
2025 7-22 Matters of Democracy Epstein, Crypto, Fed employees, Tulsi
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Jeffrey Epstein Connections and Libel Lawsuit. Explosive Revelation: Donald Trump has sued The Wall Street Journal and Rupert Murdoch for $10 billion over a story alleging Trump sent Jeffrey Epstein a 50th birthday letter in 2003 with the line: "Happy Birthday—and may every day be another wonderful secret." The letter reportedly included a sketch of a naked woman with Trump's signature. "Epstein Files" and AG Pam Bondi: Senator Dick Durbin (D-IL) reports being informed that AG Pam Bondi ordered 1,000 FBI personnel to review "thousands of pages of documents relating to Epstein and flag any references to Trump." This operation involved "24-hour shifts to go through 100,000 Epstein-related documents." Republican attorney Chris Truax highlighted the FBI seizure of CDs (likely DVDs) during the raid on Epstein's mansion, "each labeled with the name of a man and a young woman," suggesting Epstein "secretly recorded wealthy men having sex with underage women." The New York Times detailed a "15-year friendship" between Trump and Epstein, starting around 1990 in Palm Beach. The friendship ended in 2004 over a real estate deal. The source concludes, "Epstein had access to an unlimited supply of young women and being a good friend, often shared them with Trump." One woman claimed she was "passed around like a platter of fruit."
"GENIUS Act" and Crypto Industry Trump's Shift on Crypto: Despite calling crypto a "scam" in 2021, Donald Trump is now "enthusiastic about the 'industry'" after signing the GENIUS Act. Family Involvement: His sons run World Liberty Financial (WLF), which issues a stablecoin (USD1), and Trump himself has the $TRUMP coin. The source states, "Getting rubes small investors to pay real money to buy, er... nothing, seems to run in the family." GENIUS Act Overview: The Act sets guidelines for stablecoin issuance, auditing, and enforcement. It includes rules on commingling and authorizes NIST to set exchange standards. Key Section 11: Orders the Treasury Secretary to define what can be in reserve funds, raising concerns about promoters depositing "grandma's old artwork" at inflated values. Future Risks of the GENIUS Act:Proliferation of Coins: Expected to lead to thousands of competing stablecoins, with smaller companies failing. "If terra (and tether) are a guide, probably many will" lose investments due to companies being "creative" with reserves. the "Constitution's emoluments clause is now officially dead" due to the Act. An example given is World Liberty Financial (run by Trump's sons) issuing USD1, which was then used by an Abu Dhabi investment firm for a $2 billion investment in Binance, allowing WLF to "profit handsomely."
Creation of "Schedule G" Civil Servants Trump's Goal: Trump "has long wanted to be able to fire any civil servant he deems insufficiently loyal to him," circumventing the Pendleton Act's protections. "Schedule F" Precedent: At the end of 2020, Trump created "Schedule F" for civil servants with policy-making authority, claiming they could be fired "at will." This was reversed by President Biden. "Schedule G" Creation: Trump has now signed an Executive Order creating "Schedule G," a "new class of federal workers the president can hire and fire at will."
Selling the "Build Back Better" (BBB) Act
Criticism of Tulsi Gabbard as Director of National Intelligence (DNI)
Hakeem Jeffries' Stance on Zohran Mamdani's Mayoral Endorsement
Minnesota State Politics and Legislative Instability