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It makes me want to riot that we've allowed the presidents whole family to leverage their wealth on Bitcoin, its such an outrageous conflict of interest, litera
by jazzyjackson 1y ago
It makes me want to riot that we've allowed the presidents whole family to leverage their wealth on Bitcoin, its such an outrageous conflict of interest, literally with a few million up front you stand to become unbelievably wealthy by yanking the USD's reserve currency status.
Real monkeys paw action here tho because I always liked the idea of BTC as a viable alternate to USD, but, not like this.
- JuniperMesos 1y ago[dead]
- 1oooqooq 1y agothey would have profited anyway. be it stocks or forex. using btc only makes it public i guess?
- jazzyjackson 1y agocorruption is one thing, I would call it merely unfair (unfortunately not illegal) to trade with inside information or by pulling strings. Crashing the dollar for personal gain, tho, it's practically treason.
- immibis 1y agoNot practically - crashing the dollar on purpose is actually treason.
- lesuorac 1y agoStocks are public. There's a been a lot of people doing moves ahead of other tariffs announcements.
- pyuser583 1y agoBitcoin is arguably more public than stocks - all transfers are publicized. Transactions on major stock markets are publicized, but private transactions are not.
- 1oooqooq 1y agothey most definitely are not.
- lesuorac 1y agoHow do you think the SEC finds it's insider trading cases? They see a giant position placed ahead of a movement in the market and then ask the exchange who placed those trades. The only difference between an exchange and crypto is that cypto you can also see.
- finghin 1y agoPerhaps it makes the burden of proof for the accusation higher, though?
- colonCapitalDee 1y agoBTC means they can pull wealth out of the system at astonishing rates. Trump & Co are hardly the first to be corrupt, but the scale, the blatentness, and the damage being done to the country as a byproduct is unprecedented in modern history
- mielioort 1y ago[dead]
- jiggawatts 1y agoAs someone looking in at the USA from the outside, it absolutely blows my mind that the country went from “give up the peanut farm” to this: https://en.wikipedia.org/wiki/$Trump https://en.wikipedia.org/wiki/$Trump Like… what!? I have no words.
- wredcoll 1y agoIt is genuinely amazing how fast it feels like it happened. The whole monica lewisnky thing happened because there was an investigation into Clinton making maybe 100k off a partnership with a guy who later got arrested. Granted that was over 20 years ago now, but like, hillarys emails???
- billy99k 1y ago[flagged]
- estearum 1y agoThat's not what happened. What they said is that it was definitely a violation, there did not appear to be a chargeable crime.
- AnimalMuppet 1y agoRegular people get charged for that level of violating regulations around classified information. They also get charged for having classified information in their bathroom or in their garage.
- estearum 1y agoYeah agreed. I'm not sure any civilian politician would really be charged for that type of violation though. Would've been nice if the DNC apparatus didn't downplay as if it didn't matter at all though: it does! Note that this is actually quite different from the Mar-a-Lago case where Trump was asked to return documents, he said he did, then said he didn't have them, then asked people "what if we just said we didn't have them", then he was asked to return them again, and he said he didn't know anything about it.
- anon191928 1y agowait until you learn about where $trillions went in last decades of war.