Geopolitics

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.

Former SEC/CFTC/House&Senate staffer. Now Policy@Paradigm. Perennial Optimist.

The second issue is that the bill did shift a bit from the one voted on in cmte. Dems made some asks for changes but so did parts of industry. That’s normal but caused strife.

Third issue is the anti tech nonprofit groups activated at the request of Sen Warren and, also, the banking lobby. You can see a lot of this discussed on Blue Sky and LinkedIn if you follow the right people. Gary Gensler’s former top two crypto staffers played a big role.

This culminated in things like a Bernie Sanders livestream where he clearly had no idea what crypto was, but was told it was “completely useless” and used “for murder online.”

745291183405076480:broadcast

TOMORROW: Tune in LIVE at 4:00 pm ET for roundtable on the GENIUS Act with @SenSanders, TOP's @SachaLouise, and @ConsumerFed's Corey Frayer.

This Big Tech handout would let them issue their own currencies, endanger our national security and destabilize our economy. https://t.co/o4f2u4LUtG

Join our livestream on how to stop Big Tech's crypto coup, with Sen. Sanders, Sacha Haworth, and Corey Frayer of Consumer Federation of America -- TODAY at 4:00pm ET.

LINK:
https://t.co/hdIHHKe1Mi

@SenSanders 
@SachaLouise
@ConsumerFed

The Tech Oversight Project

This culminated in things like a Bernie Sanders livestream where he clearly had no idea what crypto was, but was told it was “completely useless” and used “for murder online.” https://x.com/tech_oversight/status/1920114954658582913?s=46&t=6pIOBuXCDYR3MDdqas9hTg