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Good article in The Prospect about the coming STABLE and GENIUS acts, which will give an implicit bail out guarantee to crypto money laundering firms - sorry, i mean "stablecoins" - like #Tether and #Circle (#Coinbase). One of the two would also let #ElonMusk print his own dollars.

Senate #Democrats like #KirstenGillibrand, #ElissaSlotkin, and #RubenGallego, whose election campaigns were supported by incredible amounts of crypto money, will probably make sure these bills become laws (because they are corrupt).

Note that stablecoins are currently incredibly profitable businesses. After all a stablecoin is basically a bank where you spend nothing on anti-money laundering & other regulations, refuse to assist customers who have been scammed, and collect 5% interest from the US government while passing absolutely none of it on to your customers.

prospect.org/power/2025-03-10-

#crypto#senate#uspol

Und wieder so eine nette Runde!
Vielen Dank, ihr Lieben, 🧡
für eure Sternchen und Boosts, für eure Gedanken, die lieben Gespräche und einfach Alles!

Danke auch denen, die scheinbar nicht mehr in den Circle passten.
(Er wird automatisch erstellt und spiegelt eure Interaktionen.)

Continued thread

But at the pre-inauguration party, #Trump’s new coin wasn’t much of a topic. Rather, the chatter centered on the broader implications of Trump’s #policies, which promised to dismantle years of #regulatory gridlock in the #Biden admin.

#Crypto firms made substantial contributions to Trump’s inaugural fund, signaling their enthusiasm. #Ripple donated $5M in digital tokens, while #Coinbase, #Kraken, & #Circle each gave $1M. Online broker #Robinhood contributed $2M.