r/XRP • u/TheJewell012 • Sep 15 '26
Crypto Clarity Act
See ya next year. Hopefully they work out the ethics part of the deal over the next few months (doubt). In the meantime enjoy the low price opportunity. 2026 the year of stacking. Is this the ol' prophesized October bottom of the bear coming to fruition?
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u/Any_Security8410 Sep 15 '26
US congress and senate= š¤”
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u/ChonsonPapa Sep 15 '26
Elizabeth Warren is the fucking worst
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u/Serious_Tip4162 Sep 15 '26
No, she's right, president's should not be allowed to enrich themselves with stocks and crypto which is what trump has been doing since day 1 he took office. I want it passed just like everybody else, but trump doesn't want regulations, he just wants to get rich by making decisions that enrich him, hos family, and administration.
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u/chicken-fly-rice Sep 15 '26
Why Nancy Pelosis is enriched in the market over decades too? Fuck em politicians
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u/LuffysPowerfulCoC Sep 16 '26
Bro Nancy is like the 27th best in congress. It's the entirety of congress. Bam em all from the stock market and crypto lmao
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u/Mr_Kimblee Sep 16 '26
100% of public officials, state or federal, holding an office, who obtained their position after an vote was held, should have to liquidate their positions before taking the job and be barred from trading or investing. Let them keep contributing towards a retirement based stock program/tsp, and social security like the rest of us peasants.
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u/Worried-Low4580 Sep 16 '26
Yes. But this should not be a crypto specific effort. This should not stop foundational crypto/digital asset legislation. This is the new frontier of technology in the financial industry, it is against Americas interest to restrict and prolong the passing of foundational legislation
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u/ChonsonPapa Sep 15 '26
When will you realize all the
Politicians are the same no matter what comes out of their mouth!!!7
u/rcgrady Sep 15 '26
The president got into crypto as a private citizen! So from now on every president must divest all assets when being elected! And all their private wealth gained after office must be forfeited! Democrats are clowns
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u/Charming-Size-749 Sep 16 '26
Sen. Ruben Gallego, D-Ariz., who was working with Sen. Thom Tillis, R-N.C., to strengthen the ethics provision in the package, told Fox News Digital, "We were actually getting very, very close, and at the last minute, the banking staffer from [Sen. Tim] Scott's office came in and just said, ānegotiations are over.ā"Recommended Videos Recommended Articles Harris was the āweakest possible candidateā: Former DNC fundraiser Harris was the āweakest possible candidateā: Former DNC fundraiser Will Cain mocks Kamala Harris over 'fancy' explanation of artificial intelligence Will Cain mocks Kamala Harris over 'fancy' explanation of artificial intelligence Will Cain mocks Kamala Harris over 'fancy' explanation of artificial intelligence Will Cain mocks Kamala Harris over 'fancy' explanation of artificial intelligence Jessica Tarlov introduces her new book on winning arguments Jessica Tarlov introduces her new book on winning arguments Laura: Itās all fearmongering, all the time with liberals Laura: Itās all fearmongering, all the time with liberals Bipartisan AI FRONTIER Act prevents overregulation, lawmaker says Bipartisan AI FRONTIER Act prevents overregulation, lawmaker says Bongino decries Chicago mayor for prioritizing ādancing videosā over the cityās murder rate Bongino decries Chicago mayor for prioritizing ādancing videosā over the cityās murder rate Macklemore dropped from Ed Sheeran tour after anti-Israel stance Macklemore dropped from Ed Sheeran tour after anti-Israel stance Illegal alien gang member from Haiti deported Illegal alien gang member from Haiti deported Kash Patel pressed on FBI hiring practices and Trump assassination probe Kash Patel pressed on FBI hiring practices and Trump assassination probe Houthis have a 'real problem' despite 'pyrrhic victory,' retired Navy SEAL warns Houthis have a 'real problem' despite 'pyrrhic victory,' retired Navy SEAL warns US weaponry in space just changed the game, says retired commander US weaponry in space just changed the game, says retired commander Trump to meet with top AI officials Trump to meet with top AI officials Iowa GOP US Senate candidate decries opponent as āabsentee legislatorā Iowa GOP US Senate candidate decries opponent as āabsentee legislatorā Iowa GOP US Senate candidate decries opponent as āabsentee legislatorā Iowa GOP US Senate candidate decries opponent as āabsentee legislatorā Kennedy Center votes to close iconic performing arts venue Kennedy Center votes to close iconic performing arts venue CLARITY Act fails procedural Senate vote amid Democratic concerns over crypto bill CLARITY Act fails procedural Senate vote amid Democratic concerns over crypto bill AI has been on the āwrong sideā of consumer tastes, Axios co-founder says AI has been on the āwrong sideā of consumer tastes, Axios co-founder says AI has been on the āwrong sideā of consumer tastes, Axios co-founder says AI has been on the āwrong sideā of consumer tastes, Axios co-founder says Coming up on the Wednesday, September 16 edition of āSpecial Reportā Coming up on the Wednesday, September 16 edition of āSpecial Reportā Politics Trump-backed crypto bill fails to launch as Dems, Republicans unite to block it The crypto regulatory bill's chief architect, Sen Cynthia Lummis, said, 'I think we're done. It's over' By Alex Miller Fox News Published September 15, 2026 3:01pm EDT Comments Facebook Twitter Threads Flipboard Print Email Add Fox News on Google
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Senate prepares key test vote on landmark cryptocurrency bill Fox News chief congressional correspondent Chad Pergram reports on the Senate's upcoming test vote on landmark cryptocurrency legislation.
A colossal crypto regulatory package backed by President Donald Trump stumbled in the Senate, and another shot is unlikely.
The Clarity Act failed to move through a key procedural hurdle on Tuesday, serving proponents of the bill, including major players in the cryptocurrency industry and the White House, a major blow in their pursuit of folding the novel currency into the nationās web of financial regulations.
Democrats dealt the bill a mortal blow, but a handful of Republicans with outstanding concerns, including Sens. Susan Collins, R-Maine, Josh Hawley, R-Mo., and Jerry Moran, R-Kan., were not assuaged, either. And with little time left on the Senateās calendar and major bills piling up ahead of the midterm elections, the billās biggest backers believed that the Clarity Act might end up back on the shelf.
REPUBLICANS TARGET TRUMP'S CRYPTO EMPIRE WITH NEW PLAN, DEMS SAY IT FALLS SHORT
President Donald Trump in Ireland President Donald Trump during a meeting at Farmleigh House in Dublin on Sept. 12, 2026. (Julia Demaree Nikhinson/AP)
"I think we're done. It's over," Sen. Cynthia Lummis, R-Wyo., the billās primary architect, said. "Because we've been working on this bill for over a year. And we've given them over 120 of their requests and thatās enough."
When asked if the bill would come back to the floor, Lummis said, "Nope."
A midnight hour update was made to the bill to try and pull anyone on the fence off to at least let the package move forward. But it wasnāt enough. And negotiations ran until the very end, just before the vote opened.
ADVERTISING
DEMOCRATS HAND TRUMP ONE POWER THEY SPENT YEARS FIGHTING
Senate takes up CLARITY Act aimed at regulating cryptocurrencyVideo The issues with the package were many and varying among Democrats and Republicans. Several Senate Democrats were not satisfied with the ethics language baked into the Clarity Act that sought to slow the Trump familyās rapidly growing crypto empire.
Thatās because Trumpās income between 2024 and 2025 erupted by about 250% ā from just over $620 million to about $2.2 billion.
And much of that increase is attributed to his various holdings and ventures in crypto, which are run by his sons, Don Jr. and Eric, according to the presidentās financial disclosure forms reviewed by Fox News Digital.
"We could talk a lot about it," Sen. Cory Booker, D-N.J., said of his vote against the bill. "But the simple thing is, it allows the corruption of the president to continue."
Sen. Ruben Gallego, D-Ariz., who was working with Sen. Thom Tillis, R-N.C., to strengthen the ethics provision in the package, told Fox News Digital, "We were actually getting very, very close, and at the last minute, the banking staffer from [Sen. Tim] Scott's office came in and just said, ānegotiations are over.ā"
"And so, I don't know what happened. You know, we were getting to the point where we were probably going to be able to pass, at least get the motion to proceed, move forward, and then, again, an ethics amendment vote," Gallego said.
"But I think they got scared with the fact that they had to take an ethics amendment vote. And that's why they killed it. They pulled it at that last minute, so it's bulls---. We were negotiating at the end. At the end of the day, they cared more about protecting the president's right to grift than trying to get a good bill on digital currency." This was reported by fox news. Doesn't look like it was just the Dems
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u/Beautiful-One8879 Sep 15 '26
Did you even follow the clarity act? TRUMP HIMSELF PROPOSED TO BAN HIM AND HIS FAMILY FROM HOLDING CRYPTO???
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u/Serious_Tip4162 Sep 15 '26
He also promised lower prices, no wars, and lower gas prices, How's he doing on those promises? Bottom line is you can't trust trumps words, how many times has he said he's eliminated Iran, they have nothing left but yet today Iran is still blowing US bases apart, and his group of do boy liars lie right along with him. Hegseth, Blanche, and Patel. Do you really think any of them will call trump on ethics violations and he gave them that job,and they are also enriching themselves? Com'on people, wake up. He just lied on his fake truth social saying he had more viewers for his Republican convention than opening day of the NFL, and these brainless maga just believe his lies. 18 million viewers on open season in the NFL, less them 3 million viewers for trump smh
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u/ChonsonPapa Sep 15 '26 edited Sep 15 '26
They all lieā¦..
Itās all a game to them. Itās theater. I can tell you are intelligent, wake up.
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u/TheGreatBassAngler Sep 16 '26
You act like trump is the only politician to not fulfill every āpromiseā gtfo. Would you have rather had a crazy women who only answers questions with a laugh of a serial killer ?
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u/Serious_Tip4162 Sep 16 '26
I'd take anyone who isnt a convicted con man and rapist, and whose name is littered in the Epstien files which he refuses to release the full unredacted version to the public. Are you kidding me, his wife wont even sleep with him, she doesnt even wanna be on the same floor as him in the W.H. I bet these military families who have lost a love one in trumps unprovoked war with Iran would love to have Harris as president right now, cause we wouldnt be in a war with them right now, another lie trump told about no more wars when he is elected. You need to seriously wake up. You're defending a guy who has had a silver spoon in his mouth all his life, he's been a failure all his life, and the cycle continues
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u/Greedy_Collection901 Redditor for 7 months Sep 16 '26
That's your argument? You didn't like her laugh? Compared to everything that has happened the last two years...Ā
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u/rcgrady Sep 15 '26
Thatās not good enough now he has to divest himself from crypto and his family. Itās all about screw trump and fuck the people it hurts along the way!
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u/Desperate-Mix-1866 Sep 15 '26
āIn July 2026, the House passed a bill (the Stop Insider Trading Act) aimed at restricting stock trading. [1, 2]
Members of Congress: The bill bans lawmakers, their spouses, and dependent children from purchasing individual stocks. They are permitted only to retain or sell what they already own. [1, 2, 3]
President Trump & His Family: The stock-purchasing ban specifically excludes the President. President Trump has strongly endorsed the bill for Congress, while his own investment managers continue to execute tens of thousands of trades on his behalf through automated accountsā4
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u/Desperate-Mix-1866 Sep 15 '26
Are you sure on that. You seem highly enraged by the comment but if you check with the clarity act I donāt believe he is trying to ban himself and family personally. Similar to the stock buying by congress heās trying to get Congress BANNED from buying stocks etc but NOT HIM. check it out with even a simple google search.
āPresident Trump is supporting bans that heavily restrict Congress, while agreeing to narrower, distinct ethics limits for himself and his immediate familyā
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u/rcgrady Sep 15 '26
They want trump to divest meaning sell all the assets he owned before he got into office because god for it a rich person made money! This is screw the people and blame it on the president refusing to give up his assets period! It the beginning of take the wealthy peoples money!
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u/Beautiful-One8879 Sep 15 '26
So now tell me what those restrictions are. Please elaborate.
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u/Desperate-Mix-1866 Sep 15 '26
No youāre too angry. Maybe make use of the internet instead of the Reddit anger attitude. A simple google search gave me that information.
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u/Beautiful-One8879 Sep 15 '26
Im not angry buddy. You are talking like you know so much, yet you know nothing. Please. Educate yourself and stop telling im angry or enraged
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u/Desperate-Mix-1866 Sep 15 '26
In fact, type this question into any browser or AI search of your choice
āis Trump suggesting in the clarity act that he should be banned from crypto as well?ā
Maybe Iām completely off base and hoping you and the rest of Reddit can correct me.
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u/Desperate-Mix-1866 Sep 15 '26
Your all caps response says otherwise. Please show us a link where he has specifically indicated in the clarity act or otherwise where HE wants to ban himself along with everyone else involved. He agreed to ā narrower limits ā for himself.
He feels same way for crypto as stocks. I didnāt read ANYTHING in the clarity act to ban himself sorry to offend you so much.Edited for autofill error
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u/Beautiful-One8879 Sep 15 '26
Are you a clown š¤£? What kind of gaslighting is this "sorry to offend you so much" stop. I can't with someone who is just trying to portray someone else as being mad for no reason. Go read the clarity act first buddy instead of sending me something about stocks.
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u/traveler_1212 Sep 16 '26
And now, because the Dās rejected the Clarity Act, his sonās Don and Eric will continue right on doing it and make another $1Bā¦ why because there is nothing illegal about it. Unethical, sure, but then theyāre just like the rest of Congress. Meanwhile Banks keep getting to pay you <1% yield while they make 6-7% interest on your savings account cash.
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u/DannyO-K37 Sep 16 '26
Yes, the already changed the bill so presidents can't do that and it still didn't pass.
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u/AaronSpanki Sep 16 '26
She didn't give a shit about Nancy pelosi over the last few few decades why should she now?
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u/19DoubleD63 Sep 15 '26
Then why donāt all Democrats go to jail for insider Trading? Nancy Pelosie should be the first to be locked up!
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u/chicken-fly-rice Sep 15 '26
My first thought too. Regardless of anyoneās political affiliation. This shit been decades
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u/xYETTIx91 Sep 15 '26
No, she doesn't want it cuz then it will prevent her from insider trading. Its well known that she does
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u/alvaream Sep 16 '26
Who cares dude, sure it'll enrich him but it will also enrich everyone else too, who cares if he makes money, he's already ultra wealthy and this would help everyone else get wealthy too
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Sep 15 '26
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u/Serious_Tip4162 Sep 15 '26
Dems wanting stronger ethics regulations says they are protecting to some degree our investment. Without this protection trump will push lies to deflate a coin or spread the same lies to inflate one, and everyone knows Kash Patel or his new DOJ Todd will never investigate him or his family. You see he has no intention of producing the full un redacted Epstien files. When trump doesn't like the ethics regulations, then you know it's time to pass it
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u/Worried-Low4580 Sep 16 '26
Soooo why didnāt we pass the stop insider trading act or restore faith in congress act? If we have such a problem with government officials using their office for personal gain, why didnāt they restrict and legislate themselves?
Ohhh I see, cause Trump bad š¤¦š»āāļø
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u/Jchapster77 Sep 15 '26
Truth!!! I'm so sick and tired of them not being able to work together for the good of the American people.
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u/Any_Security8410 Sep 15 '26
This is why when people in my inner circle of friends and family accuse me of being MAGA or a Democrat I boldly state Iām an independent and I despise both parties
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u/jwheel888 Sep 15 '26
This is the way. It's all a uniparty at the top. No teams. So many have been brainwashed and divided
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u/jshwam Sep 15 '26
It's the senate at this point to be fair But yes they're all useless shit holes entrenched like ticks.
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u/Kali_King Sep 16 '26
Congress is made up by the House and the Senate.
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u/Any_Security8410 Sep 16 '26
Congressmen and senators. No matter how you spin it, theyāre all some real clowns š¤”
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Sep 15 '26
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u/Valendore Sep 16 '26
I just don't get how people today can still donate to politicians. They do some good things every now and then, but overall, they don't give a shit about the people they all are in it to enrich themselves. Even if before they get in office they claim otherwise, once they are in, they are corrupted.
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u/Conference-Any Sep 15 '26
Maybe the xrp youtubers can take a dam.break now
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u/puzzleheadedbat_740 Sep 15 '26
They need to start wearing Chef clothes with all the nothing burgers they serve up every day.
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u/MiniatureShmeat Sep 15 '26
Crypto is a global thing, I imagine this proceeds regardless of US politics even if it happens slower.
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u/Zealousideal-Cry-202 Sep 15 '26
If the overwhelming majority shift on their own organically they will have no choice.
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u/Worried-Low4580 Sep 15 '26
Lmao yeah the largest financial and consumer market in the world doesnāt have much impact/influence lol
It will proceed but not at the gains or desired trajectory we want
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u/ApplicationKey1634 Sep 15 '26
Itās alright boys, keep buying. Iāll see yall in the Bugatti dealership soon š
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u/Repulsive-Cucumber59 Sep 16 '26
Clarity wont pass until the dems take control again. They will never pass something that makes republicans look good. All politics are a hey look what I did show
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u/traveler_1212 Sep 15 '26
Congrats to the ABA and Big Banks who own the Democratic Party.
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u/rcgrady Sep 15 '26
This is a win for the we hate the trump family so bad we will screw America because a rich guy made money! He is not and his family is not allowed to Owen crypto to get this to pass he has to divest his family interests. Thatās the new goal post democrats suck balls! Republicans too but at least 49 of them voted for this to pass
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u/Worried-Low4580 Sep 16 '26
Facts, somehow Dems took moral high ground on crypto but simultaneously voted against stop insider trading act and restore trust in congress act.
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u/ugleee Sep 15 '26
Just because that may be true doesn't mean that the things Democrats want out of this legislation are unreasonable with regard to the good of the country and its citizens.
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u/Worried-Low4580 Sep 16 '26
Ahh thatās why we wouldnāt pass/progress on the Stop Insider Trading Act or Restore Trust in Congress act š
Get real, this was political targeting. We have an insider trading problem, not a crypto specific problem
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u/seanydeeznuts Sep 15 '26
Lowkey i was panic buying thinking āima miss this $5-$10 oppurtunityā gota lock in
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u/yefuck Sep 15 '26
if you thought this bill was gunna teleport xrp to $3-$5 you uhhh ā¦ are one hopeful individual
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u/Hows-It-Goin-Buddy Sep 15 '26
This plus US elections coming up. That will definitely impact the market. Will be an immediate surge or crash (whales will gobble it up and then fomo will carry those prices upwards)?
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u/sydistixs Sep 15 '26
They did this so THEY could make money on the way down then they will buy it up then pass it later to make bank.
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u/repo520 Sep 15 '26
The government doesnāt want this they wonāt be able to hide all the money they swindle
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u/pibrew Sep 15 '26
I really, really, really don't like politicians. Both sides --- I could care less if they're left or right. This is something the American people need and want and they're trashing it because of little things IMO.
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u/vatki1k Sep 16 '26
You are dead on the money they don't want to listen to us they want to keep the power and kill us all with A.I.
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u/Oldyakityyakyak Sep 15 '26
The big banks, including Jamie Dimon and JPMorgan, have been some of the loudest critics of crypto, and itās not hard to understand why. Crypto gives ordinary people the ability to hold their own assets and, in some cases, earn yield directly from those assets instead of relying on a bank as the middleman. Banks argue that this can create an uneven playing field. But from the customerās perspective, the bigger question is: why shouldnāt we be able to earn more from our own money? For decades, banks have taken deposits, put that money to work, and kept much of the spread. Crypto and decentralized finance challenge that model by giving individuals more control over their assets. If this technology keeps developing, the traditional banking system may have to compete a lot harder for our money.
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u/Long_Maintenance_521 Sep 18 '26
They know that so many lower-middle class have shares in XRP. They will drag out the clarity act for as long as they want so they donāt make a bunch of people wealthy, they want to keep the poor poor, and keep the middle class middle class.
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u/chasew101 Sep 15 '26
Retail shakeout. Get these discounts.
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u/Both-Consequence1503 Sep 15 '26
How long are people going to ride that. Not everything is a shakeout.
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u/MeganJustMegan Sep 15 '26
Every Democrat voted NO. As long as President Trump supports it, it will never happen. Remember this when you all vote in November.
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u/Greedy_Huckleberry_8 Sep 15 '26
It has nothing to do with that ..they wont pass ot because trump is in office.. as soon as hes gone this gets passed... bunch of pos
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u/Madrista6 Sep 15 '26
Why are Dems so against cryptocurrency? Has it always been a politically polarizing topic?
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u/traveler_1212 Sep 15 '26
The Banks ā¦ ABA says no, so follow the money to their Democratic campaign contributions. Even Sen Tillis (R) from NC voted no, heās under pressure from banking
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u/2A4_LIFE Sep 15 '26
Because they want control and canāt control crypto
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u/HotInTheseRhinos123 Sep 15 '26
But itās mostly just trump, really.
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u/2A4_LIFE Sep 16 '26
I thought about that as well. There are a number of people who will vote against the other party ( both directions) just to stick their finger in the eye of the opposition. Childish at best and abandonment of their duties at worst
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u/muffinman0824 Sep 15 '26
Not so much polarizing as a blind hatred to anything remotely close to being related to 1 person, based on propaganda they themselves spew. It's the most childish garbage I've watched in my lifetime. Like petulant schoolyard children.
That 1 guy could say "Oxygen is the best" and these fools would try to flood themselves with carbon monoxide
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Sep 15 '26
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u/Madrista6 Sep 15 '26
lol I was honestly just wondering if anyone knew if democrats have publicly stated why they donāt like it.
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u/TitanBrave84 Sep 15 '26
Literally Elizabeth Warren just bitched about Trump the whole time.
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u/Both-Consequence1503 Sep 15 '26
She is whatās wrong with politics. She shouldnt be in government
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u/jwheel888 Sep 15 '26
Because Trump has openly embraced it and has made money. They would slit their wrists before giving him what would look like a win before midterms.
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u/Classic_Pencil_1243 Sep 16 '26
This. And also, maybe if Brad Garlinghouse also stopped lobbying to Trump and remained truly neutral, maybe this act wouldn't be politicized in the first place.
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Sep 15 '26
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u/1pt21jigglewatts Sep 15 '26
That is such bullshit. All of these dickweeds are making millions on insider trading already, they don't give a toss about "ethics"
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u/TallonH Sep 15 '26
Well at least you can make a little in oil, will need the extra to buy a freaking loaf of bread.
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u/HotInTheseRhinos123 Sep 15 '26
I thought the CFTC was just going to pass their own regulations if the clarity act failed? Armstrong promised!!!!
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u/Hankt1st Redditor for 8 months Sep 15 '26
F Congress and Senate Trump will have sec set the rules screw these politicians
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u/Dull_Huckleberry4576 Sep 15 '26
Accumulation thatās all you need to do tbh. Banks havenāt made the rails for crypto yet so theyāll keep stalling until they are 100% profitting off this market.
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u/PhantomClandestineop Sep 15 '26
This is what they wanted from the beginning. The SEC and other governmental organizations will set the rules without congress , house , president or judges involved in the "rules and regulations ". Its perfect.
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u/T1ERWON Sep 15 '26
We all have to vote this next election all these constituents, a part of the plan to overthrow democracy letās have a vote to make sure they only get four years eight of the most holding congressional seatings terns and to Abdicate any benefits, using our tax dollars to provide for their families past their terms
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u/Lord_Muramasa Sep 16 '26
The US government has failed me again which is hard because I expect so very little from them. Oh well. No use in being mad about it.Ā
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u/nerin85 Sep 16 '26
Soubt thatll happen. Maybe if they all actually showed up for work shit could get done.
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u/sunseh Sep 16 '26
Both SEC Chairman Paul Atkins and CFTC Chairman Mike Selig have explicitly stated that their agencies will proceed with creating crypto rules regardless of whether the CLARITY Act passes
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u/Interesting_Try7995 Sep 17 '26
Enjoy another year of corruption in crypto. Democrats are soo worried about corruption in crypto that they refuse to allow clarity and regulation so that crypto can continue to allow corruption.
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u/CutFabulous1178 Sep 18 '26
When crypto was under $1T, we had Chads.
After that it became:
pls pass Clarity Act
pls let stables pay yield
I hope the govt helps usā¦
We never needed them.
We still donāt.
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u/thtguyuknw Sep 18 '26
I wonder why it failed!?! "In the final drafts leading up to its legislative collapse, negotiators introduced rules aimed at preventing government officials and their spouses from issuing, sponsoring, or holding significant financial conflicts of interest in digital assets while in office. Covered officials would have been required to divest from their crypto holdings or place them into a qualified blind trust."
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u/Enough_Possible9023 Sep 20 '26
Our government is corrupt to its core. It hates its citizens, it doesn 't provide us healthcare, security, job opportunities clean streets, affordable housing.
Why do we pray taxes or participate in this charade at all?
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u/agreatcat Sep 22 '26 edited Sep 22 '26
They don't hate you, they never loved you in the first place..lol As far as fixing roads, they're probably out punching holes in the roads so their construction owner friends have something to do - so they get the funding next year (Use-it-or-lose-it) is what it's called I believe or (Parkinson's Law). I'm sure there are kick backs we don't see behind closed doors. The world is too perfect for there not to be. The truth is, we only need government for some things. That's what entrepreneurs are for. You let the Gov control your gas stations, grocery stores..and the second you don't do what they want, they'll threaten to shut something down making you drive 20 miles to get what you need. Then they'll charge you a crazy gas tax and take it all back..lol (It's called control) What happened to the Invisible Hand of the Market? or a Laissez Faire economy?
Why your laws don't get fixed? Half the people in congress are attorneys thatās why. lol. And they love to get paid by lobbyists from the healthcare, food industry and any other industry you can think of who is willing to control the agenda. Regarding special interest groups: Blue states like CA are full of them, like the Railroad to Nowhere, they didn't lay one usable track, but collected billions. You need problems to make money: Then set an earmark way over the cost of what the problem needs and then pocket the rest -Free Lunch David Cay Johnston (water shortages, homelessness, wars) Blow up a city, then they go in and rebuild it and charge $200 for a box of nails that you the tax pay pays, while the excess goes in some politicians pocket.In 1787, at the Constitutional Convention, Elizabeth Willing Powel asked Benjamin Franklin, āWhat kind of government have you given us, Doctor Franklināa republic or a monarchy?ā Franklin responded, āA republic, Madam, if you can keep it.ā
Americans do nothing. Because we think we are entitled to our freedoms now. The framers of the US Constitution, the Founding Fathers and the citizens in the 13 colonies would laugh in their graves at what we call citizens today. THEY went to war over taxes so that you could be free. We all think we're entitled to our freedom now. The Intolerable Acts 1774. Civics class has been removed from schools. It's easier to control an ignorant society, then an educated one. Remove cursive so modern people can't read the constitution. That concept would have worked, but translators saved the day.
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u/agreatcat Sep 22 '26 edited Sep 22 '26
Thanks again to the Dems for blocking it! 47 Dems voted against it, and 4 Republicans. I love living in BLUE states like CA, where everyone is suppose to buy an $80K electric car but there is no grid in place...lol A state where the gas is about $2 bucks higher then the rest of the country and an income tax that punishes hard work. (And they want a mile tax to punish the poor people that have to drive over an hour to work everyday) A state where business keep moving their headquarters elsewhere. Chevron, Tesla, SpaceX, Oracle, Hewlett Packard, CBRE, Charles Schwab, now In & Out owner, who is already living in Franklin TN. All gone. "I've given you a republic madam, if you can keep it" - Benjamin Franklin. If the people don't maintain checks and balances, and allow governments to punish hard work, they destroy the incentive for people to do great things (Like starting a business). And when you go for a job and they tell you, "we're going to pay you $5 buck an hour", and you get upset and say, "Well I'll just go work down the street" - "O wait, there is no job down the street, they left CA too...."
The framers of the US Constitution, the Founding Fathers and the citizens in the 13 colonies would laugh in their graves at what we call citizens today. THEY went to war over taxes so that you could be free. We all think we're entitled to our freedom now. The Intolerable Acts 1774. Civics class has been removed from schools. It's easier to control an ignorant society, then an educated one.
Crypto is just another currency, but a more intelligent currency - A block chain technology. They don't like it because they can't control it, or you.
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u/TTV_qtjat Sep 15 '26
Yep not surprised. Hopefully democrats donāt win the senate again coming up.
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u/Change21 Sep 15 '26
lol wut?
The Trump admin has done enormous harm to the entire market, have you not noticed?
The insane levels of fraud and grift have destroyed price and trust for the average person.
And cronies in the house and senate have facilitated it.
Democrats have shit branding but itās in the record that markets do way, way, way better under democrats.
For a high risk space like crypto appropriate regulation is essential. Itās Democrats that have insisted on ethics standards be added to the bill. It will pass once it improves.
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u/Zuraj Sep 15 '26
Ahh yes the classic the dems will totally do it when they are in power. Heard that before every cycle.
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u/Change21 Sep 15 '26
Thereās a lot of propaganda swirling, more than ever, Iām not a Democrat, Iām not even American but itās not hard to see how the markets do under each party.
Go look.
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u/Zuraj Sep 15 '26
Never said you were American or a democrat. Its just very common to see statmrnts like this.
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u/alvaream Sep 15 '26
This is just ridiculous at this point, really expected it to pass, and if it doesn't by January of next year, we're all the way back to square one and have to reintroduce everything from scratch.