Chain News Daily Official TheBitTimes.com

Ripple Labs donated $4.9 million to Donald Trump’s January inauguration, just three months before the Securities and Exchange Commission (SEC) began pausing lawsuit appeals and reducing fines against the crypto firm. The details of Ripple’s donation — the second largest after the $5 million handed over by poultry producer Pilgrim’s Pride — were made public on Sunday as part of a filing submitted to the Federal Election Commission. According to a list compiled by publisher Fortune, crypto firms and leaders were responsible for $18 million of the inauguration’s $239 million in donations. Crypto exchange Coinbase and investment firm Galaxy Digital donated $1 million each, while more modest gifts came from Yuga Labs and Consensys, which both donated $100,000 . SEC wants to settle with Ripple, drops Helium case Read more: Bank of America lobbies to dethrone Tether and Circle Earlier this month, the SEC and Ripple filed to pause the regulator...

The Lifeboat Foundation is still claiming to be a government-sanctioned charity despite it still being unclear exactly what it does with the donations it receives. The organization, which Protos covered all the way back in 2021, describes itself as a 501(c)3 charity but is best known in Crypto circles for its donors, which include a host of important Crypto currency advocates and founders such as Vitalik Buterin, Stuart Hoegner, JR Willett, and Charles Hoskinson. While it’s not immediately obvious where the foundation’s donations go, it claims to be working on numerous shields for Earth (Nano Shield, Black Hole Shield, Asteroid Shield) along with a seed preserver and so-called ‘space habitats.’ Any proof of development on these hasn’t been shared publicly. The foundation claims to be working on numerous shields for Earth. Revocation and lies Since 2020, the Lifeboat Foundation has been on the IRS auto-revocation list, meaning that it hasn’t filed the necessary documents wit...

Ryan Salame plans to plead the Fifth if he is asked to testify at Sam Bankman-Fried's criminal trial, according to United States prosecutors. Former FTX executive Ryan Salame will reportedly avoid testify ing about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial. Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witness to the case, according to an Aug. 14 motion filed by United States federal prosecutors. “Salame’s attorney has represented that if subpoenaed, Salame would invoke his Fifth Amendment right against self-incrimination,” the prosecutor’s motion states, adding that Salame would be “unavailable as a witness.” From the US government's motion in limine in the Sam Bankman-Fried criminal trial: "[Ryan] Salame is unavailable as a witness... Salame’s attorney has represented that if subpoenaed, Salame would invoke his Fifth Amendment right against self-incrimin...