Justin Slaughter (jbsdc)

That Sherrod Brown has announced he doesn’t want to destroy crypto has ripped through the remnants of the anti crypto army like a battalion of Sherman tanks under the leadership of General Bradley. Even their last bastion, Bloosky, is not safe.

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The closest I’ve ever experienced to a real life Rainbow Road is Stardust Racers at night at Epic Universe in Orlando. The second-closest is Mario Kart at the same park.

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Half-done is not all done. I’m not expecting Senate action on market structure before the fall. But passage is actually possible if unlikely given strong House vote of ~280.

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Wondering why Genius didnt move forward on Thursday? Here’s the real scoop: First, the Trump stablecoins deal with Abu Dhabi was a big factor and created a lot of bad pressure on Dems to something about it. That probably was the first issue.

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Rumor around town is Trump is going to issue an Executive Order at GENIUS singing ceremony that Bitcoin sales aren’t covered by capital gains taxes.

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If you asked the average person in the Biden Admin or even the SEC/Treasury what they think about Vitalik Buterin, they’d say “who?”. That’s one issue crypto has in terms of US policy: a universal leader isn’t well known in govt. https://x.com/jbsdc/status/1813633513704571105?s=46&t=6pIOBuXCDYR3MDdqas9hTg

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I’m about 90% GENIUS passes into law next week at this point. Vibe/whispers in DC are that the vast majority of people in Congress and policy circles want to finally craft some laws on stablecoins and begin the process of crafting a regime for this part of crypto. The main obstacles are banks, Trump, and nonprofits.

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