NEW: The Democratic base is demanding its leaders oppose Trump and Musk's wholesale destruction of government agencies. Instead Congressional Democrats are lining up behind their Republican colleagues to pass sweetheart legislation for the Crypto industry. - ThreadSky

revolvingdoordc.bsky.social • 37 days ago

NEW:

The Democratic base is demanding its leaders oppose Trump and Musk's wholesale destruction of government agencies. Instead Congressional Democrats are lining up behind their Republican colleagues to pass sweetheart legislation for the Crypto industry.

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gozermac.bsky.social•37 days ago

Dear democratic party. Do this and you will have lost the country solely to partake in this greedy effort to fleece its citizens.

copperwithcream.bsky.social•37 days ago

Primary challengers need to announce TODAY! If those elected won’t represent the people, we will take their seat.

stevefromearth.bsky.social•37 days ago

Democrats took campaign donations from crypto bros. They only do what their donors demand, including (especially) conveniently forgetting everything about the federal government being the exclusive currency issuer of the US dollar.

bigtentsocialist.bsky.social•37 days ago

The US is blessed to be the issuer of the world’s reserve currency. The US should have been the first to ban crypto or at least issue a digital dollar. All that is out the window and the people who actually want a weaker US are in control. It’s bonkers.

revolvingdoordc.bsky.social•37 days ago

"Just days before his inauguration, Donald Trump released a meme coin, inviting supporters to purchase a Trump-branded token with no underlying value. The only utility it has shown so far? Helping a Chinese cryptocurrency investor avoid prosecution for fraud."

revolvingdoordc.bsky.social•37 days ago

"In the six weeks since, Trump hatchet man Elon Musk (himself a major cryptocurrency investor) has wielded his "agency"—named after a meme coin– against the SEC, CFTC, and CFPB demolishing the agencies with the authority to rein in cryptocurrency's worst abuses."

revolvingdoordc.bsky.social•37 days ago

"The Trump SEC has ended its cases against crypto firms Binance, Coinbase, and Consensys, among others. It also determined that meme coins are collectibles that do not fall under their oversight regime."

revolvingdoordc.bsky.social•37 days ago

"The Trump administration has already announced it will not enforce existing rules on money laundering while ending enforcement of securities law. This makes any concessions congressional Democrats may be able to obtain from their Republican colleagues worthless."

revolvingdoordc.bsky.social•37 days ago

"With an executive actively dismantling the agencies tasked with enforcing the law, any Democratic collaboration on the cryptocurrency project is an endorsement of these extreme actions."

revolvingdoordc.bsky.social•37 days ago

"Democrats should be in full-throated opposition mode. Instead of thwarting Trump's fabrication of the next financial crash, they're ensuring their fingerprints are on the ticking bomb as well."

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