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The Lever’s daily email newsletter.🔥 Today’s featured Lever story: The GENIUS Act isn’t just a crypto giveaway — lawmakers and consumer protection experts warn the bill would allow Elon Musk and other Big Tech tycoons to issue their own private currencies.
👇 Spend three minutes reading this 918-word newsletter to learn about:
- The business write-off that Republicans sold Medicaid out for.
- Big Gambling’s newest frontier.
- The gun store owner who is writing your laws.
- Why Trump is putting your retirement at risk.
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TODAY'S NUGGETS
🥤 Justice goes flat. The same day the Federal Trade Commission announced a “legally incoherent” intimidation campaign against Democrat-aligned news outlet Media Matters, the agency dropped a major antitrust lawsuit against PepsiCo. In January the Biden administration accused the soft drink company of giving Walmart preferential pricing while screwing over smaller vendors and customers. The FTC’s remaining commissioners — all Republicans — slammed the now-defunct lawsuit as “nakedly political” and an “11th hour attempt to grab one last headline.”
