@WhiteHouse When are we going to start doing more for Law Enforcement nation wide?
They put their lives on the line everyday, are disrespected daily, and are political pawns. They work long hours, overtime, and continue showing up to make sure communities are safe.
It’s time!
before crypto, i worked at some of the top firms on wall street, @GoldmanSachs and @blackstone.
and from speaking to many of my ex-colleagues on wall street, i can confidently say that big banks have never been more scared of crypto eating their lunch.
in fact, they're so scared, that jp morgan, citi and others are planning to launch their own tokenized deposit network to compete with crypto.
but if you like crypto, you won't like the banks' alternative. in fact, you'll want to steer well clear.
here's why:
- with their network, you won't own your money
if the bank fails or faces a run, you lose your tokens (just how you would with your fiat). the main beauty of crypto is that you hold your private keys so you are fully in control of your own money (no one can freeze it).
- it's a permissioned, closed network
access to their network still requires the banks' permission. unlike public blockchains, which are permissionless and let anyone participate.
- run by the banks who've been campaigning against crypto
their network will be run by The Clearing House (payments company owned by JP Morgan, Citi, BofA and other big banks). do you really think they have the consumers' best interests at heart?
- no privacy or transparency
the beauty of crypto is that you can make transactions without a middleman and no one can freeze your funds. however, every transaction on the banks' network will be subject to their oversight and must fall within their KYC / AML processes. this means governments and banks can still freeze your funds for whatever reason they want.
- designed to keep the banks in full control
they want a system that will let them keep their fees and revenue model. stablecoins threaten to pull billions in deposits away from banks - this is their last ditch attempt to stop that.
- limits defi innovation
by controlling their own permissioned blockchain, banks prevent users from using other blockchain protocols that could allow them to get higher yields etc (one of the main attractions of defi for many users).
🚨 The banking cartel is in full panic mode. 🚨
While Americans were celebrating Mother’s Day with their families, the CEO of the American Bankers Association sent a frantic alert to every bank CEO in the country, demanding “immediate engagement” to lobby Senators and kill stablecoins that would finally let everyday Americans earn real yields on their own money.
This line in the letter sticks out: “we believe committee members may not be fully aware of the risks to the economy by the stablecoin loophole.” That’s both intellectually dishonest and simultaneously demeaning. First, there is no “loophole.” This entire issue was litigated during the GENIUS Act debate. @BillHagertyTN worked tirelessly on this issue and this statement is an insult to his and others work.
For decades, these banks have treated your deposits like their personal piggy bank, paying you next to nothing while lending YOUR money out for massive profits and executive bonuses.
During the Biden era, these same banks worked hand-in-glove with @SenWarren and her allies to debank Americans, including President Trump’s own family. They shut down accounts of conservatives, patriots, and anyone who dared challenge the regime, all while regulators applied pressure under schemes like Operation Choke Point 2.0. It wasn’t about risk. It was about political control.
Now that innovative stablecoins threaten to break their monopoly and give you actual financial freedom? They’re running to Congress again, screaming about “threats to economic growth and financial stability.”
Translation: Protect the racket at all costs.
The Senate Banking Committee votes on landmark crypto legislation this Thursday.
As a member of that committee, my message is clear:
Hands off the people’s money. Let Americans choose real competition and better returns. No more shielding Wall Street from the future. The banking elite’s days of rigging the system and debanking their political enemies are over. Innovation, freedom, and the American people will win.
I’m voting to break the cartel.
Blows my mind people still think this is normal. Americans are drowning in debt, living paycheck to paycheck, and hoping the system fixes itself.
It won’t. If liquidity doesn’t open up and rates stay high, the middle class doesn’t just struggle. it gets squeezed out.
Quietly. Then all at once.
The stock market is inflated. Private credit is fragile. And most people are fully exposed with zero protection.
But here’s the part nobody wants to hear. The 1% isn’t scared. They’re preparing.
They don’t “buy and hold” blindly. They sell into greed, stack cash flow, build protection, and wait.
Then when fear hits. they deploy.
While the average person is hoping their 401k recovers,the 1% is buying the collapse.
What you call retirement. they call inventory.
This isn’t conspiracy. It’s cycles.
And if you don’t learn how to operate in both. you become the exit liquidity.
I wonder how a future Democrat administration will handle stablecoin rewards. And developer protections. And DeFi. And the line between digital commodities and securities. Etc.
Block passage of the CLARITY Act to find out!
@Ilhan You weren’t born in the United States, so therefore you shouldn’t have a say in what we spend our money on. You shouldn’t even be in congress. You should try to make your country better, before coming here to try and fix ours.
@RepValHoyle You can go to the DMV and get a new ID card or drivers license if need be. It’s not rocket science. It’s called being a responsible adult. Democrats will find every excuse to cheat.