It’s News Day Tuesday! Emma speaks with Molly White, crypto & tech researcher & critic, author at the websites Citation Needed & Web3 Is Going Great, to discuss her recent writing on the Trump administration and its relationship to the crypto industry. First, Emma dives into Elon Musk and Trump press secretary Karoline Leavitt lying about social security and the supposed tens of millions of dead people receiving benefits, debunking those outlandish claims. Then Emma speaks with Molly and they discuss the Trump administration and its associates’ connections to the crypto industry, in particular their animosity towards regulatory agencies like the FDIC & CFPB. Molly explains how crypto stakeholders, folks like Marc Andreessen and other members of the “PayPal Mafia”, have, under the guise of the specter of “de-banking”, lobbied and pushed for traditional finance to embrace the crypto industry, in ways such as integrating crypto into exchange traded funds or ETF’s, so there are other avenues for people to interface with Bitcoin and crypto without having to actually go through all of the hoops it takes to do so (converting funds into BitCoins, storing them in BitCoin wallets, etc.) Molly dives further into how the crypto industry lobbies traditional financial institutions and banks to get what they want, and explains further what people like Andreessen really want out of defanging regulatory institutions like the FDIC and CFPB.
And in the Fun Half, Emma & the MR Crew take a look at Trump border czar Tom Homan’s recent obsession with AOC, as well as the underreported fact that a significant number of deportees since the beginning of the Trump administration have been-you guessed it!-people without a criminal record. They then take a look at some of the heartbreaking anecdotes surrounding the Trump administration’s federal worker layoffs, as well as some words of warning from a retired air traffic controller as to what may happen after so many probationary employees leave the federal workforce. Plus, your calls & IM’s!
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