Trump Signs First Major Federal Crypto Bill Into Law
- Reference: 0178412942
- News link: https://yro.slashdot.org/story/25/07/18/2037217/trump-signs-first-major-federal-crypto-bill-into-law
- Source link:
> Members of Congress and top executives from Robinhood, Tether, Gemini and other crypto and financial firms were in attendance for the signing ceremony. The fate of the [3]GENIUS Act was in question earlier this week when a dozen conservatives stymied a procedural vote. A compromise was ultimately reached, and the holdouts allowed the legislation to proceed. The president on Friday suggested that he spoke to the holdouts individually on the phone to persuade them, after House Speaker Mike Johnson told him there were a dozen Republicans opposing the bill.
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> "The good news is, I call up, 'Hello, Jim, how are you?' 'Sir, you have my vote.' Boom. 'Sir, you have my vote.' I really just, they just want a little love," he said. "Unfortunately, it's always the same 12 people." David Sacks, the venture capitalist-turned Mr. Trump's AI and crypto czar, said the president "stepped in and saved this bill." Mr. Trump also said Vice President JD Vance had been on the phone late at night, helping push the legislation through.
[1] https://www.cbsnews.com/news/trump-signs-genius-act-crypto-bill/
[2] https://yro.slashdot.org/story/25/07/17/2321219/house-passes-historic-crypto-bill-regulating-stablecoins
[3] https://en.wikipedia.org/wiki/GENIUS_Act
Trump Doesn't understand Crypto... (Score:2)
but he'll happily take "investors" and help with his crypto coin $Trump.
Transactional presidents are so much easier to deal with if you're a billionaire crypto bro...
It's also convenient if you could use a pardon.
[1]https://www.msn.com/en-us/mone... [msn.com]
[1] https://www.msn.com/en-us/money/other/binance-aided-trump-crypto-firm-before-founder-cz-sought-pardon/ar-AA1IpgTE
Re: (Score:2)
All he needs to ask is, what does it mean for me and the midterm, and they will explain to him that it'll help his coin and crypto bros will pump more money for election. That's all he needs to know.
Re: (Score:2)
Trump is obviously senile. He doesn't understand anything except the hamburgers that get put in front of him periodically.
Our country is run by the heritage foundation not by Donald Trump.
"Helping push the legislation through" (Score:2)
Does this mean making bribes, deals, or threats? Because I thought passing legislation was mostly supposed to be about reading, understanding, deciding, and voting.
Maybe "pushing the legislation through" is a sofa-related euphemism?
Re: (Score:2)
MAGA is amazing at following orders. Look how they keep voting against releasing the Epstein files.
Re: Current Stage: The Great Grift (Score:1)
Didn't think I'd find this copypasta so soon
Kiss Monetary policy and the USA goodbye (Score:2)
If crypto ever rises to rival the dollar you can kiss the USA goodbye because it will mean the end of monetary policy and central banking. If you say good riddance, I think you may not understand how the world works
If that happens kiss your ass goodbye (Score:2)
Because it means the American empire, which is propped up by the dollar, will have gone down the drain completely and we will still have the ridiculous military and we will use it.
Failing empires will inevitably invade other countries and loot them in order to fill their coffers. And we have a growing Christian nationalist movement and things we are literally protected by God so the threat of nuclear annihilation isn't going to be a deterrent. Jesus will just swap those pesky icbms away.