16. March 2026

Ricketts Brings CRYPTO-CARNAGE to Nebraska (and the World)

Who's the U.S. Senate's most Fan-Boy advocate for the industry that currently has a fraud/ripoff/hustle growth rate of 33% year to year? Why it's Ricketts, who the DC Lobbyist cohort call their "But Boy", no ifs, ands or butts.

Before we document his vigorous, Predators' Ball push to pump crypto-currency out there faster than you can say "innovative financial product" and how he's used his Cosplay Senator position to speculate in the financial markets, let's take a quick look at the current state of the crypto-currency. That is, why should we look closer?

Crypto-Currency: Larded With Fraud or Just Outright Scam?

If you believe Kash Patel's FBI report, the fastest-growing forms of business fraud in the U.S. are scams around Crypto-Currencies. I could link to 10 newly-reported ones per day. I'm sure there are SOME crypto-currency operations that are legitimate businesses, I just can't find one to hold up as the exception to the rug-pullers.

In 2024, Crypto-currency vacuumed over $9 Billion out of American consumers' wealth. Complaints were up 33% from 2023. Some of those billions went overseas to foreigners, some overseas to Americans who keep offshore operations and some stayed in the U.S. with our domestic grifters. Rarely a week goes by without revelations of another multi-million or multi-billion dollar Crypto Con. That $9 billion is a low estimate…it's more $ than that actually, because it was only the the partial total…the 149,000 rip-offs American consumers reported.

AYK, many people are embarrassed by getting scammed, many more businesses are afraid to lose customers or have their executives sued when it becomes public they got shorn. Because Crypto was "innovative" and new and not regulated the way it was taxed (that is, like stocks and bonds and wages), the previous Administration proposed some small rules to both deter some of the most obvious rip-offs and to document how those worked. Their hope was to stop or slow the increase. We don't know what the 2025 increase in Crypto-currency racketeering was (did deterrence work?). The new Administration defunded this FBI reporting at DOGE's urging, to lower spending and free up money for tax cuts to Coastal Elites and promote "innovations" from their Crypto-slinging allies.

Our Cosplay Senator was all-in on this effort to defenestrate what little regulation there was on a foreign-dominated sector that generated wall-to-wall scams.

Ricketts's Betrayal and the Crypto-Carnage Catastrophe

Given Ricketts's professional financial-business knowledge (Dude worked at the family's big brokerage outfit for years) and personal day-trader expertise (he made over $5,000,000 in stock speculation in December 2025 alone), one would have to think he'd be seriously Law & Order on these scammers. The money they siphon, most of it out of the U.S.A., is money investors won't have to reinvest in America, and that suppresses the potential gains for people whose wealth is comes from rising prices for their U.S. investments.

But Ricketts took the opposite path, supporting the opportunities for not only Crypto hustlers but also Payday loan grifters (average loan percentage in U.S.A. = 391% annual; capped in Nebraska at 459% annually ) Further, he publicly trumpeted his pride in enabling them.

Here's what he said verbatim (I added some punctuation to the transcription to make it read better):

There's also something that we do called congressional review acts. Now what these are are basically the Congress can try to overturn a regulation that the Executive Office does, the Executive Branch does. We've done that seven times on different Biden-era regulations where the Biden administration was trying to expand the scope of the bureaucrats were trying to expand the scope of what their authority was outside of the laws passed.

So, for example, I led one about the Consumer Financial Protection Bureau where they were expanding their authority outside of the banking into payment systems. So they were supposed to stick to the banking and they were trying to do it for other payment systems that we use. And what kind of crazy part about this is those payment systems by and large people displeased from those is really tiny compared to other complaints we get. They tried to expand their authority in that so I introduced congressional review act to block that regulation.And this is where having a delegation -- Mike Flood introduced the companion bill in the House so we got those passed and now that was sent to the White House for president signature.We've done that for a variety of other regulations -- everything from trying to restrain the IRS from going after cryptocurrency companies.

The Administration signed the act making Ricketts's dream come true. This means about 9,000 "DeFi" operations (one kind of brokeragre between buyers and sellers of crypto) https://www.startus-insights.com/innovators-guide/decentralized-finance-market-report/ worldwide (about 1,500 are American, but the rest are foreign) have no requirement to account for or audit or report transactions in the U.S.A. Of course, companies whose stocks and bonds list on American exchanges have had to do that since The Great Depression, when earlier executives' similar shenanigans brought down the U.S.A. economy, and that's deflected a nationwide crash of that size since.

This lack of outsider eyes on Crypto's books becomes important later, as you'll see if you read the next entry.

And the Carnage that Ricketts unleashed on the U.S.A. didn't just siphon Americans' assets into criminal enterprises but it hit Argentina as well. The President of Argentina launched a "meme coin" and Argentinians poured hundreds of million$ into it to show support for their elected President, but his henchtheys siphoned off the assets leaving buyers $251,000,000 short. It hit a challenged Argentine economy hard enough that Donald Trump chose to bail out Argentine soybean farmers with Billion$ scraped out of U.S.A. taxpayers' pockets and from dollars scraped out of programs to support U.S.A. farmers.

Let's Cure Ricketts. We can vote for one of the real Red candidates and against him in the primary (take a look at this guy as one possibility). And if we retire Dude from this job, he'll be fine. He can make serious money day-trading, maybe even without the stream of confidential information his U.S. Senator position his job provides.

Next entry though is super important, and explains why protecting Crypto from being monitored like any other investment or currency is so life-and-death critical to both political parties and our D.C.- and Wall Street predators.