Next week's Capitol Hill crypto "nuclear explosion" countdown! The 3 major highlights of the donkey vs. elephant battle revealed
1. Legislative nuclear bombs exchange fire: The Trump family becomes the eye of the storm
The Democrats have thrown out the "Prohibition Act", targeting the Trump family's cryptocurrency business—specifically naming their son Donald Jr.'s World Liberty Financial company, accusing USD1 stablecoin and TRUMP coin of being "tools for the presidential family to harvest profits". The female tyrant Waters has also stated she wants to "directly shut down" the project, as it has been revealed that the Trump family controls 80% of TRUMP coin, with a market value of $20 billion that can surge 30% based solely on a tweet! The Republicans are pushing the "Clarity Act", clarifying the regulatory division between SEC and CFTC, but are being angrily criticized by the Democrats for "opening a back door for Trump" by allowing relatives of politicians to hold coins.
2. Dark secrets and chain reactions: The White House dinner actually becomes a ticket to sell coins?
The Trump family is accused of "buying coins to get tickets to the White House dinner", which has been harshly criticized by Senator Warren as "using public resources for private gain"! Their USD1 stablecoin has also been warned by lawyers as unconstitutional—UAE tycoons used this coin to complete a $2 billion transaction, which could undermine the foundation of the dollar's hegemony. Meanwhile, the Bitcoin Strategic Reserve Act strongly promoted by the Republicans has been revealed to plan to use bitcoins seized by the government to replenish the treasury, being mocked as "using dirty money to glorify Trump".
3. The life and death of the crypto circle: Three outcomes that could overturn the market
Talks collapse: Regulation continues to be in a vacuum, SEC/CFTC are passing the buck, and coin prices enter roller coaster mode;
Democrats crush: The "Prohibition Act" is strongly promoted but may face a constitutional ruling from the courts, triggering panic selling in the short term;
Epic compromise: The Republican bill adds the "Trump Clause", preserving the regulatory framework while preventing the transfer of interests (least likely).
The crypto circle's alignment has intensified: Big players like Ripple support the Republicans saying "regulation finally has a framework", while Waters angrily rebukes "if we don't tighten regulation, America will become the capital of fraud"! This regulatory nuclear war will determine the life and death of the $3 trillion market—whether it’s bankruptcy or wealth, it all depends on how fiercely those old men on Capitol Hill argue!
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