Jared Kushner, the former president’s son-in-law and senior advisor in the White House, sent an email asking for a group brainstorming session to “discuss the idea of cryptocurrency.” It was a question posed to then-US Treasury Secretary Steven Mnuchin. The email was obtained through a Freedom of Information Act request.
Kushner suggested a group be assembled to “have a brainstorm”
Kushner, then the son-in-law of President Donald Trump, emailed then-US Treasury Secretary Steven Mnuchin requesting a brainstorming session on the subject of cryptocurrency. That email was revealed by a Freedom Of Information Act request.
Kushner suggested a U.S. digital currency could cut down on waste
Jared Kushner, a senior advisor to the president and husband of Ivanka Trump, has been a prominent figure in foreign policy, criminal justice reform, and government reform, among other areas. His role in the Middle East has been credited with stabilizing the region. But his interest in digital currencies was virtually unknown, until a 250-page cache of correspondence between him and Treasury Secretary Steven Mnuchin was released.
While he was still relatively young, Kushner was a vocal critic of the media. He felt that journalists were largely socially insecure smartasses who glamorized human failings. So, he wrote an article criticizing the media for glorifying human failings.
Kushner’s fall from grace began with a conflict with his brother Murray over a real estate business. He then assembled a team to create a national testing plan, but cancelled it. However, the Rockefeller Foundation stepped in to fill that gap.
Fraud
Jared Kushner, former president Donald Trump’s son-in-law and senior adviser, asked a brainstorming group to come up with a digital currency, according to an email obtained through a Freedom Of Information Act request. Kushner wanted the group to create a cryptocurrency that would be central bank-backed.
While the federal government has not thrown its weight behind crypto since Kushner’s e-mail, the IRS and treasury’s Monetary Crimes Enforcement Community (MCEC) are proactively monitoring the crypto industry. The Treasury Department’s emails reveal that its officials held meetings with executives of cryptocurrency companies, including Coinbase and the now-closed Block.
The White Papers reveal that Stollery falsified certain aspects of TBIS’s cryptocurrency investment offering. He also planted fake client testimonials on TBIS’ website, and falsely claimed to have business relationships with prominent companies.
Transaction costs
When former President Donald Trump was in the White House, his senior adviser Jared Kushner floated the idea of creating a digital currency. He asked a group to brainstorm ways to make the technology work. The emails were obtained by the Freedom Of Information Act. While in the White House, Kushner was the director of the Office of American Innovation.
While blockchains have some advantages, they are not backed by the federal government and are thus risky. Cryptocurrency transactions must limit the number of computational steps that each transaction takes. Each computational step costs one gas, though some operations cost more because they increase the amount of data that must be stored in the state. On average, Ethereum charges five gas per byte of transaction data.