Freshman Arizona Sen. Ruben Gallego was recently named the top Democrat on the Senate Banking Committee’s new subcommittee on “digital assets,” which will oversee cryptocurrencies. On the heels of that appointment, Gallego will hold a ritzy donor retreat alongside one of the crypto industry’s biggest cheerleaders and investors, Marc Andreessen. …
Read More »Trump's Inauguration Donors: Big Oil, Big Pharma, Big Tech, Crypto, and More
Donald Trump is president again, and corporate interests have been paying up. Dozens of major companies recently disclosed making significant donations to support Trump’s Jan. 20 inauguration, which ended up being a small, intimate affair in the U.S. Capitol. Industries showering Trump with cash included Big Oil, Big Tech, Big …
Read More »Here's Everything Wrong With Trump's Crypto Meme Coins
Mark Hays is the Associate Director, Cryptocurrency and Financial Technology at Demand Progress Education Fund and Americans for Financial Reform Education Fund. Days before taking the oath of office, Donald Trump and his family launched a new cryptocurrency token — known informally as a meme coin — called $TRUMP, as …
Read More »Meme Coins Started as a Joke. Trump Thinks They're the Entire Point of Crypto
From his explosive debut on the presidential election trail in 2015, Donald Trump‘s career in national politics was uniquely entwined with internet culture. The trolls of 4Chan and the ascendant alt-right embraced him as a living meme, someone whose ability to offend the mainstream and bulldoze social norms could reshape …
Read More »Man Divides Internet by Collecting Girlfriend's Hair and Taping It to Styrofoam Head
If you’ve spent any time on dating apps, you’ve surely seen people describing their so-called “love language.” Some people may value quality time with a partner above anything else, others may express affection through home-cooked meals, and then there are those who like to trade words of support and affirmation. …
Read More »Hawk Tuah Girl Breaks Silence After Meme Coin Crash and Class Action Suit
First comes fame, then the cryptocurrency — then the lawsuit. Haliey Welch, a Tennessee native who was launched to internet stardom this summer thanks to a street interview in which she pantomimed spitting during oral sex (thus earning the onomatopoeiec nickname “Hawk Tuah Girl“), managed the rare feat of remaining …
Read More »Hawk Tuah Girl's Crypto Team Short on Answers After Disastrous Meme Coin Bust
Since becoming a viral star this summer thanks to a street interview in which she charmingly imparted graphic sex advice, Haliey Welch, a.k.a. “Hawk Tuah Girl,” has launched a podcast and an animal charity, carving out a pleasant niche for herself as an influencer. Being more online, of course, has …
Read More »The Crypto Industry Emerged As a 'Political Money Death Star' in 2024
Close your eyes and make a list of the most important issues in the 2024 election. Maybe you thought of the cost of living, abortion, immigration, democracy, climate change, gun violence, the war in Gaza, the Supreme Court. If you’re like the vast majority of voters, the word you probably …
Read More »Crypto Comes For Sherrod Brown: $32 Million in Ads Boosting His Opponent
The end of 2023 was not a great time for the crypto industry. In November, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, learned that no amount of Michael Lewis gymnastics could save him from being convicted on seven charges of fraud and conspiracy. He was eventually sentenced to …
Read More »Crypto Giants Want to Buy Washington. They're Bankrolling Trump to Make It Happen
Just before the three-day Bitcoin 2024 conference got underway in Nashville this week, Tyler Winklevoss, the bitcoin billionaire who founded the cryptocurrency exchange Gemini with his twin brother Cameron, had harsh words for presumptive Democratic presidential nominee Kamala Harris. He was incensed that after years of tension between the Biden …
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