Black Muddy

[Tyrann Mathieu @Mathieu_Era]

DREW ORLEANS !!!!

[Senator Cynthia Lummis @SenLummis]

My statement on Clarity Act⬇️⬇️

[The Wolf Of All Streets @scottmelker]

Senate Democrats - “the Clarity Act ethics provision is too weak, we won’t allow Trump to profit from crypto.”

Do they realize that not passing the Clarity Act allows Trump to…. continue to profit from crypto?

[James E. Thorne @DrJStrategy]

Bitcoin: priced by politics, not scarcity. This can’t last forever.

At a time when advanced economies are running structurally large deficits and public debt trajectories are drifting further from sustainability, the case for scarce, non-sovereign stores of value should be strengthening.

Bitcoin, with its fixed supply and independence from political discretion, is the purest expression of that thesis. Yet it remains curiously subdued.

This is not because the macroeconomic argument has weakened. If anything, it has become more difficult to ignore. Currency debasement is no longer theoretical, it is embedded in fiscal arithmetic. What has changed is the willingness of institutional capital to express that view.

The constraint is political. In the United States, an increasingly adversarial regulatory climate, personified by Senator Elizabeth Warren’s campaign against the crypto industry, has introduced a new kind of risk premium. Large asset managers are not questioning Bitcoin’s design, they are questioning the cost of being seen to endorse it.

This distinction matters. Bitcoin does not require legislative approval to function. Its monetary properties are not contingent on the passage of the Clarity Act or any other regulatory framework. The network will continue to operate exactly as designed, indifferent to Washington’s posture.

Markets, however, are not indifferent. The marginal buyer today is a regulated institution, and regulated institutions are acutely sensitive to political signalling. As a result, price discovery is being shaped less by macroeconomic reality than by regulatory ambiguity.

The prevailing narrative, that Bitcoin’s next advance depends on the end of a “war on innovation,” misstates the issue. Innovation is not what is at stake.

Capital formation is. Without clear rules, capital hesitates, even when the underlying thesis is intact. The Clarity act has nothing to do with Bitcoin.

The deeper implication is uncomfortable. Bitcoin’s muted price action is not a rejection of the debasement argument, it is evidence that markets are discounting political risk more heavily than monetary risk.

That may prove to be a miscalculation.

Bitcoin does not need regulatory clarity to endure. The United States needs it to compete. In its absence, the system drifts into a peculiar equilibrium, one in which investors privately acknowledge fiscal realities while publicly pricing as though they do not.

As M2 expands and sovereign debt compounds, an asset defined by perfect scarcity sits sidelined, not by flawed design, but by institutional timidity, waiting for markets to accept that neither political intimidation nor legislative inertia can suspend arithmetic indefinitely.

The insanity that Team Warren is holding US industrial policy hostage is one thing. The lack of independent research by Wall St is another.

[John E Deaton @JohnEDeaton1]

It is quite clear that @JerryMoran is just one more bought and paid for career politician. As the Republican Nominee for MA let me be clear - a U.S. Senator’s job is NOT to protect incumbent businesses from disruption. Unlike this guy, I’m a true capitalist. Either incumbents adapt to the new technology, or they die. The banking industry has been one of the most predatory industries known to man. And it’s career politicians like @EdMarkey and Jerry Moran who continue to bailout banks even after they commit fraud against the American people. Shameful.

[Vivek Sen @Vivek4real_]

BREAKING: 🇷🇺 PRESIDENT PUTIN JUST OFFICIALLY SIGNED THE CRYPTO MARKET STRUCTURE BILL INTO LAW IN RUSSIA

RUSSIA IS NOW WINNING OVER THE USA

THE RACE IS ON 🚀

[John E Deaton @JohnEDeaton1]

In the meantime, in the United States 🇺🇸 you have bank puppets (eg, @HawleyMO)….I mean US Senators, literally working to prevent Clarity from happening in America.

[John E Deaton @JohnEDeaton1]

The banking industry has many of these clowns in their pockets. Hey @HawleyMO, since when is capitalism about protecting incumbents from disruption? Here’s an idea: either an industry adapts with the innovation or it dies. I didn’t realize it was your job, as a U.S. Senator, to protect the incumbent banking system.

[Cynthia Lummis 🦬 @CynthiaMLummis]

If Dems kill it, they own its demise.

Put policy before politics! Let’s vote.

[Jeff Ross @FormerDrJeff]

Normies can't help but to focus on money's role as a medium of exchange.

We live in a Consumption-based society after all.

But what most fail to grok (or acknowledge) is that the core feature of Money--and all of Finance, really--actually revolves around Purchasing Power.

IMPORTANT: The Creation and Control of money are the proverbial Keys to the Kingdom.

Whoever Creates and Controls money also has the ultimate say regarding the Purchasing Power of its Users (or Participants).

When the State Creates and Controls your money, they get to decide how much--if any--of your Purchasing Power they will confiscate over time.

And...

Since the ability to confiscate (aka, "steal") our Purchasing Power via the Creation and Control of money is nearly irresistible, the State chooses this option... every time.

Always. Without fail.

Until the State grows so large relative to its underlying People's waning Purchasing Power, that the State fails.

This has happened time and again throughout recorded history.

And it's happening again.

Right now. Across the Modern World.

But especially in Europe, the United States, and Japan.

These countries have accumulated so much debt--that is, they have borrowed, taxed, inflated, stolen, and spent their countrymen's Purchasing Power--and have grown so large, that their citizens' Purchasing Power is no longer able to sustain their grotesque girth.

Bitcoin--for the first time in recorded history--changes this dynamic.

It puts the Creation and Control of money directly and irrevocably into the hands of the People.

This means that the People get to remain in charge of their Purchasing Power--not the Aristocrats--for the first time in recorded history.

This is why it is Critical to keep the Bitcoin Network Decentralized and Secure... well away from those who would like to manipulate it to regain and restore the Creation and Control of your Purchasing Power.

Bitcoin is truly Better Money for a Better World, because it is Of the People, By the People, For the People.

This is a Once in a Species opportunity for lowly, hard-working, honest, regular people... so let's not blow it.

That is all.

Cheers.

[James E. Thorne @DrJStrategy]

Bessent Is Not Reacting. He Is Forcing Bretton Woods 2.0, and getting out in front.

Bessent is emerging as the most consequential Treasury Secretary since Alexander Hamilton and much of the policy establishment still does not see it. This is not a random turn in markets. It is the long-delayed reckoning for decades of excess leverage, central bank overreach, and willful policy blindness.

The roadmap was written in Japan. Postwar growth, fueled by mercantilism and Bank of Japan-directed credit, was supercharged through window guidance and artificially suppressed rates. The result was predictable: a historic asset bubble followed by collapse.

What came next, zero rates, quantitative easing, and a permanent liquidity trap, was not bad luck. It was the logical endpoint of sustained market distortion. U.S. policymakers studied it, then repeated it after the Global Financial Crisis.

The United States drifted into its own version of secular stagnation. Now, that era is ending. Supply-side reform, deregulation, and pro-growth tax policy, set in motion under Trump, are colliding with a repricing of capital and the return of private markets as the arbiter of credit and interest rates.

The reality is unavoidable: the global economy is buried in debt. It cannot function with structurally high rates. Rates must come down, not to stimulate excess, but to allow the real economy to breathe again.

Enter Bessent. What he is executing, alongside the Federal Reserve, is not traditional yield curve control—it is strategic control of the long end. The 10-year yield is the fulcrum of the global system. This is not volatility. It is policy.

And it carries real risk: the rise in long-end yields and the yen’s devaluation are fault lines. The lessons of LTCM remain as relevant as ever. Bessent is getting out in front .

The Keynesian response is predictable, hand-wringing over Treasury-Fed coordination. But this critique rests on a false premise: that the Federal Reserve should operate in isolation from elected leadership and national economic strategy. It never has. It never will.

Bessent is moving with intent: cutting off the IRGC’s financial lifelines while managing the unwind of the yen carry trade. These are not isolated developments. They are coordinated moves to unwind distortions decades in the making.

This is Bretton Woods 2.0, not just a financial system, but a strategic one. Rules matter. Standards matter. The Clarity Act is not a side issue; it is a signal. The United States is writing the rules for the next era of capital formation, digital assets, and financial power. That some, particularly on the Warren left, fail to grasp this is not surprising, but it is consequential.

Bessent is not reacting to markets. He is disciplining them and in the process, redefining the system itself.

[Senator Cynthia Lummis @SenLummis]

I've incorporated hundreds of pages of Democrat priorities in the Clarity Act: 33 Dem-driven edits in Title I alone, 23 new illicit finance sections, 30 more CFTC wins, 3 entirely new titles Dems wanted. That's 100+ compromises — yet still not enough for some.

"Perfect" stopped being principled months ago. Now it's just an excuse not to legislate. We have to pass the Clarity Act NOW.

[Brian Brenberg @BrianBrenberg]

Fauci now conveniently a fan of constitutional rights.

[Senator Rand Paul @SenRandPaul]

Fauci claims he is pleading the Fifth because of my so-called “obsession” with prosecuting him and because I released his "private" diary. The American people know better. He is protecting himself.

There is more to this. This is not over.

[Eric Schmitt @Eric_Schmitt]

This is why we defunded you @npr

[Rand Paul @RandPaul]

Throughout today's hearing, Anthony Fauci repeated the following script 111 times.

And yes, his refusal to testify is grounds for contempt.

[James Lavish @jameslavish]

Narrator: There never really was a debt limit.

[The Swamp Fox @_Francis_Marion]

@SenWarren Maybe Congress should learn to live within it means like every American family does.

[Robert F. Kennedy Jr @RobertKennedyJr]

The Real Anthony Fauci became the #1 non-fiction hardcover bestseller despite being the most censored book of the decade. Bookstores, including national chains, refused to carry it. Libraries refused to carry it. Every major newspaper declined to review it. The New York Times refused to publish a paid advertisement for the book and made it #7 on its bestseller list, even though it outsold any other book by thousands of copies.

YouTube took down videos of a book signing. Amazon shadow banned it. Twitter wouldn’t let the publisher promote it.

Despite all of that, 1.4 million Americans bought the book because they were tired of the lies and they wanted their freedom back.

Then today, with hundreds of millions of Americans demanding the truth, Fauci invoked the Fifth Amendment 111 times at his Senate hearing. The American people waited six years for answers. Today, they got silence. But that silence told us all we needed to know.

Thank you, @SenRandPaul, for your relentless pursuit of truth, transparency, and accountability. 🇺🇸