Episode 4 - World Liberty Financial Scandal And What It Means for the CLARITY ACT

I'm covering three big stories this week. First, I lay out my thesis that stablecoins are the dollar's third act — from Bretton Woods to the petrodollar to a digital dollar reserve system built on the GENIUS Act. The Iran war may have just put the final nail in the petrodollar coffin, and I think Treasury Secretary Bessent knows it.Second, the White House backed up what I've been saying for weeks: the banking lobby's doomsday predictions about stablecoin yield are overblown. Banks pay you less than 1% on deposits while fighting tooth and nail to make sure you can't earn 4–5% on stablecoins. I break down why, and what Congress needs to do about it before the Clarity Act markup.Third — and this one really frustrates me — World Liberty Financial dropped a bombshell the night before this episode. A $75M DeFi borrowing move that drained liquidity and locked retail users out of their funds, right when we're trying to get the Clarity Act over the finish line. The timing could not be worse, and Senate Democrats are going to use it.All this and my case for why making your wallet your bank is the smartest move you can make right now.