The watch free porn movies onlinecrypto industry is celebrating this week as a controversial stablecoin bill dubbed the GENIUS Act advanced to debate in front of the full U.S. Senate.
Earlier this month, an Abu Dhabi investment firm announcedthat it would be making a $2 billion investment in the cryptocurrency exchange Binance using a brand new stablecoin called USD1.
Unlike risky cryptocurrencies with prices that fluctuate wildly and constantly, stablecoins are basically crypto tokens pegged to a more stable asset, like fiat currency such as the U.S. dollar. Crypto companies behind stablecoins typically profit based on interest rather than speculation. According to Fortune, the crypto firm behind USD1, World Liberty Financial, could make around $80 million annually off of a deal like the Abu Dhabi one.
What makes this notable? For one, World Liberty Financial is majority owned by President Donald Trump and his family. Meanwhile, a first-of-its-kind stablecoin bill has just advanced in the Senate. And although some Democrats had hoped the bill would address this type of crypto profiteering from the Trump family, the bill is moving forward regardless.
On Monday, in a 66-32 vote, the U.S. Senate advancedthe GENIUS Act, a bill that sets up the first regulatory framework for stablecoins. In total, 16 Democrats joined the Republican majority to advance the bill. Two Republicans joined the opposing Democrats who voted against it.
Just two weeks ago, the stablecoin bill was shot down by every Democratic senator, which stalled the legislation from moving forward. However, an amendment was added to the bill in an effort to appease some Democrats.
That amendment included new consumer protections and regulatory limits on companies that issue stablecoins. In addition, the amendment also extended ethics standards to special government employees, which would cover Elon Musk and Trump's AI and crypto czar David Sacks, as long as they hold their special government roles.
However, notably absent from the bill is any language that could definitively end President Trump's own crypto and stablecoin dealings.
The bill does include language that would "prohibit any member of Congress or senior executive branch official from issuing a payment stablecoin product during their time in public service.” However, Democrats opposing the bill say that the language doesn't go far enough to address the Trump family's stablecoin endeavors.
Speaking from the Senate floor, Massachusetts Senator Elizabeth Warren said, “It doesn’t have to be this way. A bill that meaningfully strengthens oversight of the stablecoin market is worth enacting. A bill that turbocharges the stablecoin market, while facilitating the President’s corruption and undermining national security, financial stability, and consumer protection is worse than no bill at all.”
In addition to the new stablecoin investment, Trump's memecoin $TRUMP has nettedhis crypto companies hundreds of millions of dollars in fees. In addition, Trump has offered special access to investors in his memecoin. Memecoins are different from stablecoins and would not be covered under this bill.
While some Democrats will be offering additional legislation to cover Trump's stablecoin project, it's unlikely to pass the Republican-controlled Senate.
Topics Cryptocurrency Donald Trump Politics
Previous：Is it 'Thunderbolts*' or *The New Avengers'?
Next：Operation Mensch
Apple is actively looking at AI search for Safari
Robinhood delists 3 crypto tokens, Binance suspends U.S. dollar deposits and withdrawals
13 of the nicest moments from Election Day
Allen Ginsberg Snaps, and Other News by Sadie Stein
Samsung Unpacked stream is set for May 12, 2025
Horniest new emoji from iOS 14.2 to upgrade your sexting game
Van Jones' moving reaction to Biden's election win says it all
Greta Thunberg flips script, tells Trump to work on his anger management problem
The Sound and the “Furious”
In Praise of Bookstore Cats by Sadie Stein
NYT Strands hints, answers for May 18
How to be a Bureaucrat, and Other News by Sadie Stein
“I Always Start on 8 January” by Sadie Stein
Contingencies by Lynne Tillman
Best portable power station deal: Save $179.01 on the EcoFlow River 2 Max
Caveat Emptor by Jason Novak
What We’re Loving: Saintly Comics, High Relief by Sadie Stein
For Reference by Sadie Stein
Best robot vacuum deal: Get the Roborock Q5 Max for 53% off at Amazon
Reddit CEO's AMA over third
Stock images authentically portray people with disabilitiesFacebook data reportedly helps companies guess your credit score'The Big Bang Theory' series finale review: It's about time'Avengers: Endgame' set photo does girl power better than the movieChinese Communist Party indoctrination app dominates App StoreTikTok owner ByteDance launches new messaging app, FlipChatHuawei gets temporary relief from its U.S. banGoogle drones will deliver meatballs and other groceries in this lucky cityHow a big zone in the plains got primed for pummeling tornadoesBTS hark back to The Beatles in their performance for 'The Late Show''Dead' fish miraculously comes back to life the moment the toilet flushesWhy there's bipartisan support for fighting Huawei's 5G ambitions'Game of Thrones': Why Bran Stark could end up on the Iron ThroneGoogle drones will deliver meatballs and other groceries in this lucky cityGoogle drones will deliver meatballs and other groceries in this lucky cityFacebook data reportedly helps companies guess your credit scoreEuropol takes down hackers who stole $100 million using GozNym malwareAirbnb relents, will limit how long people can rent out properties in two major citiesThe Tati Westbrook vs. James Charles feud ends in the Notes appBrave bandit makes off with bucket of gold in broad daylight Best earbuds deal: Save $30.95 on the Beats Fit Pro Wordle today: The answer and hints for March 20, 2025 NYT Connections Sports Edition hints and answers for March 18: Tips to solve Connections #176 NYT Strands hints, answers for March 18 Best Dyson deal: Dyson Hot+Cool AM09 for under $300 Best eSIM for Japan 2025 Best security camera deal: Get 30% off the Google Nest Cam NYT Connections hints and answers for March 20: Tips to solve 'Connections' #648. LeBron James song edit trend is taking over TikTok Trump tariffs lead to price hikes on Asus laptops, gaming tablet Google Pixel 9a kills the camera bump Meta's AI chatbot is coming to Europe, with limitations NYT mini crossword answers for March 18, 2025 Best free online courses from Stanford University Cubs vs. Dodgers 2025 livestream: How to watch MLB Tokyo Series Google's new AI model is being used to remove image watermarks Forever 21 plans to close all U.S. stores, the internet mourns Best AirPods deal: $70 off Apple AirPods Max NYT Connections hints and answers for March 18: Tips to solve 'Connections' #646. Elon Musk's DOGE is breaking things it can't fix, warn IT experts
1.4982s , 10131.890625 kb
Copyright © 2025 Powered by 【watch free porn movies online】,Feast Information Network