They couldn't slam failing private credit into retirement savings accounts fast enough as a shadow bailout so now they're resorting to a direct ask. Leveraged private credit was always going to end up as a public problem.

So incumbent tech firms *are* trying to compete with crypto.

Never have I been prouder to consider myself part of a "vicious, horrible group of people" than in holding the Binance CEO accountable for breaking the law. www.nytimes.com/2025/11/03/u...

The conservative answer to cutting shared support is "neighbors should help each other." But actually they want you to go without medical treatment or starve.

There is almost certainly an email somewhere from CZ to his lawyer that says "I pleaded f****in guilty to money-laundering in the US, bro" nypost.com/2025/10/28/b...

Wednesday Wednesday Wednesday! Come to busboys Takoma for a 7PM convo with @jacobsilverman.com about his new book Gilded Rage: Elon Musk and The Radicalization of Silicon Valley. To help us make sense of the DC of it all, Jacob will be joined by me, Corey Frayer (CFA), and Sandeep Vaheesan (OMI)

I've been a Bernie fan for a long time - I don't believe economic populism is enough but I do think it's critical. And few Dems embrace it. Hearing him say this while watching what happens with ICE in my neighborhood? He has a moment to apologize profusely but I'm not sure even that would do it.

Ed Luce watching democracy die in the United States of America

New: "Trump Crypto Partner Suspends CEO With No Explanation After Stock Falls 74%" me, for @forbes.com 1/

I'm a non-profit investor advocate and I get traditional financial institutions asking me to speak up on this admin's financial regulatory policies regularly because they don't want to speak for themselves publicly. Companies I've basically made a career of throwing rocks at.

JPM, known for its Fortnite balance sheet. www.bloomberg.com/news/article...

The only reason AI ever seems convincingly human is when it's being compared to humans with this deficit of self-awareness.

You know crypto is late-cycle when Weigel is bringing the NFT jokes back

🔥BIG: Minecraft players built 200 million square miles of land in 2024 - almost 4x the land mass of the Earth!

Well the Buttonwood Agreement was 1792 and the first billionaire was Rockefeller in 1916. 13 years later was the great depression. One might argue it worked pretty ok without billionaires.

This assumes that there are $2 billion worth of assets that USD1 will ever be redeemed for and that it wasn't just a direct transfer of $2 billion to Trump. Which is...an assumption.

Look the holidays are already stressful enough you can't just drop this on me

According to Secretary Noem he is "overqualified."

DECENTRALIZED [JAZZ HANDS] Ethereum Core Veteran: Vitalik Buterin Has 'Complete Indirect Control’ Over Ecosystem share.google/ZLvgooiZcojL...

On Oct. 29, I'll be at Busboys and Poets in DC where I'm talking with Daniel Greene, Corey Frayer, and Sandeep Vaheesan about how MAGA and the tech right found common cause, DOGE, and this whole democracy business. www.busboysandpoets.com/events/th-ev...

"I'm not burning this flag I'm just adding cool flames to it." Donald Trump, probably

I'm hearing that after pardoning notable crypto money launderer Changpeng Zao, former Binance CEO, the administration is going to announce crypto sanctions against drug cartels this afternoon. Clearly the drug cartels made the mistake of not becoming business partners of Trump and his family.

We have come so far

Now that CZ has been pardoned for his crimes at Binance, it will be critical for a bipartisan crypto market bill to include clear language holding money launderers and sex traffickers accountable. So that the president can pardon them. Crypto market legislation is officially unsalvageable.

I saw Eric Trump talk to a roomful of investors in Dubai today about his crypto ventures. The family is not remotely concerned about conflicts of interest. www.wsj.com/finance/curr...

Money laundering is legal now. www.wsj.com/finance/curr...

Step 1 - dump your bad investments on retirement savers Step 2 - watch 401(k)s tank Step 3 - tell retirement savers they're dumb for making bad investments, charge them fees for your expert advice Step 4 - return to step 1

"and that's why we're finally ready to bring in all the little people holding $13 trillion in 401(k) funds, so that they can get lower returns!" on.ft.com/4owRbwd

Cover it up with a milkshake duck tattoo.

Seeing talking heads on Bloomberg say "we think the regional banking sector is strong" is the opposite of reassuring. You don't love hearing "banks" and "idiosyncratic" in the same sentence.

How does Amazon prioritize which AWS services were restored first? Which services they decided to throttle during the backload catch-up? US government.priority? Commercial or financial sectors? Business partners? Amazon VC investment portfolio? Politically aligned companies?

They're not sending their best.

Concise visual of Trump's second term.

About 2/3rds through @jacobsilverman.com's Gilded Rage and if you want to know how Silicon Valley political philosophy went from crackpot dismissible to ushering in mainstream authoritarianism I highly recommend www.bloomsbury.com/us/gilded-ra...

I think BTC is just volatile and the crash wasn't specific re China REE 1 correlation w stocks varies wildly 2 hashrate lags price up, doesn't lead price down 3 Increase cost of mining equip shouldn't tank price Neither general market or REE cost explains Maybe wrong, interested to hear rebuttals

Basically the SEC has a shadow docket and you should read about it here.

r/thathappened Spit On, Sworn At, and Undeterred: What It’s Like to Own a Cybertruck www.wired.com/story/owning...

Sure, let’s give Peter Thiel a charter for a bank designed to follow the Silicon Valley Bank business model + do crypto. What could possibly go wrong? www.occ.treas.gov/news-issuanc...

Jeanne Shaheen - the DINO Senator from New Hampshire keeps looking for ways to surrender to Trump and MAGA in Congress. @punchbowlnews.bsky.social Just one year extension of ACA subsidies would be a pathetic cave at this point. #noblankchecks

Same thing I say every time I read Vox political analysis.

Pains me to say this but when I'm wrong I own it. Agree.

"...best thing a person can do is help their neighbors...still got the guns though, I don't trust the fascists..." I feel seen. Just need to buy @grahamformaine.bsky.social a thesaurus so he can find a different word for calling people ignorant. www.cnn.com/2025/10/16/p...

It could not be more obvious that this is manufactured and that Trump is going to start arresting ICE/CBP oversight activists for being cartels members. Cartels issuing bounties up to $50,000 for hits on ICE, CBP agents: DHS - ABC News share.google/LWSnswDyaeDR...

Use of crypto for payments is down since 2021. Countdown to crypto blaming this on those of us in the Gensler SEC. www.paymentsdive.com/news/crypto-...

Hunter Biden has to be furious he didn't turn his political cachet into way more personal gain.

I live in a world where the pope is American, relatively populist/progressive and relatable; and POTUS is un-American, an aspiring authoritarian and borderline sociopathic. Someone needs to put down the monkey's paw.

Oral arguments re Circle's liability for a mistaken transfer to a non-existent wallet available here. Circle comes off as either disingenuous just ruthless in taking advantage of USDC users. (Full disclosure, I submitted an amicus brief) www.ca1.uscourts.gov/sites/ca1/fi...

The UAE bought $2B of Trump’s crypto — and gets computer chips Saudi Arabia gave Kushner $2B for a new Trump Tower — and gets weapons Qatar gives Trump a private jet and a $5.5B real estate deal — and gets US military protection This is how bribes work. popular.info/p/quid-pro-p...

This crypto fintech startup knows its logotype spells "bunk" and it's just trolling me. Coinbase and Mastercard in Bidding War for BVNK, A Stablecoin Startup Backed by Visa and Citi share.google/mJkvIcDWBKMr...

Happy to be part of an Australia Broadcasting Company TV documentary that Trump threatened to complain about to their Prime Minister www.abc.net.au/news/2025-10...