Scott Melker (The Wolf Of All Streets) on Politics — predictions scored

"if they kill the Clarity Act, what people don't realize is that the Genius Act, which is already passed into law, is actually worse for the banks. It's a really interesting nuance that I don't think people are really understanding. The Genius Act bans issuers like Tether and Circle from allowing yield, but they don't then extend that to the second parties like Coinbase and the other exchanges. Right now, Coinbase has the best possible scenario. They can offer yield or rewards or whatever you want to call it to their customers just for holding USDC on the platform. "

"Jamie Dimon here is advocating basically to kill the Clarity Act or at least to fix the Clarity Act so it doesn't offer these yields, but what they're doing is actually going to kill it dead on arrival and they're going to be in a worse situation. "

"US CFTC files request to erase Gemini settlement that is no longer considered fair. Now he has his CFTC going back and erasing actions from the previous CFTC when the Trump administration was not in power. So, if you're doubting his words, he is very serious about this and will likely continue to correct the record on unlawful enforcements that we saw in the past. "