Return of the Coin!
DC getting slammed by a Coinbase-led media blitz and harshly worded letter from members of the House Financial Services Committee to SEC Chair Gensler.
I wasn’t joking when I suggested the fake progressive no-coiner crew in DC would awaken a sensible and fast pushback.
Coinbase has taken out full page ads in yesterday’s and today’s Washington Post. I’m going to pick up a copy as it’s kind of history in the making.
And 4 members of the House Financial Services Committee sent a letter to the SEC and Gensler, demanding imminent approval of the spot Bitcoin ETF applications — as the Court recently found in Grayscale vs. SEC that a futures bitcoin ETF and spot bitcoin ETF are foundationally alike products, so for federal regulators to treat like products in a very unlike fashion is “unlawful,” in the Court’s view.
At day’s long end, goofy Sen. Elizabeth Warren and her masters don’t really know what they’re talking about.
If Bitcoin users are “fueling” the fentanyl epidemic, as she has baselessly asserted, then she’s smearing Bill Miller, Eric Schmidt, Elon Musk, Michael Saylor, Cathie Wood and all the other believers in crypto.
She’s gotta go. I don’t care what your political preferences are, but I will be personally giving the allowed maximum personal donation to whoever is leading against her in the primary when the time comes.
Warren hasn’t been a good sparring partner for us. She hasn’t made us stronger through debate. She’s been a corrupt corporatocracy zealot with a shaky one-sided message, and she’s a bad American as a result. Jingoistic power monger who makes it up as she goes along, and she’s picked the wrong punching bag in targeting the lawful peer to peer money community.
Coinbase cofounder Brian Armstrong is right. The recent arbitrary turn by Warren, Podesta, and a handful of others in DC against crypto is fundamentally “anti-American.”
It’s not who we are.
Money is important.
Personal property rights, even more so.
The banks are scared; they are just glorified COBOL spreadsheets leaking USDs/euros into precious metals and crypto — they see the huge outflows, which is likely why Chase’s UK arm is no longer allowing withdrawals to crypto firms or exchanges… even though the UK government and monarchy have stated they want a far more welcoming approach to crypto.
Interesting times ahead.
Russia is doing better against Ukraine than any Western media mind will tell you, by like an order of magnitude. That Seymour Hersh they deplatformed recently won a Pulitzer back in the day, and he’s saying Russia has already won over there and I guess they’re just blanketing us with propaganda to prevent an economic panic if that is the case.
Ukraine/US recently lied about killing that admiral in the Sea Fleet, for example — super awkward for Western media bloggers told what to say by the Pentagon/DoD that someone they said with total confidence was killed in a Ukraine-led drone strike instead was giving speeches and being photographed out and about just days later.
I said it in my last piece, but I’ll say it again: the arrogance of these people.
IF THEY KEEP IT UP THEY’LL LOSE A WORLD WAR.
Losing a WW will harm the dollar in ways crypto never could.
They literally think shipping Marina Abramovic over there to do so some spirit cook baths and getting some bloggers at Daily Beast to say they killed a Russian admiral they didn’t actually kill will change the tide over there.
Meanwhile, Oprah blabbering away on TikTok about the Maui fires, begging people for money. A woman who owns nearly 2,000 acres on the island and who is worth $3 billion or more, demanding those of us who’ve seen nothing but shit sandwiches from this administration give our hard earned money to her tax write off.
I see a weak and clueless Western elite. And I don’t like our adversaries, nor do I root for them. But as investor and man, I feel deeply contrarian lately.
I just hope crypto is a contrarian enough bet for me. That’s how against the mainstream grain I feel lately. There’s a civilizational collapse ahead most people can’t perceive, but you and I are not most people.
Onward, elegantly,
D
p.s. don’t let the world’s near future chaos get you down, it’s all just needed monkey chatter (I believe) before a peaceful globally unified crypto and likely stellar civilization as space travel continues to improve similar to how personal computing improved from the 90s til 2010s or so. https://amazon.com/author/davidseaman - the books, especially this year’s one Sacred West, provide a possible roadmap between now and approx. 2028-2030.
What impresses me most about our team’s research is how the older works become more and more prescient as time goes on; by that, I mean that the more distance between an annual research publication from FULCRUM and the present moment, the more accurate some of our ideas seem to be. But no guarantee of future accuracy and always do your own due diligence in life.
what's your favorite pizza topping? I can get you a nice got slice.