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BTCBTC
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John E Deaton
John E Deaton|May 14, 2025 12:50
I agree with @twobitidiot when he says if Congress can’t get the GENIUS Act passed, we won’t see a Market Structure’s Bill, which means we won’t see any long-lasting reform until 2029, depending on how the Presidential election goes. Why, you might ask? Because the GENIUS Act is a no-brainer any politician can get behind if they’re willing to put America’s interests ahead of politics. The stablecoin legislation isn’t even really a crypto bill and should be called the “Dollar Dominance Bill”, as pointed out by @intangiblecoins. We’re in an era when other nations are attempting to de-dollarize the world. We MUST drive demand for UST and ensure the USD remains the world’s reserve currency. If politicians can’t get the Genius Act through, then there’s little chance more complex, long lasting, legislation will pass. It’s so damn frustrating to watch how we go from one extreme to the other - every time we change President. We went from the Government’s 🥾 on the neck of the industry to a free-for-all with Presidential Meme Coins and an administration that couldn’t be more crypto-friendly but when all the dust settles, we’re still applying 1933 statutes and 1946 case law to modern day tech, like AI & Crypto. 😩
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Jun 13, 11:49【Meteora will charge fees for large sniper transactions】
Jun 13, 09:00【The East Timor Petroleum Fund provides a unique opportunity】
Jun 13, 04:07【The US Senate will vote to pass the GENIUS bill】
Jun 13, 03:03【Lu Lei attends the plenary session of the Financial Stability Board】
Jun 13, 01:22【Establish a comprehensive regulatory framework for digital assets】
Jun 13, 00:30【The US Senate plans to vote on the Genius Act】
Jun 12, 22:13【Congress does not approve mandatory implementation of electric vehicles in California】
Jun 12, 20:06【The House of Representatives passes the first round of DOGE cuts】
Jun 12, 20:06【The US House of Representatives passes the DOGE Reduction Act】
Jun 12, 20:04【The House of Representatives passes the first round of DOGE cuts】

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