Trump to sign stablecoin bill, easier to bribe the president
Donald Trump is expected to sign the GENIUS Act into law Friday, securing his first big win as a self-described "pro-crypto president." The act is the first major piece of cryptocurrency legislation passed in the US.
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LampLighter
Joined 2013/04/13Visited 2025/07/19
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... Rep. Maxine Waters (D-Calif.)"part of a group of Democrats who had strongly opposed the bill"further warned Thursday that the GENIUS Act prevents lawmakers from owning or promoting stablecoins, but not the president. Trump and his family have allegedly made more than a billion dollars through their crypto ventures, and Waters is concerned that the law will make it easier for Trump and other presidents to use the office to grift and possibly even obscure foreign bribes. "By passing this bill, Congress will be telling the world that Congress is OK with corruption, OK with foreign companies buying influence," Waters said Thursday, CBS News reported. ...
"By passing this bill, Congress will be telling the world that Congress is OK with corruption, OK with foreign companies buying influence," Waters said Thursday, CBS News reported. ...
#1 | Posted by LampLighter at 2025-07-19 12:05 AM | Reply
@#1 ... but not the president ...
Why did Pres Trump seem to be excluded from the ramifications of this bill?
#2 | Posted by LampLighter at 2025-07-19 12:07 AM | Reply
So he would sign it.
#3 | Posted by REDIAL at 2025-07-19 12:13 AM | Reply
@#3 ... So he would sign it. ...
Yeah, but, why?
... "By passing this bill, Congress will be telling the world that Congress is OK with corruption, OK with foreign companies buying influence," Waters said Thursday, CBS News reported. Some lawmakers fear such corruption is already happening. Senators previously urged the Office of Government Ethics in a letter to investigate why "a crypto firm whose founder needs a pardon" (Binance's Changpeng Zhao, also known as "CZ") "and a foreign government spymaker coveting sensitive US technology" (United Arab Emirates-controlled MGX) "plan to pay the Trump and Witkoff families hundreds of millions of dollars." ...
Some lawmakers fear such corruption is already happening.
Senators previously urged the Office of Government Ethics in a letter to investigate why "a crypto firm whose founder needs a pardon" (Binance's Changpeng Zhao, also known as "CZ") "and a foreign government spymaker coveting sensitive US technology" (United Arab Emirates-controlled MGX) "plan to pay the Trump and Witkoff families hundreds of millions of dollars." ...
#4 | Posted by LampLighter at 2025-07-19 12:40 AM | Reply
Rainmakers - The Wages of Sin (1987) www.youtube.com
Lyrics excerpt ... genius.com
... I was praying last night when an angel broke the line She said "I'm gonna have to put you on hold for a time" I said "Hold like Hell, let me talk to the Boss" She said "Sorry sucker (sinner), it's the Boss's day off" And I realized then that the wages of sin Was two bucks an hour and working weekends I was ignoring the thief who was lashed to the cross He cried "Help me get this son-of-a-bitch off" I said "I would if I could, I can't so I won't Well I wouldn't want you messing your hair up, so don't" And I realized then that the wages of sin Was all the lumber you can carry, all the nails you can bend The wages of sin, the reward of fear Is worrying and fretting every second of the year If Heaven is guilt, no sex and no show Then I'm not sure if I really want to go, Oh ...
I was ignoring the thief who was lashed to the cross He cried "Help me get this son-of-a-bitch off" I said "I would if I could, I can't so I won't Well I wouldn't want you messing your hair up, so don't" And I realized then that the wages of sin Was all the lumber you can carry, all the nails you can bend
The wages of sin, the reward of fear Is worrying and fretting every second of the year If Heaven is guilt, no sex and no show Then I'm not sure if I really want to go, Oh ...
#5 | Posted by LampLighter at 2025-07-19 12:49 AM | Reply
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