UPDATE: On July 14, US Treasury froze Iranian crypto funds for the second time during the war. Treasury Secretary Bessent gets the claim on TV. Prior to that, he had to ask the 23rd richest person on earth if it was okay first. This is from April, but it applies every day.

But did they buy any #$USD1?

UPDATE: The meeting happened. Full text expected today. Republicans: “You have a lot of reading to do.” — Sen. Bernie Moreno. Democrats: “Very weak.” — Sen. Ruben Gallego, on the GOP’s ethics language. Geez, you two, can we cool it with the heated language?

the grifter is designing the laws to tailor his grifting business. in the white house. The main point under discussion will be the cut the senators will get out of it, I guess.

Donald Trump meets senators at the White House today to help write the ethics rule meant to restrain Donald Trump's own crypto profits. He's not testifying. He's not under investigation. He's in the room, before the rule exists. 🧵

Alt5 Sigma Canada was not a side project. It had customers, processed payments and produced revenue. Perpetuals called it profitable. Selling it would not have repaired the transactions that wrecked Alt5/AI Financial’s balance sheet. It would only have changed what remained on it.

The Trump family collected more than $500 million from WLFI token sales. Alt5/AI Financial was left holding the tokens, a $348 million quarterly loss and a warning that it might not survive. It put its payments business up for sale. Perpetuals, the proposed buyer, looked for one week & walked away 🧵

The Trump family collected more than $500 million from WLFI token sales. Alt5/AI Financial was left holding the tokens, a $348 million quarterly loss and a warning that it might not survive. It put its payments business up for sale. Perpetuals, the proposed buyer, looked for one week & walked away 🧵

Trump WLFI vault Alt5/AIFC is again locked in another scandal. Really. This time: its card-issuing subsidiary, MSwipe/Stradacarte, marketed near-zero KYC cards for evading Iran sanctions. Reporting: Jason Mikula, Fintech Business Weekly

Hmm. When you read it: MGX isn't even on the whitelist. Ten other companies got hard-coded, binding export access written directly into the regulatory text. MGX got one disconnected sentence with no legal basis cited. That's worse, not better.

Good on housing. But buried in this bill is an anti-CBDC clause that blocks a public digital dollar while leaving private stablecoins untouched. That is exactly the lane Trump’s family is monetizing through USD1/WLFI. This should not be treated as a clean win.

I mapped this exact exit ramp back in December, before Nasdaq forced their hand: Alt5 had already split itself into walled-off pieces built for easy departure. One caught fire. They didn’t put it out. They cut it loose. wlfireside.substack.com/p/trump-cryp...

I mapped this exact exit ramp back in December, before Nasdaq forced their hand: Alt5 had already split itself into walled-off pieces built for easy departure. One caught fire. They didn’t put it out. They cut it loose. wlfireside.substack.com/p/trump-cryp...

Trump's World Liberty Financial (WLFI) built a vault to hold his own crypto, and it worked exactly once. Now the only part of it that ever made real money is being sold off, and what's left behind won't be a company anymore, just a ticker holding somebody else's tokens.

Four separate Nasdaq compliance failures in eight months, three cleared just in time for a fourth; and the design hands them up to a year to fix this one before anything real happens. Act first, explain later is the architecture. Failure as a rulebook. This is WLFI’s vault. Down 92% in a year.

I’ve said this before, not out of admiration, but out of necessity for understanding: none of what follows required them to break a single law. Not one piece of it. That is not a defense. That is the design.

Trump's World Liberty Financial (WLFI) built a vault to hold his own crypto, and it worked exactly once. Now the only part of it that ever made real money is being sold off, and what's left behind won't be a company anymore, just a ticker holding somebody else's tokens.

Four separate Nasdaq compliance failures in eight months, three cleared just in time for a fourth; and the design hands them up to a year to fix this one before anything real happens. Act first, explain later is the architecture. Failure as a rulebook. This is WLFI’s vault. Down 92% in a year.

I’ve said this before, not out of admiration, but out of necessity for understanding: none of what follows required them to break a single law. Not one piece of it. That is not a defense. That is the design.

This was never an investment. It was ownership of the tollbooth — the $500M foreign stake, the self-loan, the vote nine wallets decided, the switch used twice with no appeal — filed as a government form because federal law finally forced the receipt. wlfireside.substack.com/p/trump-wlfi...

Trump didn't break the law to build his Presidential Money Machine. He made sure the people who write it worked for him first. A hostile takeover with his signature on the paper trail.

Donald Trump told the federal government, under penalty of perjury, that he made $1.43 billion from a private currency his own sons run. One built with a switch that can freeze anyone else's money in it. He's used it twice. Nobody else gets that button. 🧵

Donald Trump told the federal government, under penalty of perjury, that he made $1.43 billion from a private currency his own sons run. One built with a switch that can freeze anyone else's money in it. He's used it twice. Nobody else gets that button. 🧵

Four months ago, this was the map. Corporate filings. WLFI governance. USD1 custody. Foreign capital. Institutional alignment. Now the President’s own disclosure supplied the number: 💲1.43B 💰 It’s been visible the entire time.

But let me tell you how… wlfireside.substack.com/p/the-presid...

Excellent read by @molly.wiki here with the broad crypto-disclosure read. My read from the WLFI/USD1 side: the filing doesn’t just show “crypto income.” It sorts the operation into three lanes: token proceeds, Stablecoin Holdco, and meme-coin royalties. The machine is now in a federal filing.

Good thread on Trump’s disclosure. But do not be distracted by the shiny numbers. What it reveals amongst them, a private monetary system, fully operational, filed on time, and unstoppable.

Trump’s new federal financial disclosure confirms the core WLFireside thesis: His family built a private monetary machine while his government was writing the rules around it. Token sales. Stablecoin business. Meme-coin royalties. Cold wallets. Governance power. $1.43B filed. 🧵

Please stop covering the housing bill like Trump’s signature matters. It doesn’t. The bill becomes law automatically. The SAVE Act is a sideshow. What’s in the bill: a ban on the Federal Reserve building a public digital dollar until 2030. WLFI’s USD1 is free to run.

On WLFI ...

The public dollar gets banned. The private dollar gets a Binance yield button, a federal charter, private rails, Nasdaq trouble, and a Trust Officer to call it supervised. The OCC is expected to agree. That is the WLFI/USD1 machine.

No signature, tantrum, veto, or vote will change one irrefutable fact: by July 4, the public digital dollar is dead by statute. USD1 has the lane to itself. Nobody voted for that. They voted for housing.

Binance just turned USD1 into a yield product. Up to 8.5% APR on the Trump family stablecoin, same week Congress moved to block the public digital dollar and OCC charter approval sits on deck. The public dollar is banned. The private dollar pays yield. The machine is not hiding.

The ceasefire Witkoff built just broke. The $300B fund’s implementation window is compromised. Witkoff’s ethics disclosure is due Sunday. Securitize vote is Sunday. OCC charter imminent. Housing bill becomes law automatically around July 4 Everything is happening simultaneously & now a news vacuum

“What we're seeing here is making what happened in Trump's first term look ethical.” The charter application goes further: the proposed Trust Officer ran regulatory legal at Robinhood through the GameStop halt, the $70M FINRA fine, and the IPO anyway. Now he certifies USD1 is properly supervised.

“What we're seeing here is making what happened in Trump's first term look ethical.” The charter application goes further: the proposed Trust Officer ran regulatory legal at Robinhood through the GameStop halt, the $70M FINRA fine, and the IPO anyway. Now he certifies USD1 is properly supervised.

The ceasefire Witkoff built just broke. The $300B fund’s implementation window is compromised. Witkoff’s ethics disclosure is due Sunday. Securitize vote is Sunday. OCC charter imminent. Housing bill becomes law automatically around July 4 Everything is happening simultaneously & now a news vacuum

Binance just turned USD1 into a yield product. Up to 8.5% APR on the Trump family stablecoin, same week Congress moved to block the public digital dollar and OCC charter approval sits on deck. The public dollar is banned. The private dollar pays yield. The machine is not hiding.

No signature, tantrum, veto, or vote will change one irrefutable fact: by July 4, the public digital dollar is dead by statute. USD1 has the lane to itself. Nobody voted for that. They voted for housing.

Mack McCain is the proposed Trust Officer of Trump's private dollar system. The freeze key that froze retail wallets without a court order will live inside his federal charter, unmodified. None of this required a conspiracy. Just a compliance lawyer who knew how to write the memo.

Yesterday Trump held his own private dollar carve-out hostage for an elections bill his party won’t pass. The OCC application doesn’t have a tantrums field.

This week in possibilities: The Fed gets legally barred from building a public dollar. The private dollar gets a federal charter. The Commerce Secretary's tokenization rail goes public. Witkoff files his ethics disclosure. And one man is positioned at the center.

The housing bill already carried the anti-CBDC carve-out — the provision that blocked the public digital dollar while leaving USD1’s lane open. Now it’s the hostage for the SAVE Act. First the price was the public dollar. Now it’s voting law. Same vehicle. New cargo. substack.com/@wlfireside/...

First the housing bill carried the anti-CBDC ban. Now Trump is holding it hostage for the SAVE Act. Same vehicle. New cargo. A bipartisan housing bill became the place where public money and voting power both get negotiated behind the curtain.

Senate Democrats are (again) demanding CFIUS investigate the $500M UAE deal that sent $187M to Trump family entities. The OCC is expected to approve a federal banking charter imminently. The investigation is being demanded while the machine is being licensed.

Update: PartnerCap just published a “Fundamental Buy” on #$AIFC (aka Alt5, the WLFI vault) w/ a $6.50 price target. Stock is at $0.63. Nasdaq delisting window expires in 7 days. The $15M circular loan from WLFI, the going concern history, and the cure window don’t appear in the report. Paid press

BREAKING: Over 100 former judges, @DDFund_ & @LDADemocracy have lodged a massive complaint w/ NY bar to investigate acting AG Todd Blanche for *Trump slush fund *DOJ political retribution *Epstein Files fiasco We have never seen anything like this www.democracydefendersfund.org/prs/06.22.26...

The CLARITY Act ethics negotiation Witt is threading happens while WLFI’s federal banking charter decision sits at the OCC—today. The ethics constraint is still being written. The charter may land before it is. That’s the sequence this piece doesn’t name.

The biggest housing bill in 30 years also banned the Federal Reserve from creating a public digital dollar until 2030 — while explicitly protecting private ones. USD1 has $4.6B in circulation. That’s the part nobody’s celebrating.

Yesterday at Bürgenstock, Switzerland: JD Vance, Steve Witkoff, and Jared Kushner waited to meet with Pakistan’s Prime Minister and Army Chief. Pakistan is the mediator. Pakistan already signed a USD1 payments agreement with a WLFI affiliate. The $300B fund mechanism is still blank.