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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Family Faces Damning New Grift Revelations
A key government agency is dismantling efforts to regulate online betting markets and crypto as President Donald Trump and his family deepen their ties to the booming industries.
The Trump familys growing footprint in crypto and prediction markets has translated into billions in new wealth, fueled by digital coin offerings and deals with prediction market firms.
Trumps eldest son, Don Jr., is both an investor in Polymarket, through his investment firm 1789 Capital, and an adviser to Kalshi and Polymarket. The presidents publicly traded media company partnered with Crypto.com last October on what the firms called an exclusive prediction market venture.
At the same time, the Commodity Futures Trading Commission, a small agency that regulates those industries, has undergone a dramatic retreat from enforcement, and staffers say a series of firings sent a clear warning not to make life difficult for the companies they are supposed to oversee, The New York Times reports.
https://www.yahoo.com/news/politics/articles/trump-family-faces-damning-grift-210922440.html
Crypto is the preferred currency of money launderers.
UpInArms
(55,422 posts)These creatures are despicable
Irish_Dem
(82,481 posts)Not the look she is used to.
FalloutShelter
(14,654 posts)"Crypto is for crimeing."
BadgerMom
(3,441 posts)I wish. Nothing damns these monsters. DJT has spent his life escaping consequences.
littlemissmartypants
(34,527 posts)Full disclosure: I didn't read the article. I already know the content.
Crypto is the currency of CRIMINALS.
SergeStorms
(20,849 posts)who jumped aboard the Trump crypto-con, remember......Trump bankrupted two casinos and got away without any consequences.
Just how in hell do you bankrupt a freaking casino, let alone two of them? Casinos print money.
Good luck with all your investments in TrumpCo. They're all designed to pay off the very top of the pyramid. Everyone else is a sucker.
LymphocyteLover
(10,200 posts)MorbidButterflyTat
(4,776 posts)Again with the facing! They don't face anything! They walk away laughing with another billion or two.
Jeez the disingenuous "news" is sickening!