Larry David Takes On Crypto Bills and Political Drama!

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So, I was thinking, why not put a number on how many Democrats are actually gonna back me? I mean, it’s not like I’m asking them to sign their lives away. Just a little support here and there, you know? So, I’m telling everyone, “Hey, I expect 12 to 18 of you to have my back.” It’s like when you tell your friends you’re bringing a dozen donuts to a meeting, but you only bring 10. Everyone’s like, “Where are the other two?” But hey, at least they’re talking about it! 🍩

  • Senator Tim Scott predicts 12 to 18 Democrats may back the CLARITY Act in September. 🗳️
  • The bill seeks to establish U.S. crypto market structure and regulatory clarity. 💻💰
  • Scott identifies Senator Elizabeth Warren as a key obstacle to bipartisan support. 🙅‍♀️

At the Wyoming Blockchain Symposium on August 19, I, Tim Scott, decided to throw a number out there. I mean, why not? “Between 12 to 18 Democrats,” I said. “That’s what I’m aiming for.” It’s like when you’re at a party and you say, “I’m pretty sure I can get 10 people to do karaoke with me.” And then everyone’s like, “Oh, really? Let’s see you do it!” 🎤

Now, I’ve been reaching out to these Democrats, trying to make them see the light. I’m telling them, “This isn’t just about crypto; it’s about making America a leader in digital finance. It’s what President Trump wants, and it’s what we need to do.” It’s like when you’re trying to convince your roommate to clean the kitchen because it’s their turn, but you frame it as a way to improve the whole apartment. 🏠✨

But, let’s be real, the biggest roadblock here is Senator Elizabeth Warren. She’s like the neighbor who always complains about the noise, even when you’re just having a quiet dinner party. “No, no, no,” she says. “This is a handout to the crypto industry. It’s going to hurt consumers and expose us to risks.” It’s like she’s reading from a script where she’s the only one who cares about the little guy. 📜👨‍👩‍👧‍👦

Warren’s objections and the politics of crypto regulation

The Senate’s draft bill is all about clarifying the roles of the SEC and CFTC, making sure everyone knows who’s in charge. It’s like setting up house rules so everyone knows who does the dishes and who takes out the trash. 🗑️🧽

For us, this is a no-brainer. The crypto industry is growing faster than a weed in a sunny garden, and we need rules to keep up. Otherwise, all the innovation will move to other countries, and we’ll be left with nothing but a bunch of empty promises. 🌍🚀

But Warren sees it differently. She thinks it’s all about giving the crypto industry a free pass. “It’s a bespoke regulatory regime with weaker protections,” she says. It’s like she’s worried we’re going to let the kids run wild in the house without any supervision. 🧸🚫

Her main gripe is that the bill is too cozy with the crypto lobby. She thinks it’s all about enriching a few people at the expense of the average Joe. It’s like she’s afraid we’re going to turn the country into a giant Ponzi scheme. 🤑💸

The political elephant in the room

Warren’s critique isn’t just about the bill; it’s about President Trump. She’s pointing out that his family has made a ton of money from crypto. Like, $620 million! It’s like saying, “How can you trust someone whose family is raking in the dough from the very thing they’re supposed to regulate?” 💰👨‍💼

This makes it hard for Democrats to support the bill. It’s like being asked to endorse a new restaurant when you know the owner is your ex’s new boyfriend. 🍝💔

But I’m not giving up. I’ve got the Trump administration on my side, and that’s a big deal. They’re pushing for this just as much as I am. It’s like having the coach on your side during tryouts. 🏈💪

“We now have a team that’s leaning in and we feel like we have to get it done now. Executive action is not enough – period. If one president hated it, this one loves it, we need a Senate and a House that gets legislation passed,” I said, hoping to rally the troops. 🏆🔥

So, come September, we’ll see if I can pull this off. It’s a big ask, but I believe in the cause. And if nothing else, at least it’s keeping everyone entertained. 🎉😂

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2025-08-20 00:16