same time, according to enforcement officials, prosecutors and information from multiple current and recent indictments, Tether has cemented its place as the go-to cryptocurrency for international criminals. The eye-popping constellation of gangsters and sanctions evaders using Tether includes cocaine cartels, North Korean hackers, Iranian and Russian spies, and fentanyl smugglers.

There appears to be a theme emerging here.

Trump’s pick to lead NASA made a big bet on crypto while going to space on the side


President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is a 41-year-old space enthusiast, who just months ago commanded the world’s first all-civilian mission to reach orbit.

He’s also a crypto billionaire.

Isaacman is the founder of Shift4, a fintech company that provides secure payment processing solutions for businesses. The company’s stock price has jumped almost 40% this year, lifting its market cap to $9.3 billion. Isaacman started the business in 1999 at age 16 and took it public on the New York Stock Exchange in 2020.

In a Dec. 4 post on his Truth Social platform announcing the nomination, Trump wrote, “Jared has demonstrated exceptional leadership, building a trailblazing global financial technology company.”


Why is Donald Trump talking up crypto?

President-elect Donald Trump has said many negative things about cryptocurrencies. Their value is “based on thin air,” he remarked; they can “facilitate unlawful behavior.” Bitcoin “seems like a scam” he told Fox Business in 2021. “I don’t like it because it’s another currency competing against the dollar.” Things change. This year Mr. Trump proposed that “if bitcoin is going to the moon, I want America to be the nation that leads the way.”
There are plausible explanations for the change of heart. None, however, are reassuring, given cryptocurrencies’ track record. In 15 years, they have proven especially useful for illicit activities, and not any better than conventional currencies for much else. Either Mr. Trump has conducted some novel — and faulty — policy analysis, or he is seeking personal gain.
One motivation for Mr. Trump’s crypto turn seems clear: During his campaign, he appealed to the burgeoning crypto lobby, a motley group of techy libertarians and opportunists seeking easy money to whom he promised a national crypto reserve (which would offer crypto speculators an opportunity to monetize their investment on the U.S. government’s dime). Another concerning possibility: Mr. Trump himself appears to be trying to cash in on cryptocurrency, raising a new set of questions about the conflicts of interest he will bring to the Oval Office.
In mid-September, weeks before the election, Mr. Trump announced his newest business project: World Liberty Financial, a somewhat nebulous venture that will provide a platform for people to borrow, lend and earn interest on crypto.

https://www.washingtonpost.com/opinions/2024/11/27/crypto-bitcoin-trump-conflict-interest/

But hey, I'm sure it's all just a coincidence. ;)
 
tl;dr

TDSClinic.jpg
 

Trump transition chief under fire for conflicts


Howard Lutnick, the Wall Street CEO heading up Donald Trump’s transition operation, is facing accusations from some Trump insiders that he is improperly mixing his business interests with his duties standing up a potential administration.

The alarm among Trump’s loyalists has been compounded by the belief that Lutnick has tried to sideline a host of aides and advisers who worked in the first Trump administration in hopes of instead filling the second administration with new people who could be personally beneficial to him.

The concerns were described by two people close to Trump, who said they have risen all the way to the ex-president himself. They have prompted speculation that Lutnick might be demoted or made to report to another Trump loyalist on transition matters.

Lutnick’s camp rejects the double-dealing allegations and suggests they are a smear pushed by some ex-Trump officials associated with Project 2025 — the now-defunct Heritage Foundation project that has become a political albatross for Trump — who are upset with Lutnick for refusing to consider them for key positions.


So what did big fat Donnie do?

Trump picks Lutnick to be Commerce secretary


Despite.........

The criminal’s ‘go-to cryptocurrency’ has a new friend in the White House

In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies.“ I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail sentences for fraud. “And then,” he said, “I met the people who owned Tether.” In contrast to other industry players, Lutnick said, Tether’s co-founder Giancarlo Devasini, an Italian-born former plastic surgeon, was able to prove he was running a legitimate business. Since then the business has boomed. Profits at Tether, which now administers the most traded cryptocurrency in the world, surged to $5.2bn in the first half of this year. Despite only having around 100 employees, those earnings put Tether on a similar scale to some of the world’s largest banks — a billion more than Barclays and a billion less than Morgan Stanley — largely derived from interest on its reserves accumulated by taking in dollars in exchange for tokens.

But at the same time, according to enforcement officials, prosecutors and information from multiple current and recent indictments, Tether has cemented its place as the go-to cryptocurrency for international criminals. The eye-popping constellation of gangsters and sanctions evaders using Tether includes cocaine cartels, North Korean hackers, Iranian and Russian spies, and fentanyl smugglers.

There appears to be a theme emerging here.

Trump’s pick to lead NASA made a big bet on crypto while going to space on the side


President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is a 41-year-old space enthusiast, who just months ago commanded the world’s first all-civilian mission to reach orbit.

He’s also a crypto billionaire.

Isaacman is the founder of Shift4, a fintech company that provides secure payment processing solutions for businesses. The company’s stock price has jumped almost 40% this year, lifting its market cap to $9.3 billion. Isaacman started the business in 1999 at age 16 and took it public on the New York Stock Exchange in 2020.

In a Dec. 4 post on his Truth Social platform announcing the nomination, Trump wrote, “Jared has demonstrated exceptional leadership, building a trailblazing global financial technology company.”


Why is Donald Trump talking up crypto?

President-elect Donald Trump has said many negative things about cryptocurrencies. Their value is “based on thin air,” he remarked; they can “facilitate unlawful behavior.” Bitcoin “seems like a scam” he told Fox Business in 2021. “I don’t like it because it’s another currency competing against the dollar.” Things change. This year Mr. Trump proposed that “if bitcoin is going to the moon, I want America to be the nation that leads the way.”
There are plausible explanations for the change of heart. None, however, are reassuring, given cryptocurrencies’ track record. In 15 years, they have proven especially useful for illicit activities, and not any better than conventional currencies for much else. Either Mr. Trump has conducted some novel — and faulty — policy analysis, or he is seeking personal gain.
One motivation for Mr. Trump’s crypto turn seems clear: During his campaign, he appealed to the burgeoning crypto lobby, a motley group of techy libertarians and opportunists seeking easy money to whom he promised a national crypto reserve (which would offer crypto speculators an opportunity to monetize their investment on the U.S. government’s dime). Another concerning possibility: Mr. Trump himself appears to be trying to cash in on cryptocurrency, raising a new set of questions about the conflicts of interest he will bring to the Oval Office.
In mid-September, weeks before the election, Mr. Trump announced his newest business project: World Liberty Financial, a somewhat nebulous venture that will provide a platform for people to borrow, lend and earn interest on crypto.

https://www.washingtonpost.com/opinions/2024/11/27/crypto-bitcoin-trump-conflict-interest/

But hey, I'm sure it's all just a coincidence. ;)
Like attracts like.
 
Like attracts like.
Connecting the dots here is pretty simple. trump sees an opportunity to make money by promoting crypto so he's adding one crypto investor after another to his admin. And firing crypto skeptic Gary Gensler, the current head of the SEC, to be replaced with crypto advocate Paul Atkins.
 

SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws​


WASHINGTON — The Securities and Exchange Commission on Thursday charged global financial services firm Cantor Fitzgerald with violating laws related to regulatory disclosures by so-called blank-check companies before they raise money from the public.

Cantor’s chairman and CEO, Howard Lutnick, was recently nominated by President-elect Donald Trump to lead the Commerce Department. Lutnick is co-chair of Trump’s transition team.

Cantor agreed to settle the SEC’s charges by agreeing to pay a $6.75 million civil penalty and agreeing to not violate the securities laws at issue in the case.

The firm did not admit or deny the charges, which relate to certain antifraud and proxy provisions of federal securities laws.

 

Trump transition chief under fire for conflicts


Howard Lutnick, the Wall Street CEO heading up Donald Trump’s transition operation, is facing accusations from some Trump insiders that he is improperly mixing his business interests with his duties standing up a potential administration.

The alarm among Trump’s loyalists has been compounded by the belief that Lutnick has tried to sideline a host of aides and advisers who worked in the first Trump administration in hopes of instead filling the second administration with new people who could be personally beneficial to him.

The concerns were described by two people close to Trump, who said they have risen all the way to the ex-president himself. They have prompted speculation that Lutnick might be demoted or made to report to another Trump loyalist on transition matters.

Lutnick’s camp rejects the double-dealing allegations and suggests they are a smear pushed by some ex-Trump officials associated with Project 2025 — the now-defunct Heritage Foundation project that has become a political albatross for Trump — who are upset with Lutnick for refusing to consider them for key positions.


So what did big fat Donnie do?

Trump picks Lutnick to be Commerce secretary


Despite.........

The criminal’s ‘go-to cryptocurrency’ has a new friend in the White House

In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies.“ I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail sentences for fraud. “And then,” he said, “I met the people who owned Tether.” In contrast to other industry players, Lutnick said, Tether’s co-founder Giancarlo Devasini, an Italian-born former plastic surgeon, was able to prove he was running a legitimate business. Since then the business has boomed. Profits at Tether, which now administers the most traded cryptocurrency in the world, surged to $5.2bn in the first half of this year. Despite only having around 100 employees, those earnings put Tether on a similar scale to some of the world’s largest banks — a billion more than Barclays and a billion less than Morgan Stanley — largely derived from interest on its reserves accumulated by taking in dollars in exchange for tokens.

But at the same time, according to enforcement officials, prosecutors and information from multiple current and recent indictments, Tether has cemented its place as the go-to cryptocurrency for international criminals. The eye-popping constellation of gangsters and sanctions evaders using Tether includes cocaine cartels, North Korean hackers, Iranian and Russian spies, and fentanyl smugglers.

There appears to be a theme emerging here.

Trump’s pick to lead NASA made a big bet on crypto while going to space on the side


President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is a 41-year-old space enthusiast, who just months ago commanded the world’s first all-civilian mission to reach orbit.

He’s also a crypto billionaire.

Isaacman is the founder of Shift4, a fintech company that provides secure payment processing solutions for businesses. The company’s stock price has jumped almost 40% this year, lifting its market cap to $9.3 billion. Isaacman started the business in 1999 at age 16 and took it public on the New York Stock Exchange in 2020.

In a Dec. 4 post on his Truth Social platform announcing the nomination, Trump wrote, “Jared has demonstrated exceptional leadership, building a trailblazing global financial technology company.”


Why is Donald Trump talking up crypto?

President-elect Donald Trump has said many negative things about cryptocurrencies. Their value is “based on thin air,” he remarked; they can “facilitate unlawful behavior.” Bitcoin “seems like a scam” he told Fox Business in 2021. “I don’t like it because it’s another currency competing against the dollar.” Things change. This year Mr. Trump proposed that “if bitcoin is going to the moon, I want America to be the nation that leads the way.”
There are plausible explanations for the change of heart. None, however, are reassuring, given cryptocurrencies’ track record. In 15 years, they have proven especially useful for illicit activities, and not any better than conventional currencies for much else. Either Mr. Trump has conducted some novel — and faulty — policy analysis, or he is seeking personal gain.
One motivation for Mr. Trump’s crypto turn seems clear: During his campaign, he appealed to the burgeoning crypto lobby, a motley group of techy libertarians and opportunists seeking easy money to whom he promised a national crypto reserve (which would offer crypto speculators an opportunity to monetize their investment on the U.S. government’s dime). Another concerning possibility: Mr. Trump himself appears to be trying to cash in on cryptocurrency, raising a new set of questions about the conflicts of interest he will bring to the Oval Office.
In mid-September, weeks before the election, Mr. Trump announced his newest business project: World Liberty Financial, a somewhat nebulous venture that will provide a platform for people to borrow, lend and earn interest on crypto.

https://www.washingtonpost.com/opinions/2024/11/27/crypto-bitcoin-trump-conflict-interest/

But hey, I'm sure it's all just a coincidence. ;)
Your 4 year meltdown is hilarious.

:dance: :dance: :dance: :dance:
 

Trump transition chief under fire for conflicts


Howard Lutnick, the Wall Street CEO heading up Donald Trump’s transition operation, is facing accusations from some Trump insiders that he is improperly mixing his business interests with his duties standing up a potential administration.

The alarm among Trump’s loyalists has been compounded by the belief that Lutnick has tried to sideline a host of aides and advisers who worked in the first Trump administration in hopes of instead filling the second administration with new people who could be personally beneficial to him.

The concerns were described by two people close to Trump, who said they have risen all the way to the ex-president himself. They have prompted speculation that Lutnick might be demoted or made to report to another Trump loyalist on transition matters.

Lutnick’s camp rejects the double-dealing allegations and suggests they are a smear pushed by some ex-Trump officials associated with Project 2025 — the now-defunct Heritage Foundation project that has become a political albatross for Trump — who are upset with Lutnick for refusing to consider them for key positions.


So what did big fat Donnie do?

Trump picks Lutnick to be Commerce secretary


Despite.........

The criminal’s ‘go-to cryptocurrency’ has a new friend in the White House

In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies.“ I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail sentences for fraud. “And then,” he said, “I met the people who owned Tether.” In contrast to other industry players, Lutnick said, Tether’s co-founder Giancarlo Devasini, an Italian-born former plastic surgeon, was able to prove he was running a legitimate business. Since then the business has boomed. Profits at Tether, which now administers the most traded cryptocurrency in the world, surged to $5.2bn in the first half of this year. Despite only having around 100 employees, those earnings put Tether on a similar scale to some of the world’s largest banks — a billion more than Barclays and a billion less than Morgan Stanley — largely derived from interest on its reserves accumulated by taking in dollars in exchange for tokens.

But at the same time, according to enforcement officials, prosecutors and information from multiple current and recent indictments, Tether has cemented its place as the go-to cryptocurrency for international criminals. The eye-popping constellation of gangsters and sanctions evaders using Tether includes cocaine cartels, North Korean hackers, Iranian and Russian spies, and fentanyl smugglers.

There appears to be a theme emerging here.

Trump’s pick to lead NASA made a big bet on crypto while going to space on the side


President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is a 41-year-old space enthusiast, who just months ago commanded the world’s first all-civilian mission to reach orbit.

He’s also a crypto billionaire.

Isaacman is the founder of Shift4, a fintech company that provides secure payment processing solutions for businesses. The company’s stock price has jumped almost 40% this year, lifting its market cap to $9.3 billion. Isaacman started the business in 1999 at age 16 and took it public on the New York Stock Exchange in 2020.

In a Dec. 4 post on his Truth Social platform announcing the nomination, Trump wrote, “Jared has demonstrated exceptional leadership, building a trailblazing global financial technology company.”


Why is Donald Trump talking up crypto?

President-elect Donald Trump has said many negative things about cryptocurrencies. Their value is “based on thin air,” he remarked; they can “facilitate unlawful behavior.” Bitcoin “seems like a scam” he told Fox Business in 2021. “I don’t like it because it’s another currency competing against the dollar.” Things change. This year Mr. Trump proposed that “if bitcoin is going to the moon, I want America to be the nation that leads the way.”
There are plausible explanations for the change of heart. None, however, are reassuring, given cryptocurrencies’ track record. In 15 years, they have proven especially useful for illicit activities, and not any better than conventional currencies for much else. Either Mr. Trump has conducted some novel — and faulty — policy analysis, or he is seeking personal gain.
One motivation for Mr. Trump’s crypto turn seems clear: During his campaign, he appealed to the burgeoning crypto lobby, a motley group of techy libertarians and opportunists seeking easy money to whom he promised a national crypto reserve (which would offer crypto speculators an opportunity to monetize their investment on the U.S. government’s dime). Another concerning possibility: Mr. Trump himself appears to be trying to cash in on cryptocurrency, raising a new set of questions about the conflicts of interest he will bring to the Oval Office.
In mid-September, weeks before the election, Mr. Trump announced his newest business project: World Liberty Financial, a somewhat nebulous venture that will provide a platform for people to borrow, lend and earn interest on crypto.

https://www.washingtonpost.com/opinions/2024/11/27/crypto-bitcoin-trump-conflict-interest/

But hey, I'm sure it's all just a coincidence. ;)
Crypto is going to be the next “Bernie Madoff”… only worse

Much worse
 

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