Principal at 1607 Strategies. Fmr. Senior Counsel on Capitol Hill covering digital assets/fintech/AI. This account is all over the place. Views are my own.

Washington, DC
Shopping on the internet in 2026: Step #1: search for specific product Step #2: scroll through pages of promoted material advertising competitors' products
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On its own, offering markets on tokenized pairs for digital assets - even assets across different regulatory regimes - is efficient and innovative. Thinking through how to calculate the tax obligations for cross-asset trading gives me a headache. The headache gets worse when considering how trade reporting obligations and surveillance works. (Yes, venues monitor for suspicious activity individually, but that doesnt capture the entire story since.) Theres a lot of questions to address for cross-asset trading via tokenized pairs.
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The final cloture vote doesnt tell the entire story amongst Rs. Some of their support for the final bill mightve been contingent on certain amendments like this. A lot of people said it was all about ethics. If this amendment was filed with this level of support, its safe to say it wasnt all about ethics. It wouldve caused an uproar at the 11th hour. It reminds me of 2021 and the broker rule in IIJA. Crypto was caught flatfooted then too. I only say this because the 49-50 vote doesnt necessarily offer an accurate guage of R support moving forward. Hence my prior statement that crypto needs to reevaluate its advocacy.
New: An amendment quietly filed on the Clarity Act last week suggests crypto had even deeper GOP problems in the Senate than previously known. Seven (!) Republicans cosponsored a push to give banks a major win on stablecoin yield, further complicating Clarity’s math to 60 votes
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Baseball's Jaromir Jagr
At age 52, Ichiro just threw a 127-pitch shutout with 17 strikeouts during an All-Star game against the best high school girls in Japan. seattletimes.com/sports/mari…
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TIL Harry S. Truman had no middle name. That "S" stands for nothing. Now I'm questioning if thats a fact everyone knew except me.
46% I knew that already
54% Interesting! Thanks Tim!
24 votes • Final results
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Lets just nip this in the bud. Its routine procedure to postpone the vote and do it at the end of markup, along with all the other bills. This happens....every time Carry on
BREAKING: 🇺🇸 THE STRATEGIC BITCOIN RESERVE BILL VOTE HAS BEEN POSTPONED.
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Crypto advocacy needs to change some things. Its easy to try to chalk it up to partisan politics, but there are more fundamental issues.
Crypto’s long march into mainstream finance took a step backward Tuesday when the Senate failed to advance the Clarity Act. bloomberg.com/news/articles/…
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🍿 🍿
🚨 NEW LANGUAGE: Clarity Act Chairman @SenatorTimScott is working with @SenLummis and @JohnBoozman to protect consumers, keep innovation in America, and strengthen national security. The final text reflects over a year of bipartisan work with Democrats. lummis.senate.gov/press-rele…
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Tim Hite retweeted
JAMEIS WINSTON APPLIES COLOGNE EXACTLY HOW YOU EXPECT JAMEIS WINSTON TO APPLY HIS COLOGNE. 💀💀💀
SNY Giants
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Youtube needs to have a way to filter out AI-generated videos
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Alternatively, you can choose not to watch this at a price of $0. Some call it the deal of the century.
After Raygun’s viral performance at the 2024 Paris Olympics, an avalanche of conspiracy theories followed, all questioning how she reached the Olympic stage. Untold Raygun: Breaking Badly is now on Netflix.
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If there was any hope left for the Clarity Act, the House leaving after this week would officially kill it.
☀️AM: … AND WERE BACK! HOUSE is back. CR up this week. Expect it to pass. Hemp issues but that’ll be bellyaching. Attendance problems possible on both sides. House is in for four days, out for 10. Wouldn’t be surprised to see them close up shop for all of September after this week. JEFFRIES raised $1.5M on Long Island over the weekend — appeared w HRC ZELENSKY sending his sanctions guy to dc to lobby Dems on Russia bill. RASKIN ON THE ROAD. link.punchbowl.news/click/47…
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Younger kids are really committed to bringing back frosted tips. I'm guessing we are about a year away from seeing rival boy bands topping the music charts
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In the wake of the political whiplash on data centers, this shift should be taken seriously. A bull market may only exacerbate this narrative. When industry campaign dollars flip from political asset to liability, doubling down isnt the answer. news.bgov.com/bloomberg-gove…
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First Reg Crypto, now this? SEC is having itself quite an August.
The SEC passes a rule banning players who have been drafted by NFL, NBA or WNBA teams or listed on rosters in those leagues, joining the Big Ten in taking a strong stand against this month’s unexpected surge of pro players trying to return to college. nbcnews.com/sports/college-f…
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Tim Hite retweeted
Replying to @TimHite
If you don’t, you’re seen as unintelligent If you do, you’re seen as artificial
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If you dont use AI, some view you as outdated and prone to human error. If you do use AI, others get suspicious and question your abilities. The ultimate catch-22.
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