Trump to Sign Stablecoin Bill, Easier to Bribe the President

Saturday, July 19, 2025

Donald Trump is expected to sign the GENIUS Act into law Friday, securing his first big win as a self-described "pro-crypto president."

Posted by LampLighter at 11:30 PM | 8 COMMENTS | permalink | Comment on This Entry |

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Under Republicans' proposal, senior WH officials are banned from issuing stablecoins. But not President Trump -- whose affiliated crypto-company issued a stablecoin that is now the 5th largest IN THE WORLD. Their response to this blatant conflict of interest?

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-- Rep. Joe Neguse (@neguse.house.gov) Jul 17, 2025 at 11:08 AM

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More from the article ...

... 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. ...

#1 | Posted by LampLighter at 2025-07-19 12:05 AM | Reply | Newsworthy 1

@#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

Why did Pres Trump seem to be excluded from the ramifications of this bill?

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?

More from the article ...

... "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." ...

#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 ----, 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 ----------- 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

The rules no longer apply to Trump and his gang, they can get as rich as they want taking bribes from CBS, from foreign countries, from any and all, and there is nothing any of us can do about it, because he has utterly corrupted the ultimate authority, the federal Supreme Court.

#6 | Posted by Hughmass at 2025-07-20 07:40 AM | Reply | Newsworthy 2

This man is by far more corrupt than all the other members of the US government combined from 1776 to now!

#7 | Posted by e1g1 at 2025-07-20 11:28 AM | Reply

Pump and dump city...I am sure the crypto people are thrilled, as more and more dollars chase crypto cons, the profits go up, and the dollar weakens.

#8 | Posted by Hughmass at 2025-07-21 07:37 AM | Reply