First up, the vote on the so-called Sasse amendment to address concerns that some Americans would be getting paid more in unemployment benefits to not work than to work
BREAKING: The Sasse amendment to the $2 trillion coronavirus stimulus bill, which sought to correct the fact that some Americans might get paid more per hour to not work ($24/hr) than to work, needs 60 votes and is off to a hot start
I understand that people respond rationally to economic incentives, but the idea that workers might quit a job to take higher pay in unemployment or never seek one again just seems short sighted especially if you're entering a period of prolonged unemployment
I could be wrong
If this bill were truly about backstopping Americans most hard hit by the economic shutdown, I do wonder why we're having this vote
It is a "stimulus" bill which includes sending $1,200 to Americans, after all
Oh wow, Sen. Cory Gardner (R-CO) votes no on the Sasse Amendment
Sen. Richard Burr (R- NC) votes Yes on the Sasse Amendment.
Unclear if he sold any stocks ahead of this vote
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NEW: The Senate is expected to vote tonight on the massive Genius Act Stablecoin Bill
It could unlock the biggest wave of capital to ever come onchain in crypto’s history
Here’s why it matters 🧵
After a weird stumble, in which even the bill’s Democratic co-sponsor Kirsten Gillibrand voted against it last round, the bill is supposedly back on the tracks to pass with Democratic and Republican support
So what will that mean if it passes?
Stablecoins are just dollars on a blockchain
First, it was crypto companies issuing them, like @Tether_to and $USDT
But then, payment companies like @PayPal came around with $PYUSD
Now Big Banks are trying to figure out how they can get involved
New SEC Chair Paul Atkins just gave the most insanely bullish crypto speech in American history
Here's why it was not only a complete 180 from Gensler's disaster, but also reveals how the SEC will achieve @realDonaldTrump's wish to create the Crypto Capital of the World 🧵
Chair Atkins' speech opened the SEC's crypto roundtable and it was important because it was his first chance to really reveal his crypto goals as Chair
Atkins began by admitting the SEC must change course from Gary Gensler's failures:
"It is a new day at the SEC"
Atkins also echoed and endorsed the new approach started by SEC Crypto Task Force head Hester Peirce to create new rules and finally provide clarity for builders
"In order for the US to be the crypto capital of the planet, the Commission must keep pace with innovation"
It’s *usually* illegal for anyone in government to profit from their office, but Trump is capitalizing on a new way to sell influence
If you follow the money, the $TRUMP memecoin looks like a head fake
THIS is the real Trump honeypot you can get in on (but probably shouldn’t)🧵
First, the obvious: As Rob Blagojevich learned, directly auctioning off an office will land you in prison
But what if you were less obvious about it?
Here's my theory on how President Trump is doing it with crypto (which he confirmed by re-tweeting) ⤵️
Trump, Eric, Don Jr., and even Barron are currently overseeing the build out of one of the largest projects in crypto
The DeFi platform, @worldlibertyfi has already raised close to half a billion dollars via a token sale and outside investors — including foreign nationals