#Regulation #TRUMP #FBI #SEC #Politics 👁
$15B was seized from one set of scammers. Another ran a "soft rug" for $636M - and gets to write the law
On one side - the FBI reported on Operation Blackout: $15B in crypto seized, hundreds of arrests, thousands of people pulled out of scam compounds in Cambodia and Myanmar. Almost all of it - 127,271 BTC from the head of Cambodia's Prince Group, charged with running a forced-labor fraud operation.
On the other - in those same days, senators Warren and Blumenthal pushed the SEC to investigate the president's own memecoin. Per their letter (citing Nansen and the NYT), nearly a million people lost around $3.81B on the TRUMP token, while Trump himself earned ~$636M.
The token crashed 98% from its peak, with 80% of the supply sitting in Trump-affiliated entities. The senators call it a "soft rug pull" - insiders bleeding out gradually while retail is left holding the bag.
🟢 Here's the whole point
One "pig-butchering" ring worth $15B means prison and the largest forfeiture in US history. The other drained $3.81B from retail and it's most likely not even prosecutable: the SEC declared back in February 2025 that memecoins aren't securities, so their holders don't legally have to be protected. And the SEC chair the letter went to is a Trump appointee.
TRM Labs analysts say TRUMP wasn't a classic rug pull, it wasn't designed to go to zero. But they add - "80% of the coins in a few hands and a million retail holders in the red will look worse over time, not better."
And per Bloomberg, an ethics amendment got attached to the CLARITY Act that, if it forces Trump to sell his crypto holdings, would ironically also hand him a tax deferral on that sale.
✨ Regulation is coming to crypto, sure. It just comes selectively: some get jailed and their coins taken (those 127,000 BTC now sit with the US government, which has quietly become one of the biggest bitcoin holders), while others get a convenient framework written for them under the radar.
Russia's first crypto law is the same story - not "freedom for all" but "now it's under control." So watch the thing that actually matters: who ends up holding the coins, and who ends up with immunity.
➡️Crouton.digital | About us⬅️
$15B was seized from one set of scammers. Another ran a "soft rug" for $636M - and gets to write the law
In a single week crypto got squeezed from both ends. And if you look past the headlines at who exactly got squeezed, the picture turns awkward.
On one side - the FBI reported on Operation Blackout: $15B in crypto seized, hundreds of arrests, thousands of people pulled out of scam compounds in Cambodia and Myanmar. Almost all of it - 127,271 BTC from the head of Cambodia's Prince Group, charged with running a forced-labor fraud operation.
On the other - in those same days, senators Warren and Blumenthal pushed the SEC to investigate the president's own memecoin. Per their letter (citing Nansen and the NYT), nearly a million people lost around $3.81B on the TRUMP token, while Trump himself earned ~$636M.
The token crashed 98% from its peak, with 80% of the supply sitting in Trump-affiliated entities. The senators call it a "soft rug pull" - insiders bleeding out gradually while retail is left holding the bag.
🟢 Here's the whole point
One "pig-butchering" ring worth $15B means prison and the largest forfeiture in US history. The other drained $3.81B from retail and it's most likely not even prosecutable: the SEC declared back in February 2025 that memecoins aren't securities, so their holders don't legally have to be protected. And the SEC chair the letter went to is a Trump appointee.
TRM Labs analysts say TRUMP wasn't a classic rug pull, it wasn't designed to go to zero. But they add - "80% of the coins in a few hands and a million retail holders in the red will look worse over time, not better."
And per Bloomberg, an ethics amendment got attached to the CLARITY Act that, if it forces Trump to sell his crypto holdings, would ironically also hand him a tax deferral on that sale.
✨ Regulation is coming to crypto, sure. It just comes selectively: some get jailed and their coins taken (those 127,000 BTC now sit with the US government, which has quietly become one of the biggest bitcoin holders), while others get a convenient framework written for them under the radar.
Russia's first crypto law is the same story - not "freedom for all" but "now it's under control." So watch the thing that actually matters: who ends up holding the coins, and who ends up with immunity.
➡️Crouton.digital | About us⬅️