The Ultimate Fighting Championship (UFC) announced on Friday that it will pay bonuses to fighters in a form of cryptocurrency issued by Trump family business World Liberty Financial at the heavily publicized White House mixed martial arts event on Sunday.
The development connects the Trump family’s financial interests to the high-profile UFC competition being promoted on government property. The competition on the south White House lawn is scheduled for 14 June, Donald Trump’s birthday.
The UFC said some fighters will receive bonuses in World Liberty Financial crypto called “stablecoins”, whose value is pegged to the US dollar. World Liberty named the currency “USD1”.
So they’re not getting paid, gotcha.
Without the timing on the pump and dump, those coins are useless.
No it’s stable coins. This is a legal loophole because it can’t make money on paper. Everyone involved can cash out to usd, cad, yuan, yen, dinar, btc, etc… Literally the next day no problem.
It’s also serves other cons but everyone getting paid will have dollars to spend and UFC will make a killing off books even if it’s rained out
If you believe a Trump-issued stablecoin is going to be actually honored if you want to cash out, I’ve got a bridge to sell you. Given everything that has happened in the last couple of years, and last couple of decades, do you honestly expect the due diligence to be correct and the books to not be cooked?
Cook away. They’ll cash these coins out no problem. The liquidity comes from elsewhere and serves multiple scams
Grift upon grift upon grift upon grift, and repeat infinitely.
I remember being a little shocked when Donald sold the Resolute Desk for ad space to Goya during his first term, or using an NCAA championship visit and dinner to the White House to promote a host of fast food brands, but that was small potatoes.
It really must be a simulated administration just to see how much a president can get away with
I wish it were a simulation. If it weren’t for Israel, it would be arguable that the Epstein Class has the Federal Government under total control. Instead, we’re all beholden to the Israelis because everyone in power had their dirty deeds recorded by Epstein and Israel has that information.
It’s like a grift and a pyramid scheme combined. There’s one big grifter at the top running grifts on people that pay for it by running grifts on people who pay for it by running grifts on people…
It’s a …. Griftception!
*Echoing eagle sound effect"
That is the legacy of American freedom, my friend
Suckers.
