El Paso, TX
Joined March 2012
Patrick Romero retweeted
For too long, regulatory uncertainty has prevented responsible, yet critical innovation from taking root in the United States. It has been a priority of my chairmanship to reverse this trend. Though temporary, the Innovation Exemption is a principled, structured grant of relief designed to resolve genuine legal uncertainty, while providing investor protections and upholding market integrity standards. Through this order and a number of ongoing initiatives, we will ensure that America remains the world’s premier destination to build the next generation of financial infrastructure.
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⏱️ Bull market incoming!
BREAKING: The SEC grants a five-year "Innovation Exemption" for tokenized securities venues, allowing blockchain platforms to list and trade real tokenized stocks with full shareholder rights.
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Patrick Romero retweeted
Great find. The arguments being made today are almost identical to those made about money market funds in 1980. “Money market mutual funds are diverting funds from many of our nation's communities with the effect of increasing credit costs while diminishing credit availablity.…The growing seriousness of this funds diversion problem, combined with the fact that money market mutual funds are not subject to the same regulation and supervision imposed on banks…”
Many of us have mentioned how the stablecoin yield debate playing out in Clarity, and the arguments made against yield by the bank trades, mirror the battle over money market funds in the 1970s. Well here's some proof. Here's a letter submitted by the Independent Bankers Association of America (a predecessor to the ICBA) in a 1980 hearing of the Senate Banking committee on money market funds. As you can see, many of their arguments against stablecoins are almost verbatim a copy from what they argued back then: threat to deposits, harms lending, uniquely dangerous for smaller banks. And we know today that argument was dead wrong. Money market balances grew parabolically into the trillions, and yet banks remain flush with deposits.
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Patrick Romero retweeted
Louisiana is not a real place. It’s becoming increasingly clear that The Waterboy was a documentary. This whole circus started when Mr Coach Klein committed academic fraud to get Bobby Boucher eligible all while lying to momma
Louisiana Attorney General Liz Murrill starts off her remarks outside a Baton Rouge courthouse with.. “Go Tigers…” Here we go…
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Patrick Romero retweeted
When was the last time you actually touched your paycheck? 💡 Only 8% of the world’s money exists as cash. The rest? Code. So… is money just data now? 🎥 Watch our latest Stronghold 101: sghd.co/digital
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Larry Fink just confirmed what we’ve been saying for years, every central bank currency will be digitized, every ETF and asset will be tokenized, and they’ll all need a cross-border settlement layer. The plumbing of global finance is being rebuilt, and #XRP is the foundation.
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Travis Kelce asking Taylor Swift to sign a prenup! 😆
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Patrick Romero retweeted
Bureaucracy and regulations have crippled development in the United States. Just getting broadband set up for rural communities is a 15-step plan that requires years of proposals, consultation and planning. Billions of taxpayer dollars are spent on administration and regulation.
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Patrick Romero retweeted
WATCH: The moment Trump begins to provide PROOF of Abrego Garcias illegal presence and gang membership MSMBS CUTS AWAY Gotta keep people in the dark
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China is so mad at Trump’s Tariffs, they’re taking it out on luxury brands and exposing that all their products are made in China. You are welcome, men. 😂😂😂
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CNN Panel left stunned: "I've been thinking a lot about the 10 million Americans who lost their homes in the 2008 financial crisis, and how President Obama's first act in office was to give $700 billion to the banks that caused it, including $30 billion in bonuses to the crooks who organized it. And I'm thinking about how those very Americans saw a president pick Wall Street over main street and what they saw this whole week was a President willing to go out there and fight for the forgotten men and women of this heartland and take on the entire international global order for them."
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Patrick Romero retweeted
So LinkedIn does have its uses.
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Patrick Romero retweeted
You have to see this to believe it. October, 2017. Chuck Schumer slams Trump for not yet keeping his campaign promise to retaliate against China for its unfair trade practices. "Based on his campaign rhetoric you'd think President Trump would be tougher as China steals our family jewels." "Senate Democrats will be sending a letter.."😂 Trump hadn't yet tariffed China (that didn't happen for a few more months), therefore Schumer and other Democrats were outraged. Almost as outraged as they are right now over Trump's new tariffs.
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Bessent was hired to strengthen the dollar by doing the opposite of all the warning signs he saw in the British Pound. Inflated housing markets, treasury yields, etc. all pointed to the big short that the Soros fund pulled off. Bessent's obsession with the prices of homes and the interest rates on treasury bonds isn't just rank populism. He's looking to strengthen the leading indicators of a currency. This is what I mean by "white hat hacking" the dollar. Mapping out its vulnerabilities to protect it against future exploitation. One of the most glaring vulnerabilities was a heavily overinflated trading market. Wall Street was on a sugar high. Hedge funds were leveraged to the gills, and if that bubble popped, it would have created an 08 style financial crisis. The tariff roll out... volatility and all... was a way of creating controlled detonation. Wall Street FREAKED OUT and deleveraged themselves. Now, there won't be any banks or hedge funds who can't afford to pay off their loans because they overlevered. The extreme tariffs are also coming at a time when Bessent sees a recession or depression happening in China. He emphasized this several times with Tucker. By boxing in China and shutting down their exports, he's creating the same conditions that led to the big short of the British Pound. If the Chinese Yuan collapses, then it'll cause a global flight into US Treasury bonds. Driving down interest rates even further for when they go to refinance the $9T of expiring debt.
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Treasury Secretary Scott Bessent's interview with Tucker Carlson just went viral. And he's NOT just talking about Trump's tariffs. Instead, he exposed the truth about what happened to America's working class. Here is what you missed on Trump's $600B tariff plan: 🧵
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🚨NEW: Victor Davis Hanson says Trump’s tariffs show he’s siding with working class — while Dems side with ultra-wealthy🚨 "This is a class thing. It really is ... I can't believe he did it ... he said, 'This Republican is going to choose the side of the working man. It's not going to choose Wall Street.'" "And the Democrats — because they have no other alternative agenda — they are taking the side of the uber-rich, even while they blast oligarchs and aristocrats and plutocrats. No — you’re on the side of plutocrats and aristocrats." @DailyCaller
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Trump’s tariffs aren’t just about trade. They’re the start of a radical plan to rewrite the global economy. It’s called the “Mar-a-Lago Agreement”—and it could shake the foundations of the dollar system. Here’s what no one’s explaining 🧵
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Patrick Romero retweeted
Trump’s new tariffs aren’t a trade tweak—they’re the first move in a full-spectrum reset. $9.2T in debt matures in 2025. Inflation lingers. Alliances are shifting. One announcement just set a dozen wheels in motion. Here’s what’s really happening—and why it matters 🧵
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