The Daily Herold: 5/21/26 - Polis Censured, Monaco Referral & Bitcoin Reserve Act

Jon Herold comes in Thursday admittedly light on show prep and heavy on improvisation, which turns out to be a feature not a bug. Colorado Democrats just censured their own governor at a 90% vote for having the audacity to commute Tina Peters' sentence, and Jon asks whether this is a genuine internal party revolt or a coordinated effort to rehab Polis as a future national candidate. Former Biden deputy attorney general Lisa Monaco is now facing a DOJ referral alleging she shielded Microsoft from cybersecurity enforcement actions that her own office pursued against other, smaller contractors. Jon also picks up Joshua Bittle's thread on the $1.776 billion anti-weaponization fund: the real story is not the political optics, it is whether Trump used the Judgment Fund to bypass standard congressional appropriations, and what that means for executive power going forward. The American Reserve Modernization Act would authorize the US Treasury to acquire up to one million Bitcoin over five years and codify Trump's strategic Bitcoin reserve into law. Jon is skeptical Congress will pass it and loves the idea anyway. Trump also appeared somewhere with a man whose belly button demanded and received the full attention of the show for approximately fifteen minutes. Jon has no regrets.