US Cryptocurrency Legislation
🚨US Senate Passes Stablecoin Bill GENIUS Act 🚨
Behind the scenes: Republicans want to capture Trump supporters' crypto votes, while Democrats are eager to keep up but fear insufficient regulation.
The result is—crypto industry executives accelerate lobbying efforts, and legislation finally moves forward ✅$BTC
This bill legitimizes stablecoins, it is regulation, but also a rehearsal for licensing.
Stablecoins are a new colonial tool for the dollar; legislation = official recognition of its global expansion capabilities.
👀Key Points:
Pass before May 26 = election campaign rhythm
Controversy: Can officials trade cryptocurrencies?
Industry spending affects the transparency of legislation, which we should continue to monitor closely.
