Senator Bill Hagerty, the man who apparently thinks “GENIUS” is an acronym for a stablecoin bill, has decided to throw his hat into the crypto ring. 🎩 He’s introducing a new bill, and guess what? It’s all about “guiding and establishing national innovation for US stablecoins.” Yeah, because who needs sensible legislation when you can have a catchy acronym, right? 🙄
The bill, which sounds suspiciously like a rejected title for a high school play about a quirky group of friends who start a cryptocurrency, aims to establish a regulatory framework for the fast-growing stablecoin market. Apparently, the U.S. is trying to be the “crypto capital of the world” now. I mean, what’s the point of having a global superpower if you can’t corner the market on virtual tokens, right? 😜
Hagerty’s new bill is being co-sponsored by a bunch of other senators, including Cynthia Lummis, who’s basically the queen bee of crypto in the Senate. She’s even pushing for a Bitcoin strategic reserve, which sounds like something straight out of a dystopian sci-fi novel. 🤖
The bill requires all stablecoins to be backed by U.S. Treasury bills, U.S. dollars, and Federal Reserve notes. So basically, they’re trying to make crypto more boring by tying it to real money. Ugh, where’s the fun in that? 🙄
Hagerty is apparently working with Rep. French Hill, the chair of the House Financial Services Committee, to get this bill passed. Let’s just hope they don’t accidentally turn the entire U.S. economy into a giant meme. 😂
Read More
- Hrithik Roshan’s ex-wife Sussanne Khan shares beautiful birthday wish with pic ft actor’s GF Saba Azad: ‘The best of your talent…’
- Dragon Ball Z’s Spinoff Daima Is Officially Available In English, And I Think Fans Should Be Watching For One Major Reason
- ’28 Days Later’ Gets Official Streaming Date From Sony
- Yami Gautam flaunts her ‘Monday morning happiness’ as she resumes shoot after son Vedavid’s birth; See PIC to find out 2nd reason for her smile
- ‘Violent Night 2’ Writers Discuss Who Could Star as Mrs. Claus
- Deva: Shahid Kapoor starrer’s director Rosshan Andrrews reveals idea behind his character; ‘he has a ‘don’t care’ attitude
- Top gainers and losers
- Zamna In Tulum Is Taking Your Festival Experience To The Next Level
- EXCLUSIVE: Shraddha Kapoor gushes over Ranbir Kapoor; says THIS about Aditya Roy Kapur, Varun Dhawan, Rajkummar Rao
- Best coins for today
2025-02-04 20:30