Congress killed the Clarity Act Tuesday. Today the SEC went right around them and made it legal for real U.S. stocks to trade onchain, effective immediately.
That's a $75 trillion market cleared for crypto rails. The people who voted no have no idea what they just unleashed!
This afternoon, Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership. I sat at the table with Senate Democrats working in good faith to get this done while they played games.
For over a year, they presented demands and the second we met them, they made new demands and moved the goal posts. Today they voted against real limitations on politicians’ personal crypto investments. They voted against protecting American consumers from the scammers and fraudsters this bill would have shut down. They voted against American leadership, and handed China and every one of our foreign competitors exactly what they wanted. Democrats chose politics over the American people—again. That’s not leadership on their part, that’s surrender to their radical, socialist base.
The once-proud Democratic party is anti-consumer and pro-illicit finance, anti-ethics, anti-free enterprise, anti-worker, anti-livable wage jobs, and pro-socialism. The Democrats are now anti-American. Sad!
1/ Major central banks are facing an inflation shock driven partly by supply-side energy pressures.
That is a dangerous combination for growth, and the sovereign bond market is increasingly becoming the transmission mechanism.
A thread on what is happening and how I would manage the risk:
Guerra naval no Golfo Pérsico. Petróleo perto de US$ 100. Hedge funds já viraram comprados em combustíveis.
O mercado levou meses para aceitar que isso não seria rápido. A inflação não precisa de permissão dos bancos centrais para voltar.
#Petróleo#Macro
Brasil corta imposto de combustível para segurar inflação. Mercado cobra o prêmio de risco em outro lugar: câmbio. Câmbio sobe, petróleo fica mais caro em real, inflação volta. O alívio na bomba dura menos que o ciclo que ele mesmo alimenta. #Brasil#Macro
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