Well, we can’t have them investigating themselves now, can we?
Trump’s DOJ will no longer prosecute most cryptocurrency fraud cases
Submitted 2 months ago by mettwurstkaninchen@feddit.org to technology@lemmy.world
https://www.theverge.com/policy/645399/trump-doj-cryptocurrency-fraud-prosecutions-memo
Comments
Dasnap@lemmy.world 2 months ago
SeeMarkFly@lemmy.ml 2 months ago
This action is BECAUSE they investigated themselves. Just plugging all the leaks now.
Tomorrow is a better day…for them.
CarbonatedPastaSauce@lemmy.world 2 months ago
There are a lot of us working to make sure they don’t get better and better days. And the pressure is growing from all sides. They can’t operate with impunity forever, and they have awoken a sleeping giant with all these service cuts that their base actually depends on (even though they were too stupid to know it).
Asafum@feddit.nl 2 months ago
If I recall correctly the Trump family has just gotten involved with a crypto exchange so… Yeah. Incoming Trump crime family fraud
overload@sopuli.xyz 2 months ago
Sam Bankman Fried pardon incoming.
RowRowRowYourBot@sh.itjust.works 2 months ago
No, he supported democrats too hard and he robbed rich people.
technocrit@lemmy.dbzer0.com 2 months ago
he supported democrats
Yeah but not after the pardon he won’t.
unconsciousvoidling@sh.itjust.works 2 months ago
Trump is opening a crypto currency for taking bribes.
Pirata@lemm.ee 2 months ago
“We audited ourselves and found the law should be changed.”
technocrit@lemmy.dbzer0.com 2 months ago
You gotta remember capital controls the state, not vice versa.
If capitalists can gain more power by converting to crypto and abandoning state currencies, they’ll do it.
This is why crypto keeps going.
kameecoding@lemmy.world 2 months ago
You mean after scamming people with their own coin the Trump clan decides it won’t be prosecuted? Who would have seen this coming?
primemagnus@lemmy.ca 2 months ago
At this point it’s just a free for all over there. Insane.
reksas@sopuli.xyz 2 months ago
at some point rule of law will break down completely
CarbonatedPastaSauce@lemmy.world 2 months ago
We’ve got a ways to go yet but it’s certainly been set in motion.
The 5 million people protesting last week (including me) gives me hope. And I have had one friend tell me he wants to join me next time, and he’s the last person I would ever think would protest.
There’s momentum growing on the good side, too. Don’t give up hope yet.
reksas@sopuli.xyz 2 months ago
there is no going back to the old because it was the old system that allowed this to happen. I hope you manage to take back your country and rebuild it, but first the rot has to be razed completely or same thing will happen again later even worse.
Kyouki@lemmy.world 2 months ago
What’s a hypothetical situation you can describe that may occur? That stops or limits this
KingThrillgore@lemmy.ml 2 months ago
So the legislative, executive, and the judicial is in cahoots. The Constitution is dead, and there’s no longer any moral or legal basis for the states to remain in the union
daggermoon@lemmy.world 2 months ago
So, business as usual then?
RowRowRowYourBot@sh.itjust.works 2 months ago
Should the DOJ get involved in your unregulated financial market? Is anyone buying crypto thinking they are getting a real financial product?
technocrit@lemmy.dbzer0.com 2 months ago
What is a “real financial product”? smh.
RowRowRowYourBot@sh.itjust.works 2 months ago
A real financial product would be something like a mutual fund. These things are regulated and are typically fairly transparent in terms of how they work.
Deathray5@lemmynsfw.com 2 months ago
Dishonour among thieves
beejboytyson@lemmy.world 2 months ago
Isn’t elon one of the bit coin bros?
db2@lemmy.world 2 months ago
Bitcoin is basically the only one that isn’t totally fraudulent, though they’ve seemingly found ways to manipulate it.
metaldream@sopuli.xyz 2 months ago
Wow, I’m so shocked that an administration of thieves and grifters are helping other thieves and grifters.
OriginalUsername7@lemmy.world 2 months ago
I’m more surprised they didn’t try to corner the thieving and grifting market for their own.
ZILtoid1991@lemmy.world 2 months ago
Yet.
naeap@sopuli.xyz 2 months ago
They do
But as it needs to go into their private pocket, they manipulate the market and already spare regulations, so they have a free go and cash in
Wouldn’t help them, when the nation gets the many due to sane profit taxing and fraud investigations
pdxfed@lemmy.world 2 months ago
So you’re assuming that no one in Trump’s circle made any trades in advance of yesterday’s tariff pause cancellation? Do you know the exponential return you could get on a short-term option when the underlying moves 20% in a day?
CosmicTurtle0@lemmy.dbzer0.com 2 months ago
To a certain extent, honor among thieves typically only exists within their own group.
The administration is setting things up so their grifters won’t get charged.
If someone grifted them, the FBI would absolutely investigate them.
technocrit@lemmy.dbzer0.com 2 months ago
Welcome to capitalism. Always has been.