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Brian Baresch

@editer.bsky.social

High-functioning screwup. Thinker and blatherer. Profile pic by Covatar. he/him

3970 Posts341 Follower204 Folgt
Molly White@molly.wiki · yesterday

The crypto industry has spent hundreds of millions of dollars lobbying for the Clarity Act, which they pitch as “clear rules of the road”. In reality, it’s industry capture, deregulation, and legitimization of the most brazen self-dealing in presidential history. Senators must vote no.

The bill’s proponents describe the Clarity Act as providing “clear rules of the road” for digital assets, painting Democrats who oppose to a bill as inexplicably standing in the way of clear guardrails for crypto. “A no vote tomorrow kills the toughest ethics reform this country has ever put on the books, kills consumer protections for every American holding digital assets, and hands the future of this industry to our foreign competitors,” threatened Senator Lummis on Twitter.11 But regulations were previously, if belatedly, being enforced in the crypto sector by the SEC, which applied laws that cover a broad range of financial assets that fit the definition of an investment contract. Courts repeatedly upheld this application to the crypto sector — much to the chagrin of deep-pocketed crypto firms like Coinbase, Ripple, and Gemini, who responded with hundreds of millions in lobbying and saw their cases dropped under Trump [Quid pro quo]. Facing what they viewed as an existential threat from an SEC demanding they play by the same rules as other industries, the crypto sector spent hundreds of millions of dollars lobbying for the Clarity Act and electing lawmakers who would let them write their own rules. The result is not “clear rules of the road”, it’s industry-drafted deregulation with a loophole-ridden ethics section bolted on only after Republicans realized that even the pro-crypto Democrats installed with the help of $130 million in industry spending wouldn’t sign off on a bill placing no limits on Trump’s historic grift.Democrats considering a vote for cloture should understand what they’re endorsing: a bill that grandfathers in the crypto ventures that netted Trump $1.4 billion as investors were ruined, and leaves enforcement to Trump loyalists who have already dismantled crypto oversight and enabled some of the president’s worst abuses. The crypto industry spent $130 million in 2024 installing lawmakers who would let them write their own rules. They’ve poured hundreds of millions more into lobbying for the Clarity Act and installing even more pro-crypto members of Congress in the midterms.Republicans are trying to disguise this industry capture and deregulation as consumer protection, painting Democrats who oppose the bill as anti-innovation obstructionists. Democrats should not give them the bipartisan cover they seek. A vote for cloture tomorrow by any Senator — Democrat or Republican — is a vote to legitimize the most brazen self-dealing in presidential history and pave the road for yet more future abuses.
Jess Miers 🦝@jmiers230.bsky.social · 3d ago

Here's what I actually think these incidents reveal (instead of a rogue AI terminator situation): Much of the infra we expect to be hardened is actually being held together by glue and popsicle sticks.

Ray@sireviscerate.myatproto.social · 6d ago

FDA (20 years ago): This milk has been sourced from a meticulously inspected dairy farm, and has been through a certified pasteurization process. FDA (today): Look, it's liquid, and it's from a cow. At least that's what they tell us. It's fine, probably.

The King Teen@kingteenmusic.bsky.social · 7d ago

People have false memories of all of us coming together, supporting each other, thanking first responders, bursting with patriotism, tearfully swaying to Ray Charles' America the Beautiful. Reality was more like Indian restaurants hanging "We're not Arab" banners so they wouldn't get torched.

KJ Charles@kjcharleswriter.com · last wk.

The problem with people is, there's a god shaped hole in our heads where we want Something Important to live, and we insist on filling it with *something*, which might be god or king or astrology or jumped-up autocorrect.

Kaitlin Is Just Getting Started@gothamgirlblue.com · last wk.

You can tell this is true because when Michelle Obama made healthy eating and exercise her issue as First Lady, this same movement failed to coalesce around her and in fact she met a ton of resistance from the same people who made RFK Jr possible

krat@kwholesaler.bsky.social · last wk.

Maha is just another astroturfed front in the American Reactionary Movement. This movement is responsible for every public health crisis: climate, automobile deaths, gun violence, homelessness, poverty. Its the Don't Tell Me What To Do movement. They are few but they're mobilized for war.

Patrick Wyman@patrickwyman.bsky.social · last wk.

Realizing the extent to which this is true wildly changed my opinions about how to deal with Trumpism, since they're never going to be satisfied unless they're actively dominating everyone else. You can't give them some concessions and go back to the status quo: they're reactionary revolutionaries.

Better Things Are Possible@internethippo.bsky.social · last wk.

Antebellum politics is fascinating, the South kept getting policy concessions and whipped themselves up into a paranoid rage anyway, essentially because they couldn't stand being culturally judged for having slaves

Richard M. Nixon@dicknixon.bsky.social · 2w ago

Write it on the blackboard a thousand times: they will have to demolish the ballroom, the arch and so forth. They will have to make a show of it. You will get the usual sons of bitches saying we don’t do that in this country. We do now. That is not emotion, it’s politics. To do less is dereliction.

Leah Reich@leahreich.com · 2w ago

I’m sure most of you aren’t watching the US Open right now which means you missed this instantly iconic moment, now available in gif form

ThatIngrid@thatingrid.bsky.social · 2w ago

I mentioned off hand at work that COVID can wake up cancer cells and one of my colleagues was SHOCKED. I have to believe (for my own mental health) that the reason most HCWs don't wear masks is because they don't know rather than that they don't care. (1/2)

Radley Balko@radleybalko.bsky.social · 2w ago

It’s mind-blowing that we have literal white nationalists in the White House carrying out unfathomably cruel, abusive, white nationalist policies, and the punditariat has spent the last two weeks debating if some people were too intemperate after a Black man was murdered by cops six years ago.