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Speaking of Justin Sun, remember last issue when I wrote about the Terra fraud: “Side note: If someone promises you a risk-free 20% annual yield if you just let them hold on to your dollars for you, the risk that you never see those dollars again is in fact very high”? Well, an hour after retweeting with the 👀 emoji a Reuters bulletin about the SEC enforcement “freeze” (a headline which did not make mention of the carve-out for cases, like Sun’s, alleging fraud), Sun fired off one of the most spectacular tweets I’ve seen out of the industry in a while: H.E. Justin Sun @justinsuntron USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao. All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.” Stop asking questions! Why can’t you understand that we just have so much money that we want you to send us your money so that we can give you our money! This fellow is the newest adviser to Trump’s crypto project, a role he bought for $30 million ($18 million of which goes directly into Trump’s pockets) [I71]. More likely he was interested in buying the proximity to Trump and his family members and trusted advisers.