Make it Downpour – House Speaker Nancy Pelosi went full Frank Underwood in recent weeks and managed to rally enough centrist-Democrat support to barely pass the $3.5tn budget proposal. This proposal, guiding much of government spending for the next decade, has opened up the possibility for reconciliation, which will allow some of the most crucial aspects of the Democratic agenda to be passed without needing support from across the aisle. On top of that, this vote also set a deadline of Sept. 27th for the vote on the infrastructure bill. Like it or not, this shows our extreme gerontocracy is still really, really good at spending money.
How Do You Do, Fellow Kids? – If you didn't think big companies were scared already, check this out. The DeFI movement is spilling into corporate America and Visa, the company that (probably) processes a lot of your transactions, has purchased a CryptoPunk for $150,000. Now, the debate is raging over whether this is Visa showing some sweat on its brow or simply a cheap, creative marketing tactic garnering plenty of media coverage. Either way, what matters is that this is a huge legacy financial infrastructure player getting into DeFi in the most Gen-Z way possible.