National Archives To Release Hundreds Of Emails On Hunter Biden Unless White House Intervenes

The National Archives and Records Administration (NARA) intends to release hundreds of emails referencing Hunter Biden and his foreign business deals unless stopped by the White House.

NARA executive Susan Donius sent a letter to the White House late last month warning that the records agency is preparing to release emails in response to an open records request unless the White House intervenes. The emails are from 2014 when President Joe Biden served as vice president to former President Barack Obama.

Both men’s respective legal teams have been notified and given 60 days to assert privilege over any of the information slated to be released in accordance with the Presidential Records Act, according to Insider, which first reported the existence of the NARA letter.

The letter references a slate of Freedom of Information Act (FOIA) requests. One of those requests focused on records related to the president’s son Hunter and brother James and their foreign business dealings. NARA is preparing to release 185 emails in whole and 75 others with redactions in response to the request.

“The Biden Vice Presidential records to be opened are email messages from May 2014 to December 2014 that include the company name ‘Burisma,’” a summary of the FOIA request says.

“Several of the email messages are press inquiries regarding the announcement of Hunter Biden joining the board of directors of Ukrainian energy company Burisma Holdings Limited in May 2014 and the Office of Vice President’s responses to those inquiries. There are also email messages containing news articles compiled by White House staff which include articles referencing Hunter Biden and his role with Burisma,” it continued.

Hunter Biden joined the board of Burisma in 2014 despite lacking any experience in the energy sector. He made as much as $83,333 a month for the role. His role at the company set off speculation that Burisma brought on the Biden scion to gain influence with the Obama administration. At the time, then-Vice President Biden was heading the Obama administration’s Ukraine policy.

Hunter Biden said in a 2019 interview that being a member of the Biden family has likely allowed him to take advantage of many opportunities he would not have had otherwise. He later claimed in his 2021 memoir “Beautiful Things” that he did nothing wrong in taking the job with Burisma, but the trouble it has caused for his family, especially his father, was not worth the pay.

“Did I make a mistake by taking a seat on the board of a Ukrainian gas company? No. Did I display a lack of judgment? No. Would I do it again? No. I did nothing unethical,” he wrote.

President Biden has repeatedly claimed that he never spoke with his son about Hunter’s foreign business dealings. That claim was seemingly contradicted in June by the release of a 2018 voicemail found on Hunter’s abandoned laptop.

“Hey pal, it’s dad. It’s 8:15 on Wednesday night. If you get a chance just give me a call,” President Biden, then out of office, told Hunter in the recorded message. “Nothing urgent. I just wanted to talk to you. I thought the article released online, it’s going to be printed tomorrow in the Times, was good. I think you’re clear. And anyway if you get a chance give me a call, I love you.”

The voicemail references an article from The New York Times on dealings Hunter had with a Chinese businessman, Ye Jianming, the chairman of the Chinese energy giant CEFC.

Elizabeth Warren And Kevin O’Leary Clash On Regulating Crypto

Sen. Elizabeth Warren (D-MA) and celebrity investor Kevin O’Leary clashed during a Wednesday hearing of the Senate Banking Committee discussing new federal regulations on cryptocurrency following the collapse of digital asset exchange FTX.

The company filed for bankruptcy last month after users learned that the venture’s assets were commingled with sister firm Alameda Research; both were controlled by Sam Bankman-Fried, who was arrested this week in his luxury apartment in the Bahamas and charged by American officials with various types of fraud.

Warren, a longtime skeptic of the nascent cryptocurrency industry, remarked that criminals and state sponsors of terror use the tokens for money laundering. She asked O’Leary whether “the potential benefits of crypto are so promising that we should accept weaker anti-money laundering rules and weaker compliance from crypto firms than we require from banks,” causing the “Shark Tank” personality to balk.

“No, I think we should apply the same regulatory structure that we apply to existing trading of stocks and bonds. An exchange is tied to broker-dealers,” he replied. “That is not complicated; it’s already been implemented in other countries. And so and I take issue, senator, with your concept that it makes it easier to do money laundering. Currencies have been used for drug trafficking schemes since the sixties and the American dollar when it was thrown out of a Piper aircraft in a duffel bag. The American dollar is also used by bad actors all the time.”

Warren stressed that she believes “the same rules against money laundering” should apply to “crypto in the way that they apply to banks, to stockbrokers, to credit card companies.” O’Leary responded that investors can solve the problem of money laundering “overnight” if they know “client rules on both sides of the transaction and use a crypto such as USDC that is regulated.”

O’Leary was paid more than $15 million in equity and digital assets to serve as a celebrity brand ambassador for FTX; the entrepreneur lamented during a recent interview that he succumbed to “groupthink.” He testified before members of the Senate that he expects to lose the entire compensation package, even though he believes the industry has upside potential.

“The collapse of FTX is nothing new. While this situation is painful for shareholders, employees, and account holders, in the long run, it does not change this industry’s promise,” asserted the entrepreneur, who still has investments in other cryptocurrency companies. “Enron came and went and had no impact on the energy markets. Bear Stearns and Lehman Brothers’ demise had no impact on the long-term potential of American debt and equity markets.”

O’Leary is one of several celebrities who were hired by Bankman-Fried in a marketing blitz that occurred as the company became increasingly strapped for cash. The would-be cryptocurrency wunderkind solicited multiple cultural icons, including Tampa Bay Buccaneers quarterback Tom Brady and his supermodel ex-wife Gisele Bündchen, to work as brand ambassadors; many of the influencers are now defendants in a lawsuit asserting that they participated in a “fraudulent scheme” designed to fool unsophisticated investors.

A complaint from the Securities and Exchange Commission against Bankman-Fried alleges that he used commingled funds for “undisclosed venture investments, lavish real estate purchases, and large political donations.” The disgraced startup founder, who has been denied bail due to the flight risk he poses, could spend more than a century in prison if convicted on all counts.