How Silicon Valley Humiliated the Democrats

For decades, democratic leadership has tried to market its willingness to craft pro-corporate policy as political sophistication. Last summer, 2028 presidential hopeful Ruben Gallego championed the GENIUS Act, a bill that deregulates parts of the cryptocurrency industry, which directly benefits one of Trump’s crypto firms. At a 2025 forum, Gallego repeated a vague, starry-eyed, crypto industry talking point, saying of an industry whose customers lost an estimated $17 billion that year due to sca...