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More from @zGuz

Zack Guzmán

@zGuz

Feb 19

I cannot overstate how bullish the death of the Memecoin Industrial Complex is for crypto

Long-term projects that have actually walked the walk on Web3 have been overshadowed by memecoins for years

Here's why the memecoin washout is net-great for crypto 🧵⬇️

The mainstream has always looked at crypto as a casino with no legitimate use cases. For those in the industry, we know that to be false

But memecoins always got massive coverage because of celebs/insiders promoting launches that (on paper) looked huge

Memecoins aren't good examples of Web3:

- Insider allocations replicate everything crypto hated about Wall Street IPO gatekeeping
- Sniping replicated front-running in TradFi

Most importantly, in Web3 you should be offering ownership in something real (h/t @amandacassatt)

Read 9 tweets

Zack Guzmán

@zGuz

Jan 23

It’s *usually* illegal for anyone in government to profit from their office, but Trump is capitalizing on a new way to sell influence

If you follow the money, the $TRUMP memecoin looks like a head fake

THIS is the real Trump honeypot you can get in on (but probably shouldn’t)🧵

First, the obvious: As Rob Blagojevich learned, directly auctioning off an office will land you in prison

But what if you were less obvious about it?

Here's my theory on how President Trump is doing it with crypto (which he confirmed by re-tweeting) ⤵️

Trump, Eric, Don Jr., and even Barron are currently overseeing the build out of one of the largest projects in crypto

The DeFi platform, @worldlibertyfi has already raised close to half a billion dollars via a token sale and outside investors — including foreign nationals

Read 13 tweets

Zack Guzmán

@zGuz

Jan 21

SEC Commissioner Hester Peirce was just tapped to run the crypto task force at the SEC and that's so insanely bullish

When I interviewed her last month, she predicted three things would happen under a pro-crypto SEC

This was the first, the others are even better for crypto🧵

First off, the SEC has been regulating by enforcement with lawsuits based on the fact nobody knows the rules / how to be compliant

Today's announcement to set up a task force to finally establish clear rules confirms the "day one" changes she predicted

https://x.com/coinage_media/status/1871163855977546066

Commissioner Peirce is known as "crypto mom" because she understands the benefits of the tech

Her other hope was that she could work with builders to free the industry of fears the SEC would hit them with enforcement actions so they could build freely

https://x.com/coinage_media/status/1871163855977546066

Read 10 tweets

Zack Guzmán

@zGuz

Jan 19

There is a very important reason why the Trumps are launching $TRUMP and now $MELANIA so fast before the inauguration

And whether you love Trump or hate Trump, the fact is that waiting another day could've opened him up to Constitutional violations & impeachment (again) 🧵

https://x.com/zGuz/status/1880621420302225606

As laid out in the Constitution, no President is allowed to abuse his office to enrich himself

Specifically, the Emoluments Clause prevents the president from receiving profits/gains from foreign governments

That's what makes these coins interesting

https://x.com/zGuz/status/1880621420302225606

Both Trumps have been testing the waters with various NFT drops over the last couple years

Both have used separate companies and seemingly distinct teams

Those companies have paid out fees to Melania and Trump, keeping the direct coin purchases at an arms-length

Read 7 tweets

Zack Guzmán

@zGuz

Jan 18

Three days before the inauguration, Trump has launched a memecoin that has since risen more than 10,000%

He did so after inviting the Crypto Industry to a black tie event in DC

Here’s my theory on $TRUMP, which is almost diabolical, but totally something Trump is capable of 🧵

First, the backstory: Trump is coming into office following an intensely anti-crypto administration

Trump’s inner circle has used crypto personally to make millions in short order

He’s launched multiple NFT collections over the last few years using a company called CIC Digital

The crypto industry is desperate for change. Companies donated HEAVILY to the Trump campaign

In fact, the crypto industry do rates more money to campaigns this year than basically any other industry in the US

So, fitting that an invite-only Crypto celebration might come about

Read 16 tweets

Zack Guzmán

@zGuz

Jan 5

NEW: Terra Founder Do Kwon is now facing a maximum penalty of 130 years in prison after being extradited to the US

He appeared in US court for the first time to face extensive fraud charges that could impact all of crypto

Here's what happens next 🧵⬇️

The criminal charges detailed in the DOJ's 79-page indictment include new allegations that were not part of the SEC's civil trial

The criminal case goes into further detail as the DOJ must show Do Kwon acted with criminal intent

Prosecutors even cited my old interviews with Do:

The reason why this case is more interesting than the SBF/FTX case is because it more directly applies to crypto projects and founders experimenting in DeFi

We covered the difference between failure & fraud in our @coinage_media mini-doc with Do Kwon: