Whoever @realDonaldTrump appoints as SEC chair won’t be starting from scratch. In his last administration President Trump built the infrastructure for two ATH cycles. Remember:
Stablecoins have gained momentum this summer, but will their proliferation continue? @BrianBrooksUS and @B_Eichengreen discuss on Goldman Sachs Exchanges: https://t.co/AHIDoC8NBM
The Senate just killed the most important crypto bill in US history.
After months of bipartisan work, the GENIUS Act had real momentum.
Until Elizabeth Warren rallied Democrats in a last-minute revolt to block it.
Here's how politics is costing the US its financial future:
Ok some pro-crypto guidance now rolling out post-WH Summit:
@USOCC rescinds previous guidance that prevented banks from engaging in any crypto activity.
Goodbye, Operation Chokepoint 2.0
https://t.co/trIJeUo2Aa
Very much looking forward to participating in the @WhiteHouse Crypto Summit tomorrow. Once in a generation opportunity led by @realDonaldTrump to reestablish America as the home of innovation and value creation.
Thank you @SenatorTimScott for your leadership on fair access. Imagine if the electric company or the grocery store could ban customers based on reputational risk….
‼️ NEW: Today, @SenatorTimScott is leading his colleagues in introducing the FIRM Act, legislation to curtail the weaponization of federal banking agencies.
This bill is the first step in ending debanking once and for all.
https://t.co/bGJTo1KhMl
Thesis: all legacy payments have a common base layer — the Fed. For stablecoins to win, L1s need to be unified thru interoperability. Axelar has built the best tech and I’m excited to help!
Today, @AxelarFDN welcomes @BrianBrooksUS to its newly formed Institutional Advisory Board.
Brian & the Axelar community share a vision of tokenized assets connected by decentralized interoperability.
Read more ⤵️
https://t.co/3mZ9Lep1OB
Congratulations to my friend @RepFrenchHill on his selection as the next chair of @FinancialCmte. There was a strong bench of candidates, and French brings a track record of intellectual brilliance, growth mindset, and innovation outlook. https://t.co/B4RnDQzAWJ
Paul Atkins is an exceptional choice to lead the SEC. Having had the privilege of working with Paul at both the agency and Patomak Global Partners, I’ve seen firsthand his dedication to free markets, investor access and choice, innovation, capital formation, and upholding the rule of law. I look forward to seeing him return to the SEC and am confident that his leadership will drive U.S. Capital Markets forward.
I sit on the House Financial Services Committee, which oversees the banking regulators.
I am aware of no real limitation on the ability of banking regulators to de-bank law-abiding citizens and businesses without due process of law. The federal government’s unfettered powers of de-banking represents an insidious threat to civil liberties in America. Marc Andreessen raises a real issue that transcends partisanship.
Under Operation Choke Point 2.0, @FDICgov politically targeted American business and pressured banks to sever ties with entire industries like crypto.
Next Congress @FinancialCmte stands ready to work with @realDonaldTrump to halt and reverse these practices, and finally conduct a full investigation.
Strong alignment between @USTreasury and @SECGov on issues like a @Bitcoin reserve will be critical. We need to make America the capital of capital formation again.
(5) In short, the first @realDonaldTrump administration moved the needle on these issues. The next @SECGov chair doesn’t have to start from zero. He or she can buidl on the President’s proven track record.
Whoever @realDonaldTrump appoints as SEC chair won’t be starting from scratch. In his last administration President Trump built the infrastructure for two ATH cycles. Remember: