New York City is shutting down, a thread on #coronavirus
At 8pm all bars/restaurants are ordered to close for takeout only
Some bars, like East Village’s Crocodile Lounge are using that as an incentive to get drink now
ALL BEERS MUST GO! 1/n
7-Eleven remains open in NYC, and it wants you to know it has hand sanitizer to battle #coronavirus
Unfortunately, it also has weenies rotating in the open air 2/n
Famed concert venue Webster Hall has no names on the marquee with no shows planned due to gatherings of more than 50 people no longer being allowed 3/n
The IHOP on 14th Street specifically names Gov. Cuomo as the man with the plan.
Despite noting takeout is still available, it’s closed 4/n
The AMC in East Village is also shut, despite the fact that two people were somehow able to purchase tickets online
As you can imagine they were not pleased. One asked, “Man, they really shutting shit down, huh?”
Yeah, my man. Shit’s indeed gettin shut. Follow me on Twitter 5/n
Famed chicken and rice powerhouse Halal Guys is chugging along because let’s be real, Halal Guys inflicts damage it does not take it
Coincidentally, this also explains why people were hoarding toilet paper 6/n
Famed pizza establishment Joe’s Pizza put up a sign telling customers they can no longer burn the roof of their mouth inside the restaurant
This is actually probably one of the few positives of the NYC #coronavirus lockdown 7/n
5Napkin Burger doesn’t mention #coronavirus at all in its notice that it’s closing, which doesn’t seem smart since customers might think they closed down for health code reasons ... or worse!
Maybe their burgers were only 4Napkin Burgers 8/n
The 14th Street McDonald’s also noted it is only serving takeout orders due to #coronavirus
However, the sign did use a double negative that kinda left me confused
I’ve never seen Beauty Bar empty before today
Fittingly, this thread will end with a very important reminder from your friends at the CDC:
Wash your hands. Flatten the curve. Maintain social distances. Refrain from groups of more than 10.
Stay safe. And God bless!
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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
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
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
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) 🧵
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
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:
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: