#USStablecoinBill
Nine Democratic senators suddenly remembered that we actually have consumers here who need protection, and such:
"No, guys, your stablecoin law is nonsense."
Although in March everyone was making smart faces and applauding the bill at the committee level, they have now realized:
• Washing money through stables is still kind of real;
• National security is once again 'based on trust';
• Plus somewhere nearby Trump and his crypto guys are spinning.
Senator Bill Hagerty, the author of this 'brilliant' project, is walking around Congress, waving papers and shouting:
"Let's work together, otherwise crypto laws will only be Republican!"
Yeah, but where were you when the text of the law was written as if it was thrown together 20 minutes before the deadline?
The result:
— Stablecoins are still in a gray area;
— Politicians have once again decided to 'smoke the topic' for a couple more years;
— The name GENIUS remains the most ironic joke of the week.