Veronica 💫

Crypto’s biggest donors expected to call the shots in 2025. That bet may not be paying off how they’d hoped. Heres what I found [link in reply]

In a surprise turn of events, the Senate Ag Committee suddenly removed CFTC Chair nominee Brian Quintenz (+ another nominee) from today's vote roster. The committee needed all GOP members present for their votes & 1 senator's plane was delayed returning to Washington, per staff

Polymarket has acquired QCEX, a CFTC-regulated exchange and clearinghouse, for $112 million. This paves the way for us to welcome American traders again. I've waited a long time to say this: Polymarket is coming home 🇺🇸🦅

Update on this timeline: The report is officially due tomorrow, but a White House official tells me it will be released to the public before the end of the month.

Update: This morning at trial, defense counsel asked the government's forensic analysis witness whether prosecutors asked him to trace these funds. Answer: *No* So to recap, the government seemingly skipped diligence & put up a witness with no link to Tornado Cash at all?!

This would be such a stunning lack of diligence that I *want* to give prosecutors the benefit of the doubt. But @tayvano_ compellingly argues that their *opening witness* in Roman Storm's case didn't actually lose funds to Tornado Cash. Government needs to explain ASAP.

Brian Quintenz is getting a Senate Ag Committee vote Monday afternoon to lead the CFTC agriculture.senate.gov/hearings/busin…

🚨BREAKING (I rarely use that term anymore, but this time I think it’s warranted 😁): All *three* crypto bills just passed the House and the GENIUS Act is now headed to @realDonaldTrump’s desk to become the first major piece of crypto legislation signed into law. Despite the…

🚨NEW: The White House is preparing for passage of the GENIUS Act today, with a signing ceremony for industry leaders and lawmakers being noticed for 2:30PM EST tomorrow, according to some invitees.

BREAKING: OFFICIAL HOUSE VOTE TO ADVANCE CRYPTO BILLS PASSES FINAL GENIUS STABLECOIN ACT VOTE EXPECTED TOMORROW ❌ First vote: 196-223 ✅ OFFICIAL SECOND vote: 217-212

Over the past hour, the "no" votes have slowly gone up, with 9 Republicans and 211 Democrats currently voting against, vs 208 Republicans in favor.

Here's where we're at: Conservatives want CBDC language added to House market structure crypto reforms. The authors of the bill on the House Financial Services Committee are pissed, because the CBDC language will cost the package Democratic votes. Loggerheads.

FYI - there's a whip count in here. As of yesterday afternoon, before the House Freedom Caucus kerfuffle: GENIUS: R: 214 yes, 3 no, 3 maybe D: 69 yes, 108 no, 33 maybe CLARITY: R: 218 yes, 0 no, 2 maybe D: 28 yes, 55 no, 21 maybe What I'm watching: How much Trump's…

For those catching up on the drama last night with crypto week, it’s nearly all political vs substance/policy. Camps break down into “anti-just-take-whatever-the-Senate-sends-you-and-do-it sentiment”, anti-Trump, and attempt to hold the Senate to taking up CLARITY and anti-CBDC

Trump says the House's GOP holdouts have "all agreed to vote" in favor of the crypto rule tomorrow morning.

Hearing a LOT of skepticism that the HFC votes were actually about a CBDC. There's a lot of bad blood within the Republican party after the OBBB.

Coin Center has stood for software developers and the right to publish and use non custodial tools for more than a decade. We were not one of the "DeFi leaders" quoted in this piece. We support the passage of CLARITY. It protects devs.

Seems like all the heavy hitters in the crypto policy space were blindsided by the failure of this procedural vote. "Welcome to the Animal House," one texted me. Folks still seem cautiously optimistic. Three lobbyists now have told me that they're banking on POTUS to get…

This explains everything