Bitcoin Forum

The community is waiting for uncle Jerome in the Federal Reserve to print money to begin the cryptospace pumping process, what much of the people in the community do not know is the authority of printing of money is being given to private companies through this stablecoin regulations. This is very much bullish for our cryptocoins hehehehe.

In any case, it appears that the senators of the Democrats are blocking this to protect their backers in Wall Street. However, this is not the end of these hearings. They will discuss this again and we should be here to follow the latest news updates.

https://imgvb.com/images/2025/05/09/8af92e3209236c51ba531771afd71df4.png

In a major setback for crypto, the US Senate voted on Thursday to not advance a landmark stablecoin bill to potential passage after a number of Democrats balked at endorsing legislation they said would endanger consumers, the financial system, and national security.

By a vote of 48 yeas to 49 nays, the Senate rejected the Genius Act after Republicans had sought to fast-track a statutory framework for the $246 billion stablecoin industry.

Read in full https://www.dlnews.com/articles/regulation/senate-overcomes-resistance-to-advance-stablecoin-bill/

The failed vote delays stablecoin regulation, but the push to let private firms issue money shows where the real monetary power is shifting.

I don't like that your make it about being bullish for crypto. I think it's better to talk about usefulness not about profits. I don't care about regulations if they don't help with decentralization and censorship resistance and privacy.

The biggest problem with stablecoins is that the are centralized. They can freeze all your stablecoins at any time they want.

And I'm worried about the possibility that EU will do that during 2026 or 2027. Maybe during the bear season when everyone has sold their bitcoin and waiting for bottom, all the stablecoins will be frozen and to get it unlocked we need to do bad things like KYC and proof of source of funds for our non-custodial wallets.

This will be delayed by the Democrats and Republicans who are being backed by the people behind traditional finance because this bill if approved into law will take some of their control on finance away from them.

Presently the Democrats which might be backed by the big banks of Wall Street are using tactics to stop the legislators that support the bill by creating fud on the Donald. This is desperation for the big whales in traditional finance.



Top Democrats Demand Treasury Info on Trump’s Crypto Deals, Citing ‘Bribery’ Risks

The request marks an escalation in Congressional scrutiny on whether the President and his entourage are abusing their positions to benefit their crypto businesses.

Read in full https://www.coindesk.com/policy/2025/05/14/top-democrats-demand-treasury-info-on-trumps-crypto-deals-citing-bribery-risks

Sooner or later they would ban stable coin, or they accept but they join, so the government have a control over the coins.

Yeah cash or debit/credit card are better use for the citizen because they don't have to pay fees per transactions, but if the US citizen want to send money to people across nations, stablecoins would be a good choice.

Senators backed by traditional finance leaders will attempt to obstruct everything related to cryptocurrencies. Major traditional financial companies are not happy with the US's shift toward cryptocurrencies under Trump's leadership.

Despite Trump's great efforts to open the country to cryptocurrencies, he unfortunately gives them an opportunity through some minor mistakes related to the Trump meme and his wife, Melania. For example, he not only made the mistake of creating his own meme, but also invited major investors in the Trump meme to the White House. This will certainly be exploited to create a buzz around him and thwart his plans.

Traditional finance favors Republicans over Democrats.
https://www.opensecrets.org/elections-overview/biggest-donors

With Wall Street becoming more involved in cryptocurrency, this theory that they are obstructing favorable regulation doesn’t make any sense. Eventually, we are likely to get some form of this bill passed, but Trump is incredibly unpopular right now. His corruption couldn’t be more obvious. As an opposition party, you can’t expect Democrats to just give in so easily without at least appearing to put up a fight. They will probably get some concessions, but they will ultimately go along because the purpose of the bill is less about financial freedom and more about strengthening US dollar hegemony.

It appears that we will witness what will be the future of the cryptospace and the world this week. If this bill will he signed into law by the Donald, we can certainly be sure that much inflows of dollars to the cryptospace will certainly occur not through exchanges anymore, it will be through these traditional banks and payment processors who have embraced stablecoins.

However, does everyone agree that this will be a victory for the cryptospace? There might be some people who are skeptical, I reckon.



Landmark stablecoin legislation cleared a key hurdle in the US Senate Monday evening.

In a 66-32 vote, Senators advanced the Genius Act, legislation that would regulate the issuance of dollar-pegged stablecoins, a kind of crypto asset that has been embraced by fintech titans such as PayPal and Stripe.

Now, the Genius Act will need only a simple majority when it comes up for a final vote, something that could happen as soon as this week.

Monday’s vote was a major win for crypto legislation.

Read in full https://www.dlnews.com/articles/regulation/landmark-stablecoin-bill-genius-act-clears-key-senate-hurdle/

Banning yield-bearing stablecoins is a huge mistake. One of the main reasons why there is so much stablecoin demand is precisely because people want to earn yield with them. Almost two-thirds of Pendle markets are for yield-bearing stablecoins, so they might have to start blocking the US again just weeks after they removed the restriction. Even World Liberty Financial’s Aave instance would technically be breaking the law, because when you supply collateral you are issued a yield bearing wrapper for the coin you deposit.

With this provision, I suppose their intent is to only allow users to earn interest on their savings if it is done through traditional banks and government approved institutions with mandatory KYC.

Stablecoins already worked well prior to this. Government permission and increased surveillance aren’t necessary to “protect consumers”.

I might need to read the details more intently on this because there were 2 proposed stablecoin bills. There is the Genius stablecoin bill and there was the other one called only as the stablecoin bill. I am very much aware that one of these allows only the creators to earn yield for the stablecoin that have been launched after the passing of the bill into law. The new stablecoins that will be created after this will only have the creators to earn yield.

In any case, on the speculation that more inflows of fiat will enter the cryptospace and pump our cryptocoins appear to be very bullish hehehe.

Has the government tricked us again? There was a very unfavorable response on the proposals for CBDC and everyone cheered when the Donald declared that there will be no CBDC under his administration. What was in favor for him was the cryptospace and stablecoins. However, what if these stablecoins behave very much similar to CBDCs?

Did the Donald only favor different type of people with corporate and political interests by favoring stablecoin instead of CBDCs?



Stablecoin issuer Circle has frozen two wallet accounts linked to the Libra memecoin scandal, containing around $57.6 million in USDC, Arkham reported Wednesday.

According to screenshots provided by Arkham, one frozen Libra wallet contains $44.59 million in USDC, while another, the deployer wallet for Libra, holds around $13 million worth of USDC.

Key stablecoin issuers, such as Circle and Tether, can restrict token transfers in urgent scenarios or during legal investigations, such as major security breaches.

Read in full https://www.theblock.co/post/356131/circle-freezes-58-million-usdc-libra-memecoin-scandal-arkham

I see a very big problem in these laws, that the US government will not be legally responsible for companies that issue stablecoins. Companies will receive real money, buy treasuries with them, which will be collateral.
And the companies will send their clients tokens in the blockchain, which can be devalued at any time. The government will find violations, seize the collateral (treasuries) and the hamsters will lose all their savings.
The only winner will be the US government.

@zasad@. What did you imply about send tokens to their clients in the blockchain? I am assuming these tokens are the stablecoins which will be 1 stablecoin equals to $1 dollar. However, why did you say that this will devalue? Are you implying that they will for certain depeg against the dollar?

Also, on these stablecoin companies to buy treasuries, this is what Tether has been doing. Are you implying this will become the standard roadmap for other stablecoin companies?

Firstly, for all companies that will issue stablecoins tied to the dollar, the purchase of treasuries will be a mandatory condition.
Tether is a private company and not even American. Their website even says that the company is not responsible for the fact that the price of their stablecoin may not be equal to $1.
What if this company falls out with the US government and the government blocks their treasuries?

@zasad@. That would certainly be a very bad occurrence, however, this would certainly be a similar argument on China as a treasury holder. I reckon if America blocks the sales of US treasuries, we can quite be certain that this will very much decrease the rating of these treasuries and this would also cause panic on other treasury holders and dump what they are holding. Is this what you are implying?

You appear to be creating fud.

The US and Europe have frozen over 300 billion Russian assets and has this lowered the rating of the European or American banking system? I can give you enough examples when business accounts of Russian citizens were frozen in the US, Europe, although these people have not lived in Russia for more than 10 years.
At any moment, Tether or another company can be accused of financing any enemies of the US and their assets in treasuries can be frozen.
I don’t really understand how the rating of treasuries is related to the fight against terrorism?

@zasad@. Yes and it appears that you are not mentioning a very important information on why they did this to Russia. Russia started a war and they trying to invade Ukraine. Do you reckon freezing assets is a normal order imposed by the American and European governments on the financial system? You should consider all important information before you create an argument.

Also, much of those Russian citizens that accounts were frozen are Russian oligarchs who support Putin. I am not quite certain if you support Putin and the war in Ukraine, however, consider this very important information.

I guess @zasad's main point isn't to criticize the US freezing of the assets of wealthy Russians due to the Ukraine war, but rather to criticize the idea itself. I mean, regardless of the reason, the US government can freeze the assets of any citizen in the world, using any pretext it devises, whether true or false.

Here, there's a clear pretext: these people support Putin. But elsewhere, the US government can simply accuse any citizen in any country in the world of supporting terrorism and freeze their assets. That's the real problem.

Since we are not on the battlefield and we are "all Satoshi" here, let's not blame each other.

In Russia, many people hate oligarchs, and oligarchs have no problems with sanctions and blocking. They fly and vacation in Europe and the USA without any problems, and their children and relatives study there.

Rhetorical question: "Why are there no sanctions against America?"
https://bitcointalk.org/index.php?topic=5441385

yhiaali3 understood my thought correctly

@zasad@. I am only giving an argument for everyone to understand why sanctions against Russia and Russian oligarchs have occurred because I also argue that this is not a type of sanction that the American government can impose anytime. This is a sanction because Putin declared war.

In any case, on the stablecoin bill, there is a news update. After some changes, this bill might be voted and delivered to the Donald's table for approval. I am very much afraid that if this grandma Warren and her colleagues are mentioning consumer protection and national security, this stablecoin bill might force their issuers to make their stablecoins function very much similar to a CBDC.



At that time it drew fire from Senator Elizabeth Warren and other colleagues for failing to protect consumers, the financial system, and even national security from potential risks.

Read in full https://www.dlnews.com/articles/regulation/stablecoin-act-is-poised-for-speedy-passage-after-democrats-win-changes/

You don't understand me. Let's say because of sanctions the oligarch lost a factory, expensive real estate worth a billion, and in Russia he earned much more.
But these sanctions do not prevent the oligarch and his family and relatives from living, studying and traveling in the USA and Europe.

I am writing to you about other people who have not lived in Russia for a long time and have a legal income in Europe or the USA, but face big problems in banks, in finding work, in obtaining citizenship, and so on.

Now about the bill. This is very convenient for the US government, because the government does not bear any obligations for the tokens that will be issued.

@zasad@. Why have these sanctions occurred? You reckon that this was done only randomly?

On the stablecoin bill, this might be criticized as convenient for the America  government, however, this is also a type of deregulation of the financial system. Is this not what everyone in the cryptospace has wanted? Also, this will also cause more inflows of dollars to the cryptospace.

The US imposes arbitrary sanctions all the time. Can anybody explain why there is still an embargo against Cuba? Also taking away Harvard’s funding because of manufactured antisemitism hysteria that is nothing more than a way to punish people that protest Israel. With that being said, I don’t think it will reach the level of freezing a stablecoin issuer’s assets. Circle and Tether are more than happy to comply and remain obedient if it means protecting their profits.

Whether Elizabeth Warren gets her way is largely irrelevant to users of stablecoins. Centralized government-approved stablecoins will become de facto CBDCs regardless. Palantir is already collaborating with the administration to create a master database of every person in the country. If stablecoins gain mass adoption, it would be naive to think the government isn’t going to abuse their power and use the information they gather to target the finances of dissidents and political enemies. They are already doing it, this will just extend the dragnet even further.


More regulation is deregulation and compliance is defiance. That is typical cryptobro doublespeak. What you are really saying is you just want your bags to pump no matter how hard you get cucked and Bitcoin and crypto are co-opted by the ones it was intended to serve as an alternative against.

I think that sanctions were introduced to improve the Russian economy. If you look at the statistics, Russia's GDP is growing at a tremendous rate, despite all the sanctions. I would rather ask why the sanctions are not working.

I think you are wrong about the deregulation of the financial system. The US needs buyers of treasuries to develop, and since there are no more buyers in the world, it is beneficial for the US government that companies that issue stablecoins buy treasuries.
These statistics are already 3 months old
https://www.talkimg.com/images/2025/03/18/08XbT.md.jpeg (https://www.talkimg.com/image/08XbT)

@zasad@. You can argue that and it might be correct. However, my argument is sanctions without a very much serious to impose this would bring confidence in the American financial system and this is why the American government will do it very rarely. Anyone who declares that they can do this anytime against any country or any holder of US treasuries is only spreading fud.

Even Trump's son agrees with my arguments:
https://www.cnbc.com/2025/06/03/donald-trump-jr-meme-coin.html
Trump Jr. argued that stablecoins like USD1 could support U.S. financial dominance, not threaten it:

“They’re literally some of the biggest buyers of U.S. Treasurys in the world, replacing a lot of the countries that would have been traditionally doing that,” he said, referencing crypto firms like Tether, which controls nearly 70% of the global stablecoin market.

___
Don't you agree with simple truths?
For example, when the US has the strongest economy in the world, they can do any crap. Other countries will still negotiate with them.

Now America is actively killing the European economy, depriving it of cheap resources. The main enemy of the USA is not Russia, but China, whose economy is beginning to overtake the US economy.

@zasad@. What argument are you implying that Trump's son is agreeing with you hehehehe. You argument is the American government can sanction anyone, you also say they will do this anytime and this is why these stablecoins will not be very good for the cryptospace. This is your argument.

My argument against this is even if they are the most powerful country in the world, if they will sanction someone without a real reason then this will certainly still place them in a questionable position and this might also cause discouragment and loss of confidence in US treasuries. They will not do this.

If you read my posts above, then you will find several arguments there.

If you do not believe the words of the authoritative Chinese press secretary of the Ministry of Foreign Affairs, then this is also your right
https://bitcointalk.org/index.php?topic=5441385.msg61825995#msg61825995

But recently Trump raised trade tariffs for many countries and even for penguin islands (https://www.bbc.com/news/articles/cly8xlj0485o) ;D ;D
Isn't that sanctions? So who's at a disadvantage after that?

How did Trump explain the increase in duties for the European Union? Very simply, he said that the US should not have a trade deficit ;D

Forgive me, but I think you live in an alternate reality. Trump has already imposed sanctions on half the world.. :'(

@zasad@. Hehehehe this is where your information comes from? The press secretary of the CCP? I am sorry my friend but if you call me that I live in alternate reality, I do not know what to call you.

Also, implying that tariffs are similar to sanctions is very headshaking. Tariffs are taxes on imports imposed by the government hehehe. In any case, the real argument is no government can impose sanctions against anyone without a very real cause because this would threaten their position and trust.

Then tell me a list of sources or famous people whose statements are authoritative for you.

I understand the difference between sanctions and trade duties perfectly well.
I will give you a simple example. Let's say 2 countries are engaged in international trade. As a result, the first country has a profit of 10% per annum. The second country decides to introduce a trade duty of 5%. In this case, I agree that this is a reasonable trade duty.
But if the second country raises the trade duty to 25, 50, or 100%, isn't that a sanction? You are making trade with you unprofitable with the help of trade duties.

Let's say you receive a salary of 10,000 dollars, pay 3,000 dollars in taxes, and tomorrow your boss says that the amount of taxes has increased to 9,999 dollars for you. Will YOU call this situation a tax increase or a sanction against you?

___
Forgive me for my harsh statements, but we Russians call things by their proper names.

@zasad@. Is your question supposed to save the press secretary of the CCP from the criticism that they are not a reliable source. I am sorry, however, if you force this argument then I cannot talk to you anymore hehehehe.

The CCP strictly controls all their media outlets, everything that is released to the public is controlled by the CCP. Everything required to align with the party and their agenda.

You don't want to continue the dialogue because you have no arguments. You can check any information in the public domain
https://en.wikipedia.org/wiki/List_of_wars_involving_the_United_States

Is wikipedia also controlled by China or does wikipedia also contain false information?

In Russia people say that if you call a girl Masha by a man's name Ivan, Masha's penis will not grow after that.

@zasad@. I cannot continue the conversation because it is useless. I will not be convinced by a person who thinks that the press secretary of the CCP can be trusted when we are very much aware the CCP has centralized control on the flow of information in their media outlets. No one can speak against them to challenge their claims. This is headshaking.

Also, what started the argument? Is it not from your claims that the American government can sanction anyone and anytime they want without a good reason. This is also why you argued for concerns that Tether holding US treasuries in their balance sheet is not very good because America can sanction them anytime?

However, you used Russia as an example on American sanctions heheehhe. A country with a leader that started a war on their neighbor hehehe. They got the sanction because of this war. This is not a sanction because they can do it anytime. There was a real reason behind this.

If you don't like the example with China, then let's not go back to it. I'm talking about information that can be easily verified.
If you don't like the example with Russia, then let's skip it too. I have a friend who has been involved in foreign economic activity for many years, so he imports a lot of sanctioned goods to Russia through those countries that are fighting for sanctions against Russia the most in the press :)

You didn't like my example about Trump's trade tariffs, which are worse than sanctions. Don't you understand that increasing trade tariffs by 50-125% has the same effect as sanctions.
Another example. Just recently, Trump was friends with Elon Musk, and now they are throwing mud at each other on social networks.

With such a policy of the president, I don't even know what sanctions trade tariffs President Trump will want to impose tomorrow against non-American companies that issue stablecoins. Is it a problem if Trump recently imposed a bunch of trade tariffs against half the world?

@zasad@. I do not anymore know where you are taking the argument hehehe.

In any case, Tether's new layer 1 blockchain being developed for stablecoins had a successful ICO through Sonar, the new platform created from the private funding application of Cobie. It appears that this is only the beginning of the new season of the ICO hehehe.



Layer 1 blockchain Plasma showcased the massive demand for exposure to the stablecoin sector this morning, filling a $500 million initial coin offering (ICO) deposit vault in a matter of minutes.

The token sale was initially capped at $250 million, but after the vault filled instantly, the cap was doubled to $500 million, which filled as soon as market participants realized the cap had been increased.

The raise is being managed in collaboration with Sonar, which is the ICO arm of Cobie’s public fundraising platform, Echo.

Plasma is a ‘stablechain,’ or a Layer 1 (L1) blockchain optimized for stablecoin transactions, backed by Tether, the issuer of DeFi’s leading stablecoin, USDT. It’s offering 10% of its XPL token supply at a $500 million fully diluted valuation (FDV) through this sale.

Read in full https://thedefiant.io/news/blockchains/stablecoin-blockchain-plasma-fills-usd500-million-ico-instantly

Is my English really that bad?
I'm trying to explain to you that with President Trump's policies it is impossible to predict who will be hit with sanctions tariffs tomorrow.

___
Regarding your news. Another blockchain with full compatibility with EVM. Why is it needed? How is this blockchain better than hundreds of L2 solutions on Ethereum? The market needs this project now like a fifth wheel on a cart.

News update. This is the type of occurrence that might cause the government to reverse on their actions and regulate stablecoins more strictly right when everything appeared to be on a stage of deregulation. This is going to be headshaking and the anticrypto politicians will also shake their finger on the cryptospace to tell us we told you.



Authorities in New York City are charging a Russian crypto executive with laundering more than half a billion dollars for Russian clients trying to evade US sanctions and acquire “sensitive US technology.”

Brooklyn resident Iurii Gugnin — also known as George Goognin and Iurii Mashukov — allegedly funneled a staggering $530 million in USDT payments, the Department of Justice said on Monday.

The 38-year old now faces a 22-count federal indictment accusing him of wire fraud, money laundering, conspiracy to defraud the US, violating the Bank Secrecy Act, and breaking sanctions imposed under the International Emergency Economic Powers Act.

Read in full https://www.dlnews.com/articles/regulation/prosecutors-charge-russian-in-530m-money-laundering-scheme/

When Americans find out how many Yuriys live in the US and successfully help circumvent sanctions, they will be in great shock :)

People like this Yuri are very active in helping American companies develop, so the US government is in no hurry to detain such necessary people.
I'll tell you a secret that in Russia, companies that receive sanctioned goods are more concerned not about how to receive the goods, but about how to exchange Russian rubles for stablecoins in a more legally secure manner ;D

@zasad@. However, another argument on this is if moneylaunderers decide to use USDT as their currency to launder money in the cryptospace, does this really cause the American government to sanction Tether? This will be headshaking because this is a precedent that they should sanction themselves if the American dollar was used hehehehe.

I reckon Tether will be the party responsible to block or freeze USDT used for illegal purposes. This will be a similar case as Tornado Cash if the America  government cracks down on Tether, I reckon.

I already like the way you think, I'll even add a little.
And if criminals use roads to bypass sanctions, then should the roads be closed?
And if criminals use public transport, then should it be banned?

I am 99.9% sure that the US government has a lot of evidence to accuse Tether of the same thing as the Russian Yuri from your article. But this will not happen because Tether has an agreement with the US government, and they will only block those wallets that the US government requests.

@zasad@. I reckon without a very serious reason to sanction a country, a company or a person, the American government cannot do this very easily. An example is China. Despite America and China's disagreements with each other America will not sanction China because it does not have a very serious reason. However, if China will attempt an invasion of Taiwan, we can be very much certain there will be sanctions.

I completely agree with you that sanctions require serious reasons.

But to impose trade tariffs of 125%, which are worse than sanctions, it is enough to wake up in the morning and tweet that the US trade balance with China is bad. ;D

You understand that this is funny.

If this situation is even a little deeper, then before the president woke up and wrote a post on Twitter, he could have told his colleagues about his decision and they would choose SHORT on the stock exchange.

And then, when the president says that the decision was too tough and it is necessary to negotiate, then his colleagues will already be LONG on the stock exchange.

These are all my fantasies, I have no evidence, except for the facts that the wealth of the president and his colleagues is growing very quickly ;D

@zasad@. You can argue that these tariffs from the Donald's administration might be worse and it might also be correct, however, sanctions and tariffs are 2 very much different occurrences. A sanction removes a country's ability from using the financial system based on the western banking from participating. A sanction is a tax on goods imported from a certain country.

Also, America and China are presently very close on finding an agreement to lower tariffs imposed on each other. If America has sanctioned China without a good reason this would certainly cause the world to lose confidence in the western banking system. America does not want this to occur.

Ok, I agree with you about the definition of trade duties and sanctions.

But in our dialogue I want to draw attention to something else. I also think that America and China will reach an agreement, that Trump and Elon Musk will also stop this circus.
But why do you think Trump started this whole spectacle with trade duties?
Has no one SHORT Tesla when short was profitable?

Large corporations are losing huge capital, and if Trump does not stop this spectacle, then I do not rule out new assassination attempts.

@zasad@. Agreed! It certainly appears that the Donald is only using the tariffs very much similar to a little child who threatens his parents that he will stop breathing if he does not get what he wants heheheheeh.

This is very headshaking behavior, however, it appears that he certainly got the attention from everyone. This agreement between China and Russia will be good for the cryptospace market. The other problem presently is the war on Israel and Iran.

Have you ever wondered why in such a democratic country as the USA there are only 2 political parties?
Trump pretends to be active, but he will not be able to change anything, the US national debt will also continue to grow.
The trade war between the USA and CHINA is inevitable and China is already ahead of the USA in many respects.
The situation in the world will only get more complicated.

@zasad@. I am not making a declaration that a certain politician, country or government has no error. However, agreed on the national debt will only keep growing. America has arrived on a destination where it cannot go back to their previous destination. We can blame the Donald but this has begun before him, before sleepy Joe Biden, before Obama, before Bush, before the before hehehehhe. This is a burning train that cannot be stopped anymore.

There is a very interesting post about the US national debt from Elon Musk
https://bitcointalk.org/index.php?topic=5545895.msg65492201#msg65492201

Israel recently launched a missile strike on Iran's nuclear facilities, and the sanctions-loving people kept mum. The US national debt will grow even more if this military conflict continues.

@zasad@. It was very much clear when the Donald announced that Elon's DOGE department would be canceled. Elon was doing his job on finding spending wastefulness in the American government, however, it appears that the Donald does not want this. This is similar behavior to other presidents before him. They want spending to continue, both wasteful and not wasteful spending because this will be helpful in pumping the economy with money to avoid a recession.

On Israel there will be no sanctions because it is an American ally and Iran is the enemy heheheheh. However, if Israel bombs another American ally, the will certainly get sanctions also.

The US budget has long been divided between American corporations, including Elon Musk's corporation, which receives a large share of it. It was a circus from the very beginning, so Trump quickly got tired of DOGE. As officials in Russia say, when you conduct an investigation, the most important thing is not to blame yourself and your colleagues. :)

You yourself just said that the US and Europe are being hypocritical. Their allies can attack other countries without consequences.
This is not fun at all when the world is on the brink of World War III. Iran is a trade ally of China, Russia and other countries that will not allow the US and Israel to attack the country.

@zasad@. This is true, however, this can also be very complicated. On the example of Israel, it can also attack a country that is not allied with America and might also get a sanction. If Israel bombs China, I reckon Israel will be sanctioned to force them to stop this attack. Despite the disagreements between America and China, they are still trading partners and America does not want disruptions on the trades that occur between them.

It's obvious there's strong demand for USDT, especially in countries like those in South America where inflation is really high. People see the U.S. dollar as more stable, even though ihas inflation around 7–8%. Tether takes advantage of this demand  it issues USDT tokens and uses the funds to buy U.S. Treasury bonds, earning about 5% annual interest.

I think I read somewhere that Tether is now one of the largest holders of U.S. Treasuries, with around $120 billion in bonds. And of course, this benefits the U.S. government as well , they get reliable buyers for their debt.

Israel has always been a private military company from the US. Basically all of Israel's weapons are from America, and Israel coordinates all of its actions with the US.

I am even afraid to imagine the situation if Israel launches a missile attack on China. And missiles sometimes fall, and can fall on Indian or Pakistani territory. China, India and Pakistan are nuclear powers that will not negotiate with aggressors.

Agreed, however despite this reality, America has not sanctioned these countries because there is no real reason to do this. Our argument in this thread has become very much off the topic already but the real argument from me is America cannot sanction other countries and US treasury holders without a very good reason because this would cause US treasuries to appear as a bad investment.

If Tether is one of the largest holders of US treasuries, this does not put them in a danger zone to be sanctioned if there is no good reason for the American government to do this.

America has not imposed sanctions on China, but trade wars continue. The US and China have not reached an agreement on trade tariffs
Chinese companies are moving to the US because of trade tariffs
https://www.reuters.com/world/china/dominant-chinese-makers-bitcoin-mining-machines-set-up-us-production-beat-2025-06-18/

Tether gave billions of dollars to the US government and got treasuries in return. If you look at the accounting reports, Tether are billionaires, but in reality, no one in the US will give those billions back to Tether. (This is my vision of the situation :)  )

@zasad@. Trade wars continue, tariffs continue, however, these are different from sanctions which block a certain country from the whole financial system allied with America which implies that this is 90% of the financial system.

Sanctions need a very serious reason to be imposed by America. I reckon if China invades Taiwan, America and other allied countries will sanction China because this is a very serious reason.

You are also avoiding the argument that America will not sanction a certain country or company without a very serious reason. You only imply that America will sanction a country and treasury holders anytime because they can decide to do it. This is very headshaking.

Yesterday, the US violated hundreds of international laws by attacking Iran's nuclear facilities with the world's most powerful air bombs.

Bro, where are the sanctions? (This is a rhetorical question)

I completely agree with you about serious reasons and sanctions, but is this a problem?

Here is a serious reason for blocking the Tether company
https://tass.ru/ekonomika/24250917
"The total amount of transactions made in cryptocurrency between the Russian Federation and other countries could reach 1 trillion rubles since the beginning of 2025. This estimate was voiced by the head of the State Duma Committee on Financial Markets Anatoly Aksakov in an interview with TASS on the eve of the St. Petersburg International Economic Forum (SPIEF).

I can think of many more serious reasons for you.

@zasad@. Hehehehe yes, where are the sanctions? Why will China and Russia not sanction America? The answer to this question, because it would appear that they are sanctioning themselves and blocking  themselves from much of the banking system heheheheehee.

On the reason to sanction Tether, if American dollars are being smuggled to Russia and another sanctioned country like North Korea, should the American government sanction the Federal Reserve? Hehehehe also the reality is the Trump administration will be giving their full support to stablecoins. Tether might be ordered to block those transactions, however, they will never be sanctioned unless Tether is directly working with Putin or Kim Jong Un to launder and move money.

Also, share your many reasons but Tether will never be sanctioned.

There is no point in China imposing sanctions against the US because these countries are already engaged in a trade war.
Russia is not imposing sanctions against the US because mirror sanctions against the US are already in effect.

Officially sanctions and trade duties, and unofficially in Russia the prices for European and American goods are in USDT ;D

This is not the reason hehehehe. The reason is China will not impose their own sanctions against America because it would be useless. America does not use their banking system heheheh, America will not feel anything. Also, by sanctioning America, China will suffer countersanctions which will certainly remove them from much of the banking system. If there was a decision that might cause Xi of the Jin and the Ping to become unpopular, this will be the reason hehehehe. China is rich, however, it needs the western banking system.

Also, Russia's mirror sanctions? Hehehehe this is headshaking. America does not need the Russian banking system. However, you can call it what you like if that will comfort you.

Why would China impose sanctions against the US?
The country that loses imposes sanctions
After all, in politics it is not customary to create problems for your competitor with your own hands.

China successfully trades with Russia through cryptocurrencies. I have a Union Pay card from a Russian bank and I successfully pay with it abroad :)
The total global volume of settlements in US dollars is decreasing.

@zasad@. The reality is China or Russia cannot sanction America because it is China and Russia that will lose if they sanction America. They would be blocking themselves from much of the banking system which is controlled by people who have interests for America to succeed.

China and Russia would have sanctioned America already if they had the alliance and the power over the banking system, however, they do not have this type of power. Only America has this.

You yourself demanded that I write correctly and not confuse definitions.
America imposed sanctions against Russia, Russia imposed counter-sanctions against America. I agree that the Americans may not notice these sanctions, but these are called sanctions, which are already in effect.
If you look at the practice of all sanctions, then America continues to buy Russian uranium, and many American companies have changed their name in Russia. Shitty Coca-Cola is sold in any small store :)
And everything that is prohibited by sanctions, then Yuri (https://bitcointalk.org/index.php?topic=5542218.msg65474588#msg65474588) and others will always come to the rescue ;D ;D

China pretends to obey US sanctions and trades with Russia via cryptocurrencies, like many countries.

And we continue to watch this whole circus.
I don't know whether China will attack Taiwan or not, if so, then sanctions will probably be in the near future.

I have prepared some more useful information for you about sanctions (https://bitcointalk.org/index.php?topic=5547954.new#new) against Russia

@zasad@. The argument is what was the effect of Russia's countersanctions on America? This is only very small hehehe. If there was no American sanctions on Russia and Russia would sanction America because the Donald bombed Iran, this Russian sanction on America will be more damaging for Russia because they would be isolating themselves from much of the banking system. This is reality.

I completely agree with you that the effect of Russian counter-sanctions for America is minimal, but nevertheless this is a position. Although some American companies are losing profits.
Russia is now isolated from the banking system, SWIFT is available only to some banks, because Europe and the USA need Russian natural resources. Previously, all Russian profit from the sale of natural resources was in American and European banks, but now all this money works for the Russian economy, so now the economy in Russia is developing very well. Russia ranks first in the world in sanctions, but its economy is growing better than in the days before sanctions. This is reality :)

@zasad@. If the sanctions are good for your economy then I am happy for you and your people. My argument was never about Russia as a country or that the Russian economy should have a breakdown. I certainly do not like his to happen for any people in any country. The argument was about American sanctions and how the will not use this like it was a common occurrence. America will use sanctions only for very serious reasons like invasion of another country, terrorism and other types of more serious crimes against humanity.

The Americans just did it, let them impose sanctions against themselves :)

What ???
Trump nominated for Nobel Peace Prize over Iran-Israel ceasefire deal
https://www.foxnews.com/politics/trump-nominated-nobel-peace-prize-over-iran-israel-ceasefire-deal

https://polymarket.com/event/will-donald-trump-win-nobel-peace-prize-in-2025

___
I want to tell you another thought, Russia is not an enemy for America or Europe. If Russia did not have the best missiles in the world, then hundreds of millions of Chinese would occupy the entire territory from the Sea of ​​Okhotsk to the Ural Mountains and no army could stop it.

@zasad@. You hate America, this is very much okay. I cannot argue with your latest reply because this is very much off topic already. I have also stated my argument and the reality about sanctions imposed by America. They cannot impose them without a very serious reason and this is a fact and as a result of this, the chances for them to sanction Tether is very low.

A completely wrong statement. And I never said that I hate America. There are millions of honest and decent people living in America, and why should I hate them?

___
If we talk about the latest events, then America transmitted information on all military channels about where they would bomb, so no one was hurt in Iran. Then Iran did the same and fired missiles into the desert and did not cause any damage to America.
We witnessed a big show that could have gone wrong at any moment.

This shows that the American president does not want to fight Iran.

@zasad@. When I said you hate America, I was implying you hate the American government. Similar to if I criticize Russia, I am implying Putin and the Russian government. However, do I imply that I hate Putin? No, this is nothing personal.

You say that America attacks the middle east and hurt people there, however, Russia has also done this, attacking Ukraine and also killed innocent people. But I have never used these occurrences in my arguments because this is off topic for this thread.

Also, these decisions made by Trump or Putin are very difficult decisions because it is in their positions to maintain America and Russia's power. I do not like this but this is reality.

And why did you decide that I hate the American government?
I want to tell you that America has long ceased to be the leader that everyone fears. That is why we have witnessed a big show involving America, Iran and Israel.
When a leader weakens, a struggle for power begins in his areas of influence. This has happened many times in history.

@zasad@. Who said everyone feared America? They are not similar to a tyrant that wants to invade the whole world. They are much more similar to a corporation that wants to protect their corporate interests.

China also functions very much similar to a corporation that also only wants to protect their corporate interests. This is why I predict that China's wolf warrior diplomacy will be replaced by a westernized type of diplomacy hehehee. We will witness this.

Okay, America is a peacemaker with over 1,000 military bases around the world. And those countries that disagree with American democracy are subject to peaceful bombing :)But it's not funny, to be honest.
China, unlike America, does not carry out peaceful bombings of other countries.

@zasad@. I did not call America a peacemaker, I said they are something similar to a corporation where they protect the corporate interests. However, since they are a government with the best and largest military in the world, they will use violence if this is necessary.

This also goes to my other argument that if there are countries that do not like this then they should sanction America. Why do they not do this? This is because it is much better to cooperate and to be an ally and also because sanctioning America would be very much like isolating themselves from much of the banking system.

Russia's experience has shown that sanctions against large countries do not work. America is very large, so sanctions against this country will be ineffective.
But the US trade war with Europe and China continues, and final agreements have not yet been signed.
Sanctions against Russia have strengthened China. China has the opportunity to buy Russian resources very cheaply.

@zasad@. You are correct. Presently it is making it appear that sanctions are not working. However, that was not the argument. The argument was about the American government and that it needs a very serious reason to sanction a certain jurisdiction, a company, a person or a group of people. If a country tries to invade another country, of course they are giving no choice but to be given sanctions. If a certain group is doing and supporting acts of terrorism, of course they will also be included in the sanctions list. If China attacks Taiwan, they will certainly be sanctioned.

I do not argue with you that the sanctions need a serious reason.
And for trade duties, there is no reason. It is enough to wake up in the morning from the hangover, look at the trading balance and declare trading duties :)

Sanctions and trading duties are different concepts, but the effect of trade duties can be stronger than from sanctions.


___
https://www.bbc.com/news/articles/cgeqrd0e9j7o
"US President Donald Trump has threatened to impose a "30% or 35%" tariff on Japan if a deal between the two countries is not reached before a deadline next week.

That would be well above the 24% tariff Japan was hit with as part of Trump's so-called "Liberation Day" on 2 April, when he announced steep import duties on countries around the world."

Trump terraries the whole world with his trading duties and gave all countries 90 days for negotiations and signing agreements.

@zasad@. I disagree with the argument that trade duties and tariffs are similar to sanctions. This is also very headshaking to consider this hehehehehee.

On tariffs, there will be taxes on imports from a certain country which can be higher or lower. On sanctions, these are wider political and economic impositions that will include trade restrictions, the freezing of funds, travel bans and the declaration of unwelcomeness on a sanctioned country's diplomats.

To expel a diplomat from the country, he can be declared persona non grata without sanctions. To keep a person out of the country, you can refuse to grant a visa or cancel an existing visa.
It all depends on the goals and interests. Trade duties can be postponed, increased, decreased, or even stopped at any time, so we will be watching this circus for a long time.

__
https://www.coindesk.com/business/2025/07/04/russian-state-giant-rostec-plans-ruble-pegged-stablecoin-payment-platform-on-tron-tass
Russian State Giant Rostec Plans Ruble-Pegged Stablecoin, Payment Platform on Tron: TASS
"RUBx, based on the Tron blockchain, will be anchored to the Russian ruble and integrated with the country’s banking system."

This is what the sanctions lead to, Russia will soon have several fastest payment systems in the world, much better than outdated swift in which payments are days.

@zasad@. I am not again arguing what will be better or worse for a certain country if this is sanctioned. I am only arguing about the need for serious reasons for the American government to sanction a certain country.

However, if Russian financial system can be better after sanctions because of the cryptospace, I reckon there can also be an argument that Tether can also find solutions through the cryptospace after it is sanctioned.

Why are you arguing with me if I completely agree with you :) You are talking about classical concepts, but they do not work now. For example, Trump calls the attack on IRAN a fight against a "Middle Eastern bully (https://news-pravda.com/world/2025/06/22/1454388.html)"
Trump called his decision a "historic decree" - this is about trade duties. In modern politics, the word sanctions is no longer in fashion. Now we will read such nonsense in the news all the time.

Tether is formally a millionaire, but in fact their assets are 81% US Treasuries (https://tether.to/en/transparency/?tab=reports).
With such conditions, the Tether company will be fully subordinate to US regulators, and if not, there is a high probability of a criminal case in the US against the company, as a result of which the company's assets may be blocked. As a result, 1 USDT will cost 10-20 cents.
Russian projects do not depend on US treasuries.

That’s exactly the point — Tether’s exposure to US Treasuries makes it vulnerable despite all the crypto talk. Once regulators get serious, it won’t matter how decentralized the front looks. Legal structure and jurisdiction still rule the game.

Was I arguing? I was only replying. On Tether, there is certainly a chance that it might be blocked if they participate in activities that will be offensive against America as a country and the America  government, however, similar to the Tether fud that we have witnessed before, everything that is being said negatively against Tether without proof is only fud.

I was also speculating that Tether will be cracked down before. But nothing has happened and everything was only imagined speculation.

It seems to me that you are reacting very tensely to my posts.

I am sure that Tether will be fine now and the company will comply with the GENIUS Act, but Tether has a serious competitor in the US. The company Circle has more serious support and this company is more transparent.

___
Looking for interesting information about Tether (https://www.msn.com/en-us/money/companies/us-bankruptcy-court-allows-celsius-to-progress-with-lawsuit-against-tether-over-4-billion-in-bitcoin/ar-AA1HRf5G)

@zasad@. Hehehee I do not take our argument very serious because you are inventing arguments after proven wrong on sanctions and tariffs. Also, proven you wrong that the American government can sanction anyone easily heheeh.

However, you are correct on the competition against Tether and this will only worsen when the new stablecoin bill will be signed into law because big banks and payment processors will be issuing their own stablecoins to compete against Tether and Circle. I predict that Paypal will be very much dominant on stablecoin issuance in America.

In any case, on sanctions, it appears Ukraine has sanctioned 60 Russian companies in the cryptospace that have been helping evade restrictions. I very much wish that this will not become a big concern for America because this might cause another crackdown on who are helping these Russian companies which might cause another big dump on bitcoin.



President Volodymyr Zelenskyy has signed a decree introducing sanctions against individuals and legal entities that have helped Russia withdraw assets through cryptocurrency.

Sanctions were introduced against 60 companies, 55 of which are residents of the Russian Federation.

19 of the sanctioned entities are major cryptocurrency miners involved in schemes to bypass sanctions;

17 are operators of information systems for issuing digital financial assets, some of which are already under US sanctions;

19 are part of Russia's financial infrastructure: manufacturers of payment equipment, organisers of blocked asset exchanges and intermediaries for international payments under sanctions;

5 are crypto exchange operators involved in sanctions evasion.

The list also includes five companies that are not residents of the Russian Federation but are involved in helping it evade restrictions, some of which are already subject to US sanctions.

TOKENTRUST HOLDINGS LIMITED (Cyprus) – under US sanctions since 25 March 2024;

EXMO RBC LTD (Kazakhstan) – operator of the EXMO.me crypto exchange, active in the markets of Russia, Belarus and Kazakhstan and involved in sanctions circumvention;

AWX Solutions FZ-LLC (UAE) – operates the crypto exchange AWX.pro (formerly AWEX), under US sanctions;

Crypto Explorer DMCC (UAE) – under US sanctions, operates the AWEX exchange and facilitates the conversion of cryptocurrencies, roubles and dirhams in the UAE;

Bitpapa IC FZC LLC (UAE) – a peer-to-peer crypto exchange aimed at Russian users, under US sanctions.

Read in full https://www.pravda.com.ua/eng/news/2025/07/6/7520425/#

I already wrote a few posts ago that I admitted my mistake in using the wrong term - sanctions. And now you remind me of it again. Why?

I usually back up all my arguments with a link.
The American government doesn't care how many companies issue stablecoins, but the condition for all will be the same - about 80% of assets will be in treasuries. This is a great deal for the US government.

If we comment on your post about sanctions from Ukraine, then Russia is already breaking all world records for sanctions from other countries, but you yourself can read in your news how these sanctions are easily overcome.

It appears that you are not reading my replies very closely. You implied that I was tense, I only replied that I was not tense because I stopped taking your argument seriously after you have been proven wrong and sanctions and tariffs.

In any case, on stablecoin issuance and the type of assets that should be backing this are dollars, short dated US treasuries and FDIC insured deposits. However, I have not seen an article that mentions that 80% should be in US treasuries. If anyone can confirm, share the source.

On how sanctions can easily be overcome, as I have already mentioned this is where my fears come from because it will be a big concern if another crackdown will occur and cause another dump on bitcoin and the cryptospace.

Let's look at the public reports of the largest companies. You will see that the share of American treasuries there is more than 80%, I assume that this will be an unofficial condition for other companies.
https://www.circle.com/transparency
https://tether.to/en/transparency/?tab=reports
The thread included links to statements by Trump and his son about Treasuries.
___
We need to take into account different national characteristics. In Russian, the words "You are tense" are treated as a light joke, and no one takes it seriously :)

@zasad@. You assume that there is an official agreement does not imply that this might be real because it can also be implied that the companies are holding their assets backing stablecoins in 80% US treasuries because they value very much highly these bonds from the American government.

Also no, if you are serious or not, I am not tense hehehe.

I see that you need an official document for everything, but business works by different laws.
If the main players in this market use such a reserve ratio, then most likely new players will choose something similar. I am not saying that 80% is a magic number,
but I assume that the amount of reserves in treasuries will tend to this level.
Why does the US government need a company that will print digital dollar tokens and store its assets in dollars in an American bank?

@zasad@. It is not because I need an official document for everything. This is because if people expect everyone to read all of the information other people will share and trust that this information is real, we can be certain that there will be much misinformation happening in the forum or much of the wrong information will be circulating.

Also, is it not the saying for this community is do not trust, verify? It is also headshaking that not verifying is advisable if this serves only you.

If a person needs official information, he can make an official request to a specialized organization, use the advice of licensed specialists, and so on.

A person's opinion cannot be wrong, because it is an opinion. That is why there is a forum, for exchanging opinions.

I am doing business in my country. When a new direction appears, then first general laws appear, then explanations and judicial practice, then additions appear that eliminate conflicts in the basic law.

After 3-5 years, the general rules become clear, but then the market is no longer new and the competition is huge.

If, for example, I wanted to issue stablecoins in the USA, then one of the business models would be such that I would have to keep 80% of assets in treasuries.

@zasad@. I am not saying you are wrong, however, information according to someone's opinion that cannot be verified is only an opinion which can be wrong. Can you tell everyone presently that you are very much correct that all stablecoin issuers have an unofficial agreement with the American government to hold 80% of their stablecoin backing in US treasuries? If you will say yes, can you verify this or is this only a speculation of yours?

If you say that this is only a speculation, I can agree with you and I can understand why you say this. However, it would be wrong to say that this is true without verification.

I can explain my opinion, in fact, there are no informal agreements. For example, in my country, if a business has certain indicators below the norm, then this company is actively checked by inspectors, thus regulators give a signal to other companies.

https://www.msn.com/en-us/money/news/treasury-secretary-scott-bessent-sees-stablecoin-market-surging-past-2-trillion-as-senate-advances-dollar-pegged-crypto-bill/ar-AA1GyJ2E
Treasury Secretary Scott Bessent Sees Stablecoin Market Surging Past $2 Trillion As Senate Advances Dollar-Pegged Crypto Bill
"I believe stablecoin legislation backed by U.S. Treasuries or T-bills will create a market that will expand U.S. dollar usage via these stablecoins all around the world," he added. "I think that $2 trillion is a very, very reasonable number, and I could see it greatly exceeding that."

Many senior US officials are already talking about the fact that stablecoins should be based on treasuries. This is a signal, and probably the company that will receive the necessary permission the fastest is the one where the percentage of purchased treasuries will be at a similar level.

@zasad@. It appears that I am beginning to agree with your opinion or speculation that the Donald's support of stablecoins and the cryptospace is to create a new market for US treasuries. This will certainly remove much of the American government's reliance on the Federal Reserve and the American traditional financial system hehehe.

This certainly will be very bullish for the cryptospace because the inflows of dollars printing will be directly be in the cryptospace. I predict that in the future we might witness bitcoin pump first before anything else. This will be the leading indicator of market bullishness.

I am glad that you agree with my opinion, but then we should think about how dangerous it will be for cryptocurrencies.
For now, the companies Tether and Circle are freezing stablecoins of hackers and scammers, but this is a very small part of the total amount.
After all, the US government may then demand freezing of most wallets and require documentary confirmation of the legality of ownership of these stablecoins.

I have no evidence for this, and I do not think that it will happen so quickly, but if trillions of dollars are lured into this market, and then part of the stablecoins are confiscated, then this can reduce the US national debt.

@zasad@. Agreed. I have also argued on this before, where I said that stablecoins might function very much similar to a CBDC and the government might have tricked the people again after their rejection of the CBDC hehehe. However, it will be complicated because there are laws that also protect the consumers and Tether and Circle are institutions that want to have a growing revenue. They cannot have this if their company is not trusted by the people. It will be a competition on who can give the best product.

On the national debt hhehehe, the American government has no intention on paying this. A president can declare that he wants to reduce this and he will appear that he is doing something to reduce this but he will only increase this because this is what they do hehehehe. This might also be why the Donald wants a stablecoin law. This will create a new market for government debt hehehe.

Stablecoin can still be used anonymously, but this is impossible with CBDC.
Let's think about it, most countries want to implement CBDC and total control, but there is a good alternative in the world in the form of stablecoins.

The US national debt is growing despite all the blah blah blah of the president and senior officials. For now, the US can pay interest, but what will happen next?

@zasad@. On what next, the American government will continue to print money to pay for the interest rates and with the legalization of stablecoins, they have a new platform from where to print money. They will not anymore be dependent on the Federal Reserve.

It appears that we also have a big week. The house of representatives will vote on the Clarity act and the Genius act on wednesday and thursday. There is also the antiCBDC act. These political occurrences might pump or dump the market heheheh.



House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday

While that last necessary vote on the stablecoin bill known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act would send it to President Donald Trump's desk to be signed into law, it's the bigger bill — the Digital Asset Market Clarity Act — that is the top concern of the crypto industry.

Also this week, the House was prepared to pass another bill that would ban a U.S. central bank digital currency (CBDC). Republican lawmakers have made the case against the Federal Reserve issuing a digital dollar that they've said might compete with U.S.-issued stablecoins and could give the government financial surveillance abilities over citizens.

Read in full https://www.coindesk.com/policy/2025/07/14/house-gears-up-for-crypto-market-structure-vote-on-wednesday-stablecoins-thursday

I agree with you, but as a result of this, the American government will only slow down the train that is rushing into the economic abyss. If the law is passed, the stablecoin market could grow to several trillion in a couple of years. And accordingly, the capitalization of the crypto market will also grow significantly.

@zasad@. All of these people behind the American government and the their traditional financial system in the past, in the present and also in the future know already that their national debt will never be repaid. However, they also know that they have a cheatcode on the system because they know they can print the currency on what currency they have the debt on. This will not stop and the value of the American dollar will always go down. This is certainly why bitcoin was created by Satoshi.

The US national debt is now comparable to the capitalization of almost 100 of the world's largest companies. This debt is impossible to repay in principle.
I look at Bitcoin, I like decentralization, but to be honest, I really don't like that 5 pools control more than 75% of the hashrate. And then another 15 pools control the remaining 20-24% of the hashrate.

I used to laugh at the BNB chain, which has 25 validators, and here there are even fewer.
If suddenly 5 large pools want to arrange a surprise, they will do it. And in the world there is not even a criminal penalty for this.

@zasad@. Agreed. Also, the distribution of bitcoin is becoming centralized and this will continue because of the monetary policy chosen by the creator Satoshi Nakamoto. I speculate that if he can change this, bitcoin will have a monetary policy similar to Grin.

As an experimental hypothesis, Grin's inflation rate may discourage hoarding early on, improving its distribution. Inflation disincentivizes "whales," who have an inordinate amount of control over the price of an asset, and should act to downplay speculative bubbles and price swings. Early adopters get just as much out of grin as those who adopt later. This argument is discussed at length in Bitcoins are not digital greenbacks, in which Wei Dai himself considers "Bitcoin to have failed with regard to its monetary policy". Grin is aiming for as equal access and utility as possible for all users, now and in the future.

Constant emission could provide enhanced supply/demand certainty for all types of users, and allow transparent and natural pricing. Note: Bitcoin becoming widely usable as a method of exchange versus a strict store of value depends on the concept of "Keynesian beauty contests." The experiment is ongoing.

Source https://docs.grin.mw/wiki/extra-documents/monetary-policy/



In any case, it appears there is a resistance on the Genius act. This will certainly cause a dump on bitcoin and the cryptospace. The Donald said he has talked to the representatives and they will vote on the passing of the bill, however.



House Speaker Mike Johnson (R-La.) abruptly canceled Tuesday's remaining floor votes as opposition from a group of right-wing Republicans stymied efforts to send legislation establishing a regulatory framework for stablecoin issuers to President Trump's desk.

Read in full https://www.axios.com/2025/07/15/house-genius-act-vote-derailed

Everything decentralized eventually becomes centralized.
Almost 75% of all bitcoins were mined in the first 8 years, but no one took it seriously back then. I bought the first bitcoin in 2015 at about $200 on average, and many other people bought it, but no one kept the coins even until they reached $20,000.

News update.

This is a victory for the cryptospace. It has now clarity in regulations and legality in America. We can be quite certain many countries and jurisdictions will follow America similar to what has occurred during the passing of bills, on the legalization and regulation of the internet on 1997-1998.

There will be a bubble inflating pump that will come after this. I very much wish it will be years before a bubble pop occurs.



Genius, Clarity bills sail through House in major win for crypto

In a historic victory for crypto, the House of Representatives approved three industry-backed bills on Thursday, one of which President Donald Trump will sign Friday afternoon.

Two of the bills drew significant — an unexpected — bipartisan support.

The Clarity Act, which would install the Commodity Futures Trading Commission as the industry’s primary regulator, passed 294-134.

Read in full https://www.dlnews.com/articles/regulation/crypto-bills-sail-through-house-in-major-win-for-crypto/

Excellent news, but it did not cause much euphoria on the crypto market. Although I think that the price increase was played out in advance. Now it will be interesting to see how many more players will want to come to this market and how they will compete with the market leaders. I don’t understand why the market needs 5-10 more USDC variants.

@zasad@. This is what I have been arguing. The present market is very headshaking because if all of these good news occurred on 2021, we can be very much certain that bitcoin has pumped to $200k already! We have witnessed this repeatedly on 2024 and 2025. After a good news, there will always be a big dump to stop the pump.

This will also be why I speculate that the next pump that will make it appear that the dumpers have stopped might be the pump where there will be a bubble pop.

bbc.reporter, I'm still watching this circus. The trend is bullish for now.


Citi – TOP-3 US bank
https://www.msn.com/en-us/money/companies/citigroup-considers-issuing-its-own-stablecoin-ceo-says/ar-AA1IFI3L
Citigroup considers issuing its own stablecoin, CEO says
Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank's CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday.

"We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where we're very active," she said. "This is a good opportunity for us."

@zasad@. It is the beginning. Did they mention which blockchain they will use to issue their stablecoins? I predict that this will be on Ripple because it appears that they have created a few banking partnerships already. However, this might also make this an isolated issuance because there no ways to bridge from Ethereum or Solana to Ripple.

Citi might be correct, it will only be a good opportunity for them if this is in Ripple because if this is issued in Ethereum or Solana, their stablecoin will certainly create liquidity inflows through Curve or Aave and the others hehehe.

Where were you able to spend it? The market places didn't even open up less then a few years ago.

If you are interested, in 2015 there were many exchanges and all were without KYC.
For example polonex, yobit, if necessary I need to look at my old accounts where I traded. And I definitely used 5-6 exchanges and dozens of money exchangers, which sent me money by transfer to a bank card without any problems. Then it was a great time, no control from banks, states and tax inspectorates.

Stablecoins USDT and USDC use different blockchains. According to my logic, Citi probably won't lag behind its competitors either.
"To consider the possibility" in Russian means blah blah blah. That is, it's most likely more no than yes.
Maybe in English it should be understood differently, but for now I'm watching :)

@zasad@. I reckon that this not only blah blah blah for Citibank. They are top 3 bank in America with international branches. If they do not join the stablecoin business they are risking becoming only a top 4 or top 5 bank if the other banks begin their own stablecoin business.

Stablecoins have become a big business with Tether having a net profit of $13 billion on 2024. They also have only over 100 employees hehehe. This implies that the expenses for doing this business is very low but the profit is very high. It will be very headshaking for Citibank if they will say no to this.

I agree with you that Citibank is most likely interested in this business. But here's the problem: Citibank issues stablecoins Citi USDT and who needs them?
There are many problems with competition in the market and how to make users choose their stablecoins instead of the well-known USDT and USDC?

@zasad@. On who needs them, I reckon their clients because instead of a CBDC, they can use virtual payments through their issued stablecoins. However, I am not certain on their implementation but we can be quite sure that if they decide to enter the stablecoin business, they have a roadmap for this already.

In any case, Polymarket is also speculating on whether to issue their own stablecoins hehehe. I reckon yield products for much these stablecoins will be another big storyline for the cryptospace.



Polymarket, the cryptocurrency-powered prediction market that recently attained a billion dollar valuation, is deciding whether to introduce its own customized stablecoin, or accept a revenue sharing deal with Circle based on the amount of USDC held on the platform, according to a person familiar with the plans.

Polymarket’s motivation to create its own stablecoin is simply to own the yield-generating reserves that back the large amount of Circle’s USDC dollar-pegged token used to make bets on the popular betting platform, the person said.

Read in full https://www.coindesk.com/business/2025/07/22/crypto-prediction-market-polymarket-weighs-launching-its-own-stablecoin-source

Everything here is logical. Stablecoin is a token issued by Circle. Circle makes a profit because it invests in US treasuries, and all USDC users give interest-free loans to the US government :)
Polymarket also wants to get a share of the profits.

Similar to what I have been arguing before, China will fight for dominance on technology including blockchain technology. Presently that America has made their roadmap in the cryptospace, it appears China has began moving also hehehe. However, they are not very aggressive on their moves because they are using Hong Kong as their proxy. If they want dominance, Beijing should order Shanghai to open direct for the cryptospace.



China plans to allow the launch of its first stablecoins in a bid to internationalise the renminbi and compete against the US dollar, per a Financial Times report. Hong Kong regulators recently passed a law allowing licensed businesses to issue tokens backed by any fiat currency. After years of excluding the crypto industry from traditional finance, this regulatory framework enables China’s crypto reentry through controlled channels while mainland restrictions are still being maintained.

Chen Lin, director of the Centre for Financial Innovation and Development at the University of Hong Kong, says that China as a whole has become very interested in crypto, especially stablecoins.

Read in full https://watcher.guru/news/china-to-permit-launch-of-its-first-crypto-stablecoin

China is already late. To catch up with the US, they will need to lift all restrictions and allow mass use of cryptocurrencies.
And this will have to be implemented not only for Hong Kong, but throughout the country, as is done in the US.

China has a huge amount of treasuries, why don't they print their own stablecoin?

@zasad@. I reckon if China will issue their own stablecoin with the backing of US treasuries, this will only create a setting where China is arguing positively for America and the correctness of the Donald's roadmap for the cryptospace hehehee. This will be an admission that America is the leader in blockchain. The Xi of the Jin and the Ping will never do this.

Also, China wants to dump much of the US treasuries that they have. Issuing a stablecoin with the backing of US treasuries will imply that China will buy treasuries later. They cannot do this considering the Donald's tariff war.

China and the US are first and foremost trading partners, despite all the contradictions. But China has an 8-times larger population and a more advantageous location than the US. China is good at copying and catching up with competitors.

I don't see any mass adoption of stablecoins yet, $278 billion is not much on a global scale. And Trump has a little over 3 years left as US President.

If China is a boxer, it appears that it wants to enter the ring to fight in the cryptospace hehehe. The implementation of this is very important because if they are very much strict on usage with many locks, freezes amd censorship which China is very much known of doing on their citizens, I reckon this will not get much adoption. The Chinamen will choose bitcoin over a stablecoin where they risk their wealth to the frozen by the administration of the Xi of the Jin and the Ping.



China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.

The State Council - China's cabinet – will review and possibly approve a roadmap later this month for the greater usage of the currency globally, including catching up with a U.S. push on stablecoins, said the sources.

Read in full https://www.reuters.com/business/finance/china-considering-yuan-backed-stablecoins-boost-global-currency-usage-sources-2025-08-20/

The Chinese are very cunning. According to the news, they ban cryptocurrencies, but Chinese intermediaries happily accept cryptocurrencies. I can choose any product in Chinese stores and write to an intermediary in CHINA. In 4 weeks the product will be at my home. The only way to pay is cryptocurrency. Sanctions :)

The same goes for goods from Europe and America. It will take longer, as the goods will travel through several countries.

@zasad@. Yes, this is very good for the people very much similar to us who are only small minnows hehehehe. Before the cryptospace, only the rich can move their money through their connections with the traditional banks. The small minnows will need to comply to money laundering rules where they can ask many questions about your transactions if they reckon you are suspicious. They can also freeze your funds and not allow you to use their service. It is also very good that the Donald is supporting the cryptospace. He also declared that the banks can be sued if they do not allow their services to be used for crypto.

Now I can't imagine how to work with banks. Even in Russia there is very strict currency control. If I want money even to a neighboring country that has not imposed sanctions, then the bank will ask me for a lot of documents, from a contract to acts and documents for the goods, and then a specialist will check it for up to 10 days.

@zasad@. Yes you are only a small ordinary minnow who does not have much money. They will be more strict on you to prevent money laundering and charge you more fees hehehehe. You are not part of them.

The people who have much money, the banks will not care if you are a criminal, the bank will give you special services like wash your money and move it to wherever you want this to arrive. They will also waive much of the fees heheh.

Moneylaudering might be their profitable secret business and they consider bitcoin and the cryptospace as a competitor for this. Also, they do not like the occurrence where small minnows can move their money freely to any jurisdiction.



JPMorgan Chase has agreed to pay the Malaysian government approximately $330 million, without admitting liability, in a settlement for its role in the 1Malaysia Development Berhad scandal.

On the same day as the settlement announcement, Switzerland’s attorney general issued a summary penalty order that fines JPMorgan Suisse 3 million Swiss francs — or about $3.7 million — for “failing to take all reasonable and necessary organisational measures to prevent acts of aggravated money laundering” between October 2014 and July 2015, according to a Google-translated statement from the attorney general’s office.

Read in full https://finance.yahoo.com/news/jpmorgan-pay-330-million-malaysia-200942848.html

In Russia, the law is strict for anyone who takes money out of the country. It used to be very easy, but now the controls have become more stringent.
Large corporations have entire departments that constantly prepare documentation for banks.
For example, I don’t even have to try to overcome the difficulties, I’ll go to a trusted intermediary, tell him what I need, and he’ll bring it to me from any country. I can pay from a bank account, but then I will pay 8-10% more. The most favorable conditions are payment in USDT.

Proponents of the GENIUS Act must be very happy because the Department of the Treasury is seeking to make DeFi into a permissioned system with on-chain KYC verification and requirements to abide by the Banking Secrecy Act.

Congrats on this. Seriously.

https://www.therage.co/treasury-digital-identity-defi/

https://www.talkimg.com/images/2025/08/24/UZkeKI.png

@FinneysTrueVision. It is very much similar to what I have argued years before where the government will make these stablecoin issuers as something similar to their deputies and control how much inflows and outflows goes in and goes out of the cryptospace.

It appears that we are witnessing this becoming a real occurrence.

@FinneysTrueVision. If stablecoins start implementing KYC procedures and forcing DeFi projects to do the same, there will be a large outflow of capital from this area. Smart contracts cannot be blocked, so new stablecoins will appear that will not comply with these requirements.

@zasad@. Yes, I would also like to read some more articles on this because the stablecoin issuers and all of the DeFi developers does not have this type of concern this article appears to be spreading. I reckon this might be something similar to fud like this Twitter account they call Bitfinexxed on 2017. He said that USDT will fail, however, we have not witnessed this. We can accept this as speculation similar to the speculation that the digital asset treasuries will cause a market bubble then the bubble pop heheheheh.

I saw an update for DeFi projects with a whitelist. The idea is to first go through the necessary procedures to get on the whitelist and then have access to the project.

I also prefer to watch not only the statements, but also what is actually happening. So far, nothing significant is happening. An interesting point is that if treasuries are needed as collateral before the release of stablecoins, the government can cut the interest.

I don't think this bubble will burst. I've looked at different data, and over 60% of treasuries are owned by Americans and American companies. The US government can't afford to bankrupt its country and its citizens.

@zasad@. I am quite certain that if much of the projects' founders will speculate that there will be very concerning occurrences because of the GENIUS ACT, this news should have made circulation already. How very affecting in the cryptospace this might be is presently only speculation.

Also, if this is real, this will only be imposed on users who are under the American jurisdiction. This is not very concerning for much of the users in this world hehehe.

I agree about the American jurisdiction, but there is a big problem here. Over time, this will be implemented first in Europe, and then in Asia. There are a lot of risks after the change of the president in the USA. But if you look at the development of cryptocurrency control, there will be less and less freedom every year.

@zasad@. Agreed on problems and the change of administration especially if the next president is a Democrat. However, the changes will be limited only on the executive department. The GENIUS act is a bill created in the legislative department that was signed into law already. The president cannot change laws created in congress.

In any case, on European and Asian countries having their own stablecoin bills and having administrations that are procrypto, this would certainly be bullish but I reckon this will occur after more years after witnessing the effects of the GENIUS act in America.

I think about it like this. If other countries lag behind the US, then many people will buy businesses, property, real estate in other countries for US stablecoins. I don't think that's a problem. In the end, the purchase will be for US debt derivatives. The very first problem I see is additional inflation around the world, where stablecoins can be used.

@zasad@. On our discussion before about the banks and why they do not like the procrypto agenda of the Donald in America. I speculate that this is one of the reasons why. The banks want to control the flows of money, legal and illegal. The cryptospace is competing against them on this.

If they used stablecoins, the fees on these flows if they went to different DeFi platforms would be very good for liquidity providers' yield hehehehe.



Chinese money launderers appear to have moved some $312 billion in illicit transactions through U.S. banks and other financial institutions in recent years to aid Mexican drug cartels and other criminals, the Treasury Department said.

This growing marketplace connecting dirty cash from Mexico’s drug cartels to Chinese expats looking to get their savings out of China is drawing scrutiny from the Trump administration, which wants banks to help crack down.

A Wall Street Journal report earlier this year highlighted how one such network was able to make five- and six-figure deposits at tellers’ windows throughout Los Angeles county.

Chinese money-laundering networks are now the dominant player in an illicit money-services industry that criminal groups like the Jalisco New Generation and Sinaloa cartels use to move profits from drug sales, according to the Treasury.

Read in full https://www.wsj.com/finance/regulation/chinese-money-launders-are-moving-billions-through-u-s-banks-cf617283

Of course, big banks have their reasons for not letting the crypto industry develop, but banks understand perfectly well that if they lag behind progress, they will go bankrupt.
0.312 trillion is not such a big amount of money for American banks.
I looked at interesting facts about naccocortels and how they use unmanned sea drones to deliver their goods to all countries of the world. And this became possible thanks to the Internet from Elon Musk.

Gadsden Flag revisited..?

Another conspiracy theory that has been spreading on why the Trump family is supporting the cryptospace because the family speculates that there are powerful people in America that are going after the Donald and his family. They also speculate that once he is not anymore the president, these powerful people will go after his bank accounts and freeze them. The cryptospace gives Trump a method to move his family's wealth where the powerful people behind traditional finance cannot touch them hehehehe.

We also should not forget that these powerful people have tried to kill Trump in the assassination attempt when he was in a political campaign in Pennsylvania.  

In politics there is always a struggle for power, in any issue there is a conflict of interests. Trump also threatened to show past presidents and his assistants, but this remained rhetoric.

I think that influential people don't work so dirty.
https://www.msn.com/en-ph/politics/elections/social-media-rife-with-conspiracy-theories-after-16-candidates-die-ahead-of-german-local-elections/ar-AA1LXw8l
"The election supervisor in the western German state of North Rhine-Westphalia has told the media that the authority is aware of 16 candidates dying in the run-up to this month's local elections.
Elections will take place in the state on 14 September and voters will choose district, municipal and city councils, as well as mayors in most cities and district administrators."

@zasad@. However, the occurrences on those politicians is a different story and I reckon this cannot be compared to the assassination attempt on the Donald. There are certainly very powerful people in America who do not want the Donald to become president, the most powerful political position in the world.

I speculate that because the assassination attempt failed, these powerful people against the Donald will have other attempts to get him. The most effective attack is on a person's bank accounts hehehe.

It doesn't matter at all who wants what. If these influential people couldn't remove their opponent, then they are not so influential.
Now Trump is the most influential figure in the world, that's a fact, and now he can create a lot of problems for those whom you call influential people. Now these people will sit quietly and wait for Trump's term to end. And they are lucky that in the US a citizen can only be president for 2 terms :)