Brian Kieta

[Patrick Witt @patrickjwitt]

The world won’t wait on America forever. We can either lead the way on digital assets by passing the Clarity Act, or watch as someone else sets the rules of global finance for us.

[Rand Paul @RandPaul]

Requiring an ID and proof of citizenship to vote is common sense.

It’s time to pass the SAVE America Act. RT if you agree.

[Rick Scott @SenRickScott]

The Senate has only been in session about 40% of the time this year so far, and there is a lot more to get done.

Hardworking Americans work 5 days a week, and the people who represent them should too.

We should not leave here until we pass EVERY single piece of legislation that we need — especially the SAVE America Act.

[John E Deaton @JohnEDeaton1]

Ethics in Washington - or the lack thereof - has been an issue for decades. I thought it was wrong and unethical when Vice President Dick Cheney awarded Haliburton a multibillion dollar contract for the Iraq War, despite Cheney (its former CEO) still being on Haliburton’s payroll.

I thought it was wrong and unethical when the @ClintonFdn accepted bribes - I mean donations - from foreign countries or nationals while @HillaryClinton served as Secretary of State. The same people who donated were granted meetings and access with Clinton.

Buying access to our government is an industry itself. During the @SBF_FTX trial we learned that Sam donated $10M to the Biden Administration for the purpose of obtaining “access to regulators.” It worked. He met with Gary Gensler privately twice and was rumored to have cut a deal with Gensler and the Administration just prior to FTX blowing up. He testified before Congress and was blown kisses 😘 from @RepMaxineWaters.

I thought it was wrong and unethical for @HunterBiden to be flown to China on Air Force One with his dad @JoeBiden - the President of the United States - to have meetings with foreign nationals and foreign companies.

And yes, I believe it is wrong and unethical for the President to have a Meme Coin wherein foreign investors can gain access to the President. I believe it is wrong and unethical for the President’s sons to invest in companies who then are awarded defense contracts and government guaranteed loans.

The fact that politicians go to Washington broke and within a decade become multimillionaires because of insider trading is wrong and unethical.

Whether it’s @SpeakerPelosi @sethmoulton or @EdMarkey or a number of Republicans who make millions off investing in companies they oversee while sitting on Congressional Committees - it is wrong and unethical.

The truth is: we’re living in the Corruption Era.

But you don’t shut down an industry or refuse to pass a law because one side seems to be better at cashing in on Washington Grift than the other side. How about you just start enforcing conflict laws and avoiding appearances of impropriety all together? Write a bill that bars these conflicts.

One thing for sure: People like @ewarren @sethmoulton & @EdMarkey hate @realDonaldTrump a lot more than they love America.

[Rep. Anna Paulina Luna @RepLuna]

If SAVE America is stripped out in the Senate, the blame will fall solely on John Thune.

There’s a little thing in the Senate known as the “amendment tree.” It determines the maximum number of amendments that can be offered to any given bill. If Leader Thune deliberately “fills the tree,” he can block individual Senators from offering additional amendments—such as one to keep SAVE America attached if it is stripped out.

Going based off his comments so far, Thune is planning to do this with the NDAA by offering his own version of the NDAA that does not include the SAVE America Act and “filling the tree.” He would probably plan to do the same with any other House-passed bills that include SAVE America.

He is actively working against an issue that 80% of Americans support. Shame on him.

[Dom Kwok | EasyA @dom_kwok]

market cap does not apply to crypto.

in fact, i'd go as far as to say it's completely irrelevant.

i spent my undergrad @wharton studying valuation and later on wall street at @blackstone and @goldmansachs.

i've valued hundreds of assets across every major industry.

understandably, many of you have asked for my thoughts on why "market cap" does not matter.

so here's why:

1. stock vs crypto market caps (an apples to oranges comparison).

the most common mistake people make is comparing the market cap of a stock to that of a token. many people claim that X token can't reach Y market cap because it would be worth more than Apple or Nvidia - quelle horreur!

to understand why this is incorrect, it's important to note how market cap is measured differently for stocks vs crypto.

stock market cap = share price x no. shares outstanding

crypto market cap = token price x circulating supply

as you can see, you're measuring two entirely different things:

- stocks generate revenue, cash flow and represent ownership in an underlying company. a stock price is (typically) derived by discounting the company's future cash flows to find a present value.

- crypto (much like commodities) is valued by its utility, supply / demand, and how much it's being used on a particular blockchain network. utility tokens are not designed to be bought and held. they're designed to be used to pay gas fees for conducting transactions on a blockchain network.

therefore, comparing stock and crypto market caps inevitably yields non-sensical results. it's like arguing whether lionel messi or michael jordan are better athletes.

it's also why comparing the market cap of bitcoin to that of a company (ie walmart) makes no sense; bitcoin generates no revenue and has no physical value, yet its market cap greater than walmart's.

2. crypto market cap reflects the total monetary value of a digital network (ie blockchain).

unlike a company, tokens can't be valued by discounting future cash flows (most do not generate meaningful revenues). instead, their value (much like gold) comes from the market deciding what they're worth and their usage.

so as demand increases, price increases (often regardless of traditional fundamentals like revenue, EBITDA etc).

3. fixed supply vs non-fixed supply

fundamentals aside, crypto market dynamics (which more closely resemble those of commodity markets vs stocks) also make "market cap" is a misleading metric. given the absence of strict fundamentals, price is largely determined by supply and demand.

most importantly, but not limited to, two main reasons:

- crypto (much like commodities) has a (mostly) fixed supply. this means that following any sudden increase in demand, price will increase suddenly due to the fixed supply (also known as a supply shock).

- stocks, on the other hand, have a non-fixed supply. big run-ups in price are typically met with "secondary offerings", whereby companies issue more stock at the higher price to capitalise on the increased demand and raise money at better terms.

this is an important but subtle difference that means crypto market caps can balloon far beyond what would be considered realistic. anyone remember tulipmania, where one tulip became worth as much as a mansion in amsterdam?

4. market cap multiplier

perhaps the most nuanced point of all, and contrary to popular belief, reaching a market cap of $1 trillion does not actually require people to invest $1 trillion. in reality, the amount of fiat invested into the token is only a fraction of its market cap.

thanks to the multiplier effect, $1 of new capital invested could increase the market cap of the token by multiples of that number.

so while it might sound smart to bring up "market cap", it's a misnomer when it comes to crypto (or pretty much any new technology - see $SPCX and other AI companies!).

[Brian Kieta @BrianKieta]

@RepLuna How can this guy “John Thune” have the power to single-handedly thwart such an important piece of legislation for our country? I feel like I’m taking crazy pills watching all of this go down.

[Rep. Anna Paulina Luna @RepLuna]

If you are not an American, you do NOT get to vote in our elections.

Now that Congress is back in session it’s time to secure our elections.

LUNACORE: ACTIVATED 😎

[ThePersistence @ScottPresler]

5 Republican Senators cannot remove Senate Majority Leader Thune.

It takes 5 Senators to force a party conference meeting,

but it would require 27 Senators to remove him.

Instead, we will primary a laundry list of incumbent Republican Senators in 2028 if they don’t give us the SAVE America Act.

Thank you, Texas & Louisiana.

[SKI @skiistiredasf]

He was burning alive, yet he kept re-entering the burning Bradley Fighting Vehicle until all six soldiers and the Iraqi interpreter were safe. Burns covered 72% of his body. His first words were, ‘How are my boys?’ He died three weeks later. It took 16 years for him to receive the Medal of Honor. HIS NAME IS SERGEANT FIRST CLASS ALWYN C. CASHE, NEVER FORGET!!!

[Bryan Beal 🎧 @bryanrbeal]

The fact this one dude - by himself - can walk into any state and find blatant fraud everywhere he goes proves two things: 1) the fraud is rampant at an unprecedented scale and 2) the government agencies who are supposed to protect our tax dollars are either completely incompetent or complicit in the fraud.

[Mila Joy @Milajoy]

JD Vance needs to FIRE the Senate Parliamentarian.

If he does, the SAVE America Act can be added to the budget bill, which only needs 50 votes.

VP JD has full authority to do so.

The last time a VP overrode the Parliamentarian was 51 years ago.

It's time.

[Rep. Anna Paulina Luna @RepLuna]

If we don’t have Voter I.D. we don’t have a nation.

[Nick shirley @nickshirleyy]

🚨 Here is the full 53 minutes of my crew and I exposing New York fraud, we uncovered over $190,000,000 in fraud as these fraudsters use the elderly and needy to commit fraud through adult and personal home care scams in NYC. Your tax dollars are paying for elderly Koreans and Chinese to play ping pong and do tai chi, while the fraudsters give $ kickbacks to those who enroll. Like it and share this video, the fraud must STOP.

We ALL work way too hard and pay too much in taxes for fraudsters to steal from our pockets. These fraudsters have been able to defraud American taxpayers for years without any pushback from the public and politicians. Time is up.

EXPOSE IT ALL AND END THE FRAUD.

[jay plemons @jayplemons]

Nick Shirley uncovers an adult day care in Flushing, Queens with 7,000 phantom members.

Nick: “This public document says you have 7,899 members.”

Employee: “No, we don’t have 7,000 members.”

Nick: “So you’re overbilling then? You’re getting paid $1,600 per patient — that’s how you got $12.9 million in 2024.”

Employee: “Please leave.”

American taxpayer dollars at work.

[Libs of TikTok @libsoftiktok]

IT GETS WORSE

Fort Worth police officer says that calling a biological male a "sir" is a "grey area" and that he would potentially ticket @wfcpreacher for "offending" a man pretending to be a woman.

The cop then says he WOULD NOT ticket the LGBTQ activists for offending the preacher by marching around half-naked men in front of children.

"Unfortunately, there's not much on our side to do anything about it"

This is absolutely INSANE. These cops are supposed to enforce the LAW.

[Eric Daugherty @EricLDaugh]

🚨 UPDATE: This Fort Worth TX police officer is facing mass demands to be FIRED after she issued a citation warning to a Christian preacher for "OFFENSIVE SPEECH"

This is AMERICA, not Europe!

She straight up claimed: "If someone is offended by your talking, WE HAVE A PROBLEM!"

The man, a retired cop, fires back: "That is a constitutional violation!"

Officer: "If they're offended—"

Man: "I don't CARE if they're offended."

Officer: "OK, we'll right you a TICKET!"

OUTRAGEOUS!

[Brian Kieta @BrianKieta]

@bgarlinghouse HECK YES!

[Senator Cynthia Lummis @SenLummis]

This is likely our last chance to get real legislation for digital assets on the books before 2030. If we fail to pass the Clarity Act, we are ensuring another country will write the rules for digital assets and we spend the next decade catching up.

[Mike Lee @BasedMikeLee]

Through whatever means—nuking the Zombie Filibuster, enforcing the Talking Filibuster, a creative use of budget reconciliation, or otherwise—the Senate MUST pass the SAVE AMERICA Act.

We’ve crossed the point of no return.

Failure is not an option.