New: Trump's crypto venture announced its stablecoin would start trading on KuCoin today. KuCoin is banned in the U.S. and was fined $300 million earlier this year after pleading guilty to flouting anti-money laundering laws. me, for @forbes.com 1/ - ThreadSky

zacheverson.com • 3 days ago

New: Trump's crypto venture announced its stablecoin would start trading on KuCoin today.

KuCoin is banned in the U.S. and was fined $300 million earlier this year after pleading guilty to flouting anti-money laundering laws.

me, for @forbes.com

1/

Comments

wilkos.bsky.social•2 days ago

Another win for the legitimacy of crypto

dorosaynow.bsky.social•3 days ago

The White House is being turned into Corruption Headquarters.

dorosaynow.bsky.social•2 days ago

Correction: The White House has been turned into Corruption Headquarters.

erinkelleyaz.bsky.social•3 days ago

Trump needs to be able to launder his "golden dome" theft so he can repay Putin.

Remember when Trump showed up in the Pandora Papers? It was all about money laundering.

billstewart.bsky.social•3 days ago

Golden Teapot Dome?

erinkelleyaz.bsky.social•3 days ago

That could stick.

bennync.bsky.social•3 days ago

How is this even legal for a president to do? @democrats-judiciary.house.gov @housedemocrats.bsky.social this straight up money laundering by trump and his sons

hester-prynne.bsky.social•3 days ago

The Trump family business has always been thinly disguised money laundering. They're not even trying to hide it anymore.

gottobeaspirit.bsky.social•3 days ago

This is so on brand for the Trump family

thatoneguy43.bsky.social•3 days ago

Isn't this precisely one of the loop holes folks like Warren were concerned about in the stablecoin bill?

petergratton.bsky.social•2 days ago

Great work on this. Beyond Trump, a major problem with crypto is that individual Americans face legal consequences for using certain crypto exchanges, while American businesses can still form partnerships with those same exchanges for operations supposedly outside (wink wink) U.S. jurisdiction.

zacheverson.com•2 days ago

Thank you, Peter!

julezjam.bsky.social•3 days ago

You can’t make this stupid stuff up 🤮

starttheheal.bsky.social•3 days ago

So your kid goes out with your credit card in his pocket. You discuss the ground rules ahead of time - use for emergencies only. Then he charges a bunch of (non-emergency) stuff at the mall.
Punchline: You still have to pay the bill.
You are the American People. Guess who is the rule-breaking kid?

wandaallard.bsky.social•3 days ago

📌

midnight-ninja.bsky.social•3 days ago

Criminals flock to one another.

tagohio.bsky.social•3 days ago

When is the media going to confront the GOP Congress and ask when they are going to begin impeachment proceedings against Trump for his continued illegal actions and abuse of power? That is their job. It’s time for them to do their job and time for the media to do theirs.

crockerdeb.bsky.social•3 days ago

So, he's about to reverse that decision and let it do trades here?

biglytariffman.bsky.social•3 days ago

Every Republican in office is a spineless, dickless, gormless fucking worm.

progressivepeter.bsky.social•3 days ago

"KuCoin is banned in the U.S. and was fined $300 million earlier this year after pleading guilty to flouting anti-money laundering laws."

A powerful attractant for Trump.

cdbrow1.bsky.social•2 days ago

Of course.

thewanderess.bsky.social•3 days ago

KuCoin sounds like AssCoin

jsyoder.bsky.social•3 days ago

As long as eggs stay sky high and billionaires continue to become much more wealthy by the minute laughing all the way to crypto bank. Making sure the rule of law only applies to poor and woke folks. Good thing musk knew so much about those voting machines.

stlugal.bsky.social•3 days ago

MAGA please tell us more about the Biden crime family!

nywonk.bsky.social•3 days ago

Trump and his rotten sons should end up as a mix of Bernie Madoff and Sam Bankman-Fried.

raultoblerone.bsky.social•3 days ago

A golden age of corruption.

kdorg.bsky.social•3 days ago

📌 #griftandgreed

shellgeist.bsky.social•3 days ago

This administration’s flouting of our laws is so fucking egregious, it would be great if ANYBODY held them accountable.

zacheverson.com•3 days ago

Trump and his family control about 60% of World Liberty Financial through an LLC, according to the decentralize finance platform's website.

He's also its chief crypto advocate and inspiration (I prefer to think of him as its "muse," but don't think I could get that past an editor.)

2/

zacheverson.com•3 days ago

Last night, World Liberty Financial announced that its USD1 stablecoin would begin trading today on KuCoin.

3/

adowniebrazil.bsky.social•2 days ago

In Portuguese that means AssCoin. Seriously.

joshuavkidd.bsky.social•2 days ago

Hey NJ.... @booker.senate.gov voted for this.

zacheverson.com•3 days ago

What is this KuCoin you ask?

Turns out it is not a coin that commemorates Jan. 6.

#badumching

4/

stlugal.bsky.social•3 days ago

Was KlanKoin already taken?

zacheverson.com•3 days ago

Per the Justice Dept., KuCoin—

💰 "flouted U.S. anti-money laundering laws"

💰 agreed to pay almost $300 million in penalties

💰agreed to exit the US market for at least two years

5/

jclaudia1.bsky.social•3 days ago

Barf time 🤮.

zacheverson.com•3 days ago

KuCoin also agreed that two of its founders—Chun "Michael" Gan and Ke "Eric" Tang who were also indicted—would no longer have any role in the company's management or operations.

The Justice Dept. agreed to defer prosecution of them for two years.

7/

zacheverson.com•3 days ago

There's no evidence World Liberty Financial and KuCoin’s talks mentioned any of its legal problems (spox for the WH, Trump Org, World Liberty, and KuCoin did not respond to inquiries).

8/

heidiotoo.bsky.social•3 days ago

#COUPcoin basically??

Omg
.... make it stop.

billstewart.bsky.social•3 days ago

Does that mean it's illegal for Trump to deal with them?
Or just for them to SELL coins in the US, not to buy them?

scott.birbs.biz•3 days ago

As a former KuCoin user, 2019-2021, they were a coin casino, listing practically everything.

Not surprising they traded coins they were not supposed to.

I did have to KYC and give them all the sensitive private information and documents before they let me start trading.

scott.birbs.biz•3 days ago

Notable that the case that kicked KuCoin out of New York was based on allegations of lacking proper registration to be a broker/dealer.

In my mind it is not legally settled which cryptocurrencies require registering to be a broker/dealer. Most would agree Bitcoin does not.

artistrandy.bsky.social•3 days ago

This is more international crime Trump is committing. What's it going to take for Republicans to stand up for the US constitution and the rule of law? This is not about "politically" agreeing with a political agenda. This is aiding and abetting crimes.