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Full Clarity: The Crypto Heist Happening Right Under Our Noses.
The Trump family crypto grift moved into high gear by clearing an important legislative hurdle this week. The CLARITY Act officially moved out of committee and now goes to the Agriculture Committee before being paired with the House version and going for a final vote. Despite valiant attempts by Elizabeth Warren to put some guardrails and ethics provisions in place, the GOP shot them all down. Hundreds of millions in lobbying from the crypto industry has been sunk into a bill that has the potential to damage the banking system and enrich the President’s family. This is an update to an ongoing story about the ultimate financial heist happening in real time and right under our noses. Resources CoinDesk: Clarity Act Markup Session Bloomberg: Quiet Token Sales Boosted Trump Crypto Wealth by $660 Million CNBC: Crypto industry scores win as Clarity Act regulation bill clears Senate hurdle Public Citizen: Big Crypto, Big Spending: Crypto Corporations Spend an Unprecedented $119 Million Influencing Elections American Bankers Association: ABA Community Bankers Council Letter Urging Senators to Close the Stablecoin Loophole Circle Stablecoin Reserve Tether Stablecoin Reserve Senate Banking Committee Markup News: Chairman Scott, Senate Banking Committee Advance Clarity Act in Historic Bipartisan Vote UNFTR Resources Episode: Trump Is Looting the Treasury. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Support the show: https://www.unftr.com/memberships See omnystudio.com/listener for privacy information.
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