Republicans and Donald Trump effectively wiped the map red on Election day, and many are seeing a resolution for MMTLP because of it.
In was a decisive win for the GOP, or probably better called MAGA now. The Presidency was decided without doubt, Republicans took control of the Senate, and the House is likely a GOP victory as well.
Why is the community hopeful? With little exception, Republicans have been far more friendly to the MMTLP cause over the last 700 days.
The open letter from congressional members was lopsidedly signed by more Republicans than Democrats. I could never even get a call back from my Democratic local representative.
And we know of two major allies in government after these election results.
JD Vance, who signed an MMTLP letter previously, will soon be the Vice President. That’s some clout for our case.
In addition to this, Chris Rose won his Senate seat in West Virginia. Chris was a great supporter of the MMTLP case while running for office, and he’s even indicated after winning he has our back.
And then there’s the fact that Donald Trump had his own company stock, DJT, short-sold to death. Say what you want about Trump, but since it happened to him and his pocketbook, he’s likely to seek a resolution for naked short-selling during his term. And it would seem unheard of for him to work on DJT stock without solving MMTLP as well.
And finally, Donald Trump’s right-hand advisor is now Elon Musk. Tesla has suffered severe abusive shorting over the years as well. Musk has mentioned this in the past. I’d bet that an investigation into Tesla shorting is also on the horizon.
Trump was previously in control of the White House. And nothing happened to alleviate naked shorting. But this time it’s different. This time, he himself has been affected. That might just be the stars aligning for an MMTLP resolution and, finally, some justice for shareholders.
Also, don’t forget Trump has promised to fire Gary Gensler on Day 1.
I wouldn’t want to be Ken Griffin right now, either.
Let’s see how this one plays out.