My beautiful people, politics and cryptocurrencies are cooking in the same pot and the aroma is strong! 🌶️ It turns out that President Donald Trump is going all out! He is pushing the House of Representatives of the United States to quickly approve the GENIUS Law, a thing that seeks to bring order to stablecoins (those cryptocurrencies that supposedly maintain their fixed value, like the dollar).1 🗽
Imagine that the man is going crazy, asking for it to be approved "without delays or additions". He says it is the "American brilliance at its finest" and that it will make the United States the undisputed leader of digital assets! 🚀 He posted this on his Truth Social account, so this is serious!
But, watch out! Not everything is rosy in this story. Although the Senate has already given the green light to the GENIUS Law with a vote of 68 to 30, the House of Representatives is not so convinced. There is a spicy debate, with some wanting to approve it as is and others saying it needs to be combined with other crypto laws to carry more weight. 🤔
And here is where it gets more interesting: the critics are on high alert! They are saying there is a conflict of interest that stinks for miles, and it's that the Trump family is involved in the cryptocurrency business! 🤑 Their company, World Liberty Financial, launched a stablecoin called USD1 that, hold on tight, is already the eighth largest stablecoin in the world by market capitalization. Anyone can ask for the law to be approved quickly, right?!
A senator, Elizabeth Warren, did not stay silent! She said that if they don't get their act together, this law could open the door for billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg to launch their own stablecoins and spy on our purchases and all personal information! 🕵️♀️ It's like they sell you innovation and on top of that, implant a chip to know even what you eat! 🌮
So, my people, while Trump dreams of making the United States the king of cryptocurrencies with this law, many wonder if this is really for the sake of innovation or if there is a personal interest and a lot of money involved. Stay alert, this show is just beginning! $TRUMP $TIA
