Corey Frayer
@csfrayer.bsky.social
Michael Lewis called me "...a faceless minion in a blue suit..."
Director of Investor Protection - Consumer Federation of America. Former: Crypto Adviser to Gensler SEC. House Financial Services and Senate Banking Committees.
Director of Investor Protection - Consumer Federation of America. Former: Crypto Adviser to Gensler SEC. House Financial Services and Senate Banking Committees.
The real question is who's dumb enough to keep $1,119 of bribecoin in the wrong Binance account.
New: Binance holds 87% of the Trump family's stablecoin—$4.7 billion—a higher concentration than any other major stablecoin has at any single exchange.
Its U.S. affiliate holds $1,119.
me, for @forbes.com
Its U.S. affiliate holds $1,119.
me, for @forbes.com
Trump's Stablecoin USD1: Binance Holds 87% After Founder's Pardon
World Liberty Financial's founding document describes the company as "pioneering a new era of Decentralized Finance." Its flagship stablecoin is anything but.
www.forbes.com
February 9, 2026 at 8:10 PM
The real question is who's dumb enough to keep $1,119 of bribecoin in the wrong Binance account.
The crypto Super Bowl ad you can afford after you spent all your money buying Congress and BTC is at 40% of its ATH.
www.youtube.com/watch?v=ox__...
www.youtube.com/watch?v=ox__...
Everybody Coinbase
YouTube video by Coinbase
www.youtube.com
February 9, 2026 at 1:26 PM
The crypto Super Bowl ad you can afford after you spent all your money buying Congress and BTC is at 40% of its ATH.
www.youtube.com/watch?v=ox__...
www.youtube.com/watch?v=ox__...
Reposted by Corey Frayer
New op-ed from the Washington Post's AI Editorial Staff: Why couldn't the NFL have had a Bad Bunny AND Good Rabbit halftime show?
#Satire
#Satire
February 9, 2026 at 2:52 AM
New op-ed from the Washington Post's AI Editorial Staff: Why couldn't the NFL have had a Bad Bunny AND Good Rabbit halftime show?
#Satire
#Satire
Saylor on earnings call keeps saying that "we turn digital capital into digital debt." It has the patina of "we're basically a bank making loans."
But it's really the equivalent of a large bank saying "we are raising equity so we can issue more bonds."
www.youtube.com/watch?v=GOK-...
But it's really the equivalent of a large bank saying "we are raising equity so we can issue more bonds."
www.youtube.com/watch?v=GOK-...
Strategy Q4 2025 Earnings Call
YouTube video by Strategy
www.youtube.com
February 5, 2026 at 11:06 PM
Saylor on earnings call keeps saying that "we turn digital capital into digital debt." It has the patina of "we're basically a bank making loans."
But it's really the equivalent of a large bank saying "we are raising equity so we can issue more bonds."
www.youtube.com/watch?v=GOK-...
But it's really the equivalent of a large bank saying "we are raising equity so we can issue more bonds."
www.youtube.com/watch?v=GOK-...
Some perspective for this Bitcoin crash. In the 2008 Financial Crisis, retirement accounts lost about 32% of their value.
If you bought Bitcoin at the end of October last year, you've lost about 43%. In a legitimate, reality-based market, that would be a crisis.
www.urban.org/research/pub...
If you bought Bitcoin at the end of October last year, you've lost about 43%. In a legitimate, reality-based market, that would be a crisis.
www.urban.org/research/pub...
What the 2008 Stock Market Crash Means for Retirement Security
The one-third drop in the S&P 500 index between year-end 2007 and 2008 raises concerns about retirement security since Americans now hold more equities t…
www.urban.org
February 5, 2026 at 9:40 PM
Some perspective for this Bitcoin crash. In the 2008 Financial Crisis, retirement accounts lost about 32% of their value.
If you bought Bitcoin at the end of October last year, you've lost about 43%. In a legitimate, reality-based market, that would be a crisis.
www.urban.org/research/pub...
If you bought Bitcoin at the end of October last year, you've lost about 43%. In a legitimate, reality-based market, that would be a crisis.
www.urban.org/research/pub...
Watching crypto slowly realize that our SEC's fair application of the law was better for them than a corrupt President doing them favors is life-affirming.
February 5, 2026 at 9:08 PM
Watching crypto slowly realize that our SEC's fair application of the law was better for them than a corrupt President doing them favors is life-affirming.
Bitcoin falling so fast today it's going to need ablative shielding.
February 5, 2026 at 8:28 PM
Bitcoin falling so fast today it's going to need ablative shielding.
Bitcoin under $65k today from a high ~$125k. Private credit is falling apart and institutionals are trying to fight their way out of private equity exposures.
Tell me again why this administration is encouraging plan managers to pawn these assets off on retirement savers?
tinyurl.com/3js6eyru
Tell me again why this administration is encouraging plan managers to pawn these assets off on retirement savers?
tinyurl.com/3js6eyru
Democratizing Access to Alternative Assets for 401(K) Investors
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.
tinyurl.com
February 5, 2026 at 8:22 PM
Bitcoin under $65k today from a high ~$125k. Private credit is falling apart and institutionals are trying to fight their way out of private equity exposures.
Tell me again why this administration is encouraging plan managers to pawn these assets off on retirement savers?
tinyurl.com/3js6eyru
Tell me again why this administration is encouraging plan managers to pawn these assets off on retirement savers?
tinyurl.com/3js6eyru
Reposted by Corey Frayer
I wrote about the crypto crash and why this is the worst crypto winter in the industry's history.
Sub to the Odd Lots newsletter here www.bloomberg.com/account/news...
Sub to the Odd Lots newsletter here www.bloomberg.com/account/news...
February 5, 2026 at 5:43 PM
I wrote about the crypto crash and why this is the worst crypto winter in the industry's history.
Sub to the Odd Lots newsletter here www.bloomberg.com/account/news...
Sub to the Odd Lots newsletter here www.bloomberg.com/account/news...
Senator Kim said his support for the stablecoin bill in committee was contingent on getting Trump anti-corruption language before he supported it on the floor.
He did not get that anti-corruption language and still voted for it anyway. Watch closely what he does on this upcoming Senate crypto bill.
He did not get that anti-corruption language and still voted for it anyway. Watch closely what he does on this upcoming Senate crypto bill.
KIM: When Binance founder Zhao pleaded guilty to violating money laundering laws & was sent to prison, Binance injected billions into Trump's business & Zhao was pardoned. Is that a conflict?
BESSENT: I'm unfamiliar with any of that
KIM: Is it a conflict?
BESSENT: Again, I'm not going to respond
BESSENT: I'm unfamiliar with any of that
KIM: Is it a conflict?
BESSENT: Again, I'm not going to respond
February 5, 2026 at 4:57 PM
Senator Kim said his support for the stablecoin bill in committee was contingent on getting Trump anti-corruption language before he supported it on the floor.
He did not get that anti-corruption language and still voted for it anyway. Watch closely what he does on this upcoming Senate crypto bill.
He did not get that anti-corruption language and still voted for it anyway. Watch closely what he does on this upcoming Senate crypto bill.
Short list of celebrities who probably won't be in Artificial Intelligence Super Bowl ads:
Larry David
Matt Damon
Lebron James
www.cnbc.com/2026/02/05/s...
Larry David
Matt Damon
Lebron James
www.cnbc.com/2026/02/05/s...
Super Bowl AI ad spat heats up as Altman lashes out at Anthropic campaign
OpenAI recently announced plans to begin testing ads with some ChatGPT users.
www.cnbc.com
February 5, 2026 at 4:49 PM
Short list of celebrities who probably won't be in Artificial Intelligence Super Bowl ads:
Larry David
Matt Damon
Lebron James
www.cnbc.com/2026/02/05/s...
Larry David
Matt Damon
Lebron James
www.cnbc.com/2026/02/05/s...
In regular markets, market stress signals further declines in valuations.
In crypto markets, market stress signals a bunch of fraud is about to come to light.
www.bloomberg.com/news/article...
In crypto markets, market stress signals a bunch of fraud is about to come to light.
www.bloomberg.com/news/article...
Gemini to Shutter UK, EU, Australia Customer Accounts
Crypto exchange Gemini Space Station Inc. said it plans to cut up to 25% of its workforce and wind down operations in the UK, European Union and Australia, citing a strategy to reduce costs and improv...
www.bloomberg.com
February 5, 2026 at 3:00 PM
In regular markets, market stress signals further declines in valuations.
In crypto markets, market stress signals a bunch of fraud is about to come to light.
www.bloomberg.com/news/article...
In crypto markets, market stress signals a bunch of fraud is about to come to light.
www.bloomberg.com/news/article...
We used to complain that the Wall Street bank stress testing process was like 'students grading their own homework.' Federal Reserve Governor Bowman has turned it into 'students choosing which questions will be on their finals.'
www.federalreserve.gov/newsevents/p...
www.federalreserve.gov/newsevents/p...
Federal Reserve Board finalizes hypothetical scenarios for its annual stress test and votes to maintain the current stress test-related capital requirements until public feedback can be considered
The Federal Reserve Board on Wednesday finalized the hypothetical scenarios for its annual stress test, which helps ensure that large banks can continue to len
www.federalreserve.gov
February 5, 2026 at 2:24 PM
We used to complain that the Wall Street bank stress testing process was like 'students grading their own homework.' Federal Reserve Governor Bowman has turned it into 'students choosing which questions will be on their finals.'
www.federalreserve.gov/newsevents/p...
www.federalreserve.gov/newsevents/p...
Missing from this story - President Trump, Larry Fink, and the entire private credit industry trying to shove these failing investments into 401(k)s before the bottom falls out of the market.
February 4, 2026 at 7:42 PM
Missing from this story - President Trump, Larry Fink, and the entire private credit industry trying to shove these failing investments into 401(k)s before the bottom falls out of the market.
ICI Fireside Chat with Cmsr Peirce is incoherent. She's for same activity same regulation but also against it. Exemptive authority rather than rulemaking. Wildly mischaracterizing our approach without being able to articulate what her approach would be.
Very revealing.
vimeo.com/1160516554/1...
Very revealing.
vimeo.com/1160516554/1...
ICI Innovate Fireside Chat with Eric Pan and Hester Peirce
This is "ICI Innovate Fireside Chat with Eric Pan and Hester Peirce" by Investment Company Institute on Vimeo, the home for high quality videos and the…
vimeo.com
February 4, 2026 at 7:00 PM
ICI Fireside Chat with Cmsr Peirce is incoherent. She's for same activity same regulation but also against it. Exemptive authority rather than rulemaking. Wildly mischaracterizing our approach without being able to articulate what her approach would be.
Very revealing.
vimeo.com/1160516554/1...
Very revealing.
vimeo.com/1160516554/1...
Actually we can't walk or bike past the White House anymore (a major non-car commuter artery) because of the ballroom construction.
So this is false on several counts.
So this is false on several counts.
Trump says he's made it possible for people to "walk to the White House instead of getting into an Uber and getting mugged even as the Uber progresses"
February 4, 2026 at 1:18 AM
Actually we can't walk or bike past the White House anymore (a major non-car commuter artery) because of the ballroom construction.
So this is false on several counts.
So this is false on several counts.
Reposted by Corey Frayer
Wondering if people who don't live in DC get how utterly, hilariously delusional this is.
Trump says he's made it possible for people to "walk to the White House instead of getting into an Uber and getting mugged even as the Uber progresses"
February 3, 2026 at 9:36 PM
Wondering if people who don't live in DC get how utterly, hilariously delusional this is.
If these were real crypto investors they would have commissioned the statue out of bitcoin, not gold.
“I had him very lifelike,” Mr. Cottrill said in an interview last month. “The crypto guys said I had to get rid of some of the turkey neck. I had to thin him down.” www.nytimes.com/2026/02/03/t...
‘Don Colossus,’ a Golden Statue of President Trump, Waits for Its Home
www.nytimes.com
February 3, 2026 at 9:33 PM
If these were real crypto investors they would have commissioned the statue out of bitcoin, not gold.
Reposted by Corey Frayer
Did you know that in 2014 Brian Armstrong and Fred Ehrsam accepted money from Jeffrey Epstein for shares of Coinbase?
They even knew who he was and that he was convicted of procuring a minor for prostitution and took the money anyway!
Seems kind of crazy.
They even knew who he was and that he was convicted of procuring a minor for prostitution and took the money anyway!
Seems kind of crazy.
February 3, 2026 at 4:08 PM
Did you know that in 2014 Brian Armstrong and Fred Ehrsam accepted money from Jeffrey Epstein for shares of Coinbase?
They even knew who he was and that he was convicted of procuring a minor for prostitution and took the money anyway!
Seems kind of crazy.
They even knew who he was and that he was convicted of procuring a minor for prostitution and took the money anyway!
Seems kind of crazy.
There's not something uniquely American about *stablecoins*
There's something uniquely American about failure to invest in public infrastructure for critical services like fast payments. And then farming it out to a private firm. And then overpaying for an inferior product.
There's something uniquely American about failure to invest in public infrastructure for critical services like fast payments. And then farming it out to a private firm. And then overpaying for an inferior product.
“There’s something uniquely American about stablecoins”
Make of that what you will
as.ft.com/r/a6803534-2...
Make of that what you will
as.ft.com/r/a6803534-2...
The stablecoin war: Wall Street vs crypto over the future of money
[FREE TO READ] Banks say rules governing the digital currency are a risk to financial stability. Are they just trying to stamp out competition?
as.ft.com
February 2, 2026 at 7:49 PM
There's not something uniquely American about *stablecoins*
There's something uniquely American about failure to invest in public infrastructure for critical services like fast payments. And then farming it out to a private firm. And then overpaying for an inferior product.
There's something uniquely American about failure to invest in public infrastructure for critical services like fast payments. And then farming it out to a private firm. And then overpaying for an inferior product.
Reposted by Corey Frayer
Non-USD stablecoin volume is about $1.5 billion; USD stablecoin volume is about $300 billion (if DefiLlama's nos are right)
The USD market is the ballgame - but not because Americans use them for real-world payments. Criminals and gamblers just like their USDs
fintechdystopia.com/chapters/cha...
The USD market is the ballgame - but not because Americans use them for real-world payments. Criminals and gamblers just like their USDs
fintechdystopia.com/chapters/cha...
February 2, 2026 at 7:41 PM
Non-USD stablecoin volume is about $1.5 billion; USD stablecoin volume is about $300 billion (if DefiLlama's nos are right)
The USD market is the ballgame - but not because Americans use them for real-world payments. Criminals and gamblers just like their USDs
fintechdystopia.com/chapters/cha...
The USD market is the ballgame - but not because Americans use them for real-world payments. Criminals and gamblers just like their USDs
fintechdystopia.com/chapters/cha...
Tomorrow's White House meeting between crypto and bank CEOs is going to be extremely productive.
www.coindesk.com/policy/2026/...
www.coindesk.com/policy/2026/...
Coinbase's (COIN) Brian Armstrong was snubbed by top executives from the biggest U.S. banks in Davos: WSJ
Stablecoin rewards and the Clarity Act widen the divide between crypto and TradFi, according to people who spoke with the WSJ.
www.coindesk.com
February 1, 2026 at 10:19 PM
Tomorrow's White House meeting between crypto and bank CEOs is going to be extremely productive.
www.coindesk.com/policy/2026/...
www.coindesk.com/policy/2026/...
Burr's kids asking Hamilton for an autograph.
Larry Summers complaining to Epstein that his kids admire Bernie Sanders too much
February 1, 2026 at 8:12 PM
Burr's kids asking Hamilton for an autograph.