Prediction markets shut out of Trump's meeting with tech executives
Predication market officials will not attend a White House event Wednesday that will feature cryptocurrency and other tech leaders. President Trump "will host an event with tech leaders tomorrow to strengthen America's innovative and technological dominance,” a White House official told Politico. “Prediction market companies will not be a part of the event,” they said....
Capital One closed 385 bank accounts linked to President Donald Trump in 2021 due to financial activities flagged as money laundering, according to court filings. The bank was also fined $390 million by the Financial Crimes Enforcement Network (FinCEN) for failing to implement an effective Anti-Money Laundering (AML) program between 2008 and 2014.
Trump's legal team claims the closures were politically motivated, while Capital One maintains the account closures were the result of an AML review in accordance with bank policies and regulatory guidance. The bank has the right to close accounts due to potential regulatory noncompliance, which could lead to hefty penalties.
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