Amanda Fischer
@amandalfischer
financial policy @bettermarkets. Former SEC chief of staff and adviser in the U.S. House and Senate.
That Coinbase wants to abolish the CFPB should be very instructive to Democrats as potential bipartisan crypto legislation is considered.
100% the right call The CFPB is unconstitutional on the face of it. And even if it wasn’t, it should be deleted as we already have DOJ to prosecute fraud, and (many) other financial services regulators. It’s an activist organization that has done enormous harm to the country.
a very good sign that something billed as “stable” and the “future of money” has a CNBC ticker tracking price moves against the dollar
Anyone who thinks the FDIC’s RFI on ILCs is same-old should think anew. As I point out this week, the RFI makes it clear that the FDIC is contemplating consequential changes likely to change the competitive balance between legacy banks and nonbanking companies, crypto and huge…
Ok, lots of legitimately funny stuff here
"I am so tired of making phone calls at 2, 3, 4 o'clock in the morning, getting calls from our great speaker. 'Sir, we have 12 hard nos,'" Trump recounts at the GENIUS signing ceremony. "They just want a little love. Unfortunately, it's always the same. Always the same 12 people"
coinbase has some of the most insane dark patterns I've ever seen. like this "instant withdraw" thing that eats 1.75% (and is turned on by default). holy shit man - the PMs are total maniacs. using the app is literally like trying to dodge bombs.
Congress literally passed a deregulation bill in 2018 that led to a financial crisis in 2023
The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis. Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and…
Turns out the IMF did in fact make El Salvador stop Bitcoin purchases in order to get a fiat loan. Footnote #9 states they have just been making it appear as if they have been continuing to buy but in fact have just been consolidating multi government wallets. Source :…
Now @RepStutzman talking about the fear of the Fed tracking all our activity with a non-existent CBDC. Sir, the Indiana Attorney General is trying to get gynecological records of women in your state.
Shorter version of Republican speeches on CBDCs and crypto:
Lots of breathless anger about a hypothetical, non-existent central bank digital currency from @tomemmer and @WarrenDavidson which rings a little hollow given the Palantir database of our personal data WHICH IS ACTUALLY HAPPENING now
Lots of breathless anger about a hypothetical, non-existent central bank digital currency from @tomemmer and @WarrenDavidson which rings a little hollow given the Palantir database of our personal data WHICH IS ACTUALLY HAPPENING now
Great to know that Republican @SECGov Commissioner Mark Uyeda is hiring while the Commission sheds staff and pushes buyouts on key mission areas Belt tightening for thee and not me! sec.gov/about/careers-…
Lmao "Mr. Speaker, Rule 17 doesn't allow all these personal attacks!" Sir, the rule-breaking you're concerned about is saying mean but true things about Trump and not *waves hands at everything else*....???
So @RepFrenchHill now getting very upset that Democrats are talking about President Trump's crypto corruption during debate on legislation to codify Trump's crypto corruption
So @RepFrenchHill now getting very upset that Democrats are talking about President Trump's crypto corruption during debate on legislation to codify Trump's crypto corruption
Now @RepMaxineWaters pointing out a sneaky provision in the stablecoin bill that lets Bitcoin-collateralized repo to count as “safe” reserve assets for stablecoin companies
Cackling at @RepMaxineWaters saying of the stablecoin bill, “we are supporting the same billionaires that sponsored Trump’s Stalinist military parade.”
Imagine having to work late because of intra-party fighting about FartCoin
Cole exits the Speaker's office sounding more than a little peeved. "We're going to wait for a while longer, and if we don't hear anything, then we're headed home" Are we going back to rules tonight? "I'm doing whatever my leadership wants me to do."