Good article in The Prospect about the coming STABLE and GENIUS acts, which will give an implicit bail out guarantee to crypto money laundering firms - sorry, i mean "stablecoins" - like #Tether and #Circle (#Coinbase). One of the two would also let #ElonMusk print his own dollars.
Senate #Democrats like #KirstenGillibrand, #ElissaSlotkin, and #RubenGallego, whose election campaigns were supported by incredible amounts of crypto money, will probably make sure these bills become laws (because they are corrupt).
Note that stablecoins are currently incredibly profitable businesses. After all a stablecoin is basically a bank where you spend nothing on anti-money laundering & other regulations, refuse to assist customers who have been scammed, and collect 5% interest from the US government while passing absolutely none of it on to your customers.
![Bloomberg: Polymarket Says Trump Whale Identified as French Trader - « User hasn’t attempted to manipulate the market, probe shows I « Betting platform shows higher chance of Trump win than rivals By Emily Nicolle Rl S (Bloomberg) -- A trader who spent more than $45 million on Polymarket bets 3 i that Donald Trump will win the upcoming US presidential election has been ] i L identified as a French national, following an investigation by the based prediction markets platform. Polymarket, which does not permit US users, determined the person behind four large accounts also had “extensive trading experience and a financial services background,” a company spokesperson said in a statement on Thursday. The accounts, the largest of which goes by the username Fredi9999, have collectively spent millions of dollars in markets that favor a Republican victory N](https://media.universeodon.com/media_attachments/files/113/362/837/034/090/262/original/78a743f22e50ca72.jpg "Bloomberg: Polymarket Says Trump Whale Identified as French Trader - « User hasn’t attempted to manipulate the market, probe shows I « Betting platform shows higher chance of Trump win than rivals By Emily Nicolle Rl S (Bloomberg) -- A trader who spent more than $45 million on Polymarket bets 3 i that Donald Trump will win the upcoming US presidential election has been ] i L identified as a French national, following an investigation by the based prediction markets platform. Polymarket, which does not permit US users, determined the person behind four large accounts also had “extensive trading experience and a financial services background,” a company spokesperson said in a statement on Thursday. The accounts, the largest of which goes by the username Fredi9999, have collectively spent millions of dollars in markets that favor a Republican victory N")
nothing to see here, just (probably) a single 
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