Democratic leadership is failing to stop crypto lobbying
βBut here's what really pisses me off. Of course, the Republicans are going to vote for it. But 100 Democrats voted for it as well, including Chuck Schumer, including Hakeem Jeffries, including my congressman, Dan Goldman, who is a rich dude who inherited a lot of money and certainly should know better.β
βDonald Trump is polling. I saw polls in the low 30s today. I don't know if they're right, but that's crazy numbers. You go to those Republicans, go to that Thomas Massie, you say, become an independent caucus with us and we will support your re-elect. There is no reason that this should be a Republican house right now.β
Cryptocurrency remains a highly centralized Ponzi scheme
βWhat is that in sort of the basic economic, an investment scheme with no product is a Ponzi scheme. I do not know what to tell you. Yes, this one has gone on a very long time. Yes, it has gone up and down and it was up and now it's down a bit, but it's still up from where it was in 2022, sort of barely.β
Trump uses social media for blatant market manipulation
βHe's engaging in market manipulation on a daily basis, whether it's by going on Fox or putting out a social post or talking to a reporter who happens to call him at Monday morning at 7:45 AM, before the market's open. It's pretty clear what's going on here. I think the events are just going to take care of themselves here.β
The Clarity Act weakens essential financial regulations
βThe Clarity Act is going to put crypto under the supervision of the CFTC. This weak agency that has historically been much more favorable to crypto. It's going to treat it as a commodity rather than a security. The reason that crypto doesn't want to be treated like a security is that securities laws are predicated on disclosure.β
βThere are definitely people dying in ICE facilities. We just don't know. We just don't have transparency on it. We just don't. That's it. There are people dying in ICE detention centers. We know this to be true. We've seen some reporting on this, but really, we don't know.β
βI guess it makes sense that they would find for the oil companies because this Supreme Court is filled with partisan hacks. But they do like Louisiana because it is a red state. So that was the only reason why I thought they might. But in fact, they are just partisan hacks. So very unsurprisingly, there we are.β