1/ I wanted to share a few thoughts about House Democrats’ version of the America Competes Act (pg. 1485 below), which is raising alarms across the financial industry.

rules.house.gov/sites/democrat… 2/ This provision would give the Treasury Secretary and those she deputizes unilateral, unlimited power to ban any type of financial asset that has a foreign link, without public notice and without any time limit.

This has been an interesting day. Here’s what is happening: First, we’ve been able to have very productive conversations with senators on all sides of this issue, and if we could vote on amendments I think the digital asset community would be pleased with the outcome. Right now, we need an agreement on allowing amendments, which is being held up because of conflict between senators over the 30-hour rule, which allows the Senate to consider/read/review a bill for up to 30 hours before voting on it.

Only weeks after Democrats and Republicans came together for the fifth time in less than a year to pass bipartisan coronavirus relief legislation, ‘Unity’ President Joe Biden chose the partisan path. (1/4) Even after an Oval Office meeting with Republican senators, President Biden pushed forward with a legislative plan to ignore Republicans and ram a progressive wish list through the Senate. (2/4)

Today, I’m joined by 25 colleagues from 19 states to fight the #BidenBan. bit.ly/3t1Qijo Banning energy leasing on federal lands would be catastrophic for western states that are already reeling from the decline in energy usage brought on by the pandemic and continued volatility in energy markets.

A mere 24 hours ago, President Biden stood before America promising to unify our nation. Yet on day one, he took divisive actions to devastate Wyoming’s economy. Make no mistake about it, the Biden Ban is a strike on the heart of Wyoming jobs, families and communities. His actions to appease the radical left will be borne disproportionately on the shoulders of states like Wyoming with high amounts of federal lands.