As far as Wall Street goes, it's good to remember that Trump and Musk have had three months to trash the SEC, which was investigating Musk when Trump started his term.
https://www.reuters.com/markets/quote/.DJI/
#Dow #WallStreet #SEC #Fraud #Musk
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#TrueUSD, one of the many stablecoins connected to Chinese crypto scammer & Donald Trump business partner #JustinSun, received a half billion dollar bailout from... Justin Sun when it couldn't get its capital out of First Digital, another chinese #moneylaundering company that runs a stablecoin #FDUSD that is used for most trading on #Binance.
> "In September 2024, #TrueCoin and #TrustToken (the #stablecoin's owners before #Techteryx) settled with the #SEC over allegations they falsely marketed TrueUSD as fully dollar-backed while secretly investing reserves in risky offshore funds."
https://protos.com/justin-sun-bailed-out-500m-stablecoin-tusd-report/
March Madness: With only juggernauts left, who will win NCAA women’s title? https://www.byteseu.com/882858/ #AzziFudd #DawnStaley #Gamecocks #Huskies #JuJuWatkins #LaurenBetts #MadisonBooker #MiLaysiaFulwiley #PaigeBueckers #Paopao #RoriHarmon #SEC #SouthCarolina #Sports #texas #TheHuskies #TheLonghorns #UConn
Bytes Europe · March Madness: With only juggernauts left, who will win NCAA women's title?BIRMINGHAM, Ala. — If a No. 2 seed crashes the Final Four party and it's Connecticut, does it really count?UConn is the lone non-No. 1 seed in a heavyweight Final Four that otherwise consists of No. 1 seeds South Carolina, Texas and UCLA. Actually, the Huskies are the lowest seed left in either tournament since all four No. 1 seeds on the men’s side made it through for the second time in history. AdvertisementIt’s far more common on the women’s side, but no less exciting given the matchups at hand.UConn will meet No. 1 overall seed UCLA in a clash
Le politiche di Donald Trump fanno tremare le Borse https://altreconomia.it/le-politiche-di-donald-trump-fanno-tremare-le-borse/ #debitofederaleamericano #bollafinanziaria #dazicommerciali #protezionismo #criptovalute #ScottBessent #DonaldTrump #StatiUniti #Opinioni #messico #Canada #borse #sec
Altreconomia · Le politiche di Donald Trump fanno tremare le BorseLa sua squadra di governo e le continue dichiarazioni sui dazi agitano i mercati finanziari. Così crollano i listini azionari e aumenta il rischio di una crisi internazionale. La rubrica di Alessandro Volpi
People should understand that companies going forward will just issue crypto tokens instead of deal with the securities regulations that have protected investors for a century. There will be no disclosure of things like income, assets, ownership structure, and risks.
The #SEC has already changed the rules so that a company that wants to issue a token to raise money can just say "this is not a security and thus is unregulatable" and if the SEC does not object within 60-90 days then that company is in the clear permanently.
Mark my words, we're going to see #SpaceX, #Tesla, #OpenAI, and all the other opaque private companies burning insane amounts of money issuing tokens in the not to distant future.
X (formerly Twitter)Bankless (@BanklessHQ) on X.@RobinhoodApp CEO @vladtenev on why we need to tokenize private companies like SpaceX & OpenAI 👇
Musk-Effizienzbehörde DOGE nimmt US-Börsenaufsicht SEC ins Visier
#HawkTuah #cryptocurrency #SEC #legal #memes
"The U.S. Securities and Exchange Commission will not be spitting on that thang. After months of investigation into 'Hawk Tuah girl' Haliey Welch‘s disastrous $HAWK crypto launch, the SEC has closed the case without finding her at fault, and without pursuing any sanctions or fines, TMZ reports."
https://www.tubefilter.com/2025/03/28/haliey-welch-sec-ruling-hawk-coin/
Tubefilter · Haliey Welch is free to go over $HAWK fiasco, SEC says - TubefilterThe U.S. Securities and Exchange Commission will not be spitting on that thang. After months of investigation into "Hawk Tuah girl" Haliey Welch's After months of investigation into "Hawk Tuah girl" Haliey Welch's disastrous $HAWK crypto launch, the SEC has closed the case without finding her at fault, and without pursuing any sanctions or fines.
Replied in thread
"Wall Street's top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose #climate-related emissions, risks and spending, and had been hotly contested by industrial lobby groups.
The decision by the Republican-dominated U.S. Securities and Exchange Commission had been widely expected following public remarks last month by its acting chairman, Mark Uyeda."
https://www.reuters.com/business/environment/us-sec-votes-stop-defending-climate-disclosure-rules-2025-03-27/
#SEC #ClimateDisclosure
Continued thread
Continued thread
On the #xAI purchase of #X (#Twitter)
Because both companies are privately held & controlled by #Musk, the transaction likely amounts to a #stock swap, with X investors getting paid out in xAI shares. The companies have a number of mutual investors, including venture firms #AndreessenHorowitz & #SequoiaCapital, as well as #Fidelity Management, #VyCapital & #SaudiArabia’s Kingdom Holding Co.
#law #securities #SEC
https://www.cnbc.com/2025/03/28/elon-musk-says-xai-has-acquired-x-in-deal-that-values-social-media-site-at-33-billion.html
CNBCElon Musk says xAI has acquired X in deal that values social media site at $33 billionIn a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
Continued thread
And round & round we go
#ElonMusk must face #Twitter #shareholders’ lawsuit over alleged #securities #fraud
A proposed class-action lawsuit against #Musk and his family office #Excession can proceed in federal court, a judge ruled Friday, after the #tech centi-billionaire sought to have the case dismissed.
The case is Rasella v. Musk (Case No. 1:22-cv-03026-ALC-GWG) in the SDNY.
https://www.courtlistener.com/docket/63230072/118/rasella-v-musk/
#law #SEC
https://www.cnbc.com/2025/03/28/elon-musk-must-face-twitter-shareholders-lawsuit-over-alleged-securities-fraud.html
A US judge rejects Elon Musk's bid to dismiss a lawsuit claiming he defrauded ex-#Twitter shareholders by delaying the disclosure of his initial investment. 
#ElonMusk #Lawsuit #LegalNews #StockMarket #Investing #Twitter #SEC #BusinessNews #TechNews
#Trump on Friday commuted the sentence & probation of #CarlosWatson, a co-founder of the now-defunct #digital #media company Ozy Media, on the day he was set to surrender to prison.
Watson was sentenced in Dec to almost 10yrs in #prison for #fraud, #IdentityTheft, #SecuritiesFraud, & #WireFraud.
Watson & Ozy were also ordered to pay $96M in restitution & forfeiture. As part of Trump’s commutation, they will no longer have to pay.
#law #felon47 #CFPB #SEC #corruption
https://www.cnbc.com/2025/03/28/trump-commutes-sentences-of-ozy-media-founder-carlos-watson-and-company.html
CNBCTrump commutes sentence of Ozy Media founder Carlos Watson just before prison surrenderOzy had falsely claimed to have deals with Google and Oprah Winfrey before the company and CEO Watson were criminally charged.
Guess we know why the #SEC was ordered to allow #DOGE into their offices now.
#Musk's #xAI buys #socialmedia platform #X for $45B ENTIRELY WITH STOCK
#ElonMusk said on Friday that his xAl has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt.
#law #tech #finance #regulations
https://www.reuters.com/markets/deals/musks-xai-buys-social-media-platform-x-45-billion-2025-03-28/
This won’t end well
The #SEC is beginning to onboard ofcls w/billionaire #ElonMusk's #DOGE, acc/to an email sent on Fri to staff.
SEC staff were informed that the DOGE task force had contacted the regulator, & that they would be treated as staff for the purposes of network, system & data access. The SEC is establishing a liaison team w/the "intent to partner" w/DOGE, the email said.
[#Musk has repeatedly been investigated & sued by the SEC]
#law #Trump #broligarchy
https://www.reuters.com/world/us/us-securities-exchange-commission-beginning-onboard-doge-staff-email-says-2025-03-28/
the #TrevorMilton (#Nikola Motor fraudster) pardon is not going over well with the #MAGA crypto bros, many of whom were scammed by... Trevor Milton (which should be unsurprising - these are gullible people who love trading meme stocks, AKA “the primary market for #NKLA shares”).
Tesla bros are also pissed, because Milton's whole scam was basically pretending to be Elon Musk for trucks.
"[Trevor Milton] did nothing wrong and he's a good person." - Donald Trump
"Trevor Milton donated $1.8 million to Trump and his lawyer is #PamBondi's brother." - me
video: https://x.com/AutismCapital/status/1905675677397123118
The fraudster behind Nikola Motors (the fake electric truck company that made the famous video purporting to be their flagship tractor trailer moving under electric power that turned out to be just an empty truck chassis rolling down a hill) has been pardoned by Donald Trump.
[edit] The famous "gravity powered truck" video: https://www.youtube.com/watch?v=yBCxCcICgtU&t=119s
[edit] Trevor Milton just posted a video thanking #DonaldTrump for the pardon and blasting the #SEC and #DOJ: https://x.com/nikolatrevor/status/1905412785661772107
"Finance" is back to the 19th century...
Good luck to all in USA!
(found on LinkedBin...)
Current #SEC chair cast only vote against suing #ElonMusk , report says
The vote behind closed doors was 4–1, with three #Democrats and #Republican Hester Peirce joining to support the lawsuit over Musk's late disclosure of a #Twitter stock purchase in early 2022, Reuters reported today. The one dissent reportedly came from Republican #MarkUyeda , who was subsequently named acting SEC chairman by #Trump.
#takedown #takeover #musk
Ars Technica · Current SEC chair cast only vote against suing Elon Musk, report says
Vote Midterms Your hands are drenched in the blood of Ukrainians, Raiffeisen Bank. What a disgrace to humanity.
#Raiffeisen International brought billions to Russia shortly before the war began.
Shortly before the outbreak of the Ukraine war, the #RBI transported tons of cash to Russia. Some shipments presumably reached Moscow on the day of the invasion.
