Brian Ballard was the XRP lobbyist who got Trump to post a bullshit “crypto strategic reserve” tweet, which enraged Trump and showed him that he’d been played
Brian Ballard was persona non grata to Trump after that scam, so he just worked through Susie Wiles instead.
Statement from Brian Ballard regarding recent allegations from Calley Means. @calleymeans @joerogan @FaceTheNation
Andreesen, like Elon and most of the coalition, was sold out in favor of a stupid war and Susie Wiles’s Rolodex of MAGA enemies.
He’s just cutting his losses way sooner. There’s nothing performative or dishonest about it.
Hilarious shift. Marc Andreesen spent much of his career demanding the outsourcing of American jobs. Then he saw an opportunity to deregulate crypto scams via Trump, so he switched to performatively supporting MAGA. Now slinking away again. teapawt.net/BigTechAlert/status/21…
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The fact that everyone is glazing Wiles so much on her way out, including the guy most sabotaged by her (RFK Jr), indicates that her mob is still effectively running the domestic policy of this country.
Steve Miller isn’t going to last long w/o purging a lot of ppl fast.
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PS. Losing Susie Wiles when the most liberal Congress in history is about to sit is very bad news for the US pharmaceutical industry.
Steve Miller over Wiles is the first non-stupid thing Trump has done this week.
The real test is how many heads Miller can put on a pike. He'll need to line Pennsylvania Ave with them to even start to salvage this administration.
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ANT could, even today, easily command a $1T public valuation (easily $1.5T if they got rid of their ridiculous supervoting founder LLC).
But OAI, to my naked eye, is the Lyft in this 2-horse race.
They stayed private too long and are still losing way too much money.
If NYT reporting is true ("Softbank to reportedly invest several hundred million dollars into OpenAI"), OpenAI is on death watch, IMO...
OAI has 55-60% of ANT's token spend share (per Ramp) and is only maintaining that via $10B+ cash burn per qtr. If they don't complete their current round, they need to gut subsidies and concede significantly more market share to ANT
If SB won't invest more in them, and ANT's IPO valuation is moving down to $1.25T, OAI basically shouldn't trade above its prior round valuation of $852B
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If Dems were smart and went after the genuinely corrupt parts of the Trump Admin, they’d be shocked by the amount of GOP support they’d get
Instead they’ll probably go after the good guys (yes that includes Elon) and rally everyone back to Trump and his Mar a Lago clique
There were real crimes being committed in the White House. Democrats do not need fake impeachments as during 45. Will they have the discipline to focus on the criminals inside and around the WH, or will they seek the limelight of harassing RFK JR and Elon, which will backfire?
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Harmeet @HarmeetKDhillon was one of our best, a disciplined operator who got a lot done while staying in the WH's good graces, and squeaky clean to boot.
Feel like this is the first of a deluge of competent-technocrat exits from the Administration.
Harmeet Dhillon plans to step down as head of the Justice Department's (DOJ) Civil Rights Division, Bloomberg Law reports, citing four people familiar. They say she told allies she would leave after the midterms, and two say her announcement could come as soon as today.
She would be the first senior DOJ official to resign since Democrats’ midterm wins, Bloomberg says, and former officials told it the department is bracing for other top political appointees to leave before the new year.
Under Dhillon the division has focused on religious liberty and created a Second Amendment section. In August she told Bloomberg she planned to return to her California law firm after DOJ.
Source: news.bloomberglaw.com/us-law…
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Feeling pretty good about this call.
-25% in 3 weeks. Probably down another 50% by mid-December.
It's never not been a good time to short TRUMP ($1.5 bn unlocked market cap, $2 bn FDV), but the timing now seems too good to be true.
1. 10% of float unlocking in 5 days
2. Remaining tokens unlocking on Dec. 18th
3. 462m tokens (46%) already unlocked, but unsold
4. Midterm elections = Lame duck presidency incoming; NPV of unsold Trump favors will collapse
5. Funding rate extremely normal: somehow this isn't crowded
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The other big takeaway is that polling error underestimated Trump disapproval among his own base. It was at 30 before the election. After these results, it could easily be 50.
These results will haunt all GOP policy priorities for 6+ years. The Senate can't just flip back to the GOP when Dems took 6-7 seats in the reddest states of the country.
Terrible night for crypto. 2 more years of Trump exec orders, sure, but no real legislation for a decade
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DeSantis/RFK Jr. ticket is the way.
The only way out of hell is through (the Mar-a-Lago swamp).
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