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Intro Welcome to the Dangerous Ones. I'm your host, Jim Drastic. And as always, I'm joined by the award-winning co-founder of 11 Films, Tiffany Drastic. Hey. And executive director of Demcast USA, Nick Kudson. Hey, everybody. Today, we're talking about Donald Trump's dive into cryptocurrency and how it has sparked a wave of ethical red flags. From launching the Trump memecoin to founding the World Liberty Financial with his family, Trump is blurring the lines between personal profit and political power with reports of exclusive dinners offered to top coin holders. Critics argue he is creating a shadow fundraising machine that's ripe for abuse and bribery by foreign and domestic actors alike. At the same time, the Genius Act is making its way through Congress under the guise of regulating stable coins. Lawmakers like Elizabeth Warren warn it could turn crypto into a legalized slush fund for politicians looking to cash in without consequence. Joining us now to make sense of all this is Mark Hayes, who is the associate director of cryptocurrency and financial technology at the nonpartisan and nonprofit coalition Americans for Financial Reform. Mark, welcome to the Dangerous Ones. Thank you so much for having me. You bet. First off, Mark, can About Americans for Financial Reform you tell us a little bit about uh what you do and what the Americans for Financial Reform does? Sure. So, uh, AFR is a coalition of about 200 state, national, and local groups who focus on, uh, consumer advocacy, labor rights, and workers rights, as well as other public interest issues, civil rights. And it was formed in the midst of the global financial crisis to create a space for all the people who harmed by the the fallout from that collapse to push for major financial regulatory reforms that would promote financial justice, promote accountability for big players on Wall Street. Uh and we continue to do that this day on a whole host of issues from looking at the role of private equity and health care to pushing for climate financial regulation and dealing with affordable housing. Um, so crypto is just one of a number of things that we work on. Uh, and we mostly focus on pushing policy makers to make the right decisions to protect the interests of their communities over big corporations as well as, you know, to public education and outreach and uh, other things to to bring more people into that conversation. Fantastic. And thank God because we need I need help in just understanding this stuff. We're really fortunate to have you here, Mark, because uh yeah, most Americans, ourselves included, you know, have What is Crypto little to no clue what crypto even is or how it works. Can you give us a like the quick and dirty version? Uh what is what is crypto? Not alone. And I think that's part of finance, right, is sometimes the confusion is the point to take things that are relatively simple and make them seem more complicated than they are. Um so the the best way to think about crypto is sort of where it started and where where it's come from, right? So I just talked about the 2008 financial crisis and you know many of us responded to that collapse with uh a call for greater accountability for uh big banks um more tools and pressure on regulators to hold them accountable and to write better rules to protect ordinary people um remedies really sort of an approach a big D democratic approach to um ensuring that these things had oversight and accountability and democratic participation but there a set of people who looked at it and said, "Well, maybe we can solve this with technology." Or so the story goes. And so things like Bitcoin and crypto were sprung from the notion that let's take a couple of different technologies that existed for a while. Encryption, which is a thing that tries to protect your emails um from being spied on. Something called distributed ledger technology, which is really just sort of a fancy way of talking about a Google spreadsheet. A ledger is like a database and uh distributed one is one that everyone can see in lots of different places at once that's updated and then something that called consensus verification which is using nodes in a network to sort of all agree on what goes into that spreadsheet and what doesn't. Um and so crypto was born out of this. And the whole idea is or premise which we'll talk about is sort of a bit more of a lie than the truth is if we can replace the rentseeking banks and other regulators that are sort of uh in the middle of the transactions between you and me. Um we can reduce costs. We can make things more transparent. We can um uh make things more democratic because technology will do the things that those entities are supposed to do. But here's the problem with that. A, those entities, as flawed as they are, actually have a role to play because so much about what happens in finance is trust. Can I trust you to be telling me the truth when I give this asset to you or pay this piece of money? And that that intermediation and all the rules we built around that are really the tools we use to make sure that everyone's playing fair and by the rules. And the second reason is that te that that technology known as blockchain technology which is the sort of platform the software that all those crypto assets are put out into the world on doesn't deliver as promised. Blockchain is supposed to be more secure because of the way in which you use that distributed ledger to sort of verify transactions. It's actually in many cases less safe. It's they're subject to hacks on a daily basis. It's supposed to be faster, but it turns out it's a really clunky technology that only does a few things well and uses tremendous amount of energy to actually run those transactions through this complicated verification process which generates it it's creates more energy use to run all those computers to do that. Um, and it's supposed to be cheaper and more democratic, but it's actually not. It turns out that to run a crypto system, you need the same old inter intermediaries, the brokers, the bankers. They just have different names. And so what they've created is a financial system that brings some of the worst things from our old system. And it's still really bad in many cases, but introduces a host of new one uh new ones. And so what it is good for though is speculation, predatory financial inclusion, um, and a host of other actions that are not only harming people in terms of scamming them or ripping them off, but are destabilizing financial markets. And so our big concern is that the crypto industry is really presenting old wine and new bottles and deregulatory measures that try to rewrite the rules for their benefit. Even if that means making everything sort of worse as a result. Is Crypto More Private Interesting. Real quick, uh is it is it more private? We always hear that like you know you can you know use crypto to like hide money over in like you know I don't know Switzerland or something. Is it more private? Uh is that uh is that true? In some cases there's the sort of what I call the illusion of privacy. Right. So um with crypto uh transactions you will often have what's called a wallet. And that wallet is really a a string of numbers that's an sort of an address on the blockchain. That wallet contains your keys, right? Encryption works on a public key and a private key system where the private key is unique and the public key is what everyone else has, but only you have the private key and they lock like that. Um, and so you see transactions on the blockchain, but and you see wallets, but you don't see people. Um, and so at that first layer, there is a certain relative degree of what we call pseudonymity. Um, where the people behind the transactions can't be tracked at first glance. But here's the thing. Um, it's actually relatively easy to find out that sort of information. Um, police and law enforcement do it all the time. Um second uh that pseudonymity it may enable certain degrees of privacy in some instances but it comes at a very high cost because guess who also likes that privacy? Human traffickers, North Korean the bad guys. Yeah. Um and there are lots of ways that you can further hide crypto transactions through things called mixers or privacy coins. The list is a mile long. Not to mention that a lot of crypto transactions actually don't happen on the blockchain. Um they happen uh sort of inside these exchanges, these big entities like Coinbase or FTX where they sort of, you know, write them on a napkin and then once they're all done, put them on the blockchain and that's supposed to be transparent. So again, a big a big illusion of some level of privacy that doesn't really deliver. There are a lot of caveats to Trumpcoin it. Okay. So that brings me to Trumpcoin then. if you could explain to our listeners, our audience, what it is, who's behind it, why is it looked upon as like a potential bribery tool for operatives to funnel money to the Trump brand and his family? Sure. So, the Trump memecoin um as it's understood was a a crypto asset that was uh issued by a set of entities affiliated with Trump um prior to his inauguration and then sub there have been some subsequent activity around that including most infamously the sort of auctioning off of seats at a special dinner with the president to the highest buyers of that coin. Um, I think this raises a bigger question about what crypto assets are or not. Um, most crypto assets don't have a lot of real what we call utility, right? Like, um, when you buy an Apple stock, right? There are ways you can, you know, mess with that on Wall Street. But that stock is tied to sort of a promise that Apple's going to go away and take your money and do something with it, make a product, provide a service that other people are going to pay them for, and you're all going to benefit as a result. And there are lots of ways you can point to like what does Apple do? Well, it makes these products. What's its income? What's its projections? Who's managing it? There's all this information you can glean from a a plain vanilla stock that lets you know that your investment is a decent one. There's some risk, some reward. Um there's rules that set that out, but a lot of crypto assets are based mostly on hype. Um they present these white papers that are just kind of a lot of crypto jargon. They talk about tokconomics which are sort of hocus pocus around crypto stuff. And so memecoins are the these sort of like antithesis of that, right? Memecoins are literally a token issued on almost nothing more than an idea or an image. Um people have compared them to like trading cards. And so the Trump memecoin was presented as, "Hey, buy this if you are psyched about the Trump agenda or want to be part of team Trump." Exactly. Okay. Um, but here's the thing. Even if you're offering something that's worth nothing but what other people will buy for it, it's still in some form an investment because people are buying it. Let's put it this way. I don't buy a Beanie Baby unless I want one for my kid, right? I buy it because people think it's valuable and it will increase in value, right? some form of investment. And so what Trump has done is sort of like beat the crypto bros at their own game. He's taken this speculative asset, put it out there. He has made a lot of money from it and his entities because they make money on the fees and they make money on um their Trumpcoin holdings, right? A lot of crypto assets, it's the insiders that benefit. They issue an asset and say, "Hey everybody, go buy this thing. Um the number is going to go up and you're all going to benefit." But at a certain point in time, they kind of know when that number is going to peak and so they sell. It's often called a rug pole. And so Trump has really done a rugpole. There are studies that have shown that like I think somewhere upwards of 700,000 people who've bought that coin have lost money, but he has made millions from it. Jeez. So the reason it's a source of griff to get to your question is it's uh a lightly regulated way to simply part people from their money to to gamble. Um, but the house always wins. In this case, the houses. And in terms of influence, because of that pseudonymity of the blockchain, it can be very difficult to figure out who's actually buying those coins. Right? If you if you went to Trump Hotel, like there's a ledger. People know that you went there and that's like an avenue for influence. But coins can be created overnight. Wallets can be destroyed in a heartbeat. It's just offers limitless opportunity for for grift and influence pedaling. So in in Secret Bribery essence couldn't like I don't know Qatar buy, you know, $50 million worth of Trumpcoin. We don't know that it happened, but he knows it happened. He he it's almost like is it possible for them to do that and he kind of reaps the rewards of that money? Uh it's it's, you know, it's bribery. It can be like secret bribery. That's exactly right, though. I think I'd add to that like right now the the sort of the quid proquo seems to be out in the open. not so secret. Yeah, there was another big crypto deal uh with Trump's new stablecoin, which I'll talk about in a minute, um where basically uh the World Liberty Financial, a Trump affiliated crypto platform, um uh issued a stable coin, which is basically a crypto asset that's backed by a bucket of other assets. Most crypto is volatile, right? Because if people will only pay you what they think you'll pay for, the price goes up and down all the time, right? But if you have a bucket of reserves, maybe it'll stay stable. Maybe not. So Trump uh World of Financial announced a deal where their new stable coin was going to be the the token used to make a massive investment in crypto platform Binance by the um United Arab Emirates investment arm. Um a private company affiliated with a with a royalty there. It's involved in like weird cyber security and surveillance stuff. And so overnight he makes fees on that stable coin because when they give him $2 billion he gets to pocket that money and they get the tokens and they invest in Binance, a platform that was basically fined $4 billion for moneyundering in 2023. So that's completely out in the open. It, you know, $2 billion versus a 400 $400 million Qatari jet. Both are problematic, but one is a lot bigger than the other, right? My goodness. You Stablecoins wrote this really great article. Sorry. You wrote this really great article in Rolling Stone about stable coin and how it's literally like propping up the casino of crypto. What does that mean for regular Americans who don't even invest in crypto at all? How much of a reality is it that it might affect, you know, their their money in their regular bank? Do they need to start hiding it in a mattress in the backyard? What do we what do we what do Americans do? I won't go that far, but I think um the crypto industry's influence over both Congress and the Trump administration is sort of paving the way for new regulatory policies that that really mirror what we saw in the leadup to the global financial crisis. And stable coins are a big part of that. So, um, stable coins, right? Like, um, if you're trying to crypto gamble, um, it doesn't make a lot of sense to use certain crypto assets on those platforms because if the price goes up and down, your winnings are losses are going to going to be wiped out by that fluctuation. So, a stable coin is really useful. It's like a poker chip in the casino. like you you take a hund you know 100 mark dollars or $100 and buy 100 mark coins and those coins you use on that platform and then you cash out and when you cash out they the person who issued them says okay we give you a promise we'll redeem you right it just so happens that that's what banks do that is one of the primary purposes of banks but the legislation that the crypto industry is trying to get past is essentially a bank light version what the crypto industry wants stable coins to be is a new form of payment the kind of thing you'd use like a credit card to buy your loaf of bread because you can make billions issuing stable coins and crypto platforms, but you can make trillions if everyone uses your deacto private currency at the checkout counter instead. And so, um, that is one of the sort of holy grails of the industry. And this new bill called the Genius Act, it's being moved through the Senate right now, unfortunately, has bipartisan support. We'll get to that in a minute. Basically tries to create some regulatory guard rails for these assets. But one of the big things with financial regulation is if you take an asset that's not so safe and pretend that it's safe but don't actually back that up, it actually amplifies risks. That's the kind of thing we saw in the global financial crisis where a lot of investors had these pools of liquid assets or known as money market funds that everyone treated like they were cash except they weren't cash. that paid interest and were weren't backed up by like deposit insurance or the bank. And when all those platforms started collapsing because of the mortgage back securities stuff, people ran to take their money out of those pools and put them into real cash. But that meant that there was no money left over for anyone else to trade. So as stocks went down, people couldn't sell them off to stop the bleeding. And so what this bill, what we're worried this bill, the Genius Act, would do is create the same state of affairs. bunch of people using these new tokens at the checkout counters thinking they're safe like bank deposits um or backed by the US government but in fact they're backed by just a bucket of assets that the crypto industry may or may not manage well may or may not be able to uh handle if things go south so we're really concerned about that and I think that's an example of some of the deregulatory stuff we we see going on in Congress right now with crypto so it's the stable genius act that's very clever Uh so uh what is the status of this bill? Uh it's my understanding is Stable Genius Act is it that it's in the Senate? Um you know who's supporting it? Um is it going to pass? And what should Americans know about this? Sure. So there are two bills. One's called stable, one call genius. The fight is really in the Senate, right? because um that is a place where um Democrats have leverage to push for changes that could either mitigate or or do away with some of the huge risks inherent in this bill. Those risks include basically the fact that if Trump has issued his own stable coin, you're going to be endorsing legislation that enables him to continue to profit from this space while in public office. um what kind of bill could be passed that Trump would sign that would ensure that regulators are actually holding his entities accountable? That's really the questions Dem should be asking. So, the bill has already gone through one big procedural vote. Um, what's really interesting is that I think some Democrats are understanding the threat that Trump's conflicts of interest posed here and are really making the case that you can't really pass good policy um when Trump's presence in this marketplace distorts things so much and that Democrats have limited leverage right now. They should be pushing for legislation that that directly addresses and gets rid of this kind of conflict of interest for anyone in the presidency. And if not, then they shouldn't vote for the bill. But the crypto industry has spent hundreds of millions of dollars in politics. That money has earned the favor or fear of Republicans and Democrats alike. And there are a host of Democrats who are pushing for sort of a halfway measure that this bill represents in the hopes that maybe they can fix it later or um maybe this will frankly uh make it so the crypto industry might not spend as much money against them in 2026. But I think that's a fool's bargain. Um, and instead they should be using the leverage they have to push back against a bill that that looks like a regulatory reform but could be uh or deregulatory based to the bottom bottom in disguise. So are are Are there enough Democrats there enough Democrats, you know, there the there's the 60 bolt vote threshold for closure in the Senate. Um, are there enough Democrats who are potentially supporting this that it might get through? I I'd say yes right now, but I still think it's a it's a huge open question right there. So, um a couple weeks ago, uh the Senate thought this was going to be a cakewalk, but to their credit, uh nine Democrats said, "We're not ready to pass this bill until you make some changes and we're really concerned about um the Trump uh corruption context here." Uh some of that was really just buying time to make a few cosmetic changes to the bill that satisfied a few offices. And so the bill has passed a major procedural hurdle that that got 60 votes. Oh, what we're going to see next week down to the wire is a host of amendments being introduced, some of which are more symbolic and some of which could actually solve problems in the bill. Okay. Um and uh followed by a final vote. So they have the votes, but I think many Democrats are still facing pressure from their constituents who are concerned about Trump's involvement in the space. So it's really up to kind of people out there who want their policy makers to do the right thing to make sure that those those offices know that they don't want them signing off on something that could enable Trump and really sew the seeds of the next financial crisis. Let's assume it all passed and it got Could this bill bring on another 2008 signed into law. What do you see as markers that we could recognize as the American people as uhoh it's now affecting adversely America? Like when we think of 2008, like I'm a big fan of the movie The Big Short. I don't know, have you ever seen the big short, you know, about the financial crisis of 2008? And I apologize, but that's where I learned a lot of what a CDO was. But still, there were markers that that these people read the tea leaves of these mortgage bonds were terrible and, you know, blah blah blah. What would you say would be the markers that we should be keeping an eye on if this things passes? Like, could this bill passing bring on another 2008? It's certainly possible, and I can walk you through a little bit of some of the scenarios. Um, I think one thing we haven't even touched on with this bill is that um, right now there is what we call a firewall between banking and commerce. It's not as strong as it used to be, but over the course of the last hundred years, we've learned the hard way that when you allow big non-financial firms like an Amazon or a Walmart um to get involved in the business of banking, it can hurt consumers on both sides of that line um because it creates huge concentration risks. You know, think of the guilded age where, you know, people worked for the company, got company script, and then had to buy things from the company store. You imagine how well that turned out for folks. Yeah. So this bill basically does not have a sufficient firewall to prevent that sort of thing from happening. So one of the markers you can see is that you might see is a Facebook or an Amazon issuing a stable coin and using that to sort of gain even more monopoly power over both um financial activity uh as well as consumers choices, options and and economic well-being. um that that's something we've really pushed hard against in this bill is to reestablish that that firewall. I think another thing, you know, you could see down the line is um lots of people putting their money in stable coin accounts like they kind of do with Venmo or PayPal accounts, which by the way are insured. So, they're not as safe as you think they are. Um they're useful but not insured. Uh and taking them away from bank deposits. Now, you know, lots of problems with banks, but at their core, right, banks often provide credit for local communities, right, to get a loan to, you know, um get a tractor for your farm or to open a new business. That's still an important service, but one concern is that these stable coins um uh stable coin issuers aren't supposed to be uh lending out on the back of those reserves. They don't have deposit insurance to keep everyone safe, right? So instead, they just have to hold on to those reserves. But if more people are putting money into those reserves, it means there's less credit available at a local level for people to do the things they need to do like take take out loans, finance their businesses, etc. That's one reason why there's sort of an odd bedfellows here. We've got consumer groups that are concerned about this, but even small banking entities are concerned about how this could affect local credit. Um, and then finally, I think, um, in some ways, what will be actually here's a great way to think about this. We've already seen a bit of a stable coin run in the past. Um, in 2023, there was a bank called Silicon Valley Bank which catered to the the Jetet uh VCs out in San Francisco um that experienced a run. Now, they experienced a run for two reasons. One, they had a bunch of money in in treasuries and they didn't manage the interest rate risk well, even though everyone knew interest rates were going to change. But two, the VCs who got scared about this did the very thing they didn't want to happen, which is they started a rumor mill about SBB not being solvent. And it turns out when you do that with a bank that's a little unstable, it causes it to run. One of the biggest depositors at SBB was a company called Circle, which is the biggest US-based stable coin issuer. They're supposed to be the grown-up in the room. There are some really sketchy stable coins out there like Tether, but they're supposed to have safe assets. they're supposed to manage them well, etc., etc., etc., but about 20% or 3.3 billion of their reserves were held in uninsured deposit accounts at SVB. Oh, wow. Um, and within uh a few hours of this starting to happen, you already saw the peg, the price of that stable coin, which is supposed to stay stable, go down. And they called it their sort of Cuban missile crisis moment. If the Fed and Treasury had not stepped in and offered to make all of SVP's depositors whole, despite the fact they didn't have a deposit insurance for those accounts, you would have seen another crypto crash to rival the one that happened in 2022. So, in some ways, the problem is we won't see some of those markers until it's almost too late. Wow. Because everyone thinks the assets are safe until something happens and you have a run. So, we're trying to prevent that before it starts. Wow. Um, and so I How to fight back guess just to kind of and and thank you again for coming on and explaining some of this because it's so it's it's a lot for uh just kind of your average everyday American to take in. And like back in 2008 when you think of like um things like CDOS's and synthetic CDOS's and all these types of things, it's it's it's almost confusing by nature. So you'll just leave them alone to do their corruption. Um, what do you recommend we as Americans, uh, our listeners do to fight back against something they barely understand? I, that's a great question. Um, and I think first of all, don't don't be snowed or fooled by the jargon. There's very little that's new under the sun. Um, we know what can work to keep financial markets safe and to protect consumers. Um, regrettably, we're in a situation where the crypto industry has joined forces with folks like Elon Musk to destroy some of the regulators like the CFPB that have provided real results and real protections for consumers. But that fight is not over. And so what they need to be telling their members of Congress is we shouldn't be writing new rules for some of the most predatory and aggressive um sort of uh grifters out there in this industry. they should have to play by the same rules. Um, and we should make those ru rules stronger and make sure that regulators have the power to protect people and aren't cowttowing to whether it's Wall Street, banks or the crypto industry. The idea is is that those rules should work for everybody, not just a few who can play this game. And I think if you stick to that frame, that's something everyone can kind of understand um, and not get sort of caught up into claims of crypto innovation, etc. That's not a lot to it. What's important is that we have robust rules, robust oversight, and accountability for the whole financial system. Um, and and that's what we're trying to to uh make sure members of Congress understand in this fight. I also really quick, I just before we uh Advice to young people stop is is I get nervous when I see things like how easy it is now and these oh these, you know, meme coins and stuff and it looks exciting to younger people, right? And they think, oh, this is this is a way to invest. fact, we we have children ourselves, you know, and you you know, I'm wondering like I mean, I can just see people just getting wiped out. Uh and and you know, um what is your advice to younger folks out there, you know, 18 and older that are listening to this and go like, "Yeah, but I support Trump and he'd never let me down and stable coins. Stable coin, you know, even though they don't even know what they're talking about, you know what I mean?" What would you say to young folks out there who are like, "This sounds exciting. I I want to make some money in this." Mhm. I think first acknowledge that you know people are coming to this with real concerns right like um there are a lot of people who've lacked access lacked access to financial services you know people struggling to clear you know paychecks people struggling to get a loan people who just want to put a little bit of money away um so I I think you know putting people down because they want to find a way out of that is not not the right way to go. I think the second thing is to ask is just simply say look totally understand this but um it's not enough to just do your homework or I think do your research is the phrase online you really have to ask yourself if it seems too good to be true it probably is too good to be true um and just ask really fundamental questions like uh I'm not investment advisor but you know you can at least say well who's offering this what's the underlying thing what happens if something goes wrong um by getting people to ask simple questions but important questions about the nature of their investment and their investment strategy. That's a way to get people out of sort of the hype bubble and to really be thinking about what are they trying to achieve. Um, so I wish I had better advice, but I think that that's the place to start. That's good advice. Yeah, great advice. There's no perfect answer. You know what I mean? Shoot. Mark, we can't thank you enough for coming on the show and and helping us understand this. And over the next uh four years, I have a feeling we're going to be dealing with a a lot more crazy. and we just uh we we sure hope you'll come back on and and help our listeners understand. Well, I'd be glad to and uh keep up a good fight. We'll we'll stay in touch. Sounds good. Thanks. Thank you. Jesus Christ, man. I mean, if that doesn't get you freaked out, you know, it's corruption on top of corruption. What drives me crazy is like how do like your average everyday hardworking Midwest Trump voter not understand the corruption that's going on? He's just making billions. you know, you know, and they sell it like, well, you can't trust the traditional systems. It's all corrupt. And it's like, the freedom. I I want the freedom. You know, you should know where I'm spending my money here. Yeah. Exactly. So, we're going to prop up this other system that's way more corrupt, but we're going to pass it off as something that's not, you know, it's way more complicated. Way more but and that's like I'm I'm going to be honest, like I do not understand finance at all and and I really don't get this stuff. And Mark was a great guest and helped me understand it, but I'm also I'm I'm still like I don't get it. I'm just like it's crazy. Yeah, it's crazy. And it's just like a fake like disguise for what the dollar already is, for what a cash buy already is. And I understand you don't want like all your transactions like noted in a file somewhere, but guess what? They are. He even just said he's like you can't even they know exactly what you're doing. But again, you know, okay, fine. We want the freedom to create um additional currencies. We want the freedom to um be private about uh our transactions and things. Fine. But like what uh Mark was saying, but then we need some regul regulation on that, you know, and and the truth is is 2008 wouldn't have happened had we had proper regulation on banks and what they do to mortgage bonds and things. And so, um yes. Yes. on the freedom. But uh folks, I mean like like I was saying to Mark, like you know, we the research we were doing for this interview, but because what was going on, I did learn more, but I'm still like I'm like, "Oh my god." But ultimately, I think the thing we should all rest on is what he also said was get in touch with your uh reps and uh tell them tell them what quit the quit the funny business. Quit the funny business. You know, like we're not kidding. call them up, leave a message, send an email, do all of it. It's really the only thing that we can do, especially your senators right now. And and and let it be known that uh us here on the Dangerous Ones are going to hold uh the feet to the fire of the Democrats who go along with this thing and we're going to keep an eye on it and we're going to keep reporting on it, you know, and I'm going to be telling everybody what you did. And don't you just love they the staple act, the Genius Act, you know, it's like Oh man. Yeah. The big beautiful bill. Oh my god. Folks, thank you for joining us here at the Dangerous Ones. Once again, go to www.tealandorreport and check out our Substack. Please become a paid subscriber. It helps support this show. Please subscribe to us on YouTube, on Apple Podcast, Spotify, or wherever you enjoy the show. Give us a like, a fivestar re uh fivestar review. It would sure mean a lot. And until then, we'll see you next week.

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