The GENIUS Act is the first pro-crypto bill Republicans want to rush through this Congress. Thanks to industry money, several Democrats are ignoring the bill’s major problems.
Any bookmakers taking bets on this being a pump and dump?
There’s always just enough Democrats to help the GOP pass fascism. That’s the trick.
Almost like the manufactured opposition is a manufactured opposition, and the US has been a corporate dictatorship a lot longer than 99% of Americans realize?
so the looting of the united states is achieving bipartisan grifting.
so gross.
The fuck?
the GENIUS Act creates a framework whereby stablecoin issuers under $10 billion would be regulated by states, and issuers over $10 billion regulated by the Federal Reserve or the Office of the Comptroller of the Currency.
As Trump has so clearly demonstrated, regulations are suggestions. Unless you’re on the “whitelist” regulators aren’t going to protect you anymore.
Ritchie Torres is such an ever-present name in stories about Democrats selling out.
