This ethics bill discussion is interesting - at the end Rand Paul literally says that members have to be allowed to own stablecoin because in a few years it will be the *only* way to shop at Walmart or Amazon.
youtu.be/7K5P9VkRAsc?...
@csfrayer.bsky.social
Michael Lewis called me "...a faceless minion in a blue suit..." Director of Investor Protection - Consumer Federation of America. Former: Crypto Adviser to Gensler SEC. House Financial Services and Senate Banking Committees.
This ethics bill discussion is interesting - at the end Rand Paul literally says that members have to be allowed to own stablecoin because in a few years it will be the *only* way to shop at Walmart or Amazon.
youtu.be/7K5P9VkRAsc?...
Tweet where Mark Wetjen announces he has started a job at OKX
Wetjen was the regulatory affairs guy at FTX, in case you want to know which crypto company will implode next.
24.07.2025 16:17 β π 4 π 1 π¬ 0 π 0There's now an 11-day queue to pull your eth out of staking lock-ups. This isn't the lack of liquidity you want to see in an exchange fund. Especially one that does redemption in kind. And offers staking as a service.
You know, things us "morons" didn't allow when I was at SEC.
The height of corruption if not the height of absurdity. Vonnegut please come back and write the book about crypto.
www.globenewswire.com/news-release...
Imagine a spherical cow....
23.07.2025 15:27 β π 4 π 0 π¬ 0 π 0"I've known Fred for a long time. He's a guy that's getting a lot of attention right now." - Trump, probably.
22.07.2025 17:18 β π 1 π 0 π¬ 0 π 0Other negotiation 101 news - crypto already got their votes from House and Senate Dems. There's nothing keeping Fairshake from going after blue seats in 2026 in favor of Republican/MAGA crypto hardliners.
If you sell your soul at least get it in writing.
www.politico.com/newsletters/...
Our media and political leadership still can't figure out how to deal with Trump. It's tragic because there's nothing they need to know that couldn't be learned by reading "If you Give a Mouse a Cookie"
22.07.2025 16:55 β π 2 π 0 π¬ 0 π 0Barr already tried this playbook. It didn't get the administration to back off, they just shifted their ire to Powell.
The Fed thought they could cave on deregulation, climate change, and DEI. But the administration's goal is full compliance. Nothing less will suffice.
Remember when the banks thought MBS vehicles were bankruptcy remote but then they weren't and the off balance sheet leverage sparked a global financial crisis?
www.ft.com/content/7027...
It was fairly predictable and hilarious that after the Senate told the House "we will consider your crypto market structure bill" they immediately dunked on the House's subpar negotiating skills by releasing their own fully-fledged bill.
www.banking.senate.gov/imo/media/do...
βIf we go back to a system with a whole bunch of unregulated #banks being allowed to issue #stablecoins, we will end up with another #FinancialCrisis.β @csfrayer.bsky.social, director of Investor Protection, CFA
#GENIUSAct #Crypto @nbcnews.com
Trustlessness is trust. Trust us.
consensys.io/ethereum/trust
To be clear, we already had laws about private currency. Baking regulators and the DOJ just decided not to do anything about it.
18.07.2025 00:25 β π 1 π 0 π¬ 0 π 0Congrats to the one hundred members of the Democratic caucus who voted for the Trump Crypto Scam Enabling Act.
17.07.2025 21:45 β π 29 π 11 π¬ 1 π 0This is an important win for the FTC and agency independence but it's harder for me to enjoy knowing that Commissioner Slaughter's husband Justin is a crypto peddler who helped get us here in the first place.
17.07.2025 21:44 β π 0 π 0 π¬ 0 π 0Trump is unpopular
Crypto is unpopular
Corruption is unpopular
Trump uses crypto to do corruption and it's unpopular
Over 1/3 Democrats in the House and Senate as well as the Democratic Leadership vote for Trump's crypto legislation
Do they think losing in 2026 gets them first overall draft pick?
Almost every Republican and 1 out of 3 Democrats in the House right now: www.youtube.com/watch?v=nwOD...
17.07.2025 19:23 β π 1 π 0 π¬ 0 π 0The House is voting on two crypto bills teeing up the next financial crisis. If you want to know how, watch this P4D presentation where Nobel Laureate and MIT Prof Simon Johnson, GW's Art Wilmarth, Better Markets' @amandalfischer.bsky.social and I explain.
youtu.be/MQbcQ_MWX94
I mean, why else would there be so much talk about candlesticks?
17.07.2025 03:13 β π 1 π 0 π¬ 0 π 0GAVEL!!
17.07.2025 03:05 β π 2 π 0 π¬ 0 π 0There is a non-zero chance that Khaki Seersuckerman has changed into a houndstooth jacket and black slacks.
Vote could be gaveled right now but technically remains 1 shy of a definitive plurality.
I mean, I never understood how calling people by their preferred pronouns was anything other than basic politeness and yet...
17.07.2025 02:35 β π 2 π 0 π¬ 0 π 0What if I just said "Indiana."
17.07.2025 02:31 β π 7 π 0 π¬ 1 π 0I would say that I was on the panel with Simon
17.07.2025 02:31 β π 4 π 0 π¬ 0 π 0Vote flips are starting to tally.
One can only assume Congressman Seersuckerman has finally leveraged his power over the House Freedom Caucus.
Yea the examples they give are almost always "matinee pricing and early bird specials" which instinctually invokes "awwwwww, grandma" and not "ahhhhh, racism."
17.07.2025 02:07 β π 2 π 0 π¬ 1 π 0Clerk just handed the presiding member of the House chamber a script - something is about to happen re Crypto bill votes
17.07.2025 02:05 β π 17 π 5 π¬ 2 π 2Representative Seersuckerman has exited the floor into the speaker's lobby.
It's been a wild night.
End Transmission.
Important Update π¨
Wild gesticulations suggestive of a fly-fishing cast