Bonny Reihl X3H8
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The GENIUS Act, was passed 68-30 on Tue 17Jun2025 by the US Senate; and will likely be passed by the House of Representative, controlled by the Republicans. The Act provides regulatory framework for the issuance of stablecoins, required to maintain a 1:1 peg against liquid assets like US Treasuries and dollars; and report monthly reserves composition.
Forgetting about the Trump family meme coins, opponents are concerned about the possible "carelessness" of private firms especially big tech, issuing their own stablecoins, that are not subject to the central bank's or other authorized FI to monitor its flows across borders. This was seen by the announcement by Trump's crypto business World Liberty Financial, releasing a statement that a Abu Dhabi investment firm will be using their stablecoins to invest in Binance.
This has upped the ante in the fight against money laundering; but is also a step towards liberty against government's digital control of the people's money. Every coin, or stablecoin for this matter, has 2 sides. How can we reach a stable balance, with liberty of usage, yet minimizing the criminal use of digital money? Share your thoughts! Follow me for more insightful news and discussions.
#Stablecoins #MoneyLaundering
(news credit: Reuters)
Forgetting about the Trump family meme coins, opponents are concerned about the possible "carelessness" of private firms especially big tech, issuing their own stablecoins, that are not subject to the central bank's or other authorized FI to monitor its flows across borders. This was seen by the announcement by Trump's crypto business World Liberty Financial, releasing a statement that a Abu Dhabi investment firm will be using their stablecoins to invest in Binance.
This has upped the ante in the fight against money laundering; but is also a step towards liberty against government's digital control of the people's money. Every coin, or stablecoin for this matter, has 2 sides. How can we reach a stable balance, with liberty of usage, yet minimizing the criminal use of digital money? Share your thoughts! Follow me for more insightful news and discussions.
#Stablecoins #MoneyLaundering
(news credit: Reuters)
#FOMCMeeting Almost all the analysts and economists expect the Fed to hold the rate steady. More data needed on the inflation, that's still above 2%: and unemployment rate, which is expected to be good (no thanks to the anti-immigrants actions). Trump 0, Powell 1. #BTC
Wednesday 18 June 2025 is FOMC meeting. Trump has been pressuring Powell to lower the Fed rate, even threatening to replace Powell if he doesn't, which Trump actually does not have the power to do so, although he can support his candidate and influences.
Given the high rate of tariff is affecting the goods prices that America relies on many imports, and now that the oil price is closer to $80, my guess is Fed will hold the rate steady, and watch for the next few weeks first.
What do you think?
#FedRateDecisions
Given the high rate of tariff is affecting the goods prices that America relies on many imports, and now that the oil price is closer to $80, my guess is Fed will hold the rate steady, and watch for the next few weeks first.
What do you think?
#FedRateDecisions
I guess I'm forgiven for not seeing that Israel will attack Iran, and caused a major pullback. I lost 10% on my portfolio. But as the market continues to absorb the news, I will wait at the sidelines first than to cut loss. Do you think it's a good strategy?#MarketPullback #IsraelIranConflict $BTC
DOJ to sell Silk Road BTC?
DOJ has been given green light to sell 69,370 BTC seized from the Silk Road. Coupled with the equities dropped as a result of potentially the FED won't cut interest rate this month (Jan 2025), crypto market is spooked, and BTC dropped from ~95k to now ~93.5k.
Will there be more liquidation? Probably. Or probably not, as usual, as market might have digested the news, but many are waiting at the sideline for more data and guidance.
Just trade carefully, as the focus is now closer towards the president inauguration in a week-plus time, and any other future policies to be announced by Trump.
I would expect Trump to protest the sale, and even support the notion of revealing the hacker "Individual X". This would provide some support to BTC. Let's see. #BTC #SilkRoad
Will there be more liquidation? Probably. Or probably not, as usual, as market might have digested the news, but many are waiting at the sideline for more data and guidance.
Just trade carefully, as the focus is now closer towards the president inauguration in a week-plus time, and any other future policies to be announced by Trump.
I would expect Trump to protest the sale, and even support the notion of revealing the hacker "Individual X". This would provide some support to BTC. Let's see. #BTC #SilkRoad
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