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VOICE ARCHIVE

Brendan Pedersen

@brendanpedersen
25 posts
2026-03-04
a quick survey of my text messages over the past 10 minutes suggests that there is a diversity of opinion about who is responsible for the delay in finding a stablecoin compromise reminder that we're here because Sen. Tillis (R-NC) embraced banks' arguments about yield risks
2026-03-04 View on X
CoinDesk

Trump says “the GENIUS Act is being threatened and undermined by the banks”, which are holding the CLARITY Act hostage, as they oppose stablecoin yield payouts

U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.

President Trump says the GENIUS Act, which regulates stablecoins, “is being threatened and undermined by the Banks” says market structure reforms must be completed by Congress “ASAP” banks and crypto have been negotiating a compromise on stablecoin yield [image]
2026-03-04 View on X
CoinDesk

Trump says “the GENIUS Act is being threatened and undermined by the banks”, which are holding the CLARITY Act hostage, as they oppose stablecoin yield payouts

U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.

a quick survey of my text messages over the past 10 minutes suggests that there is a diversity of opinion about who is responsible for the delay in finding a stablecoin compromise reminder that we're here because Sen. Tillis (R-NC) embraced banks' arguments about yield risks
2026-03-04 View on X
Politico

Sources: President Trump met with Coinbase CEO Brian Armstrong on March 3 before publicly bashing banks for their GENIUS Act stance, echoing Coinbase's position

Jasper Goodman /Politico:

President Trump says the GENIUS Act, which regulates stablecoins, “is being threatened and undermined by the Banks” says market structure reforms must be completed by Congress “ASAP” banks and crypto have been negotiating a compromise on stablecoin yield [image]
2026-03-04 View on X
Politico

Sources: President Trump met with Coinbase CEO Brian Armstrong on March 3 before publicly bashing banks for their GENIUS Act stance, echoing Coinbase's position

Jasper Goodman /Politico:

2026-01-15
News: The Senate Banking Committee will delay its markup of a landmark crypto bill, according to a notice sent out to staff tonight. The bill, which has been subject to months of bipartisan negotiations, was dealt a massive blow Wednesday by Coinbase CEO Brian Armstrong [image]
2026-01-15 View on X
CoinDesk

Coinbase pulls support from the US Senate's crypto market structure bill ahead of a key vote; CEO Brian Armstrong says there are “too many issues” with the bill

CEO Brian Armstrong said there were “too many issues” with the bill.  —  Coinbase CEO Brian Armstrong said the exchange …

2025-10-24
In 2023, the SEC complaint against Binance had internal messages which, among other things, showed Binance's *chief compliance officer* put in writing that “[w]e are operating as a fking unlicensed securities exchange in the USA bro.” [image]
2025-10-24 View on X
Bloomberg

Trump's pardon of CZ is a gift to the crypto industry, which has spent heavily to ease regulations and rewrite history to remove associations with criminality

The move by Trump comes as his family works to profit from coins.

In 2023, the SEC complaint against Binance had internal messages which, among other things, showed Binance's *chief compliance officer* put in writing that “[w]e are operating as a fking unlicensed securities exchange in the USA bro.” [image]
2025-10-24 View on X
Wall Street Journal

President Trump pardons convicted Binance founder Changpeng Zhao, following months of efforts by Zhao to boost the Trump family's World Liberty Financial

reporting no longer grounded in truth. The facts are clear and stated as follows: 👇 @acyn : Collins: Can you explain why you chose to pardon the founder of Binance and did it have ...

2025-10-04
Coinbase going for a national trust bank charter. Trusts theoretically have more limitations than other types of banks when it comes to business activities, but the distinction has blurred over the years...
2025-10-04 View on X
Bloomberg

Coinbase applies for a national trust company charter, says it “has no intention of becoming a bank” and the charter will allow expansion in areas like payments

Coinbase Global Inc., the largest US crypto exchange, is seeking a national trust company charter from the Office …

2025-09-11
Not something you see every day — Trump's CFTC chair nominee is trying to break his own logjam by posting private messages with Tyler Winklevoss, who has reportedly objected to the nomination.
2025-09-11 View on X
Politico

CFTC nominee Brian Quintenz says the Winklevosses asked Trump to pause his confirmation after he refused to make promises “rectifying” a prior Gemini settlement

“Our complaint raises serious questions and concerns about the culture of the agency that you are about to chair …

2025-07-16
Speaker Johnson says House members killed this rule because certain members want multiple crypto bills combined — CLARITY, GENIUS and Anti CBDC Surveillance Act. “This is the legislative process. We have some members who really, really want to emphasize the house's product”
2025-07-16 View on X
CNBC

Several crypto regulation bills backed by Trump fail to clear a key hurdle in the US House after 13 Republicans voted with Democrats to block the legislation

For Now; Inside Roman Storm's First Day on Trial Vismaya V / Decrypt : Trump Pushes House GOP to Revive Vote on Crypto Bills Andrew Nusca / Fortune : Crypto regulation bills stumbl...

2025-05-20
The Senate voted 66-32 to advance the GENIUS Act, which would regulate stablecoins for the first time at the federal level. A total of 16 Democrats voted to invoke cloture on the motion to proceed, a critical first step. A final passage vote isn't likely until after Memorial Day
2025-05-20 View on X
Bloomberg

The US Senate advances the GENIUS Act, a stablecoin bill, after a group of Democrats dropped their opposition on May 19, a major victory for the crypto industry

Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry …

Fascinating moment. Separately, I don't think Gillibrand or Warren knew where Schumer would fall until he voted no. Gillibrand's expression soured sharply. Warren's also darkened for a moment, thinking Schumer voted “yes,” but broke into a smile after she realized he was a no
2025-05-20 View on X
Bloomberg

The US Senate advances the GENIUS Act, a stablecoin bill, after a group of Democrats dropped their opposition on May 19, a major victory for the crypto industry

Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry …

2025-04-29
WH Press Secretary Karoline Leavitt responds to Punchbowl News scoop today from @Dareasmunhoz and @BenBrodyDC on Amazon reflecting tariff prices “I just got off the phone with the president about Amazon's announcement. This is a hostile and political act by Amazon.”
2025-04-29 View on X
CNBC

White House Press Secretary Karoline Leavitt says Amazon reportedly adding tariff pricing to each product on its site “is a hostile and political act by Amazon”

WATCH NOW  —  The White House on Tuesday slammed Amazon for reportedly planning to display the cost …

2025-04-18
News: CFPB reduction in force is underway at the agency, per several sources who have seen the notice sent out from acting Director Russ Vought Here's one notice sent today: [image]
2025-04-18 View on X
Wired

Sources: the CFPB terminated more than 1,400 workers, leaving about 200 employees and effectively gutting the agency that Elon Musk previously said to “delete”

The Consumer Financial Protection Bureau terminated the positions of 1,400 of the agency's 1,700 employees …

2025-02-04
Top Banking Democratic Sen. Elizabeth Warren (Mass.) blasts the decision from Treasury Sec. and acting CFPB Director Bessent to halt the agency's activities this AM Warren says she's prepared to “use every tool at my disposal in the Banking Committee to hold him accountable” [image]
2025-02-04 View on X
Bloomberg Law

US Treasury Secretary Scott Bessent orders the CFPB to stop activities, like rulemaking, communications, and litigation; in November, Musk said to “delete CFPB”

Search by Topic  —  Treasury Secretary Scott Bessent has shut down a wide variety of operations inside …

NEW: Memo from Bessent sent out to CFPB staff this morning says — halt movement on any proposed or final rules, guidance - suspend effective dates of rules - do not advance investigations / enforcement actions - no material agreements - no public communications / reports
2025-02-04 View on X
Bloomberg Law

US Treasury Secretary Scott Bessent orders the CFPB to stop activities, like rulemaking, communications, and litigation; in November, Musk said to “delete CFPB”

Search by Topic  —  Treasury Secretary Scott Bessent has shut down a wide variety of operations inside …

2024-08-22
In the span of one election cycle, crypto's corporate campaign contributions now account for nearly $1 out of every $6 spent going back to 2010 — 15% of the total of corporate campaign contributions since the Citizens United decision, according to a tally from @Public_Citizen
2024-08-22 View on X
Punchbowl News

Public Citizen: crypto companies spent $119M+ in the 2024 election cycle through Q2, or 48% of all corporate money, an “unprecedented” election spending spree

15% of the total of corporate campaign contributions since the Citizens United decision, according to a tally from @Public_Citizen

2024-08-21
In the span of one election cycle, crypto's corporate campaign contributions now account for nearly $1 out of every $6 spent going back to 2010 — 15% of the total of corporate campaign contributions since the Citizens United decision, according to a tally from @Public_Citizen
2024-08-21 View on X
Punchbowl News

Public Citizen: crypto companies have spent $119M+ in the 2024 election cycle through Q2, or 48% of all corporate money, an “unprecedented” spending spree

The crypto industry's campaign spending in 2024 really is unlike anything we've seen in modern politics …

2023-03-13
JOINT STATEMENT FROM POWELL, YELLEN AND GRUENBERG: *SVB has been resolved and “fully protects all depositors. Depositors will have access to all of their money” tomorrow *New York's Signature Bank has been closed full statement here: https://www.federalreserve.gov/ ... https://twitter.com/...
2023-03-13 View on X
U.S. Department of the Treasury

The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13

WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …

2023-03-12
BREAKING: FDIC APPOINTED RECEIVER OF SILICON VALLEY BANK. We knew there were problems at SVB, but this is *exceptional* for a few reasons: FDIC rarely, rarely fails banks during business hours. We usually see this at COB on Fridays, so this must have been extremely dire. https://twitter.com/...
2023-03-12 View on X
Bloomberg

As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality

an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...