Ladies and gentlemen, the FBI has finally decided that Jesse Powell, the man who probably knows more about crypto than your average squirrel, is not a criminal. Or at least, not a criminal they’re interested in prosecuting right now. 🐿️💸
The DOJ, ever the drama queen, has closed the book on this particular mystery. Also, they returned a dozen of his devices. One can only imagine the relief of having your personal tech handed back after a raid. It’s like getting your favorite socks back from the dry cleaners—except the dry cleaners were the FBI. 🧼👮♂️
In 2023, the FBI raided Powell’s home, a move that would make even the most seasoned spy blush. But here’s the twist: this wasn’t about his crypto empire. It was about his non-profit, Verge Center for the Arts. Because nothing says “I’m a serious artist” like being investigated for hacking your own non-profit. 🎨💻
Why Powell was investigated
According to Powell, the Verge board kicked him out after he donated $1 million. They locked him out of accounts, changed passwords—basically, they treated him like a toddler with a smartphone. Then they accused him of using admin codes to take back control. It’s like a soap opera, but with more IT departments and fewer romance novels. 📺💔
At the time, the raid was leaked to the New York Times, which raised concerns over the potential political motivations of the investigation. Powell is known for his unconventional political ideas due to his libertarian leanings. In 2024, Powell personally donated $1 million to then-candidate Donald Trump’s campaign. 🇺🇸💰
He stressed that the crypto industry was “under attack” under the Biden administration, especially by the SEC’s Gary Gensler. At the same time, Trump made a major U-turn on crypto, which he previously called a scam. During his 2024 presidential campaign, he vowed that his administration would make the United States the “crypto capital of the world.” Because nothing says “change of heart” like a billionaire’s checkbook. 🚀💸
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2025-07-22 20:02