Big Beautiful Bill, Elon/Trump, Dollar Down Big, Harvard's Money Problems, Figma IPO
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All right. Welcome to the show, everybody. Number one podcast in the world. And man, going to be really exciting come September, September 7th, 8th and 9th, the all-in summit in its fourth year. This week, I'm doing Friedberg's job for him because he's been a little bit busy.
Oh, you're not.
Lockdown is in. Looks like... Jason, what are you doing?
Why are you doing this? Nick, cut. Nick, beep. Every year, you pre-announce a bunch of people who don't show up. It's literally, you literally pick people who won't show up. Ah, what are you talking about?
I got Elon to come three out of three years. I have gotten a couple of trillion dollars in market cap for you, Freeberg, and more to come.
Don't worry about it. Don't worry about it. This year is going to be better than ever. Better than ever.
Allin.com slash summit. And lots of exciting news around the tequila boys.
Freeberg, did you see MSN covered me sending a case of the tequila to Bezos? I didn't see that. What do we do now?
Let your winners ride. Rain Man, David Sack. And instead, we open source it to the fans and they've just gone crazy with it. Love you guys. Queen of Kinwanda.
We've been crushed with orders. Apologies if we're taking a little bit of time with customer support, but you can go to tequila.allin.com. Deliveries begin in late summer, right around the time, I think, of the summit.
Freeberg and I were in Las Vegas this past weekend. It was a blast, as always. We had a really good time. We had 20 of our besties or so with us.
Great, great time.
It was a great time.
I wish I could have been there, but I was on the Snake River doing a little... You were not invited? I wasn't talking about it. I was getting lobbied, like, cancel your family trip, whitewater rafting, to come to Vegas. I was like, yeah. I don't remember inviting you. Freebird, do you remember? Trust me. People, when you go to Vegas, you want J-Cal. J-Cal's a good time in Vegas.
That is true.
I got a lot of invites. Nick, pull up the picture. I was on the Snake River there. I was doing my whitewater rafting trip. If you're ever interested in doing a fun trip with your family, you can do these two, three night occasions. No, I'm not. You camp on the side. You eat mid-food. You don't shower for three days and you have four days. There's the view from the Snake River. It was... absolutely stunning and uh yeah is that where is snake river is that also where like snake river farms comes from you know the i'm guessing you're high quality meat yes i'm sure it is uh idaho border yeah that is yeah that's where snake river farms is not as good as long hill wagyu but you know yeah i mean listen these are that's like two elite steak producers get the coulette aka the picanha
All right, listen, the BBB has passed the Senate. Let's get into this docket. But there was a bit of drama in the House after an all-night session and over 24 hours of deliberation. Senate passed the big, beautiful bill on Tuesday. Friend of the pod, J.D. Vance, cast the tie-breaking vote after a 50-50 deadlock. Three Republicans voted no. And Trump won over Senator Ron Johnson. On this very podcast, he said he would be a no unless more spending was cut. There were significant changes to the bill. We'll get into that in a minute. And so it's got to pass the House again before Trump can sign into law. Lots of drama. Trump set the deadline for July 4th, which is Friday when you're listening to this. And it will, in all likelihood, get there.
According to PolyMarket, there is a 96% chance the bill will pass by Thursday and a 97% chance it'll pass by Friday, July 4th, Independence Day, the day we publish. So it looks like it's pretty much a lock. Some big changes in the Senate. Biggest change, the 10-year AI regulation moratorium, which we're going to talk about, for states was removed. Ted Cruz tried to negotiate cutting it to five years. Suggestion I made, maybe 10 years was a little bit too long for folks, but that didn't work. According to an NGO called National Conference of State Legislatures, over 1,000 bills related to AI have been filed by state lawmakers in 2025.
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