by Lilly Gioia
It’s doubtful most people who voted for now PA Senator Dave McCormick, a wealthy Wall Street hedge fund manager, knew they were voting to elect a major cryptocurrency investor scheming to make even more money once he got access to inside information McCormick was endorsed by the CEO of a major crypto firm who said in the campaign, “If you live in Pennsylvania, you should vote for Dave McCormick. He is the better candidate on crypto.” A Senator buying Bitcoin ETFs could signal support for the leading cryptocurrency. The day McCormick joined the Senate Banking Subcommittee on Digital Assets on February 26th, he began serious investing in Bitcoin. First he sold $1 million of his Goldman Sachs stock and promptly invested $600,000 in cryptocurrency. McCormick tweeted: “2025 is the year for digital assets. Blockchain and digital assets offer Pennsylvania and America the chance to lead the next wave of innovation, enhancing our national security and our economy. Proud to be a member of the inaugural Senate Banking Subcommittee on Digital Assets.” While McCormick was still buying crypto, in early March President Trump signed an executive order creating a national stockpile of Bitcoin and other digital currencies. In legal cases over time the US has seized an estimated $17 billion in Bitcoin which will be the basis of this new stockpile. David Sachs, the White House crypto and A.I. policy czar, said, “This executive order underscores President Trump’s commitment to making the U.S. the ‘crypto capital of the world.’” He likened this Bitcoin reserve to a “digital Fort Knox.” The issue is that the crypto industry is a volatile sector that has battled federal regulators for years. Trump’s election stopped any battling. Since his inauguration, the Securities & Exchange Commission dropped two lawsuits against two of the biggest U.S. crypto companies and halted investigations into several others. Trump hosted crypto executives at the White House for a first-of-its-kind “crypto summit.” President Trump and his family have personal financial stakes in the success of the crypto industry. This creates major conflicts of interest that raise alarms with government ethics experts. Skeptics argue that it is dangerous to link the United States economic future to a highly volatile asset. In January Business Week’s story “CRYPTO WON. NOW WHAT?” warned of concerns that the crypto industry has consistently ignored existing rules. “The crypto industry is built on a foundation of regulatory noncompliance,” an American University law professor said. With Trump’s approval now, the firewall separating the volatile and fraud-prone crypto markets from traditional finance may not hold through a Trump presidency, or protect us from the next crypto market meltdown. What little previous S.E.C. crypto enforcement we’ve seen is likely to disappear when President Trump’s new S.E.C. chairman is confirmed since he is a known crypto cheerleader. The new administration has telegraphed its intention to de-fang or dismantle the agencies and regulations that protect consumers and maintain faith in businesses and markets. As retirement account administrators, including those managing employer-sponsored 401(K) plans, offer crypto exposure, risks for widespread fraud in cryptocurrencies remain. This looming threat could impact retirement savings and pension funds, even the broader banking system. Are we risking another devastating government bailout? President Trump is unconcerned. He just announced “the most EXCLUSIVE INVITATION in the World,” in a flashy online invitation. You have a chance to have an “intimate private dinner” with President Trump On May 22nd at his member-only Virginia golf club followed by a tour of the White House. Seats are reserved for the top 220 investors in his cryptocurrencies $TRUMP, launched on the eve of his inauguration. Let the President know how many $TRUMP coins YOU own.!” The $TRUMP meme coins price surged more than 60 percent suggesting investors were rushing to accumulate enough coins to qualify for a dinner seat. This blatantly makes a pay-to-play deal by a president with board immunity from laws governing conflicts of interest.
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by Brian Dugas
If you are at all like me then you are watching what is going on in this country with anger, frustration, and resentment, so much so that at least in my case, it’s beginning to take a toll. This social action minute is not meant to diminish the pain we are feeling as we watch many of the people and structures we cherish being attacked. But In thinking about this Social Action Minute I was a little perplexed as to how I could talk without sharing my frustration and anger, because I really don’t think we need anymore of that right now. I was reminded of a story I once heard that I would like to share: Once upon a time there were two Buddhst Monks on the side of a road sheltering from the rain. It was a very heavy rain making the road a muddy mess. A woman wearing a beautiful silk kimono approached them and asked “excuse me, would one of you care to carry me across the road so I don’t get my kimono dirty”. The first monk said “I’m sorry, but our vows forbid us from touching a woman”. But the second monk smiled and said “Of course I will”, and then he carried her across the road. A little while later the first monk turned to the second monk and asked him “How could you have done that brother, how could you have betrayed our vows and our religion like that” To which the second monk responded “I put the women down hours ago brother, why are you still carrying her?” This old Buddhist story illustrates the habit of not letting go of the things that cause resentment and frustration. It is about freeing yourself of the anger that will fester inside you, turning your mood dark, and weighing heavily upon you. The more we reflect and worry about things done to us, done to others, or even what is happening in the world, the more that the issues will amplify and cause us more suffering. The story is about letting go of the things that you cannot control, letting go of the things that don’t serve you, letting go of those things that don’t make you better…… then maybe we can also be at peace like the two monks just watching the rain fall. Now I’m not a Buddhist Monk, and I don’t think most of you are either, but I believe there is value in this lesson that we need to take to heart. We have this administration for the next four years whether we want it or not. Things are being done that will cause us all great pain and suffering if we let it. We can either let that fester and cause us suffering, or we can let it go. If I may, I would like to add another option, we can work on making ourselves better and stronger because of it. As a congregation we have already begun taking action along these lines by:
Maybe you have seen this cute little quote from the Winnie the Pooh series. Piglet and Pooh are walking together making tracks in the snow when Piglet says to Pooh “You only live once Pooh” to which Pooh responds “Wrong, we only die once, we live everyday”. I strongly recommend that you don’t waste a single one of those days on this administration. They are far too precious. by Lindsay Riddell
Nineteen states are suing over President Donald Trump's recent executive order on voting that he signed last week. Trump's March 25th order seeks to make dramatic changes to voting and election administration and threatens that if states do not comply they could lose federal funds and face potential action from the U.S. attorney general. Among the changes, the executive order directs the Election Assistance Commission – an independent, bipartisan body — to rewrite the federal voter registration form to include a requirement that Americans must show a copy of a proof of citizenship document to register to vote in federal races. It also aims to prevent states from counting mailed ballots that are postmarked by Election Day but arrive after the election, which 18 states currently allow. The lawsuit from the states argues that these changes cannot be ordered by a president, since it is up to states and Congress to decide how elections should be run. It also argues the president cannot direct the Election Assistance Commission to take actions since it is an independent body, and that adding a proof of citizenship requirement on the federal registration form conflicts with existing federal law. Meanwhile, Republican lawmakers are backing federal legislation that will change federal law to require proof of citizenship to register to vote. The Safeguard American Voter Eligibility Act, or SAVE Act, would block millions of eligible voters from participating in our democracy. Like Trump's executive order, it includes citizenship documentation requirements that would exclude millions of eligible citizens from registering to vote if they don't have passports, access to their birth certificates, or if those documents do not reflect their name following a name change. This would include trans people and tens of millions who change their name upon getting married. Beyond this, it would require voter roll purges – disenfranchising eligible voters while furthering lies about voter fraud. Trump’s executive order could be blocked by the courts, but the SAVE Act is up for a vote. The SAVE Act isn't about safeguarding elections. It's about silencing voters. Tell Congress to vote no on this dangerous bill and protect our voting rights. |
The Social Action Minute
One of the most popular features of our Sunday services is our Social Action Minute. During this time, a member of the Social Action Committee speaks on a topic of their choice in order to bring awareness and a call to action to the members of our Congregation. These are the archives of the Social Action Minutes presented at our Sunday services. If you missed a service, or are interested in the topic, you can revisit it and get information here. Archives
June 2025
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