Could the GENIUS Act set the tone for the Clarity Act? Treasury Secretary @ScottBessent says the US Treasury is working to implement the framework set out in the GENIUS Act after @POTUS and Congress passed it. The historic legislation establishes the first-ever federal framework for payment stablecoins and the rules of the road for deploying digital dollars. Is this a positive for the Clarity Act passage?

Scott Bessent engineered the trade that BROKE the Bank of England. Do you really think he’s too stupid to understand how America could benefit from Europe breaking next? In 1992, he helped Soros and Druckenmiller bet against the British pound. Their fund made more than $1 BILLION. Now he’s defending rising U.S. borrowing costs by pointing out that it’s happening elsewhere too. Investors aren’t abandoning America for Germany or Japan. Read that again. Governments compete for the same investors’ money. If people become less willing to lend, governments have to offer higher interest rates. Their debt gets more expensive. But America doesn’t have to look financially healthy if the alternatives look even worse. Now put the conspiracy hat on: What if weakening Europe is part of the strategy to rebuild America? Investors get scared of European debt. Some move their money into U.S. debt instead, helping Washington fund itself. Businesses see better conditions in America. Investment, factories and jobs follow. Europe loses money and industry. America gets both. It’s just a theory. But do you REALLY think a man who helped make a fortune betting against Britain wouldn’t recognise the opportunity? “America First”

Scott Bessent last month: "I am the house now... you can bet against me if you want." US bond yields since then: 10-year: up 49.7 bps 20-year: up 44.0 bps 30-year: up 42.5 bps Scott Bessent, this month: "I do not control the bond market."