🚨ICYMI: The coveted role of Treasury Secretary still has not been announced. Will internal lobbying from @howardlutnick convince @realDonaldTrump to give him the job?
https://t.co/DjuTNGuN50
You know the wind is changing when former @SECGov enforcement attorney and frequent criticizer of the #crypto space @JohnReedStark is making statements like this. 👇🏼
🚨NEW: Newly minted Senate Majority Leader @SenJohnThune was one of the sponsors on the the Senate AG’s original bill that aimed to expand the @CFTC’s jurisdiction over digital assets.
He’s very pro-#crypto.
🚨NEW from me: Howard Lutnick making push for Treasury job, setting up battle with leading contender Bessent
Lutnick is said to be "campaigning hard" behind the scenes to get the coveted role, leading to a stall in the announcement from Trump world.
https://t.co/DjuTNGuN50
Is it just me or is it a tiny bit ironic that the #crypto industry spent over $40 million to oust @SenSherrodBrown only for him to be replaced with @SenWarren on the banking committee?
🚨NEW: @SenWarren is now all but guaranteed to be the Ranking Member on the Senate Banking Committee next year as @SenSherrodBrown exits and @MarkWarner confirms he plans to stay on the Senate Intel Committee.
@SenatorTimScott will be the likely choice for Chair.
Trump would likely take it to the courts if @GaryGensler doesn’t go willingly and he would then be paying legal fees out of his own pocket.
Same with Jerome Powell, who has already said he won’t leave if Trump asks him to. It’ll be an expensive battle to stay.
Trump’s leading pick for Treasury Secretary — billionaire hedge fund investor Scott Bessent — is very pro-crypto, particularly pro-Bitcoin.
Some recent statements:
“I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican Party, crypto is about freedom and the crypto economy is here to stay.”
“I think everything is on the table with Bitcoin. One of the most exciting things about Bitcoin is that it brings in young people and those who have not participated in markets before. Cultivating a market culture in the US, where people believe in a system that works for them, is the centerpiece of capitalism.”
Lots of focus on who @realDonaldTrump will choose to appoint to the @SECGov.
But who is appointed to the @CFTC will be equally, if not more consequential for #crypto, I’m told.
🚨NEW: Here’s where Fairshake and its affiliate super PACs Protect Progress and Defend American Jobs stand right now with wins and losses with respect to spending this election cycle (which is still ongoing):
📌52 wins
📌1 loss
📌4 losses in the primary elections
📌5 races still pending: 3 currently losing, 2 currently leading as of this post
@JamesDelmore1
🚨NEW: Democrat incumbent from Colorado @RepCaraveoMD was one of the few losses Fairshake super PAC had this election.
Fairshake spent more than $2M in ads supporting Caraveo, who conceded her race to GOP opponent Gabe Evans this afternoon. GOP now closing in on House majority.