#Trump Family-Backed #WorldLibertyFinancial Sets Up $1.5 Billion #Crypto #Treasury
World Liberty Financial has struck a deal that will turn a little-known company into a vehicle for betting on the price of its crypto coin.
#cryptocurrency
https://www.wired.com/story/president-trump-crypto-treasury-world-liberty-financial/
A federal appeals court on Tuesday allowed teams affiliated with #DOGE to gain #access to potentially sensitive #data on millions of Americans, overruling a lower court that had blocked that access in Feb.
By a 2-1 vote, a 3-judge panel of the US Court of Appeals for the #FourthCircuit granted the access to data stored at the #Treasury Dept, the #Education Dept & the Office of Personnel Management [#OPM], citing the June #SocialSecurity #SCOTUS decision.
#Trump fires #IRS commissioner, #ScottBessent named acting head
Trump is removing Billy Long as the commissioner of the Internal Revenue Service & #Treasury Secretary Scott Bessent will temporarily serve as acting commissioner [good fucking luck
], a White House ofcl & a source familiar w/the matter said Friday.
Long was sworn in as the 51st Commissioner of the IRS in June, with his term meant to run through Nov 2027.
#US #economy #FederalAgency #Independence #law
https://www.reuters.com/world/us/trump-fires-irs-commissioner-bessent-named-acting-head-2025-08-08/
#Trump will be replacing IRS chief Billy Long, 2 months after he stepped into helm #IRS #Treasury Secretary #ScottBessent will serve as acting commissioner for the time being. Since 2nd inauguration, Trump has cycled through5 acting commissioners before settling — briefly on Billy Long in a carousel of #appointments. Douglas O’Donnell, Melanie Krause, Gary Shapley, Michael Faulkender all held the job on an interim basis, w Shapley’s tenure lasting 2 days. https://qz.com/trump-replace-irs-chief-billy-long #taxes #economy
In announcing those #sanctions, #Trump’s #Treasury Dept invoked the Magnitsky Act, a law that allows the US govt to impose penalties on foreign nationals accused of #corruption & #HumanRights violations. [was it Opposite Day?]
In a statement, #MarcoRubio said that Moraes had committed “serious human rights abuse, including arbitrary detention involving flagrant denials of fair trial guarantees & violations of the freedom of expression.”
Taxpayers' money? 
• State and local governments do not create sovereign money—they rely on income and borrowed funds. When you pay taxes to a (non-sovereign) state or to a eurozone country (such as Germany), they use them.
• Sovereign countries issue their own currency at will—they do not spend their incomes or bonds. When you pay taxes to a monetary-sovereign country, the Treasury destroys them on arrival.
Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.
The payroll tax (FICA) does not fund Social Security or Medicare. Like all other federal agencies, those agencies are funded by dollars created on purpose by the government (using laws from Congress) and placed in their accounts by the Treasury.
“The combination of tariff-related cost increases, persistent policy uncertainty, curtailed immigration and elevated interest rates is expected to further weigh on employment, business investment and household consumption,”
https://www.cfodive.com/news/inflation-rises-affirming-fed-decision-hold-benchmark-rate-steady-Trump-GDP-economy/756520/ #US #Economy #Inflation #Economics #Treasury
https://www.europesays.com/2286606/ Charles Amos: Unused pension funds must be protected from Reeves’ desperate grasping #business #Chancellor #pensions #PersonalFinance #RachelReevesMp #taxation #treasury #welfare
lol.
“ You can see the Venmo payment option on the Treasury Department’s “Gifts to Reduce the Public Debt” website. There are also options to pay from a bank account, a PayPal account, or with a debit or credit card.”
https://www.theverge.com/news/713980/us-national-debt-treasury-department-reduce-pay-venmo
#MarcoRubio has also become increasingly involved in #Trump’s pressure campaign on #Harvard & with the admin’s campaign around #HigherEducation more broadly.
Rubio has privately pressed for his counterparts at the #Treasury Dept to open an investigation into whether Harvard violated federal sanctions by collaborating on a #HealthInsurance conference in China that may have included officials blacklisted by the US govt.
#Trump said US #FederalReserve Chair #JeromePowell kept rates too high & will be out in 8 months.
"I think he's done a bad job, but he's going to be out pretty soon anyway. In eight months, he'll be out."
Powell's term as chair will end in May 2026.
US #Treasury Secretary #ScottBessent said he has asked the #Fed for an internal investigation.
https://www.europesays.com/2264688/ Hyper Bit Secures Loans Totalling $453,500 to Purchase Additional Crypto Miners and Add to Crypto Treasury #add #additional #bit #crypto #cryptocurrency #hyper #Loans #miners #purchase #Secures #treasury
The #Trump admin has been considering #sanctions against Moraes for weeks, according to 4 people familiar w/the situation…. Two said they had seen a copy of a proposed sanctions order against Moraes within the last month, but said it had initially met with pushback from the #Treasury Department, an account corroborated by a senior #State Department official.
Will the trickle of info become a waterfall? In #Epstein Case, Follow the Money, #Democratic Senator Says. Senator #RonWyden has found that four #banks waited until Mr. Epstein’s arrest on federal charges to flag $1.5 billion in suspicious #transactions. Mr. Wyden wants the documents made public. #wire #transfers #finance #sextrafficking #Treasury suspicious activity reports or S.A.R.s https://www.nytimes.com/2025/07/17/business/epstein-banks-wyden-trump.html?unlocked_article_code=1.XE8.x47k.dcOzO09mFffh&smid=url-share #trump #maga #JeffreyEpstein #Congress #law #crime #GhislaineMaxwell #corruption
#Treasury eyes #stablecoins to shrink its soon-to-be-$1 T annual interest bill. #GENIUSAct lets issuers park cash in ≤93-day T-bills, could swell demand to $1.6-$2 T and push yields lower.
> Indeed, research suggests that stablecoins are already tamping down yields. a burst in tether issuance causes Treasury prices to rise over the subsequent hour. a $3.5bn inflow trims three-month Treasury yields by as much as 0.05 percentage points
https://www.motherjones.com/politics/2025/07/jeffrey-epstein-files-donald-trump-democrats-bondi-doj/
#RonWyden…focused on investigating ties between Epstein and billionaire financier #LeonBlack…examining $170M in payments Black made to Epstein that Wyden has alleged #Epstein used to finance his sex trafficking. In March, Black agreed to a $62M settlement…
…staffers “reviewed portions of a file at #Treasury that contains information on many other issues involving Epstein’s financing and operations,”… admin…“sitting on the file and doing nothing with it…"
The move by #SCOTUS represents an expansion of #PresidentialPower, allowing #Trump to functionally eliminate a government department created by #Congress, without legislators’ input.
It comes after a decision by the justices last week that cleared the way for the Trump admin to move forward with cutting thousands of jobs across a number of #FederalAgencies, including #HUD, #State & #Treasury.
#law #education #AbuseOfPower
https://www.nytimes.com/2025/07/14/us/politics/supreme-court-education-department.html?smid=url-share
#SupremeCourt Clears Way for Mass #Firings at #Federal Agencies. The #Trump administration had asked the #justices to block a lower #court’s ruling that paused the largest phase of the president’s efforts to #downsize the #government. https://www.nytimes.com/2025/07/08/us/politics/supreme-court-federal-workers-layoffs.html #democracy #Treasury #HHS #SCOTUS #KetanjiBrownJackson #dissent #DOGE #Musk #maga #fascism #firings #layoffs #RIF #HHS #StateDepartment #executiveorder #federalworkforce Executive Order https://www.federalregister.gov/documents/2025/02/14/2025-02762/implementing-the-presidents-department-of-government-efficiency-workforce-optimization-initiative
The announcement, buried at the bottom of a routine bulletin published in April, provided no explanation for Ms. Rotenberg’s removal from the #sanctions list. It was an unusual deletion. Ms. Rotenberg, a US citizen, was among the first Russian nationals to face sanctions after the Russian invasion.
The Rotenbergs did not respond to requests for comment. The #Treasury Dept declined to comment, & instead referred questions to the #State Dept.
