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Zack Guzmán Profile picture
@zGuz
Feb 9, 2020 • 3 tweets • 3 min read • Read on X
MetLife very well attended for a first @XFLGuardians home game in a new league.

I’ve overheard at least 10 different fans say that it’s more crowded than they thought it would be.

Stadium makes it look smaller, @OliverLuckXFL told me - but confident the #XFL will get there
The line to buy @XFLGuardians gear stretches well past concessions

Very good sign the fans are in this for the long haul
#XFL Image
DAY ONE #XFL fan rocking the #XFL He Hate Me jersey at the @XFLGuardians kickoff game here at MetLife #OnDuty Image

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More from @zGuz

Zack Guzmán Profile picture
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)🧵 Image
Image
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) ⤵️ Image
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 Image
Read 13 tweets
Zack Guzmán Profile picture
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🧵 Image
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

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

Read 10 tweets
Zack Guzmán Profile picture
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) 🧵 Image
Image
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

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 Image
Read 7 tweets
Zack Guzmán Profile picture
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 🧵 Image
Image
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 Image
Image
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 Image
Read 16 tweets
Zack Guzmán Profile picture
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 🧵⬇️ Image
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: Image
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:

Read 6 tweets
Zack Guzmán Profile picture
Mar 25, 2024
It was surreal to be back in court for Do Kwon's trial, just a few floors from where SBF was convicted

I was the first to interview Do after Terra's collapse, and went to SBF's home right before his trial. Here's why these cases are both extremely different and eerily similar 🧵
For starters, this is a civil fraud case against Do Kwon and Terraform Labs. There is no jail time associated with this ruling (though the DOJ was lingering around the courtroom today)

At the heart of the case is exactly what we explored in our interview — Failure vs. Fraud
The SEC has built their case around the climax of our piece on Terra's collapse. As we presented it more than a year ago, this was always going to come down to:

Who knew what?
and when did they know it?

coinage.media/s1/inside-cryp…
Read 6 tweets

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