I was right. "Lawyer" starts out with name-calling and an insistence that trial is "unconstitutional". He's saying Trump's 1/6 speech was rather bland, and pretending that was the only thing the House managers talked about, and the managers were "slanderous."

Bilious bullshit.

"Lawyer" is arguing that since there were objections raised by Democrats to some of the vote counts in 2016, that means Trump didn't engage in sedition.

I'm not sure how that logic works.
Now they're running a Trump campaign commercial.
A bunch of whataboutism, contrasting patriotic music behind Trump's racist dogwhistles about "law and order" against Democrats making firey speeches with dark music.
He went to the moronic Gym Jordan argument that Trump couldn't have instigated insurrection if the violence was gonna happen anyway (without acknowledging Trump had been encouraging and building up to that violence for close to a year).
About ten minutes in, and already he's fulfilled all of my expectations.
https://t.co/IKpBkDzahB
I think he intentionally mispronounced "Kamala" and "Ayanna".

Of course, he also referred to "incitement to resurrection," so it's hard to say.
Most of his presentation so far is distraction and whataboutism. No reference to the arguments and evidence presented by the House Managers.
Like all Republicans, he can't distinguish between a noun and an adjective, and he insists on referring to the "Democrat Party."
Schoen's argument is, "Democrats HATE Trump! They HATE him!! They HATE HATE HATE TRUMP! Do you hear me? They HATE TRUMP! It's all because they HATE TRUMP! It's TRUMP! and they HATE HIM! Got it? THEY HATE TRUMP!"
Schoen is claiming the House didn't give Trump "due process."

There is no "due process" consideration in either a grand jury or a House Impeachment. That's not how it works. It's like saying you can't checkmate someone in chess without holding a straight flush.
Schoen is insisting anything that was reported by the news media is false.
He's also pretending courtroom due process must be followed--after meeting with some of the jurors to plan strategy last night.
Back to THEY HATE TRUMP!!!! HATE HIM!! That's why we have to acquit Trump!! Because DEMOCRATS HATE TRUMP!!
More here.
https://t.co/KyCcL1HyOK

More from Law

1/ After a good night's sleep, I have a few thoughts on the impending Ripple lawsuit.

Less schadenfreude, more "what now?" https://t.co/a0oTwblBHB


2/ First of all, the USG is going to lose.

I don't even need to read the complaint. They might force a settlement, but they're outclassed on legal.

Remember Ripple engaged former SEC Chair Mary Jo White in a civil matter in 2018. A hint of their

3/ Second, the USG should lose.

The SEC restrictions on non-accredited investors; the ridiculous Howey test; 80 year old securities law like the "40 Act" all need to die in fire. They are un-American and completely outdated.

I hope Ripple wins. (WUT?)

4/ Third, it's incumbent upon industry to self-police and hold the moral high ground.

I give certain individuals A's and others F's, but as a whole, the most powerful people and companies generally take a Swiss neutrality stance on assets.

So we're effectively in this together.

5/ We're "in this together" to draw lines of regulatory demarcation.

XRP as a "security" further hurts the U.S. businesses while global comps will continue to make these markets.

XRP as a security also means other assets will meet the same fate. At least Ripple has $ to fight.

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.