The U.S. Treasury Department said on Sunday it would not enforce an anti-money laundering law that obliges millions of business entities to disclose the identities of their real beneficial owners.
Remarkable timing there… I’m sure it’s purely a coincidence that this new EO slipped in right before Trump announced his strategic cryptocurrency reserve today after ripping off his supporters to the tune of $12 billion with his pump & dump Trump coin.
“Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses…”
1984 has come and gone, and America is now officially for sale.
No, it’s not about Crypto, at least not primarily. Its about all those Russian Oligarchs that Trump is friends with. This means that they can pour their ill-gotten gains into US Real Estate and other assets over the next four years. Yes, some of their illiquid assets are in crypto, and the Strategic Shitcoin Reserve will no doubt buy some of that and exchange it for Dollars.
But the real goal is to buy huge swaths of American assets with shady money. Those Russian oligarchs might never get to the point where their sheer wealth makes them be part of a cabal that runs the country – We’re too big for that. But it gives them a place to land if the Russian government goes South, and as long as Republicams are in charge we know our government can be bought. All they need to do is throw a few hundred million of Free Speech dollars into campaigns to retain what influence they have.
