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#stablecoin

8 posts8 participants0 posts today
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🧿🪬🍄🌈🎮💻🚲🥓🎃💀🏴🛻🇺🇸

> #Congress approved the country's first ever major #crypto legislation, signaling a sea change in the U.S. stance towards these #digitalCurrencies.

> That law sets new rules for a more narrow — yet promising segment of the #cryptocurrency market called #stablecoins.

> They are viewed as a safer type of cryptocurrency because each #stablecoin must be backed by #dollars

npr.org/2025/07/19/nx-s1-54700

#uspol#GENIUSAct
Alex Jimenez

Fifth Third Bancorp is ready for the massive #Stablecoin market to become more ubiquitous following the passage of watershed crypto legislation that could be signed into law as soon as today.

Fifth Third CEO Tim Spence said Thursday that the legislation represents a "greenfield" for the Cincinnati-based bank.

americanbanker.com/news/fifth-

Fifth Third Bancorp
American Banker · Why one regional bank is excited about stablecoinsBy Catherine Leffert
#FinTech#FinServ#Banking
Continued thread
cobalt

Next “I haz thoughts”
2
Stablecoin Bill 2025 in US
Sooo, since the federal government is backing private companies to supply cryptocurrency and these guarantees of investments are not requiring these companies to meet strict standards of auditing and saving safe amounts of cryptocurrency funds to insurance against losses, it greatly benefits owners. And a large number of members of Congress are investors. The industry corporations were major funding donors to US politicians with enough money donations to tip elections AND buy votes in US budget resolutions. The Trump family has profited a great deal from offering their family-branded cryptocurrency. Now the Trump folks and a large percentage of Congressmen and Senators have an open profit and greed motive to keep cryptocurrency a more dominate profit-policy in the US for the rich and ultra rich.

So how does this work for the majority of the public and small investors? Er, it doesn’t. And another risk to economic collapse of the US government and society. Oops, too bad, so sad. 2/3
#USgovernment #USEconomy #Stablecoin #Cryptocurrency #StablecoinBill2025
#BigUglyBill

🧿🪬🍄🌈🎮💻🚲🥓🎃💀🏴🛻🇺🇸

> This week, conservatives pushed to tie the #CLARITYAct with the controversial #AntiCentralBankDigitalCurrencySurveillanceStateAct, which would prohibit the #FederalReserve from issuing a #centralBankDigitalCurrency. Conservatives said the Senate's #stablecoin bill and the broader market structure legislation were insufficient because it would allow for a #CBDC, which they opposed.

cbsnews.com/news/house-vote-cr

www.cbsnews.com · House passes historic crypto bill, the GENIUS Act, after right-wing rebellionBy Caitlin Yilek
#crypto#cryptocurrency#bitcoin
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⚯ Michel de Cryptadamus ⚯

i found some court filings that detail one man's attempt to use the courts to force #Tether and other #cryptocurrency companies to give him back $3 million that was stolen from him.

spoiler: it didn't go well. the crypto companies used their standard defense of "#blockchain is open source so not our problem lol".

not only did he have to chase the crypto companies through multiple jurisdictions (#singapore, british virgin islands, etc), in the end i don't think he got any of his money back from the (probably) #Russian criminals who stole it.

threadreaderapp.com/thread/194

#BVI#moneylaundering#USDT
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⚯ Michel de Cryptadamus ⚯

a russian hosting service that takes payment in crypto, Aeza Group, was just hit with #OFAC sanctions.

they've sent funds to a bunch of the shadiest crypto exchanges - #Cryptomus, #MEXC, #Binance, and (of course) #HTX, the crypto exchange run by the business partner of the president of the united states.

also looks like they took payment in #Tether, the #stablecoin whose money is managed by america's secretary of commerce howard lutnick.

* OFAC press release: ofac.treasury.gov/recent-actio
* Wallet: intel.arkm.com/explorer/addres

#JustinSun#threatintel#threatassessment
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