Vivid Laser Eye Guy

[Vivid Laser Eye Guy @leadecon]

Miracle on 34th Street

[Vivid Laser Eye Guy @leadecon]

@Sir_Blobfish @mike_daddino Thanks for noting that. No one's talking about his TWO clutch plays to clinch it.

[Vivid Laser Eye Guy @leadecon]

@4closureFraud @mattvanswol bring bookit back

[Vivid Laser Eye Guy @leadecon]

@TheArenaCNN @BradOnMessage because clueless

[Vivid Laser Eye Guy @leadecon]

@imjerrynotkevin kenya

[Pierre Rochard @BitcoinPierre]

I'm strongly opposed to any crypto tax legislation that doesn't include tax exemption for BTC.

We're here for Bitcoin, not for Ethereum and Solana staking hedge funds.

[TFTC @TFTC21]

Folks, we told you this was coming, and today the mask is fully off.

A couple weeks back we reported, based on solid sources, that Coinbase was quietly lobbying to kill a real de minimis tax exemption for Bitcoin while pushing one that applied only to stablecoins like USDC. We laid out the clear incentives in our deep dive. Coinbase made 1.35 billion dollars in stablecoin revenue last year, up 48 percent year over year, almost entirely from yield on the Treasuries backing USDC.

A proper Bitcoin de minimis would let people spend sats on everyday purchases without triggering taxable events on every transaction. That directly competes with their centralized yield machine. We called it what it was. Policy that protects Coinbase’s float rather than advancing neutral Bitcoin adoption.

Brian Armstrong pushed back hard. He called our reporting totally false and misinformation while insisting he was personally lobbying for Bitcoin de minimis. Some accused us of lying or spreading rumors. We stood firm. We offered to have Brian on the TFTC podcast to clear the air. We waited.

Now the latest draft from Reps. Horsford and Max Miller on the updated PARITY Act framework has dropped. It confirms exactly what we warned about. It gives a de minimis exemption to stablecoins but leaves Bitcoin out entirely. It keeps the punishing double taxation on Bitcoin mining fully intact while carving out relief for passive validation, basically staking. This is not an oversight or sloppy drafting. It abandons any pretense of technology neutrality and deliberately picks winners. Dollar-pegged stables and staking get the breaks, while actual Bitcoin usage as money and Proof-of-Work mining get kneecapped.

Without de minimis for Bitcoin, every small Lightning payment or sat transaction still forces cost-basis tracking and IRS headaches. Paying your plumber in sats or grabbing lunch with Bitcoin remains a taxable event. Stablecoins, being pegged and low-volatility, get an exemption they barely need. The real beneficiary is protecting that massive USDC reserve float and the yield it generates.

Meanwhile, American Bitcoin miners, already operating in one of the toughest, most capital- and energy-intensive industries, face continued double taxation while staking gets a pass. That is not neutral policy. It is industrial policy against domestic Bitcoin mining at a time when we should be leaning into energy abundance and securing the hardest monetary network.

The Bitcoin Policy Institute is releasing a full statement soon, and we fully back the call for strong community pushback. Every Bitcoiner needs to contact their reps and make it politically radioactive to sideline Bitcoin while handing carve-outs to stables and staking. This language slows real adoption, entrenches custodians, and weakens American Bitcoin infrastructure.

We weren’t lying. Our sources weren’t lying. The draft proves the reporting was on target. Those who rushed to call it misinformation owe the community some honest reflection.

Brian, if you’re still open to that conversation, the invitation stands. Come on the podcast. No spin, just walk us through how this draft lines up with your stated support for Bitcoin de minimis. The mic is warm.

This fight isn’t over. Bitcoin doesn’t need permission, but bad policy can delay sovereign adoption and punish the miners securing the network. We’re here to protect the protocol and the right of individuals to use sound money without turning every transaction into a compliance nightmare.

Stay sovereign. Stack sats. Use Bitcoin as money anyway. Call your reps today.

[Vivid Laser Eye Guy @leadecon]

@LukeGromen @FirstSquawk @Myrmikan mcglone called it a risk asset on Bloomberg radio today

[Vivid Laser Eye Guy @leadecon]

@TFTC21 bullish

[Vivid Laser Eye Guy @leadecon]

@apralky ngaf

[Vivid Laser Eye Guy @leadecon]

@MitchellAskew this guy is below my line

[Vivid Laser Eye Guy @leadecon]

@Camp4 this post made my day

[Vivid Laser Eye Guy @leadecon]

@newstart_2024 or they exist...and they're complicated

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

One of us gets paid to be a reporter for Bloomberg and push a narrative. One of us just calls them as he sees them and gets paid to be right as a professional investor.

We are not the same.

[The Wolf Of All Streets @scottmelker]

Second year in a row.

Over a million jobs revised away last year.

Hundreds of thousands cut the year before.

These aren’t tiny adjustments. These are numbers that shaped headlines, policy, markets - and then quietly disappeared.

At some point it stops feeling like noise and starts feeling like a pattern.

What a scam.

[Vivid Laser Eye Guy @leadecon]

@LukeGromen @awealthofcs and that his dad was an avowed gold bug, congressman

[GoldSilver HQ @GoldSilverHQ]

They created volatility to scare away stackers.

Working since 1974.

[zerohedge @zerohedge]

Someone is just rotating from asset class to asset class and summarily blowing them all up with a barrage of price indiscriminate, bid-crushing market order liquidations

[John E Deaton @JohnEDeaton1]

.@novogratz is right - the math isn't mathing. When gold hits all-time highs and Bitcoin stalls despite the same macro tailwinds + a very friendly crypto administration - you have to look at the paper markets. We’ve seen this movie before with Silver - heavy shorting via futures can suppress price action even when physical demand is through the roof.

I believe we are seeing the same bank playbook being run on BTC. I also believe we are watching the Financialization of Bitcoin and Crypto in real-time. The same players who spent years suppressing Silver prices with paper contracts are now using the same tools on BTC and other crypto assets. It's not a failure of the tech - it's a coordinated effort by the old guard to keep the Digital Gold narrative in a cage.

We see the old guard - @jpmorgan and Jamie Dimon - publicly attacking the new guard - @coinbase and @brian_armstrong. The banks are following their political playbook in Washington to slow down or kill crypto legislation while at the same time following their manipulation playbook on the asset itself. Look how hard they’re fighting to maintain the status quo.

[zerohedge @zerohedge]

All bitcoin gains since Trump was elected are gone