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Fundamentalist WED JUL 22 · 4:44 PM ET

PELOSI AND 197 DEMOCRATS VOTED AGAINST THE STOP INSIDER TRADING ACT — THE PEOPLE WHO WRITE THE RULES REFUSE TO STOP TRADING ON THEM.

The Stop Insider Trading Act passed the House 232-198 today. Nancy Pelosi voted against it. So did 197 other Democrats. The bill would ban members of Congress, their spouses, and senior staff from trading individual stocks and holdings while in office — the same behavior Pelosi's household has quietly turned into one of the highest-performing portfolios in the country. This is the Fundamentalist read: the institutions that write the rules of the market refuse to accept the same rules as the people who trade in it. Bitcoin makes segregation of money and state possible — a bearer asset with a fixed supply cannot be traded on non-public information because there is no non-public information about it. What Congress voted against today is what Bitcoin already is.
READ THE FULL STORY AT NY POST →
ny post · house passes h.r. 7008, 232-198
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