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#usdt

2 posts2 participants0 posts today

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#TheCryptocalypseChronicles: El Salvador's Gulag Cryptopelago (new, spicier title)

#ElSalvador's in the news a lot right now because the Trump administration shipped a few hundred people off to that country's incredibly dangerous new mega prison, #CECOT.

What seems to have gone unnoticed in all the reporting, however, is Salvadoran dictator #NayibBukele's outsized role in the world of cryptocurrency and through that his direct connections to the Trump administration via Commerce Secretary #HowardLutnick and #Tether.

Retoots appreciated.

cryptadamus.substack.com/p/we-

Good article in The Prospect about the coming STABLE and GENIUS acts, which will give an implicit bail out guarantee to crypto money laundering firms - sorry, i mean "stablecoins" - like #Tether and #Circle (#Coinbase). One of the two would also let #ElonMusk print his own dollars.

Senate #Democrats like #KirstenGillibrand, #ElissaSlotkin, and #RubenGallego, whose election campaigns were supported by incredible amounts of crypto money, will probably make sure these bills become laws (because they are corrupt).

Note that stablecoins are currently incredibly profitable businesses. After all a stablecoin is basically a bank where you spend nothing on anti-money laundering & other regulations, refuse to assist customers who have been scammed, and collect 5% interest from the US government while passing absolutely none of it on to your customers.

prospect.org/power/2025-03-10-

#crypto#senate#uspol

Ok y’all, we’ve talked about stock market manipulation and we’ve talked about crypto fraud and the First Crime Family, but have we talked about Howard Lutnick and how money managed by the chair of Trump's transition team keeps showing up in the hands of drug cartels, terrorists, and fraudsters?

The Cryptocalypse Chronicles has a multi post series, of which part two is a "follow the money" deep dive into how Howard Lutnick manages roughly $100 billion for #Tether, and does business with gangs and sanctioned individuals and nations like Hamas, North Korea and Iran, and funds #pigButchering scams and illegal weapons and drug trades.

#USpol #USpolitics #Trump #cantorfitzgerald #HowardLutnick #USDT #Terrorism #fraud #scams #Theft #cartels #DonaldTrump #SBF #crypto #cryptocurrency #bitcoin

cryptadamus.substack.com/p/tru

The Cryptocalypse Chronicles · Trump's Transition Team Is Tethered To Thievery (And Worse)By Michel de Cryptadamus

1/ the fact that #Tether never took any action before today to block the world's foremost russian #ransomware laundering crypto exchange (#Garantex) from using their #USDT token tells you everything you need to know about Tether (and therefore about Trump's Commerce Secretary #HowardLutnick, who manages Tether's money).

IMHO the fact that this is happening now suggests that the Trump administration has already made some kind of deal with #Putin.

protos.com/garantex-says-usdt-

Protos · Garantex says 'USDT in Russian wallets under threat' as Tether freezes $27MGarantex was sanctioned by the EU in February as it stepped up its efforts to bring an end to “Russia’s war of aggression against Ukraine.”