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    Dan Gillmor (dangillmor@mastodon.social)'s status on Monday, 08-Dec-2025 14:18:30 JSTDan GillmorDan Gillmor

    Betting <1 percent of the population knows that a manifestly corrupt "industry" bought itself a Congress that puts cryptocurrency holders first in line -- ahead of you and your money -- if there's a run on your bank. Yep, you're subsidizing the sleaziest speculators.

    https://mastodon.social/@SeanCasten/115678753302203662

    In conversationabout 4 months ago from mastodon.socialpermalink

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      Sean Casten (@SeanCasten@mastodon.social)
      from Sean Casten
      Attached: 1 image Having sent a crappy bill to the Senate the Senate - per tradition - made our bill worse by adding a provision that says that in the event of a run on a bank holding stablecoin deposits, those deposits have a senior claim, above those of law abiding citizens in insured accounts.
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