Aljo 💹🧲

🪽

[Peter Schiff @PeterSchiff]

Jamie Dimon claims crypto companies that offer interest-bearing products should be subject to same capital and compliance requirements imposed on banks. That's nonsense. Banks are FDIC insured and make risky loans under a fractional reserve system. Stable coin issuers don't.

[Mark Jeffrey @markjeffrey]

Taxi is unhappy with Uber

[Ansem @blknoiz06]

at the beginning of every crypto bull market to create wealth effect + bring back retail attention, you need:

- one crypto major to go parabolic
- one crypto meme to go parabolic

in 2017/18 it was btc & xrp

in 2020/21 it was eth & doge

in 2023/24 it was sol & pepe

[Treasury Secretary Scott Bessent @SecScottBessent]

.@USTreasury is issuing a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea.

This extension will provide additional flexibility, and we will work with these nations to provide specific licenses as needed. This general license will help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries.

It will also help reroute existing supply to countries most in need by reducing China’s ability to stockpile discounted oil.

[10Δ @_10delta_]

Clarity Act is now poised to accelerate the “Bretton Woods 3.0” framework that I’ve talked about.

The yield “ban” is cosmetic & simply something for banks to tout as a victory.

It bans stablecoins from paying you interest for just holding them: the way a savings account does.

But it explicitly allows stablecoins to pay you rewards for using them: buying things, lending, providing liquidity, participating in any program..

Now consider that those rewards can be calculated based on how much you hold & for how long.

I think that’s what we just call interest, but it will now be rebranded under a new name.

So, the implications:

- The fact that there is now a carve-out for stablecoin yield will accelerate the Bretton Woods 3.0 system.

If the ban had been real (no yield in any form) there’s no reason for anyone to hold stablecoins over a bank account. Stablecoin adoption would flatline (especially in Developed Markets) & Bessent’s $3.7T target would be hard to achieve.

This carve out keeps the incentive to hold stablecoins, which keeps the growth flywheel spinning.

- CBDCs can’t compete. No central bank would design its digital currency to pay activity based rewards calculated by balance & duration (too close to monetary policy). However, dollar stablecoins can. So in every market where a CBDC competes against a $ stablecoin, the dollar product is economically superior. The Clarity Act now guarantees that advantage persists.

- The dollar now goes global without permission. The new text allows platforms to pay incentives for payments, remittances, & settlement activity using stablecoins. That’s a subsidy for global dollar adoption funded by private companies (not taxpayers). Meanwhile, increasing Treasury demand in the background.

For example, a Filipino worker now gets a rebate for sending remittances in USDC. There’s an additional incentive for him to now transact in stablecoins, which, unbeknownst to him, purchases American debt behind the scenes. A win-win for global stablecoin users & the American economy (fiscal situation).

The compromise looks like a ban.

But it’s actually a growth mandate.

As I’ve stated, the US government needs stablecoins to scale because it needs someone to buy its debt.

Bretton Woods 3.0

[Department of War 🇺🇸 @DeptofWar]

https://t.co/rzCVvUU3mu

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Elon Musk says SpaceX will provide compute to AI companies that are taking the right steps to "ensure it is good for humanity."

Elon Musk also says SpaceX reserves the right to "reclaim the compute" if their AI engages in actions that harm humanity.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Anthropic has agreed to a partnership with SpaceX that will "substantially" increase Claude's compute capacity and increase its usage limits for users.

Under the agreement, Anthropic will use all of the compute capacity at SpaceX's Colossus 1 data center.

This will provide over 300 megawatts of additional capacity by the end of the month.

Another massive AI deal has arrived.

[Luke Gromen @LukeGromen]

RE: “Weaponizing USD swap lines” - last time the USD system rails were weaponized (2022 Russia FX reserves frozen), CIPS payments more than doubled in 2 years, and gold rose 3x in 4 years.

Let’s watch.

[Nick Timiraos @NickTimiraos]

Warsh opens the hearing by noting that today's inflation is a residual of the Fed's past mistakes

"The Fed missed its mark, and we are still dealing with the legacy of the policy errors in 2021 and 2022."

"Once you let inflation take hold in the economy, it’s more expensive and harder to bring it down."

"The fatal policy error…is still a legacy that we’re dealing with."

Today, "inflation is less problematic."

[Joseph Wang @josephwang]

There is never going to be a Treasury market crisis. At the end of the day, the Fed can always buy it all and set rates to whatever it wants. However, there can be an FX crisis.

[Aljo 💹🧲 @Aljo_Joshi]

@benjamincowen Estimated was 3.4% i think

[Treasury Secretary Scott Bessent @SecScottBessent]

Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance.

It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk.

Senate time is precious, and now is the time to act.

[Peter Schiff @PeterSchiff]

@tomselliott @federalreserve The problem is that Buffet also praised the Fed's monetary policy response to COVID and did not criticize the Fed for its failure to raise rates sooner. Both were huge mistakes.

[Doctor Profit 🇨🇭 @DrProfitCrypto]

Gold has lost 10% in the recent days. This 10% equals the entire Bitcoin market cap. This tells you how small BTC is compared to other assets, and that’s why I will buy big again once the bottom is in. My biggest bet for the next years remains Bitcoin!

[*Walter Bloomberg @DeItaone]

AGING POWER GRIDS POSE SECURITY RISK

JPMorgan warns outdated electricity grids are now a “national security risk,” vulnerable to extreme weather, cyberattacks, and rising energy shocks.

Surging demand from AI, electrification, and industry—combined with geopolitical instability—is straining already fragile systems, creating bottlenecks and supply risks.

The bank sees a “massive” investment opportunity in grid upgrades, with global spending expected to reach $5.8 trillion by 2035, including about $1 trillion in the U.S.

Grids are shifting from neglected infrastructure to strategic assets, as resilience and energy independence become top priorities.

[Polymarket @Polymarket]

BREAKING: The U.S. Government secretly registers the aliens​.gov domain name.

[Inverse Cramer @CramerTracker]

Incredible

[Eric Trump @EricTrump]

Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers.

These banks, and others, pay rock-bottom rates on standard savings (often 0.01%–0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.

Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4–5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying “fairness” and using words like "stability"—when it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.

Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they “pay” you!

Fortunately, the big banks are losing this fight as customers wake up to the games…

@worldlibertyfi

[Jeff Park @dgt10011]

Jamie Dimon: if you want to be a bank, be a bank

Kraken: challenge accepted