John E Deaton
John E Deaton|Jul 22, 2026 15:41
Heed the words of @brian_armstrong. Switzerland, Singapore, UAE, EU, Australia, Cayman Islands/Bermuda have established clear regulatory rules for Crypto. But not America - not yet. Even RUSSIA passed the country’s first comprehensive crypto regulation law, with most rules effective September 1, 2026. If the U.S. Senate doesn’t pass the Clarity Act - those who vote no - truly don’t care about America leading the world related to financial innovation. In sum: THEY HATE TRUMP MORE THAN THEY LOVE AMERICA. I’ve been very critical of President Trump regarding conflicts of interests and the grift related to Crypto. The Trump Meme Coin is an abomination. More than a million retail investors lost over $3 billion while Trump and company made $600 million. Insiders sold as regular people bought into the hype. The fact that President Trump made $1.4 billion in Crypto - surpassing Coinbase’s $1.3 billion in profit - is not a good thing. But Trump and his family have made the money already. And they will continue to make money during the next 2 years. If Democrats vote no - they’re voting no to stop something that has already happened and will continue to happen IF THE CLARITY ACT DOESN’T GET PASSED. It makes no sense. The ethics provision has been described as barring the president, vice president, lawmakers, and senior officials from profiting from crypto while in office - which would be new and meaningful if enacted as described. Assuming that’s the text of the legislation, it actually gives the Democrats what they wanted. Passing the Clarity Act gives Democrats more than not passing the Act. Voting no simply means they don’t want to give Trump a perceived legislative win. Hence, they hate Trump more than they love America. The win is for America not Trump. 🇺🇸(John E Deaton)
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