#USStablecoinBill Nine Democratic senators suddenly remembered that we actually have consumers here that need protection, and such:

“No, guys, your stablecoin law is nonsense.”

Although in March everyone was acting smart and applauding the bill at the committee level, now they have realized:

• Washing money through stablecoins is still somewhat realistic;

• National security is once again “based on trust”;

• Plus, Trump and his crypto guys are somewhere nearby.

Senator Bill Hagerty, the author of this “brilliant” project, walks 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 scribbled 20 minutes before the deadline?

The result:

— Stablecoins are still in the gray area;

— Politicians have decided to “smoke on the topic” for another couple of years;

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