#USStablecoinBill

Nine Democratic senators suddenly remembered that we actually have consumers here who need protection, and they said:

"No, guys, your stablecoin law is nonsense."

Although in March everyone was acting smart and applauding the bill at the committee level, now they’ve come to realize:

• Money laundering through stablecoins is still somewhat real;

• National security is once again based on "trust";

• Plus, Trump and his crypto buddies are lurking somewhere nearby.

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!"

Uh-huh, but where were you when the text of the law was written as if it was jotted down 20 minutes before the deadline?

The result:

— Stablecoins are still in the gray zone;

— Politicians have decided to "smoke the topic" for a couple more years;

— The name GENIUS remains the most ironic joke of the week.