🚨 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.
@SenatorTimScott It is not the banks job to decide if we should get yield on stablecoins or not and they do not write the laws. Banks have been screwing over we the people for years and its time the tables turn. Listen to what the people want and deliver it to us. THAT IS YOUR JOB
🚨NEW: The @USOCC issued a proposed rule to implement the GENIUS Act today and is seeking public comment.
The framework would establish ground rules for permitted and foreign payment stablecoin issuers under OCC supervision, along with certain custody activities.
Comptroller Jonathan Gould says the goal is a system where stablecoins can “flourish in a safe and sound manner.”
Not included: BSA/AML & OFAC provisions. Those will be addressed separately in coordination with Treasury. ⬇️
@MosabHasanYOSEF Wrong. There's literally maps of Palestine in the 19th century and dating even further back than that. You people need to do research instead of just saying silly shit for the sake of your "Israel".
Dear @realDonaldTrump, If it’s not too much trouble, we would like to see the IRS & SEC investigate how all of our politicians become multimillionaires on a govt salary. Actually, we all know how they do it. We’d just like something done about it.
Sincerely,
The American People
RFK finally said the quiet part out loud.
The CIA interfered in the 2020 election in broad daylight and we all know it. Indisputably. Factually.
Zero consequences.
Zero accountability.
A Man Caught His Wife With Another Man And Shot Him. He Then Proceeds To Take Himself Out As Well. Who’s In The Wrong In These Types Of Situations? 🤨 Did Either Men Deserve To Lose Their Life? 🤔