Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 3 days ago

There is really no comparison in American history to the blatant corruption.

https://www.nytimes.com/2025/07/29/opinion/trump-crypto-genius-act-memcoin.html

#crypto #cryptocurrency#USpol#USpolitics

Molly White, whose Citation Needed newsletter I mentioned above, shares Massad’s views, writing by email: Trump has made hundreds of millions of dollars from hawking a memecoin — that is, a crypto token that doesn’t even try to pretend to have some underlying value or purpose — to his followers and to those hoping to buy influence with the president. There is really no comparison in American history to the blatant corruption of Trump’s pay-for-access memecoin dinner, where hundreds of primarily foreign nationals spent anywhere from $55,000 to more than $37 million for a ticket to the event. The crypto billionaire Justin Sun was the top memecoin holder at the dinner, and earlier this month announced he plans to buy another $100 million $TRUMP.
Molly White, whose Citation Needed newsletter I mentioned above, shares Massad’s views, writing by email: Trump has made hundreds of millions of dollars from hawking a memecoin — that is, a crypto token that doesn’t even try to pretend to have some underlying value or purpose — to his followers and to those hoping to buy influence with the president. There is really no comparison in American history to the blatant corruption of Trump’s pay-for-access memecoin dinner, where hundreds of primarily foreign nationals spent anywhere from $55,000 to more than $37 million for a ticket to the event. The crypto billionaire Justin Sun was the top memecoin holder at the dinner, and earlier this month announced he plans to buy another $100 million $TRUMP.
Molly White, whose Citation Needed newsletter I mentioned above, shares Massad’s views, writing by email: Trump has made hundreds of millions of dollars from hawking a memecoin — that is, a crypto token that doesn’t even try to pretend to have some underlying value or purpose — to his followers and to those hoping to buy influence with the president. There is really no comparison in American history to the blatant corruption of Trump’s pay-for-access memecoin dinner, where hundreds of primarily foreign nationals spent anywhere from $55,000 to more than $37 million for a ticket to the event. The crypto billionaire Justin Sun was the top memecoin holder at the dinner, and earlier this month announced he plans to buy another $100 million $TRUMP.
Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp 3 days ago

We should live in a world where selling out to corporate money or being completely spineless and ineffective in office is what threatens re-election.

#crypto #cryptocurrency#USpol#USpolitics

Republicans in Congress, White continued, would be horrified if any other president, particularly a Democratic one, was profiting from the office of the presidency in the way that Trump is, but they are so terrified of him that they haven’t said a word about it. And the crypto lobby and its hundreds of millions in campaign donations, has produced a truly shameful situation among Democrats who have either sold out to the crypto lobby, or who are so afraid of opposition when it comes time for re-election that they’re keeping their mouths shut. We should live in a world where selling out to corporate money or being completely spineless and ineffective in office is what threatens re-election.
Republicans in Congress, White continued, would be horrified if any other president, particularly a Democratic one, was profiting from the office of the presidency in the way that Trump is, but they are so terrified of him that they haven’t said a word about it. And the crypto lobby and its hundreds of millions in campaign donations, has produced a truly shameful situation among Democrats who have either sold out to the crypto lobby, or who are so afraid of opposition when it comes time for re-election that they’re keeping their mouths shut. We should live in a world where selling out to corporate money or being completely spineless and ineffective in office is what threatens re-election.
Republicans in Congress, White continued, would be horrified if any other president, particularly a Democratic one, was profiting from the office of the presidency in the way that Trump is, but they are so terrified of him that they haven’t said a word about it. And the crypto lobby and its hundreds of millions in campaign donations, has produced a truly shameful situation among Democrats who have either sold out to the crypto lobby, or who are so afraid of opposition when it comes time for re-election that they’re keeping their mouths shut. We should live in a world where selling out to corporate money or being completely spineless and ineffective in office is what threatens re-election.