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For some reason people fleeing the sinking #Twitter / #X ship for #BlueSky don't seem to be aware of the fact that crypto bros at #BlockchainCapital bought a huge stake in the company just a few weeks ago. Like these are basically the same crypto bros who just helped #ElonMusk buy Twitter. They might even be literally the same people (I strongly suspect they are but I'm too lazy to check). Either way #BlockchainCapital was co-founded by #BrockPierce, who also brought you #Tether, AKA the company that Trump's transition team chairman manages $120 billion for. Pierce is also a friend of the #Netanyahu family.

You don't have to take my word for it. Here's the official press release: bsky.social/about/blog/10-24-2…

Moving to BlueSky is not an escape. Growing a base there is just putting in a bunch of work to create a platform that will be co-opted by crypto bros as soon as X breaks in half.

p.s. crypto bros (#a16z) also own #Substack

#crypto #cryptocurrency #bitcoin #USDT #Trump #DonaldTrump


Republican Jim Banks has won his Indiana Senate race, as the heavily favored candidate. He received $3 million in crypto super PAC support in his primary race, but no support in the general.

followthecrypto.org/elections/…

#USpolitics #USpol #crypto #cryptocurrency


Republican Jim Justice has won his West Virginia Senate race, flipping the seat from retiring Democrat Joe Manchin. Justice was heavily favored to win.

He received $3 million in crypto super PAC support in his primary race, but no support in the general.

followthecrypto.org/elections/…

#USpolitics #USpol #crypto #cryptocurrency


Democrat Elizabeth Warren has won re-election to the Massachusetts Senate, winning over longshot crypto candidate Republican John Deaton. Deaton received $1.7 million in backing from crypto industry, which also spent a bit over $400K to oppose Warren.

followthecrypto.org/elections/…

#USpolitics #USpol #crypto #cryptocurrency


Newsletter: Coinbase threatens me that continuing to report on their activities would be “.... unwise”. Also, election spending hits a fever pitch, with several new crypto PACs coming out of the woodwork.

citationneeded.news/issue-69/

#crypto #cryptocurrency #USpolitics #USpol


FTX’s Nishad Singh was sentenced to no jail time, and three years of supervised release. He had pleaded guilty to fraud and money laundering charges, as well as a campaign finance charge, and cooperated with the prosecution.

That just leaves defendant Gary Wang left to be sentenced. I imagine he’s feeling some relief after hearing of Singh’s non-custodial sentence.

#FTX #crypto #cryptocurrency


See my reporting on their previous violation, which is being reviewed by the FEC: citationneeded.news/coinbase-c…

#Coinbase #crypto #cryptocurrency #USpolitics #USpol


As Grewal already knows perfectly well, we have replied to what he had to say about the complaint in a supplemental filing: citizen.org/wp-content/uploads…

As for being “put on notice”, I don’t know what he means by that.

#Coinbase #crypto #cryptocurrency #USpolitics #USpol


Coinbase’s Chief Legal Officer Paul Grewal has now replied with a threat:

#Coinbase #crypto #cryptocurrency #USpolitics #USpol


i’ve just noticed that at some point the absolute legends that hold the Fairshake.com domain updated their website. they’re the first google result for “fairshake”, above the website for the crypto-focused super PAC

#fairshake #crypto #cryptocurrency


As an active federal contractor, Coinbase is prohibited from making political contributions, including to super PACs. This makes $50 million that they have contributed in violation of pay-to-play laws for contractors.

#Coinbase #crypto #cryptocurrency #USpolitics #USpol