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Trump declares HAPPY CRYPTO WEEK! [1]
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Date: 2025-07-15
Donald Trump has doubled his wealth since taking office, mostly with his own meme coin and a crypto exchage where he takes a cut of each transaction. Forget about the $1.5 million a plate dinner, and the other one for the top 220 buyers of his coin. That's small potatoes. He's running a ponzi scheme now and he loves the crypto he hated not so many years ago. He doesn't understand cryptocurrencies, but he understands what's going into his bank accounts.
He's so happy at the money he's getting, he decided to declare this week as HAPPY CRYPTO WEEK.
"HAPPY CRYPTO WEEK! The House will soon VOTE on a tremendous Bill to make America the UNDISPUTED NUMBER ONE LEADER in Digital Assets --- Nobody Does it Better!"
The last phrase reminded me of Carly Simon's "Nobody Does It Better" (YouTube) from the James Bond movie "The Spy Who Loved Me."
Trump is going all Hitler domination of a nascent financial industry. We will rule the world, or I'll destroy it! Anything Trump is for, must be bad, usually.
There are two bills. The GENIUS Act (choose your format), and The Clarity Act (choose your format).
GENIUS stands for "Guiding and Establishing National Innovation for US" Stablecoins.
"The GENIUS Act is going to put our Great Nation light years ahead of China, Europe, and all the others, who are endlessly trying to catch up, but they can't do it. Digital Assets are the future and we're leading by a lot!"
What Trump means is he's making a lot off of his crypto klepto Trump merchandising scheme.
The GENIUS Act, however, does create a regulatory framework on controlling stable coins. They're already there, but this gives you the options that you have on other types of securities, including consumer protection. Trump has a stable coin to go along with his meme coin.
"Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!)."
It could happen today, but it will happen this week. It already passed the Senate, so when the House votes yes, it goes to Trump to sign into law.
The Clarity Act adds language to Securities Act of 1933 for digital assets. It's just three pages. The GENIUS Act is 57 pages.
"This is our moment --- Digital Assets, GENIUS, Clarity!"
Trump thinks they're calling him a genius and that he has clarity of mind. Such is not the case.
"We are leading the World, and will work hard with the Senate and the House to get even more legislation on this passed!"
Unlike Trump's other announcements, this one seems to be for good. Seems to be. I would need to go through 57 pages on the GENIUS Act to be sure. Instead, I decided to go look and see what Democrats were saying about the bills.
Didn't take but 2 seconds. Maxine Waters and Stephen Lynch have called this "Anti-Crypto Corruption Week."
"Together, these bills pave the way for massive crypto fraud and legitimize President Trump's crypto corruption, which has already netted him a staggering $1.2 billion."
Okay, then it's bad. Really bad. I thought immediately that it was bad, then I thought it might be good, but now I know it is bad.
The link above and here is from the Democrats on the House Financial Services Committee. Reading it is like a Stephen King horror story for crypto. The Democrats tried everything they could to fix things including making amendments that didn't make it.
So, I was right in the first place. It's Happy Crypto-Corruption Week for Donald Trump. To coin a phrase.
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