Advocate & organizer for race & class fairness in banking, housing, business. Memphis to Madison to DC. Co-owner of the Green Bay Packers. Views my own.
Over 5 million low-income Americans — including at least 1.5 million children — have lost access to food assistance due to Trump's SNAP cuts last year.
Most of the hardest hit states are traditionally Republican, resulting in growing hunger crises in states like Arizona.
15% seems about right. I hope a lot of crypto companies “hedged” its passage. That’s how these prediction markets work right? (Judging by their reaction online, nobody hedged) https://t.co/WAm9xm1u6M
I dipped my toe into the appropriations process to try to answer the question: Is the $600 million authorized by the Clarity Act to help train law enforcement on crypto … real?
Key Democrats say no. The toplines of law enforcement funding are just too tight for that figure.
It ought to be called the CLARITY for What Act because maybe we just don’t need more financial gimmicks that promote a deeply unequal economy like crypto in our lives?
If it had “broad” bipartisan support then it would already have been passed. It does not. And a growing number of Republican Senators have been expressing concerns.
The Senate has had CLARITY for a year.
Since then, lawmakers have negotiated hundreds of pages of changes, reached agreement on SEC and CFTC nominations, and secured unprecedented ethics commitments. The crypto and banking industry have compromised as well.
That’s how legislation is supposed to work. No one gets everything. Everyone gets most of what they need.
At this point, the only thing left isn’t negotiation—it's whether some group will try to stall or block legislation that already has broad bipartisan support.
Millions of Americans own crypto and are watching. It’s time to call the vote.
NEW - Top tax writer Senator Ron Wyden is proposing a new single-digit excise tax on data centers today, aiming for a path for Ds short of a moratorium or federal control of the AI companies
https://t.co/p8vetOcR1d
The only difference between crypto and most other corporate interests is that the cryptos do their bullying and temper tantrums online, in full view of the public. “Give us what we want or we’ll punish you with our money”
When a smart journalist is called a "stenographer" by one of the most powerful people in the world then he or she is usually on to something. Don't miss the analysis from the great @NickTimiraos on the odd yen intervention (link in comment).
@RogueCfpb We agree the Democratic party is messed up, for different reasons. But the idea that the solution is more party control over who gets nominated to make sure they’re electable instead of, you know, letting people vote for it, is the wrong path I think.
@RogueCfpb Like I said, I don’t know. And I can tell by how strongly you hold your opinions, and the certainty with which you believe you can’t be wrong, that you really don’t know.
@RogueCfpb If I’ve learned one thing in politics it’s that We Don’t Know. People prognosticate about who can win and who can’t. Trump couldn’t win, Obama either. My guess is Bernie could have won, as he shows every sign of being the most popular politician in America today. But I don’t know
@RogueCfpb You’re right, except also NOBODY basically talks about the Sudan. Or has a strong opinion about it. Or the Uyghurs. Doesn’t matter your political opinion. Rs don’t talk about those conflicts either.
@RogueCfpb I think it’s relevant to that conversation that it’s not just that people bring up Israel out of the blue. The Middle East is treated as the most newsworthy conflict in the world by virtually everyone, regardless of which side you’re on.