__________
Argentina's President gets Impeachment Calls after Promoting Cryptocurrency
$WLFI, $TRUMP, $MELANIA, $LIBRA... - from "Crypto is a scam" to "Hey, crypto is a scam - I like it! Liquid gold! Crypto capital of the planet! Strategic Crypto Reserve! Sovereign fund!"
$LIBRA co-creator, market maker and "facilitator" Hayden Davis (a. Kelsier) who bragged "I control that n***a. I send $$ to his sister [Karina Milei] and he signs whatever I say and does what I want" revealed that insiders were able to buy into $TRUMP coin pre-ICO at "special access" dinner in DC... and confirmed that $LIBRA is a clone of $MELANIA and some other dodgy coins ($ENRON, $AIAI, $BOB, $M3M3/"Meme Launchpad"...) He also admitted that the team was sniper trading both $LIBRA and $MELANIA.
.
Eric Trump's tweet on eX-Twitter ("In my opinion, it's a great time to add $ETH. You can thank me later. " Eric Trump (@EricTrump) February 3, 2025) pumped $ETH over +35% in a day, after WLFI (Trump family-affiliated crypto investment firm / slush fund) accumulated 1826 $ETH before. "You can thank me later" part of the post was deleted shortly after... just like Milei deleted his post few hours after promoting $LIBRA.
He also tried to do the same pump with Bitcoin, which is also held by WLFI, but $BTC didn't move... Maybe BTC is bigger than Eric?
Eric Trump is also pushing for 0% cap gains tax for US (?) crypto "projects" (XRP, HBAR...), while Ted Cruz is fighting IRS about DeFi reporting rules.
.
Meanwhile...:
Bukele's El Salvador experiment with Bitcoin as legal tender is over, despite large number of the unbanked and installation of hundreds of Bitcoin ATMs. Beside many technical issues with rollout, it was never widely adopted (only 20% downloaded Chivo to get initial grant of $30 in BTC; ~6% of population used more than 3 times a year), and Chivo was hacked several times. IMF agreed to loan $1.4B (that much!) on condition that Chivo is sold or shut down, taxes paid in USD (not BTC) and private sector no longer mandated to accept BTC. Sorry, volcanoes.
.
In [un]related news:
Oculus Rift creator Palmer Luckey's defense company Anduril takes over multi-m/billion DoD contract for HoloLens IVAS project, transferred to them by ODM Microsoft... as predicted in November - Palmer is BIL of Matt Gaetz.
__________