
John E Deaton|Jun 21, 2025 12:02
From everything I know @DavidSacks @davidsacks47 is 💯 percent correct. There would not have been bipartisan support and the Genius Act would not have passed if retail consumers/investors received yield. His belief of let’s get this done now and hopefully return to it later, was the only legitimate way to get it across the goal line. It’s also why I supported it as well.
I give @realDonaldTrump his props for keeping his promises related to Bitcoin & Crypto, although let’s be real: the Trump name is benefiting from Crypto, as well. Unlike Sacks, there was no divestment of interests. In sum, there was no way the Genius Act would’ve passed during a @KamalaHarris Presidency. Gary Gensler and @ewarren would’ve still had a lot of power. So kudos 👏 for getting this done.
But this also shows that the Banking Lobby is real and proves, as always, that no matter whether a Republican or Democrat is in power, nothing changes for the little guy.
It also proves why I’ve always said, if you think poor people think there’s a big difference between @BarackObama and George W. Bush, then you don’t know poor people.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink