Fmr Rep Sean Patrick Maloney former chr of DCCC is now a big cryto bro & may be behind today's anti-Biden text messages [View all]

[LeftInTX]

The Ambassador for Crypto

Sean Patrick Maloney, an adviser to Coinbase, is nominated as the U.S. representative to the OECD, which is building regulatory frameworks for crypto.


It’s been more than three months since Sen. Bob Menendez (D-NJ) temporarily stepped down as the chair of the Senate Foreign Relations Committee in light of his indictment for allegedly taking cash and gold bars in return for political favors. Now, Sen. Ben Cardin (D-MD) has the difficult task of restoring credibility to a committee that was led for years by a man alleged to have been accepting bribes from a foreign nation.

But Cardin will face another lingering conflict of interest, one that he could nip in the bud, though he has so far failed to do so. President Biden’s nominee for U.S. ambassador to the Organisation of Economic Co-operation and Development (OECD), Sean Patrick Maloney, is waiting to be discharged from the committee for a vote by the Senate. In a clear conflict of interest, Maloney has used his time outside of government to cash out from the crypto industry.

Like Menendez, Maloney is a prominent Democratic insider with all the same opportunities to receive special privileges and favors. Most recently, Maloney was a member of the House who led the Democrats’ campaign arm in the 2022 midterms, in which the party narrowly lost control of the chamber—including Maloney’s own seat. Like Menendez, Maloney could easily advance his career in the Democratic Party if he could simply avoid the temptation of payouts. But instead, his consolation prize for years of party loyalty—a cushy ambassadorship in Paris—has become a means of making money from the shady crypto industry.

On the same day that Biden publicly announced Maloney’s nomination last May, cryptocurrency trading platform Coinbase announced their appointment of Maloney to their five-person “Global Advisory Council.” Less than a month later, the Securities and Exchange Commission charged Coinbase with operating as an unregistered securities exchange

https://prospect.org/power/2024-01-18-ambassador-crypto-sean-patrick-maloney-oecd/

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According to Open Secrets, today's text messages are coming from Stop MAGA PAC, which was previously known as Hudson Valley PAC (Maloney) PAC Expenditures during the 2016-2022 cycles. Toggle the date and the PAC name changes: https://www.opensecrets.org/political-action-committees-pacs/hudson-valley-pac-maloney/C00549014/expenditures/2024

https://en.wikipedia.org/wiki/Sean_Patrick_Maloney

He is now an ambassador..