Thursday, July 17, 2025

New Genius Stablecoin


Brought to you by politicians Red and Blue who've lined up to support the Very Stable "Genius Act." 


Meme coin, stable coin, token, Solana, Tron...$TRUMP, WLFI, USD1...doesn't that spell conflict of interest?


Last month World Liberty Financial shared that it would add $TRUMP to its Treasury.  So Trump has another way to pump his meme-coin, besides an auction for dinner with the President.  It all has an Elon Musk shifting corporate chess pieces feel to it.  They do it because they can.

Congress believes this is all good.  You are to take your dollar, open up a account with a crypto brokerage, show that you have no evil intent, deposit your existing dollars into a crypto wallet that exists on your computer, buy stable coins worth exactly $1, add them to your wallet, and use those stable coins to buy things from the few vendors that actually accept that particular stable coin.  I think I'd rather have a VISA gift card and I hate those things.  You never know where they will work.

Eric Trump did not say in reality that a new "Epstein-Delerium" stable coin is coming.  Tax Genius Epstein already came and went.