Both houses of Congress advanced bills intended to legitimize stablecoins as an asset class. The House has the Clarity Act while the Senate considers the Genius Act.
This is happening shortly after the political Red Team turned out in force at Bitcoin 2025. Attendees remarked on the vibe change from eccentric, libertarian, drug addled raver to Wall Street crypto evangelist.
Former TechGod and current Vice President J.D. Vance brought down the house like only he can. Everybody stand and clap your hands for the upcoming military parade. I can't imagine a more tone deaf cheer. Well, one CEO stood.
Libertarians will get to enjoy the U.S. military on the streets in two major American cities, Los Angeles and Washington, D.C. Both are Trump ordered and intended for spectacle or show.
Are these diversionary tactics to occupy the public while the Trump Team works their next fleecing of the government for his personal enrichment? It is nice of Congress to help.
Update 6-11-25: Trump plans to liberate Los Angeles from criminals while liberating crypto currencies/stablecoins for criminals.
Update 6-12-25: Blue Teamer David Plouffe joined Coinbase's Global Advisory Council as two crypto/stablecoin bills advance in the House and Senate. A 401k specialist called opening up retirement accounts for crypto investments an "absolutely awful decision."
Politicians Red and Blue love PEU and their TechGod/CryptoBro brethren and increasingly, more are one.
