Cynthia Lummis 🦬
@CynthiaMLummis
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Conservative Republican. US Senator. All Wyoming. All the Time. Official tweets @SenLummis .
Wyoming, by the grace of God
Joined June 2019
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If this video gives you that FOMO feeling, get to Wyoming as quick as you can. Freedom lives in Wyoming. 🇺🇸
#ThatsWY
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Great leaders do not fear the future. America could win the future by embracing Bitcoin as hard money that can be used to stabilize USD and undo the tailspin begun in 1971.
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We NEED you. Pls call your Senators. Pls tweet. Pls email. We are facing major headwinds on the Wyden-Lummis-Toomey amendment. Burying financial innovation in red tape & sending devs + miners on info collection wild goose chases for info they don’t know is horrible policy.
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Just being honest.
Senator
@CynthiaMLummis
is talking on national television about buying the bitcoin dip.
(h/t
@DocumentingBTC
)
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…Who commit open-source code to a transparent, publicly viewable, decentralized ledger — facilitating peer-to-peer transactions without the need for a trusted (but sometimes not actually trustworthy) third party.
#btc
Senator Warren: Crypto Puts Financial System in the Hands of 'Shadowy Super-Coders’
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PS - If you are in the
#Bitcoin
mining space, please reach out. We WANT you in Wyoming.
U.S. Senator
@CynthiaMLummis
, "Don't judge
#Bitcoin
mining as an energy bad guy, there's a lot of innovation going on that proves otherwise."
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Update: We are in hurry up & wait mode. We continue to push for a vote! I feel VERY GOOD abt the Wyden Lummis Toomey amendment’s passage IF we can get a vote. (Thanks to YOU all). I am DISCOURAGED about our ability to get a vote on it (or any additional amendment). Max pressure.
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This is why people in government need to understand digital assets. ⤵️ The USA can be the beneficiaries of the CCP’s mistake (but we must be careful not to make equally stupid mistakes in our handling of financial innovation.)
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Facial recognition for taxpayers. Giving Treasury Secretary power to ban
#BTC
+ digital assets. Intrusive reporting requirements for banking. Absolute LUNACY. Each stands in opposition to 1st principles. I will FIGHT every one of these intrusions into American life and commerce.
3/ It doesn’t say it explicitly, but this is a direct attack on the digital asset industry. The Treasury Department already has broad authority in this area, but it has a strict time limit and a public notice requirement.
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I am a patriot. I want America to win. Thoughtfully embracing bitcoin and digital assets is how we win.
JUST IN - U.S. senator Lummis's
#Bitcoin
bill will "fully integrate digital assets into our financial system." 🇺🇸
"Stay tuned 👀"
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Hello 2022.
“
#Bitcoin
is an essential element in the realization of the modern American Dream.” — US Senator 🇺🇸
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The Secretary admitted to me that this is not where they will find the so called ‘tax gap’. Her exact words were “…but it’s important we have comprehensive information”. That’s just spying.
Yellen defends IRS rule requiring banks to report all transactions over $600
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If at first you don’t succeed…
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Can you imagine tracking every cup of coffee or hamburger purchase for currency gains or loses at time of transaction? (Nightmare) Let lightning ⚡️(etc) do its thing.
NEW: U.S. senator's
#Bitcoin
bill aims to provide a tax exclusion for purchases up to $600 using BTC 🙌
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Monetary policy has consequences. Right a 50 year wrong: Return to sound money.
#wtfhappenedin1971
#Bitcoin
On August 15, 1971, President Nixon suspended the convertibility of the US dollar into gold, subjecting the American citizenry to an unprecedented and disastrous economic experiment.
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Requiring open source developers to build AML/KYC into node software and hardware wallets? That dog won’t hunt.
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The fight is on. Unfortunately, it will likely be epic - expect 12 rounds. This amendment dustup is just a warm up. I believe we will get an acceptable result today. Will keep you updated but want to say thx for opening Senators eyes to this big, diverse and impressive community.
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Oh my. You go fishing one afternoon and look whatcha miss.
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I came for the store of value. Staying for the censorship resistance.
#Bitcoin
It was a pleasure joining
@apompliano
on the
@PompPodcast
. I’m pleased to announce I’m forming a caucus here in the Senate to help educate my colleagues & leaders in DC on the importance… (1/2)
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Welcome bipartisan cosponsors! Please encourage your senator to reach out and consider it.
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Thank you for your patience. I’m excited to FINALLY get this out the door. There will almost certainly be provisions you like. Perhaps there will be provisions you oppose. Getting this right will be hard but worth it. Give me (constructive) feedback.
TOMORROW: U.S. senator Cynthia Lummis will release her highly anticipated
#Bitcoin
bill 🇺🇸
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What I saw at
#Bitcoin
2022 was a counter culture centered on freedom. To the moon indeed. 🚀
"
#Bitcoin
is saving lives," says Senator
@CynthiaMLummis
in a moving speech at
@TheBitcoinConf
conference.
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Heading to
@TheBitcoinConf
. Working to ensure sound money exists for my grandson and yours (whether they are here today or still a twinkle in your eye).
#Bitcoin
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I don’t want to understate how tough the road is ahead for our bill but I do agree that, as
@saylor
says here, America has crossed the ‘chasm’ of ‘is this real’ (yes) and ‘will it be banned’ (no). The questions/challenges are different now.
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Today’s my birthday and I have a bday wish: In some small, respectful, and law-abiding way, live freer today than you did yesterday. America is on the precipice of ceding power to centralized authority. We must protect our rights + freedoms from our own government. 🇺🇸
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Yes. Do this! ⤵️
Call your Senator.
Tell them you want innovation and economic prosperity to stay in the United States.
Retweet to spread awareness!
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Breaking: America’s most progressive senator opposes progress.
#btc
"It's speculative in nature and going to end badly. I don't think
@JanetYellen
left a lot of room for ambiguity there," says
@ewarren
on
#btc
.
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It is Saturday at 5PM MT (7PM in DC). Lots of folks reaching out for updates. It’s time: Let’s vote on the Wyden-Lummis-Toomey amendment!
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A big part of the challenge of explaining this stuff in the Senate is making clear that this isn’t some niche, fringe issue but a HUGE component of the US 🇺🇸 (and international) financial future. Your voices are making clear that financial innovation is a defining issue.
#Cryptocurrency
supporters have made 15k calls to the Senate in support of the
#WydenCryptoAmendment
!
If you haven't called, do it now!
If you already called to support Wyden Amendment, call again to tell your senator to reject the new
#WarnerAmendment
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Been doing work on the rumored transaction reporting rule impacting digital assets (currently being contemplated by Treasury) and wanted to share with you where I am: Tweet storm to follow... (1/8)
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Thanks to all who have commented, clarified and critiqued the early drafts of the bill. Strong collaboration as we move to reach consensus. Defining rules not rulers. Stay tuned, very soon…
NEW: Wyoming senator's new bill to integrate
#bitcoin
and crypto "into our financial system is almost ready!" 👏
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Second.
The Senate GOP leadership vote next week should be postponed
First we need to make sure that those who want to lead us are genuinely committed to fighting for the priorities & values of the working Americans (of every background) who gave us big wins in states like
#Florida
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Gradually, then suddenly. Closer to the ‘suddenly’ phase by the day. Keep up the education on the Hill. It’s spreading. ⤵️⤵️⤵️
#Bitcoin
China’s authoritarian crackdown on crypto, including
#Bitcoin
, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China.
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Quantitative easing and soy for Thanksgiving. Let’s save America from these people.
From the FRED Blog: A Thanksgiving dinner serving of poultry costs $1.42. A soybean-based dinner serving with the same amount of calories costs 66 cents and provides almost twice as much protein
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Oppose.
Millions of Americans will soon have to scan their faces to access their IRS tax accounts, one of the government’s biggest expansions yet of facial recognition software into people’s everyday lives
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They don't call it a 'hard-earned dollar' for nothing. I want sound money that protects the value of every working American's time, sweat and effort. That's why I am excited about
#bitcoin
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The swarm as Paul Revere, checks out 🧡. Every call, tweet and email helps. I know many of you aren’t all that political so thank you for coming out of your comfort zone to advocate for the future.
#bitcoin
#Bitcoin
is under attack and we need your help, the senate votes tomorrow!
Call 517-200-9518 and tell your senator to vote YES to the Wyden-Toomey-Lummis Amendment to the cryptocurrency provision of the Infrastructure Bill (H.R. 3684).
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Money printer go brrr.
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‘Secret bill drafting’ is more concerning for the future of financial innovation in the US than ‘shadowy super coders’. The committee process is the open source of legislation. Let the sunshine in!
Senator
@CynthiaMLummis
’s latest on the
#bitcoin
addition to the Infrastructure Bill,
“This is a very complicated space, easy to get wrong, and this is why we need a real committee process to consider these issues, instead of secret drafting. We’re working on making it better.”
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Gradually then suddenly.
“Crypto has grown by leaps and bounds, and is now playing a significant role in the investment decisions of lots of Americans. We would like to … create a regulatory environment in which healthy innovation can continue.” -
@SecYellen
on
#Bitcoin
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I am tremendously grateful for the support and the community. Particularly the generosity of plebs. Thank you! Lots of work to do. I am a happy warrior for the future of 🇺🇸. nb: You can contribute to my campaign in BTC. But please HODL and consider fiat first.
NEW – Wyoming Senator now receiving one-third of all campaign donations from
#Bitcoin
investors 🙌
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The front say “& debase the poor”, right?
Nothing says “a woman of the people” like wearing an ugly designer gown festooned with a class-warfare slogan to a $30,000-per-ticket gala event.
The definition of "privilege": Wearing a "Tax the Rich" designer dress to $30,000-a-ticket gala
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Yep. Glad this conversation is starting.
There is a growing awareness that accounting rules governing digital assets like
#bitcoin
are outdated and should be revised, and that current guidelines impair transparency for shareholders, rational investment by corporations, and innovation by financial & technology firms.
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Bested by the gentleman from Miami. Well done, sir.
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Appreciate all the patience. Pretty soon we iterate on this policy in public. More feedback welcome as we get it rolling.
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“If it moves, tax it. If it keeps moving, regulate it...”
- President Ronald Reagan, describing the federal gov’t approach to financial innovation, probably 😉
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The chilling impact this will have on investment — in private business and private markets — is hard to imagine. The efforts to grow dependence on federal govt distributed fiat is disturbing. Central planners working overtime.
.
@SecYellen
on the proposed tax which would pay for the Build Back Better act: "It's not a wealth tax, but a tax on unrealized capital gains of exceptionally wealthy individuals."
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Fix the money.
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We shouldn’t be having this ‘brawl’ now. Most of the Senate is voting on this without sufficient info or a baseline understanding of how ‘cryptocurrency’ works. It’s a huge topic that deserves time for education THEN debate THEN votes. But yeah, here we are.
THE TITLE SAYS A LOT--"Cryptocurrency brawl bogs down infrastructure bill." And this article is from today's Washington Post, which every regulator & lawmaker in DC reads.
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As I said yesterday, “I’m horrified. My constituents are horrified. This has got to stop.”
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If only there was so way to see the connection between reckless money printing and inflation… 🧵
“I’m SICK of this stuff!”
Joe Biden is furious that Americans blame inflation on his government spending.
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Like Mr. Musk, my day of laser eyes is almost up but my support for sound money continues.
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Wow.
BREAKING: The largest U.S. oil and gas company Exxon Mobil is using excess natural gas to mine
#Bitcoin
- Bloomberg
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What can I say, sound money brings people together.
#Bitcoin
has broken party lines. 🇺🇸
Several Democrats and Republicans like
@CynthiaMLummis
are laser-focused on fighting for
#Bitcoin
and the economic security it brings to their constituents.
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Wall Street analysts et. al., get over yourselves. Look to the plebs and the leadership of El Salvador to understand the decision that nation made. I started here. (You’re welcome).
WOW—pal sent me a
@jpmorgan
research report “The Bitcoinization of El Salvador” written by its LatAm research team, & it doesn’t mention
#LightningNetwork
even once.🤦♀️It’s clear they don’t even understand the basics. Why does anyone pay attention to WallSt research on crypto???🤷♀️
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Wish ya the best of luck keepin’ up with Wyoming. Reach out when you need to unravel the bitlicense. I know some folks who would be happy to help.
As mayor of NYC - the world’s financial capital - I would invest in making the city a hub for BTC and other cryptocurrencies.
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Come on in, folks, the water’s fine.
U.S Senator
@CynthiaMLummis
says,
#Bitcoin
is a bipartisan movement in Congress, which is what makes her so interested in it.
#BitcoinIsForEveryone
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Congratulations to my friend Harriet
@HagemanforWY
on her success in today’s primary. After holding that seat for eight years, I know what an honor it is to represent the people of Wyoming in the U.S. House of Representatives.
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Where do I begin? Wrong. Nope. Eh, no.
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A field of dreams moment…
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This is a disingenuous play for federal regulatory capture. Don’t fall for it. Let ‘em compete. (With thx to
@planb
for the screenshot)
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People in Wyoming worry about a surveillance state, whether administered by big government or big tech. It’s time to lean on the 4th amendment and legislate for privacy.
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Protecting financial freedom takes leadership at every level. Thanks for the kind words and for your leadership at the local level, Mayor.
How do you know that
#Bitcoin
is the key to financial freedom? Some in the federal government are coming after it.
I’m thankful for those that are standing.
@SenLummis
@MarshaBlackburn
thank you!
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Yet another canary in the coal mine. What are ways for access to information to flourish? How can lawmakers support censorship-resistance? No mandates. But protection of freedoms. Like the freedom of speech.
YouTube has officially attempted to de-platform me from their platform.
They are claiming that we "encourage illegal activities" and will not be allowed to create new YouTube channels in the future either.
It ultimately doesn't matter. Bitcoin is inevitable.
@YouTubeCreators
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Great guidance from Tyler here when calling in support of the Wyden-Lummis-Toomey amendment. This stuff is new to many Senators. Miners, hodlers, devs, plebs: Explain what you do and how this would impact you. Education is the name of the game today.
Do it! When calling, remain respectful and state your reading succinctly. Lots of Senators go through the messages and it may be yours that stands out.
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I’m pro-America. I’m pro-freedom. I’m pro-hard money.
I oppose deficit spending. I oppose central planning. I oppose debasement of Americans’ money.
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In my estimation, the reason so many young Americans are into
#Bitcoin
is because it is
#soundmoney
. The federal govt’s blank check spending habit, coupled with the complete erosion of the gold standard and the development of the internet, led us here. Inevitable.
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“Texas chases after Wyoming...”
Welcome to the future, friends.
#Bitcoin
Count me in as a crypto law proposal supporter.
It is increasingly being used for transactions and is beginning to go mainstream as an investment. (Fidelity, etc. trying to get Bitcoin ETF).
Texas should lead on this like we did with a gold depository.
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Great news! Thank you, Mayor. Thank you, Sen.
@marcorubio
.
The Wyden-Toomey-Lummis amendment represents the best of bipartisan lawmaking in a time of deep division in Washington.
I’ve been in conversation with my dear friend
@MarcoRubio
to right this wrong and I want to thank him for his support and his efforts at the Capital.
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Exciting day! To. The. Moon. 🚀
Today's the day! The Financial Innovation Caucus was created to promote responsible financial innovation in the U.S. We can make markets more inclusive, vibrant, and safe for all Americans. This bipartisan group is a step in that direction.
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Priceless: When angry folks think they are ‘dunking on you’ (learning new Twitter-speak every day) but they are just helping to spread the word.
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Hi. I am working on some thoughts (hindsight 20-20, yada yada) about the last week (can’t believe it was 10 days ago that we introduced our amendment to the Infrastructure Bill). Is there anything about what happened, what didn’t happen and lessons learned that I should address?
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Sen.
@barrassoforwyo
and I have received a mountain of correspondence from Wyo on this $600 bank reporting provision nestled into the Ds latest multi TRILLION $ package. It’s spying. It’s unnecessary. It’s so broad it’s a violation of the 4th Amendment.
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Just finished Chapter 7 of The Sovereign Individual. What else should I be reading on the long term consequences of inflation and the future of fiat currencies?
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A very cool thing about being in the Senate is access to information, anecdotes, & research striped of Big Media spin. This unpacking of the spin and clearly presented info on
#Bitcoin
mining and the powerful decentralized network is digital gold 😉
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Thanks, Gene. We are working hard to get it done.
I support the Wyden-Loomis-Toomey amendment re crypto currencies and DeFi.
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It’s not midnight in Wyoming yet but it’s time for me to call it. 2021 was a doozy. Feeling bullish about 2022. See you then my friends. 🎉
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Please send me your
#Bitcoin
success stories. Please send me your issues and concerns. Thanks for educating me (if gradually then suddenly) so I can do the same with my Senate colleagues.
“My daughter introduced me to bitcoin. Once you have skin in the game, then you follow it.” -Senator Cynthia Lummis
Bringing Bitcoin Innovation Home To America with
@CynthiaMLummis
@WarrenDavidson
@AllanStevo
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My state of Wyoming has set the bar high for the rest of the country in promoting responsible financial innovation, including BSA compliance. The Treasury Department should take note. I look forward to building on this strong foundation in the United States Senate. (8/8)
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“We are just going to spy on you a little bit” is the new “I’m from the government and I’m here to help.”
There is talk of watering this IRS reporting requirement down.
That’s not good enough.
Weaponizing the IRS to spy on everyday Americans doesn’t work for me, and doesn’t work for the people in Wyoming.
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First law of holes: if you find yourself in one, stop digging.
JUST IN: Yellen: US on track to default on national debt in October
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👀
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Unchecked money printing has consequences.
U.S. inflation rises more than forecast, hits 4.2% in April on base effect
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Been working on something. You might not have heard in the brrrrrrr of the money printer.
Arriving soon … An opening salvo in support of the coming age of financial freedom and individual sovereignty 🇺🇸
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With my laser focus yesterday I forgot to mention I’ve been named ranking member on the Commerce Subcommittee on Space and Science.
To the moon (and beyond) 🚀
NEW: Chair
@SenatorCantwell
announces Senate Committee on Commerce, Science, and Transportation subcommittee Chairs and Ranking Members.
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It can feel like we are living in unprecedented times but our Founders and our system of gov’t have robust processes, protections, and precedents in place to secure our elections. We should deploy them now. (1/4)
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