Sumair Hussain Junejo
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The Trump Organization’s newly-announced smartphone will likely be made in China, experts say, despite claims that the device will be manufactured in the U.S.
➡️ Owned by U.S. President Donald Trump, the company on Monday announced the T1, a gold-colored device which it said would retail for $499.
➡️ The Trump Organization says the phone will be “built in the United States” — but experts note the phone was likely designed and would be manufactured by a Chinese firm.
➡️ Owned by U.S. President Donald Trump, the company on Monday announced the T1, a gold-colored device which it said would retail for $499.
➡️ The Trump Organization says the phone will be “built in the United States” — but experts note the phone was likely designed and would be manufactured by a Chinese firm.
US Senate passes stablecoin bill in milestone victory for crypto sector
If passed, the bill will establish for the first time a regulatory regime for stablecoins, a fast rising financial product.
The United States Senate has passed a bill to create a regulatory framework for US-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry.
The bill, dubbed the GENIUS Act, received bipartisan support on Tuesday, with several Democrats joining most Republicans to back the proposed federal rules. It passed 68-30. The House of Representatives, which is controlled by Republicans, needs to pass its version of the bill before it heads to President Donald Trump’s desk for approval.
Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say that they could be used to send payments instantly.
If signed into law, the stablecoin bill would require tokens to be backed by liquid assets – such as US dollars and short-term Treasury bills – and for issuers to publicly disclose the composition of their reserves on a monthly basis.
“It is a major milestone,” said Andrew Olmem, a managing partner at law firm Mayer Brown and the former deputy director of the National Economic Council during Trump’s first term.
“It establishes, for the first time, a regulatory regime for stablecoins, a rapidly developing financial product and industry.”
The crypto industry has long pushed for lawmakers to pass legislation creating rules for digital assets, arguing that a clear framework could enable stablecoins to become more widely used. The sector spent more than $119m backing pro-crypto congressional candidates in last year’s elections and had tried to paint the issue as bipartisan.
The House passed a stablecoin bill last year but it died after the Senate, in which Democrats held the majority at the time, did not take it up.
#cryptouniverseofficial $BTC
If passed, the bill will establish for the first time a regulatory regime for stablecoins, a fast rising financial product.
The United States Senate has passed a bill to create a regulatory framework for US-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry.
The bill, dubbed the GENIUS Act, received bipartisan support on Tuesday, with several Democrats joining most Republicans to back the proposed federal rules. It passed 68-30. The House of Representatives, which is controlled by Republicans, needs to pass its version of the bill before it heads to President Donald Trump’s desk for approval.
Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say that they could be used to send payments instantly.
If signed into law, the stablecoin bill would require tokens to be backed by liquid assets – such as US dollars and short-term Treasury bills – and for issuers to publicly disclose the composition of their reserves on a monthly basis.
“It is a major milestone,” said Andrew Olmem, a managing partner at law firm Mayer Brown and the former deputy director of the National Economic Council during Trump’s first term.
“It establishes, for the first time, a regulatory regime for stablecoins, a rapidly developing financial product and industry.”
The crypto industry has long pushed for lawmakers to pass legislation creating rules for digital assets, arguing that a clear framework could enable stablecoins to become more widely used. The sector spent more than $119m backing pro-crypto congressional candidates in last year’s elections and had tried to paint the issue as bipartisan.
The House passed a stablecoin bill last year but it died after the Senate, in which Democrats held the majority at the time, did not take it up.
#cryptouniverseofficial $BTC
The latest offshoot of President Donald Trump’s family business plans to roll out a “sleek, gold” U.S.-made smartphone, dubbed Trump Mobile.
The service, which goes live later this year, will be run by a separate business called T1 Mobile LLC, which licenses the Trump brand.
$TRUMP
The service, which goes live later this year, will be run by a separate business called T1 Mobile LLC, which licenses the Trump brand.
$TRUMP
🇮🇷Iran Or Israel🇮🇱..?
#iran
#israel
#tehran
#iranisrael
#iran
#israel
#tehran
#iranisrael
The Trump family is launching a new business venture, unveiling a $499 gold Trump branded phone that is raising ethical questions. Jay O'Brien has more.
$TRUMP
$TRUMP
"We know exactly where supreme leader is hiding... he is an easy target, but is safe there," says Trump
#TheNews
#TheNews
How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest in $37 trillion in govt debt?
Annually:
US govt total reveneue = about $5 trillion
US govt interest on debt = about $1.2 trillion
US govt spending = about $7 trillion
#DAOBaseAIBinanceTGE #FOMCMeeting #BombieBinanceTGE #SparkBinanceHODLerAirdrop #BinanceAlphaAlert
Annually:
US govt total reveneue = about $5 trillion
US govt interest on debt = about $1.2 trillion
US govt spending = about $7 trillion
#DAOBaseAIBinanceTGE #FOMCMeeting #BombieBinanceTGE #SparkBinanceHODLerAirdrop #BinanceAlphaAlert
The war is not going to stop!!! 😭
recently tweet of President D.J Trump
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How is my asset distribution?
Please guide me in which coin should i invest for long time.
Please guide me in which coin should i invest for long time.
My Assets Distribution
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Low standards, high patience.
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