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#howardlutnick

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As Commerce Secretary, #HowardLutnick controls the National Oceanic and Atmospheric Administration (#NOAA) and the National Weather Service (#NWS). As he dismantles them, note that he and his sons run a firm that invests in for-profit, private-sector firms that hope to replace NOAA and NWS.
newrepublic.com/post/197750/do

The New Republic · Trump’s Commerce Secretary Will Get Rich Off These Budget CutsHoward Lutnick has ties to companies that gather weather data.
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Among its legion of businesses, #CantorFitzgerald has interests in #weather & #climate. It owns a controlling interest in #BGCGroup, which operates a weather derivatives market that essentially allows investors to bet on climate risk & where #hurricanes will make landfall.

#HowardLutnick also played a pivotal role in cultivating #Satellogic. He helped raise capital to take the company public & held a seat on its board until #Trump nominated him. Cantor holds a roughly 13% stake in Satellogic….

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#HowardLutnick ran #CantorFitzgerald

Lutnick resigned as CEO of Cantor Fitzgerald, an investing behemoth, upon taking office & began the arduous task of divesting his interests, as required by #law.

His two 20-something sons were given the reins of his financial empire. Brandon Lutnick was named chair of Cantor, while Kyle Lutnick was tapped to be executive vice chair. But his most recent #ethics filing from June 19 stated that he was still selling his holdings in the firm.

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#HowardLutnick is not the only one #Trump nominated for a key post w/close relationships to companies involved in the gathering of vital #weather data.

Trump’s pick to lead the #NOAA, #NeilJacobs, was chief atmospheric scientist for Panasonic Weather Solutions & has been a vocal proponent of #privatization. Trump’s nominee for another top NOAA post, #TaylorJordan, is a lobbyist with a roster of weather-related clients.

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@laprice yes (and we know they printed money that at least a few times, when they got caught by NYS for lying about their reserves and then when they created a billion by lending $1 bn USDT to #CelsiusNetwork

unfortunately now donald trump can also print money outside the banking system with his personal stablecoin #USD1.

i suspect trump is even less likely than tether to be audited or scrutinized (and tether has never been audited).

"Britain’s drug gangs and Moscow’s hackers were just two nodes in a vast criminal super-network [that] included sanctioned oligarchs, Russian intelligence operatives and an Irish crime family."

(and of course that network also now includes the #Trump administration, because Howard Lutnick is/was Tether's money manager and Justin Sun is now the Trump family's business partner in #WorldLibertyFinancial)

* #TheEconomist: economist.com/1843/2025/07/04/
* no paywall: archive.ph/NiCRD

a russian hosting service that takes payment in crypto, Aeza Group, was just hit with #OFAC sanctions.

they've sent funds to a bunch of the shadiest crypto exchanges - #Cryptomus, #MEXC, #Binance, and (of course) #HTX, the crypto exchange run by the business partner of the president of the united states.

also looks like they took payment in #Tether, the #stablecoin whose money is managed by america's secretary of commerce howard lutnick.

* OFAC press release: ofac.treasury.gov/recent-actio
* Wallet: intel.arkm.com/explorer/addres

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@BrentD i can't find the details but past history would indicate with something like 99.5% accuracy that this mechanics of this fraud were done with #Tether, meaning Trump's cabinet secretary #HowardLutnick directly profited off of this.

cryptadamus.substack.com/p/tru

The Cryptocalypse Chronicles · Trump's Transition Team Is Tethered To Thievery (And Worse)By Michel de Cryptadamus

Ω🪬Ω
Since #Israel attacked #Iran Tether has frozen 112 blockchain wallets on Tron and Ethereum (the #crypto equivalent of freezing a bank account, usually on suspicion/proof of money laundering).

- Collectively those wallets received ~$700 million before being frozen
- The top 40 of those accounts are *all* on #JustinSun's #Tron blockchain
- Iranian exchanges almost exclusively use #Tether on Tron for USD xfers. They even publicly instruct their users on how to avoid #sanctions
- The Iranian govt, including the #IRGC (a sanctioned #terrorist group), has long been rumoured to be among the Iranians using Tether to move money to their proxies like #Hezbollah and #Hamas
- Israelis hacked the largest Iranian crypto exchange #Nobitex for $90 million last week. Nobitex is the largest user of USDT that I know of in Iran
- Justin Sun is now Trump's biz partner (and #HowardLutnick has been Tether's partner for yrs)

Lots more details here:
threadreaderapp.com/thread/193

@jakebrake @Lydie stablecoins aren't "mined" the way that bitcoin and eth are, they are just "minted" when the stablecoin's issuer pushes the "mint new stablecoins" button.

i'll spare you the details unless you really want to understand it but i wrote an explainer of what a stablecoin really is for (hopefully) non-technical people back in october: cryptadamus.substack.com/p/tru

also includes a lot of specifics on the way iran, north korea, chinese organized crime, and every other bad actor on the global stage has been laundering incredible sums of money with the help of the man donald trump made America's Secretary of Commerce (Howard Lutnick)

cryptadamus.substack.com/p/tru

The Cryptocalypse Chronicles · Trump's Transition Team Is Tethered To Thievery (And Worse)By Michel de Cryptadamus