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erronis

(24,422 posts)
Fri May 8, 2026, 01:13 PM Friday

The new boogeyman -- Molly White - Citation Needed

https://www.citationneeded.news/issue-105/

A crypto billionaire who escaped fraud allegations after investing hundreds of millions of dollars into the Trump family's crypto projects is now accusing them of fraud

Wrestling in the mud with a pig...

The spat between World Liberty Financial and Justin Sun has escalated to dueling lawsuits after both sides raced to the courthouse. Sun, who only just escaped fraud allegations himself after investing more than $200 million in Trump family crypto projects, is now accusing World Liberty of the very behavior he was accused of, while simultaneously trying to convey to Trump that he's still a huge fan.

Commerce Secretary Howard Lutnick, who supposedly divested from his Cantor Fitzgerald financial firm by transferring it to his sons, was still the man GOP leaders tried to get on the phone when they discovered a Cantor-funded pro-crypto super PAC was planning to back Ken Paxton in the Texas Senate Republican primary runoff. And despite Lutnick's supposed lack of involvement with his former firm, the $1.75 million planned ad was still nixed.

Crypto's back to trying to convince politicians that voters care deeply about crypto, but a CoinDesk poll found that 76% of voters they polled don't find it important to the upcoming elections. With 60% of respondents saying they think crypto will be a negative force in the economy, 73% disapproving of senior US officials having personal business ties to crypto, and 62% saying they don't trust the Trump administration to properly oversee crypto, I'd be curious to know how many of those voters who said they do find it important feel that way because they are concerned about crypto's current regulatory trajectory.1

Last month, the feud between the Trump family's World Liberty Financial and its largest token investor, Justin Sun, escalated to furious tweets and legal threats after the project froze Sun's WLFI tokens and refused to unfreeze them for months [I104]. Both sides have now filed near-simultaneous lawsuits against each other.

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