The President's Council of Podcasters -- Molly White [View all]

[erronis]

https://www.citationneeded.news/issue-103/
Molly White

Coinbase is accused of holding the cryptocurrency industry hostage over stablecoin rewards, prediction markets face an onslaught of opposition, and a Stand With Crypto poll can't even get enthusiasm from it's own activists

I'd hate to see the trump family on the bread line with all their hustles around crypto.....

Illinois voters delivered a $13 million rebuke to the crypto lobby in the Senate and House District 7 races, which had absorbed 90% of the PACs' spending in the state. Crypto money may be starting to backfire among voters, though whether this marks the beginning of a trend or just a misstep against two strong candidates remains unclear. They're not slowing down, though -- the Coinbase-backed Stand With Crypto advocacy group has endorsed their first six candidates, and drawn targets on the backs of two more.

Despite endorsements from top White House figures and multi-billion dollar investments, prediction markets are running into serious trouble. Kalshi has accumulated 20 civil cases from states and Native American tribes and now faces a criminal case in Arizona. Lawmakers have introduced a flood of proposed legislation seeking to prohibit war- or assassination-related markets, forbid participation by elected officials, or ban sports-related markets entirely.

And in perhaps the most emblematic story of these beyond-parody times we're living in: a crypto fugitive who hasn't even been convicted yet is already shopping for a presidential pardon, and has hired two lobbyists whose previous claim to fame involved a series of spectacularly bungled attempts to frame public figures for sexual assault.

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