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GENIUS Act Faces Wave of Opposition Over Trump's Crypto Involvement
The United States is voting on the GENIUS Act, which aims to regulate the stablecoin Tether (USDT) and expand oversight of the DeFi sector.
Accordingly, the US wants to:
- Bring Tether and other non-US-issued stablecoins into the financial regulatory framework.
- Increase oversight of DeFi platforms, including decentralized exchanges, lending protocols, and financial smart contracts.
Lawmakers are opposing it because they fear that Trump could directly benefit from regulations if the bill is passed, creating a precedent of corrupt officials promoting Crypto.
The United States is voting on the GENIUS Act, which aims to regulate the stablecoin Tether (USDT) and expand oversight of the DeFi sector.
Accordingly, the US wants to:
- Bring Tether and other non-US-issued stablecoins into the financial regulatory framework.
- Increase oversight of DeFi platforms, including decentralized exchanges, lending protocols, and financial smart contracts.
Lawmakers are opposing it because they fear that Trump could directly benefit from regulations if the bill is passed, creating a precedent of corrupt officials promoting Crypto.
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Earning USDC, $GM points, and staying active on Farcaster like a real degen 👑💰
Powered by @GMonchain
#GMdrop #GMonchain #GM GMfarcaster
GMdrop is LIVE! 🔥
Earning USDC, $GM points, and staying active on Farcaster like a real degen 👑💰
Powered by @GMonchain
#GMdrop #GMonchain #GM GMfarcaster
Earning USDC, $GM points, and staying active on Farcaster like a real degen 👑💰
Powered by @GMonchain
#GMdrop #GMonchain #GM GMfarcaster
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Check your own stats and let’s race to the top!
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Experienced athletes, mix it up with HIIT twice a week. Remember, recovery fuels progress—imagine a marathoner prioritizing rest to smash new records.
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$ETH wen ATH
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Bitcoin is so green.
My personal prediction is that btc will go up to 108k -> 90k -> 120k :))))
My personal prediction is that btc will go up to 108k -> 90k -> 120k :))))
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What’s everyone’s plan for the weekend?
Relaxing, exploring, or maybe a little adventure?
Share your ideas! 🎉
Relaxing, exploring, or maybe a little adventure?
Share your ideas! 🎉
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Good Morning...
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Coinbase is a sleeping giant...
- Custodian to the U.S. crypto ETF market
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- Early-stage crypto investments (C... Show more
- Custodian to the U.S. crypto ETF market
- Most successful L2 (Base)
- Profit-sharing with Circle (USDC)
- Fast-growing subscriptions business (Coinbase One)
- Scaling staking at institutional level
- Acquired Deribit to dominate crypto derivatives
- Early-stage crypto investments (C... Show more
ETH pump finally proved its a shitcoin
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