Basically an Honest Bobo in Paradise
@boboinparadise.bsky.social
560 followers
140 following
13K posts
Try Ack, No Ack
Posts
Media
Videos
Starter Packs
Reposted by Basically an Honest Bobo in Paradise
Reposted by Basically an Honest Bobo in Paradise
Reposted by Basically an Honest Bobo in Paradise
Reposted by Basically an Honest Bobo in Paradise
![In the White House
After rumors that the Trump administration was considering new candidates to replace Brian Quintenz as their nominee for CFTC chair [I93], the White House has withdrawn his nomination. Politico remarked on the “stunning turn of events for a nominee who once appeared to be a lock for confirmation”, writing that the incident was an “illustration of the new balance of power in Trump’s Washington” as the Winklevoss twins pressured President Trump to rescind his nomination.5 Quintenz has alleged that the Winklevosses might have “misled” Trump, publishing text messages with the brothers that he said he believed “make it clear what they were after from me, and what I refused to promise.” [I92] An anonymous source quoted by crypto outlet DL News, who they described as “familiar with discussions surrounding the CFTC nomination process”, stated, “They completely nuked him. They made a phone call. They were like, ‘This is not going to fly with us.’ And it was a very short trip from there to [Quintenz’s nomination] being killed.”6 The Winklevosses are not the only ones happy to see Quintenz out of the running, though. Dina Titus (D-NV), the co-chair of the Congressional Gaming Caucus who had called for an investigation into possible ethics violations by Quintenz pertaining to prediction markets [I90], responded to the news of the withdrawn nomination by writing, “Good. The CFTC deserves strong, independent leadership that will follow and enforce agency regulations.”7](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:exrxvyu6bpoym6mbnctke5tn/bafkreia3px4qgyz7uc7wbekz6zf5vro7hskzwjdxtcay3aolusatdbzucy@jpeg)
Reposted by Basically an Honest Bobo in Paradise
![Trump business interests
Hot on the heels of New York Times reporting about questionable timing in deals involving the Trump family’s World Liberty Financial and Emirati firm MGX [I93], The Washington Post has published related reporting focused on MGX’s upcoming 15% stake in the TikTok deal brokered by the Trump administration. Senator Warren (D-MA), who had already demanded an ethics investigation into the World Liberty and MGX deals, has stated that the “shady Abu Dhabi firm” had “already cut deals to get sensitive American technology while enriching the Trump family’s crypto firm. The American people deserve to know if the President has struck another backdoor deal for this billionaire takeover of TikTok.” A White House official has said that MGX’s investment profiting the Trump family crypto project had no bearing on the MGX deals, so... case closed, I guess?
Some have raised separate concerns about the TikTok deal, wondering if it’s a scheme to benefit the Trump allies who will take ownership of the firm. Vice President Vance’s recent statement that the firm was valued at only around $14 billion — a fraction of the $100 billion that one analyst previously estimated for the app — has led some to speculate that the company was intentionally undervalued to allow new investors to profit from an artificially large increase in value. Senator Wyden also commented on the arrangement, stating that “By steering TikTok to allies like Larry Ellison and a fund backed by the United Arab Emirates for a below-market price, Trump is rapidly consolidating control over the major digital and broadcast media companies while he attacks the First Amendment at every level.”1](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:exrxvyu6bpoym6mbnctke5tn/bafkreihrlslips7emgsrnbyb63vabnd3uaqjqllln65i2j2zzs2pkthq5a@jpeg)
Reposted by Basically an Honest Bobo in Paradise
Reposted by Basically an Honest Bobo in Paradise
Reposted by Basically an Honest Bobo in Paradise
Reposted by Basically an Honest Bobo in Paradise
