Trump stands to profit from a $2 billion bitcoin bet as the crypto industry pushes through bills aimed at bolstering the sector
Trump is seeking to direct Americans' retirement funds to a sector in which he and his family are heavily invested.
The House has passed the GENIUS Act stablecoin bill, sending it to Trump's desk where he will sign it. They've also passed the CLARITY Act crypto market structure bill and the Anti-CBDC Surveillance State Act, both of which still need to go to the Senate.
During the last act of Cabaret, I wanted to scream at the characters to leave Berlin because I know what disasters await them just years away. I don’t know if I’m being naïve or wise for thinking that what’s happening in our state now isn’t an early warning sign telling me and everyone I love to leave while we still can. I don’t know if staying is the ultimate act of defiance and joy in the face of people who wish to erase me and my friends and the beautiful life we are building.
It's no coincidence that the Fairshake crypto super PAC has timed its press release announcing they have $140 million ready for the midterms as Congress is considering three crypto bills during "Crypto Week". Pass our bills, or we will spend millions against you in the midterms.
“I would just say that a lot of these guys are really feeling their feelings right now,” said one operative who advises big-money donors. “They are showing up late to this and are unaware of the expertise they don’t have, and they are not behaving rationally.”
Crypto firms hope putting a blockchain veneer on traditional equities will allow them to sidestep lessons learned in the 1929 Wall Street crash, crypto firms look to become banks, and Congress celebrates crypto surveillance while claiming to outlaw it
What Would You Do? Of course we would stand up for what was right. Of course we would hide the fearful and innocent targets of the regime in our attics and crawlspaces. Of course we would oppose the dictator, join the resistance, maybe… sabotage a bridge??? It’s unclear which bridge or how that would help, but surely we would know these things when and if that unthinkable day came. We would be ready, and we would resist. And now, here it is. As Donald Trump laughed and mugged for cameras in front of the chain link fences of Florida’s new concentration camp, as Kristi Noem and Ron DeSantis joked in front of the kennels they had built for human beings they planned to abduct and confine there, human beings they planned to starve and torture there, what I did was: paint my bedroom. What Would You Do? I would carefully scrub the accumulated decades of grease off the old paint with TSP, making sure to rinse well so as not to leave a residue that hampers adhesion by the new paint. I would cut in with a 2 ½“ angled brush around all the window and door trim. I would listen to podcasts while I shuffled along the baseboard on my knees, pausing occasionally to stretch my aching back. I would make hot dogs for lunch and eat them while reading posts on Bluesky about the passage of a bill through Congress that will ramp ICE funding up to levels competitive with other countries entire military. I would text my wife in New Zealand that things back home are pretty bad, and I don’t know what to do.
today's utterly unsurprising news
Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat