Trent Sorbe

“What we do echoes through the generations.” -President Barack Obama (8/19/2020)

@mikulaja @TomoCredit Does their ambulance-chasing lawyer realize that there are hundreds of industry-leading lawyers that follow you - many of whom I’m sure would be very willing to assist you in defending this garbage lawsuit?

Also, @TomoCredit's third-rate lawyer (Albany Law School, ranked 117/197) told me they had contacted X and Substack, presumably to ask them to remove content. Let's see how "absolute" their commitment to free speech actually is...

@mikulaja I haven’t heard that name since he fired all of us from the CFPB Advisory Board.

We're so far through the looking glass that I'm agreeing with Mick Mulvaney --

@mikulaja @Mastercard Shoutout to Walmart for crushing my entrepreneurial dreams by insisting I pay for my TVs instead of just walking out with them. Love how they’re still clinging to outdated ideas like ownership and receipts. Anyway, RIP to my big-box arbitrage empire before it even began.

"No KYC" site UnCash abruptly shuts down following my reporting, calling @Mastercard's actions a "corporate guillotine" and "death sentence" --

@BeschlossDC Prince

Please tell us : What was your favorite Super Bowl halftime show in history?

@GregGraber @lindseyvonn What does her net worth have to do with her passion to ski? The article implies that she can’t find meaning in life without skiing and then implies that she since she has money she could find meaning in her wealth. Is that really a better way to live?

Buttigieg: In a country that amended its constitution so you could not purchase a beer and then realized it was a bad idea and amended it back, surely we can have an amendment clarifying that a corporation is not a person and money is not speech.

Faith without works is dead.

@kontigo_app @sytaylor @mikulaja

Simon. It is disappointing that you are amplifying and sharing information and conclusions that are not only false but also skip the fundamental step of contacting the target to verify the facts, thereby incurring in a reckless spread of misinformation. These claims are defamatory and factually incorrect; we will hold those who circulate these falsehoods accountable for the resulting harm to our business reputation.

Incredible work by @mikulaja @kontigo_app was at best a naive puppet for sanctions violations At worst a knowing participant. The whole stablecoin industry is on notice Get your AML and Sanctions controls buttoned up or there will be blowback It's when not if. fintechbusinessweekly.substack.com/p/kontigo-ycom…

Carl Sagan’s prediction about America, made 31 years ago.

@sytaylor You’re hardly a CEO if you believed this was a permissible practice.

🧠 The Kontingo CEO argues that Checkbook repeatedly assured Kontingo they could offer global accounts “including Venezuelan migrants, as long as they passed the KYC/KYB process.” Reports suggest Kontigo’s US Terms of Service prohibited Venezuelan users, but their marketing (and reality) targeted them. There’s a disconnect here.

The @kontigo_app vs Checkbook & JP Morgan drama is pure 🍿. I wanted to give it some context. Because the claim of "banking system is evil and outdated" is simply wrong and lacks context. Here's what I think is really going on

@sytaylor Curious if this was spotted by Checkbook or Kontigo, or if the only real AML systems resided at JPM. Everyone in the chain has a responsibility.

🧠 For a bank like JPM, Venezuela is radioactive. It’s entirely possible JP Morgan’s AML system saw transactions to Venezuela, a sanctioned country, and issued a close order. As a bank, it’s better to be safe than sorry (see the history of multi-billion dollar fines for sanctions violations). If Kontigo is marketing specifically to Venezuelans (which they appear to do), JPM might view the entire program as a sanctions evasion vehicle.

@laurashin @RegulatoryJason @Unchained_pod No bank charter? Enjoy the junior varsity team.

🚨 THREAD: JPMorgan Found a Loophole Around Stablecoin Restrictions The bank's $JPMD token on Base can pay interest and skip full collateralization, two things Tether and Circle are banned from doing under GENIUS Act @RegulatoryJason investigates at @unchained_pod 1/3

@mikulaja You get nasty grams?!?! I refuse to believe that. :)

Got a nastygram from the Plaid comms team when I asked about these remarks at the time:

@mikulaja She has no idea what she’s saying.

This makes literally zero sense.

@keloland Come to Arlington SD this weekend.

Parker business owner says small town hunting dwindling keloland.com/news/local-new…

@bank_reg @zachperret

Comments from Plaid CEO on (some) community banks semafor.com/newsletter/10/…

@RandyMoss 🙋🏻‍♂️ Every basketball locker room pregame at Newell Providence HS - I think we went 5-18 that year. :)

Do u know how many athletes went and shredded a team after hearing this???#philis2blame

@mikulaja @ICBA Wonder when ZP last visited a small town. If he plans to, be sure to ask the folks there how they’d feel about losing their local community bank to a megabank - yes, even those with a cool app. 🙄

How NOT to make friends with the @ICBA and community bankers:

@Sec_Noem Sounds like the time you tried to enter reservation land back here in SD. You should be used to it.

My team and I were just blocked from accessing the Village of Broadview Municipal Building in Illinois. We were stopping for a quick bathroom break. This is a public building. The Village of Broadview receives at least $1 million in federal funding every year. This is how JB Pritzker and his cronies treat our law enforcement. Absolutely shameful.

I love it when journalists do reporting and actually don't do any even remedial research into what they're saying or writing about. On USDC and reversible payments 🧵 We've been working on research into how to enable refunds on top of blockchains that settle stablecoins with finality for a long time, as we announced last year. 1) circle.com/blog/refund-pr… 2) Even a cursory review of the @arc litepaper which we published in August speaks directly to this work. "Refund and Dispute Protocols: Onchain mechanisms for managing refunds and resolving payment disputes. This provides a level of consumer and merchant protection that is essential for mainstream adoption but often lacking in existing blockchain systems." 3) We also talked about it as a key feature for future upgrades to Circle Payments Network onchain payments protocols. 4) Most important, with @arc, we are delivering sub-second deterministic settlement finality (an ultra-high bar for real money and assets) as a foundational principle and feature. If you are journalist, please do the work rather than spew out click-bait. Thank you.