This afternoon I testified at the Texas Senate Committee on Business and Commerce hearing in favor of SB 21, to establish a Texas Strategic Bitcoin Reserve. Thank you @DrSchwertner for introducing the bill, @LtGovTX for making it a legislative priority, and @DonnaCampbellTX for asking great questions about Bitcoin custody and security.

Today I learned that the “Effective Altruism” movement has recreated taqiyya from first principles.

Honestly I always thought the CLARITY Act kind of sucked. This is much better

I think we're looking at tokens as a function of salary when we should be looking at salary as a function of tokens. If that engineer is a good steward of tokens he should be managing a $50m portfolio of token spend and charging 2% management fee + 20% carry on that investment.

Democrats: "AI will cause human extinction! We have to ban it!" Also Democrats: "Human extinction is good! We have to reward it!" Hmm 🤔

.@RoKhanna long ago forgot the country he is supposed to represent and now advocates for a convicted murderer from a foreign country. I kid you not. To think I thought he was supposed to represent Silicon Valley and the advance of technology in the Congress.

Democrats are worried that AI-driven abundance is going to exterminate the fraudulent grifts from which they derive their power.

Let’s address the ₿ull in the room.

The same Senator who mounted the "Anti-Crypto Army," wanted to ban bitcoin, and hailed the benefits of a CBDC now wants to centralize and control AI development. We beat her once, and we will beat her again. Game on.

Damn the Bible goes hard on ai security

“Do you remember what Sam Bankman-Fried was trying to do when he was arrested? He was trying to pass a law in DC which would give FTX, his company, a regulatory monopoly. He positioned FTX as the most responsible exchange — the one with the most guardrails. The fraud was trying to become the law. Now, Anthropic, a company which Sam Bankman-Fried led all investments in up to the day he went to jail, is copying his playbook. They are trying to ban their competitors, using the same tactics as their lead investor Sam Bankman-Fried. I don’t think they will get away with it, but we will have to stop them.”

JUST IN: Strive CEO Matt Cole responds to MSCI's proposal to remove #Bitcoin treasury companies from its indexes as "non-operating." "Issuing digital credit founded on a BTC balance sheet is a financial intermediation business." "The BTC on our balance sheet is a business input because without it, our product isn't possible." "If MSCI cannot state and apply the rule transparently, it should abandon the exclusion." 🔥👏

Her comments are not random. This is part of a well funded and carefully organized campaign to demonize open models and our civil liberties in DC. Multiple Senate staffers have told me that outside groups are requesting meetings to provide “demonstrations” where open source models are used to attack simulated hospital websites and demand bitcoin as ransom. These are cheap scare tactics funded by groups seeking to control open systems. In reality, cyber defenders rely on open models daily to find critical vulnerabilities before attackers get there first. If these groups are successful, we will all be poorer, less free, and more vulnerable to adversaries with increasingly capable systems.

Atheists who worship their own intelligence are outraged by Super Intelligence because it exposes their idolatry as false and primitive superstition.

Strategy is proposing daily dividends on $STRF, $STRC, $STRK, and $STRD, accruing every calendar day, including weekends and holidays, and paid the next business day, with economics unchanged. The proposed changes aim to support price stability, liquidity, and demand.

Jim wrote the foreword to my book about the Trump shooting. In it, Jim contemplates how he'll be remembered. Posting it here for anyone who wants to read:

Bitcoin’s recent drawdown felt significant, but when looking at Bitcoin's history, it has been relatively mild. At its recent low, Bitcoin was ~53% below its all-time high. Previous cycle drawdowns reached: 2011: -93% 2015: -86% 2018: -84% 2022: -77% Volatility is not new to Bitcoin. What’s more notable is that, nearly a year after the 2025 high, this cycle’s drawdown has remained materially shallower than prior major cycles. Bitcoin has always tested conviction through volatility. So far, this cycle has required a lot less of it.

Republicans want open source markets. Democrats want proprietary communism. Even if you are anti-politics, you should vote Republican in the midterms, don’t be dogmatic.

If you believe the risk is coming from 1-3 people in a garage with no money and no compute, you just don't understand this technology and haven't learned anything this summer. Risk comes from the asymmetry of capabilities created by secret labs training frontier agents and running them with massive amount of compute. Open-source is exactly the solution to this asymmetry and empowers hospitals (and any smaller orgs) to defend themselves!