Senator Chris Van Hollen
@ChrisVanHollen
U.S. Senator for Maryland
947 Following 290.4K Followers
In August, we stopped the Clarity Act, but when the Senate returns this week the crypto industry & their Republican flunkies in Congress will try again.
As is, this bill does nothing to stop Trump's crypto corruption or the use of crypto by bad actors.
We can't let this pass.
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The Trump Admin has now approved a bank charter for World Liberty Financial, Trump's family-owned crypto scam.
The company, the deal, the entire process is corrupt to the core.
As I said in February to the Trump official in charge of this: it was only a matter of time.
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For years, big banks used overdraft fees to prey on working Americans.
Under Pres. Biden, the CFPB put an end to this scam, but Trump & his billionaire buddies turned back the clock.
If Republicans care about working people, they should act like it:
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Kevin Warsh has done a 180 on his approach to economics. Conveniently, this coincided with his nomination to be Trump's Fed Chair.
As Fed Chair he needs to make decisions based on the data, not the politics.
While I hope he can do so, I'm not convinced:
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Glasses were placed in front of us but we did not drink them. I know that may be a confusing concept for Director Patel.
