NonilexJun 17, 2025

The #Republican controlled #Senate Tuesday passed #legislation to establish a #regulatory framework for #stablecoins, putting the
#cryptocurrency industry, which had long been viewed with suspicion by lawmakers in Washington, on the brink of a major policy breakthrough.

The *GENIUS Act*, followed an aggressive lobbying campaign aimed at transforming cryptocurrency’s image from #scandal-plagued experiment to *legitimate* financial sector.

#law #finance #fraud #Trump
https://www.nytimes.com/2025/06/17/us/politics/senate-cryptocurrency-bill.html?smid=url-share

Senate Passes Cryptocurrency and Stablecoin Rules Bill

The bill was a significant step toward giving the cryptocurrency industry the credibility and legitimacy it has sought, without limitations it has worked to head off.

The New York Times
Show threadTori lawson
@Nonilex
We gotta get rid of these fucking Republicans. They’re just gonna keep ripping off America blind as long as we let them have control. They’re gonna keep ripping off America and we will have nothing left. We’ve got to get rid of those fucking crooks. !!!
Jun 18, 2025 at 1:21amMastodon for iOS