this post was submitted on 26 Aug 2024
397 points (98.5% liked)

News

23014 readers
4 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

The crypto industry is making its mark on this year's elections to the tune of some $119 million.

The funding has largely come from two companies — Coinbase and Ripple — which are funneling money into super PACs like Fairshake PAC, which is dedicated to "elevating pro-crypto candidates and attacking crypto skeptics," according to Public Citizen.

At the 2024 bitcoin conference in Nashville in February, Trump — who called bitcoin "highly volatile and based on thin air" in 2019 — said he'd lay out a plan "to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world." Trump has already won the backing of several crypto enthusiasts, including his running mate JD Vance, who owns at least $250,000 in bitcoin.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 32 points 2 months ago* (last edited 2 months ago) (2 children)

Weird that the anti crime criminal is promoting crime coin, or not weird at all. Republican party has for years campaigned on fires they started (see debt, immigration, economy, etc)

I guess supporting something whose only legitimate uses are digital theft, money laundering, and buying human trafficking victims are their way of ensuring cartels won't ever stop existing

[–] [email protected] 0 points 2 months ago (1 children)

Weird that the anti crime criminal is promoting crime coin

Crypto is a painfully both-sides affair, what with the enormous volumes of investor cash flooding the election system. This went back to JP Morgan's backing of Etherium during the Obama administration, with crypto-bros infesting multiple Fed banks and throwing their own batch of state and federal office holders at the wall. Then Scam Bankrupt Greed's FTX went big and straight up bought out Senators Cynthia Lummis and Catherine Gillibrand to write crypto-friendly regulatory reforms. His bank imploded before that legislation could worm its way through Congress.

But now they're back and with even more obscene piles of cash. Mistaking the Crypto-bros as uniquely Republican is going to bit liberals in the ass biggly. You're going to start finding crypto investments in your pension funds, your 401ks, and your college trusts very soon, if the Newsome Imperium and the Bloomberg banksters are allowed to ram their novelty tech innovation bills through Congress uninhibited.

[–] [email protected] 6 points 2 months ago (1 children)

Newsom is largely centrist, its less that crypto is party aligned and more that its corruption aligned - the republicans are just more corrupt on average.

[–] [email protected] 0 points 2 months ago

Newsom is largely centrist

He's absolutely buried within the Silicon Valley lobbying community and has repeatedly wielded his gubernatorial power to quash pro-labor and pro-regulatory legislation on those grounds.

the republicans are just more corrupt on average

California Democrats are a stone's throw away from any Midwestern Republican when it comes to "business friendly" state policies. The only thing either group cares about is economic growth.

[–] [email protected] -1 points 2 months ago (1 children)

Yeah because you definitely can't do any of that with cash.

[–] [email protected] 1 points 2 months ago (1 children)

I do all my digital theft in cash

[–] [email protected] 1 points 2 months ago

How about the other things you listed?