JEFFREY EPSTEIN'S BANKER MAD AT LOSING TO BITCOIN Fixed the title

Jamie Dimon went on cable this afternoon and said two things on tape. One. The Clarity Act will be fought. "We'll fight it. If we lose, we lose. [but] It will be fought." Two. Brian Armstrong is full of shit. Jamie Dimon is mad, yall. JPMorgan doesn't lobby against laws that protect the bank. JPMorgan lobbies against laws that protect the saver. The Clarity Act is the second kind. It draws a line around digital property rights that the bank cannot custody, cannot rehypothecate, and cannot turn into a fee stream. The Coinbase fight is the small fight. Coinbase is a custodial exchange. Coinbase holds keys on behalf of its users in the same shape that JPMorgan holds dollars on behalf of its depositors. The frame Dimon is contesting is broader than that. The frame is whether Americans are allowed to hold an asset the bank can't freeze. Bitcoin Well doesn't hold your keys. JPMorgan would prefer you didn't hold them either. The Clarity Act will pass or it wont. The bankers will fight or they wont. The chain will issue 144 blocks tomorrow morning regardless. Hold your own and skip the noise.

Allow me to translate this letter from eBay for those who don’t speak legalese: Ryan, We got your unsolicited offer to buy eBay for $125/share (half cash, half stock) supported by your 5% economic interest in eBay. Our board, backed by the usual crew of bankers and lawyers who get paid either way, “thoroughly reviewed” it. We’re rejecting it. Not because the math doesn’t work. Not because the highly confident letter from TD Securities for up to $20B on top of your $9B cash pile is fake. None of that. We’re rejecting it because your entire approach to running a company is an existential threat to how we like to operate here. Here are the reasons we feel this way, and the things we considered before paying consultants to write this: 1) We’d rather keep milking eBay as a “standalone” cash cow than let you turn it into something bigger and better. 2) Sure, you’ve got real financing lined up and you “know people” with deep pockets, but we’re going to call it “uncertain” anyway so we don’t have to engage. 3) Your plan would actually force real long-term growth and profitability changes we’d rather not be held accountable for. 4) The debt we pretended you can’t even obtain, the operational integration and focus on seller satisfaction, and most importantly, putting someone like you in charge of the combined entity all sound like a nightmare for our current leadership structure because all of us would have zero job security. 5) The valuation math only looks bad if you ignore the 46% premium you’re offering our shareholders and the upside from fixing eBay the way you fixed GameStop, which we are choosing to do and hoping nobody notices. 6) And I hope we buried the lede far enough here: Your governance and executive incentives are completely incompatible with ours. You and your board take zero cash, no salary, no bonuses, no golden parachutes. You buy shares with your own money and only get paid if shareholders win. We, on the other hand, like our nice, reliable annual payouts regardless of whether the stock is flat or the company is just coasting. We’re not about to hand over our golden goose to a guy who eats only what he kills. Look, eBay is “strong” and “resilient” in the way every entrenched public company says it is while handing out eight-figure checks and perks to the C-suite. We’ve done the usual incremental stuff: tweaked the marketplace a bit, returned some capital, and we’d like to keep doing that without any cowboy from GameStop coming in and demanding actual skin-in-the-game accountability. Can you just leave us alone? Our team remains focused on protecting the current regime and delivering “value”… mostly to ourselves and our consultants. Thanks, but no thanks, Paul S. Pressler
Chairman of the Board, eBay
(And proud beneficiary of the status quo)

🚨 The banking cartel is in full panic mode. 🚨 While Americans were celebrating Mother’s Day with their families, the CEO of the American Bankers Association sent a frantic alert to every bank CEO in the country, demanding “immediate engagement” to lobby Senators and kill stablecoins that would finally let everyday Americans earn real yields on their own money. This line in the letter sticks out: “we believe committee members may not be fully aware of the risks to the economy by the stablecoin loophole.” That’s both intellectually dishonest and simultaneously demeaning. First, there is no “loophole.” This entire issue was litigated during the GENIUS Act debate. @BillHagertyTN worked tirelessly on this issue and this statement is an insult to his and others work. For decades, these banks have treated your deposits like their personal piggy bank, paying you next to nothing while lending YOUR money out for massive profits and executive bonuses. During the Biden era, these same banks worked hand-in-glove with @SenWarren and her allies to debank Americans, including President Trump’s own family. They shut down accounts of conservatives, patriots, and anyone who dared challenge the regime, all while regulators applied pressure under schemes like Operation Choke Point 2.0. It wasn’t about risk. It was about political control. Now that innovative stablecoins threaten to break their monopoly and give you actual financial freedom? They’re running to Congress again, screaming about “threats to economic growth and financial stability.” Translation: Protect the racket at all costs. The Senate Banking Committee votes on landmark crypto legislation this Thursday. As a member of that committee, my message is clear: Hands off the people’s money. Let Americans choose real competition and better returns. No more shielding Wall Street from the future. The banking elite’s days of rigging the system and debanking their political enemies are over. Innovation, freedom, and the American people will win. I’m voting to break the cartel.

I sold over $230k worth of sports cards last year on eBay - $140k myself and about $100k thru 3rd party consigners. Paid well over $20k in fees myself $10k in fees to consigners. Would be great to see lower fee % and to have my fees not be used to subsidize free happy hours.

$EBAY: The Stuff You Inherit (4) - Counterfeits & Fraud 👮 Marketplace trust is only as💪as enforcement, but eBay has perverse incentive - not only do they take fees on millions of illegal items, those sales count toward & inflate GMV on earnings.🤯 $GME x.com/Counterfeit_Rpt/status…

GameStop's five-year inside buying is: 48,663,062 eBay's insider buys over the same span: -$127,793,985 LEADERSHIP CHANGE NOW. $GME

💯 If @ryancohen $GME wanted a slam dunk seller goodwill win on day 1, undoing recent predatory changes to $EBAY Promoted Listings ad attribution that take more 💸 from sellers without delivering real ROI would be my top suggestion.

is this what an ebay board member should be focusing on? @Shripriya

eBay 2026 Proxy Statement: CEO Jamie Iannone's total comp🔼 from ~$20.35M to ~$28.46M.💰 Median $EBAY employee ~$180,276 - ~158:1 ratio CFO Peggy Alford ~$15.97M Growth Officer Julie Loeger ~$9.88M CLO Samantha Wellington ~$8.35M Commercial Officer Jordan Sweetnam ~$10.45M

Very interesting comments about $EBAY's culture & on-campus pub Walker's West/The Sellar posted on VAR. 👀 👉 bit.ly/3HC0I1w If you're a current or ex-#eBay employee, I'd love to chat! DMs are open, Signal available & confidentiality requests absolutely respected!

"Consistent reliability is central to success & management must do all it takes to achieve it." ~ Elliott Management to $EBAY in 2019. eBay to seller in 2026 - "well this is embarrassing". Yes, eBay - we know.🤦‍♀️ $GME

Anthropic is def woke and lefty, but their refusal to permit Washington to use their tech to carry out warrantless mass surveillance of Americans is eminently based.

It's clear that a lot of workers are going through a personal innovator's dilemma: either (1) build the AI agent infrastructure to displace your own job or (2) hope it doesn't happen (which really means wait until someone else does it). Choosing the first path can lead to multiplying one's value many fold, while choosing the second path would almost certainly lead to the inverse.

the FBI calls Bitcoin money so they can arrest you for money laundering the IRS calls it property so they can tax you on capital gains the SEC calls it a security so they can sue every exchange the CFTC calls it a commodity so you can’t use it as a currency

Gold vs. Japanese government bond yields.

I stand with Coinbase. Fix the bill

Banks can go fuck themselves Coinbase is right No bill is better than bad bill

Banks pay you 0.4% interest on your deposits, then take your money & put it at the Fed, which pays them 5% interest on your money. Federal law bars you from cutting out the middleman & depositing your money at the Fed to get the 5% rate the Fed pays banks. This is oligarchy.

"People should be able to earn more money on their money." Competition, not monopoly, is how we achieve this.