CryptoBull 🛡️

#bitcoin

[Solana Policy Institute @SolanaInstitute]

This industry takes care of its builders. Thank you to the 60+ CEOs and founders who sent a clear message to Senate leadership today: Pass the Clarity Act with developer protections and the BRCA intact.

Developers who do not control user funds are not money transmitters.

Read the full letter: https://t.co/HQFte9fSwT

[CryptoBull 🛡️ @CryptoBull69420]

@SpeakerJohnson Good. We don’t want the government having all our data.

[CryptoBull 🛡️ @CryptoBull69420]

@jack @MrHodl Will data be throttled and at a lower priority than AT&T customers?

[CryptoBull 🛡️ @CryptoBull69420]

@harrystabbings Honestly we’re not too far away from this

[CryptoBull 🛡️ @CryptoBull69420]

@MurrayHillGuy1 A negative CPN 🤣🤣

[Signal @signalapp]

Our statement on the UK government’s demand that all content on all devices sold or used in the country be scanned, on the presumption of nudity, using a dystopian combination of age verification and content scanning. This proposal will not safeguard children. It endangers us all.

https://t.co/VdWe9uhi8p

[CryptoBull 🛡️ @CryptoBull69420]

The ultimate bandwagon fan 🤣

[CryptoBull 🛡️ @CryptoBull69420]

@Jetspete @MurrayHillGuy1 Except when you’re with a deaf prostitute and the condom slips off

[CryptoBull 🛡️ @CryptoBull69420]

@UnderSecPD This is good. Will it also apply to Israel?

[Under Secretary of State Sarah B. Rogers @UnderSecPD]

An argument I often hear is, “given Germany’s unique history, shouldn’t we grant it some deference to censor?”

Here’s the kind of thing German censorship extends to:

[Thomas Massie @RepThomasMassie]

On June 8, 2026, I’ll speak on the floor of the House to honor and memorialize the brave crew of the 🇺🇸 USS Liberty who died and were wounded in an unprovoked attack by 🇮🇱 Israel on June 8, 1967. Catch my speech on @cspan.

[Hüseyin Dogru @hussedogru]

URGENT: Germany’s collective punishment of my family continues. They’ve now frozen my pensioner mother’s bank account, claiming I somehow “control” it too. Her savings are inaccessible — yet she has received no official notice from any German authority. No charges no due process

[Adam Livingston @AdamBLiv]

THE BANKERS ARE ABSOLUTELY LOSING IT

The American Bankers Association is, at this very moment, in a Washington conference room with the Bank Policy Institute, the Consumer Bankers Association, the Financial Services Forum, and the Independent Community Bankers of America, drafting a joint statement that says -and I want you to read this slowly - that letting people earn yield on a digital dollar would reduce farm loans by "one-fifth or more."

Five separate trade associations.

Five sets of lobbyists billing six figures an hour.

One coordinated press release.

All to protect a business model whose entire value proposition is: we'll hold your money, pay you 0.01%, lend it out at 7%, and if anything goes wrong the taxpayer eats it.

My dearest reader, the BANKS are TERRIFIED.

Let us briefly review their PRODUCT. Time to be honest about what a checking account is.

You hand a man your dollars. He gives you back a number on a screen. He takes the actual dollars and lends them to your neighbor at 7%.

He pays you nothing.

When his loan book detonates because he lent against an empty office tower in San Francisco, the FDIC writes a check funded by - surprise - the same dollars you handed him.

He gets a bonus.

You get a fee for using the ATM that isn't his.

THIS is the thing they are lobbying Congress to protect.

The moat is so shallow that a literal piece of code with no employees, no marble lobby, no tellers named Diane, and no quarterly earnings call is currently eating their lunch by doing the radical, unprecedented thing of paying you for the use of your own money.

And their response is to, OF COURSE, NOT COMPETE AT ALL.

Their response is to call their senator.

"It would reduce farm loans by 20%"

The ABA actually said this. Out loud. In a statement.

With their names on it.

A farmer in Iowa is currently being told by lobbyists in Washington that his ability to buy a combine depends on his neighbor not being allowed to earn 4% on a digital dollar.

The combine, apparently, is held together not by hydraulics but by the financial repression of the farmer's cousin who would otherwise move $8,000 from a checking account to USDC.

The White House Council of Economic Advisers, not exactly a den of cypherpunks, looked at this claim, did the math, and concluded the actual effect on lending would be 0.02%.

Correct. Two basis points. The ABA's response was that the White House had "studied the wrong question."

The wrong question. The question of whether the thing you said would happen would actually happen. That question. Wrong.

The right question, presumably, is "how do we keep this gravy train running for another forty years."

And on that question, I will grant them, they have done excellent work.

So here is the loophole they are fighting in Section 404, please brace yourself.

The proposed text says crypto firms can offer rewards for using a stablecoin - paying with it, transacting with it, doing literally anything with it - as long as they don't pay you for just sitting on it like a deposit.

The bank lobby's objection to this is that people might use the rewards to keep using stablecoins.

That is the loophole. The loophole is that customers might enjoy the product and continue using it.

This is, and I cannot stress this enough, the same logic as a restaurant lobbying Congress to ban credit card cashback because it "incentivizes the idle holding of credit cards."

Their actual quoted concern is "overtly incentivizing the idle holding of payment stablecoins for extended periods of time."

Yes, people might prefer the new thing to our thing. This is a Yelp review written by the competitor.

You want to know how cooked their model is?

Goldman Sachs, BNY, and Morgan Stanley have signaled they're fine with the compromise. Why?

Because they don't run retail. They don't have ten thousand suburban branches whose entire economic logic is paying grandma 0.40% on a money market while charging her grandson 24.99% on a credit card funded by grandma's deposits.

The institutions screaming loudest are the ones whose entire business is the spread.

The gap between what they pay you and what they charge someone else.

That is a tollbooth on a road built by the Federal Reserve, maintained by the FDIC, and patrolled by a regulatory apparatus designed in 1933 to protect a banking system that no longer exists.

When your business model is "regulatory arbitrage on the time value of other people's money" and a piece of open-source software shows up offering a better deal, you have two options:

Get better, or get Congress.

Guess which one is cheaper.

So imagine, for a moment, you had to pitch a retail bank as a startup in 2026.

"Hi. We hold customer money. We pay them roughly nothing. We lend it out at 7-24%. We have 4,000 physical locations, each with a security guard, a sad pen on a chain, and a woman named Janet who needs a notary stamp to let you close your own account. Our app was built in 2014. Our wire transfers take three business days because of 'cutoff times,' which is a phrase we invented. When we lose money, the government replaces it. When we make money, our CEO buys a yacht. We are now lobbying Congress to ban our competitors from offering a better product."

You'd be laughed out of the room. You'd be laughed out of a room full of bankers.

And yet here we are, watching five trade associations spend millions to convince the United States Senate that the republic itself depends on Diane at the branch in Ohio not having to compete with a smart contract.

The CLARITY Act will pass, or it won't.

The markup is May 11.

The bankers will lose this fight or they will win it on a technicality and lose the next one.

Because the thing they cannot lobby away is arithmetic.

You cannot legislate your way out of paying 0.40% when something else pays 4%.

You cannot regulate the time value of money.

You cannot pass a bill that makes your product good.

Every dollar of stablecoin yield that gets blocked in Washington is a dollar that walks out the front door anyway... into Treasuries, into Bitcoin, into anywhere that doesn't require Janet's signature.

The deposits stay because of inertia.

And inertia, historically, has a half-life.

The funniest part of this entire spectacle is that the banks are correct about one thing: if customers can earn yield on a stablecoin, they will move their money.

They have correctly diagnosed that their product is a hostage situation.

Their solution is to lobby for thicker chains.

Mark it up.

[Keonne Rodriguez @keonne]

I am writing from FPC Morgantown prison in West Virginia. It has been about 5 months since I first surrendered myself in December, and I will be honest, the prospect of a Presidential pardon is very low. There was some hope during the Bitcoin 2026 conference, but that has now come and gone, and one must come to terms with the fact that I am simply a federal prisoner without money, power, or influence, and I will serve my full sentence. It will be years before I can even attempt to rebuild my life. Which is why I am now writing this appeal to you all now. Things are dire and we need your help.

Lauren and I need your help desperately. More than ever before. We have over $2 Million of debt due to legal fees. We have a $250k fine the judge levied against us. Every day I get letters and calls from anxious lawyers looking to be paid. Or the DOJ demanding I start making payments on my fine. Perhaps it was denial or delusion, but I had hoped to do what I have always done and dig myself out of this hole myself - but with the reality of serving a full sentence that is not possible. I hate to ask for your help in this way but we are entirely out of options. We need to pay off these legal bills and other debts accrued attempting to defend myself. We desperately need your help. Now.

For 10 years Bill and I built and published open source code and tools for Bitcoin users. Those same tools and code are what the government says were criminal. The tools and code still exist, they are out there right now and always will be. The creators however are locked away in Federal prison. The creators are the ones whose lives have been decimated. The creators are the ones who have been financially wiped out. The creators are the ones who desperately need you now. Please donate whatever you can to bc1qtjjcvn98wh7dfd55m8kxhjcfexanttwt8gtan8 . We have to get this albatross from around our neck.

Samourai had well over 100,000 users. These users pushed over 2 billion dollars through our open source tools. We need those users and any bitcoiner who appreciates the work that we put into this industry for over a decade to help us now. Please donate whatever you can to bc1qtjjcvn98wh7dfd55m8kxhjcfexanttwt8gtan8 right now.

If you require a private address please DM my wife @leamuirleyn and she will provide one. Please do not delay. Time is of the essence. Please help us.

- Keonne

[Taylor Lorenz @TaylorLorenz]

It’s shocking how brazenly it’s all happening and there’s absolutely no meaningful coalition to fight it from the left. Instead high profile leftists are supporting the Heritage Foundation’s tech policy slate, if they mention tech at all.

[Matthew Green @matthew_d_green]

There’s something ominous about the speed with which the entire world has marched to require identification on platforms and, as I expected, begin the process of banning anonymous VPNs.

[CryptoBull 🛡️ @CryptoBull69420]

@thestockwhale @CryptoScoopOG $qntm is not an ETF

[CryptoBull 🛡️ @CryptoBull69420]

@TheMoonCarl @grok how much could be refunded directly to each American taxpayer instead of starting this awful war

[CryptoBull 🛡️ @CryptoBull69420]

Supporting stablecoin adoption and growth is - perhaps unfortunately - now a national security issue. Stablecoin issuers hold billions of treasury bonds. This can replace the now imminently threatened petrodollar system

[CryptoBull 🛡️ @CryptoBull69420]

@_10delta_ @thinkingcrypto Gold standard -> Petrodollar -> Global Stablecoin Standard. How the dollar maintains hegemony. Perfectly timed transition, just need to follow through with execution