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@TFTC21@TFTC21

Former Anthropic researcher Jacob Coxon on Fox News with Hannity. "I agree with President Trump's tweet that global warming doomsday scenarios were overplayed." Admits past catastrophic warnings have been "fear mongering" but argues AI is different because of how fast the technology is advancing. "We won't have time to respond to it before it's too late." x.com/FoxNews/status…

@TFTC21@TFTC21

David Sacks telling CBS News that tech leaders like Anthropic's Dario Amodei have a responsibility to ensure their products are safe and should "step aside" if they can't control what they're building.

@TFTC21@TFTC21

Chamath on his mom calling him about AI doom. "What is this whole civilizational death thing? I don't know how to explain it to her." Jensen Huang's response. "We shouldn't, because it's made up. Somebody has to take accountability for all of the stupid predictions that were made." x.com/TheChiefNerd/s…

@TFTC21@TFTC21

Mitch McConnell returning to the Senate floor tomorrow for his first vote since his fall in June. He'll be back for the CLARITY Act cloture vote. x.com/senmcconnell/s…

@TFTC21@TFTC21

"The best use case of fiat is to buy Bitcoin. The best use case of the fiat system is credit." @AlexandreLaizet on why corporate Bitcoin demand already doubles daily miner supply. x.com/TFTC21/status/…

@TFTC21@TFTC21

American Bankers Association CEO Rob Nichols emailed every bank executive in the country today urging them to contact their senators before tomorrow's CLARITY Act vote. "The current stablecoin language is a threat to economic growth." The banking lobby making its final push ahead of tomorrow's 2:15 PM cloture vote.

@TFTC21@TFTC21

President Trump on tech executives calling for an AI slowdown. "These people are revolutionaries for a bad and evil cause." Says they are "working for other people and do not have the best interests of the US in mind."

@TFTC21@TFTC21

BPI on what the revised BRCA actually means for developers. The criminal safe harbor language referencing Section 1960 was dropped from the final CLARITY Act text. But BPI argues the revised BRCA still improves developers' legal position on the civil and regulatory side. Two of Section 1960's three criminal predicates are built on the licensing and registration regimes that BRCA now explicitly excludes non-custodial developers from. If a developer isn't a money transmitting business under the BSA, they can't fail to comply with BSA registration. The third predicate, involving transmission of illicit funds, is the live theory behind cases like Tornado Cash and Samourai. BRCA doesn't close that door. Congress had an express criminal carve-out in multiple drafts and chose to remove it as part of a deal sponsors themselves labeled "civil only." "Removing that sentence does not reverse the underlying law." But it does leave the essential criminal question to the courts instead of settling it in statute. "You do not become a money transmitter merely because you wrote or operated software through which other people transmit their own money." The revised BRCA supports that proposition. It no longer enacts it for Title 18.

@TFTC21@TFTC21

Morgan Stanley's Amy Oldenburg on Bitcoin as digital gold. "That is probably one of the areas that is the strongest and does garner the most attention" for clients. The firm just published a second research piece reiterating the digital gold thesis.

@TFTC21@TFTC21

"Bitcoin on the balance sheet is not only for the investment side. It must be for the operational side." @HubertusVIE on why the Saylor flywheel isn't enough and Bitcoin has to enter real trade to actually win. x.com/TFTC21/status/…

@TFTC21@TFTC21

Trump called Jensen Huang live during an All-In Podcast interview. "The great thing about Jensen is that he can create the best AI chip in the world but can't figure out how to put me on speaker phone."

@TFTC21@TFTC21

"The United States government decides that this is the only asset the government does not want to sell." @AlexandreLaizet says only 2% of global capital can buy Bitcoin directly. The other 98% can only touch securities. x.com/TFTC21/status/…

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Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.

Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.