Bitcoin Forum

This anticrypto grandma Warren is very headshaking. I am quite and 100% certain that the unintended consequences in her mind is the cryptospace will cause a big decrease on the profits for her backers which are the big banks and big traditional finance firms on Wall Street hehehe.

The Democrats accuse the Donald for supporting the cryptospace because he will profit from this? This might be true, however, the Democrats are protecting traditional finance because Democrats also profit from this.



BlackRock CEO Larry Fink said it’s the “next generation for markets.” Senate Democrats fear it could cripple the US financial system.

The tokenisation of stocks and bonds took center stage Wednesday when lawmakers on the Senate Committee on Housing, Banking, and Urban Affairs discussed so-called market structure legislation, which would settle a long-running debate over the regulatory status of crypto in the US.

“It’s critical that any crypto regulation bill we pass does not have massive unintended consequences,” Senator Elizabeth Warren, a Democrat from Massachusetts, said.

Read in full https://www.dlnews.com/articles/regulation/senate-dems-sweat-tokenisation-in-market-structure-hearing/

Trump has the majority of votes in the Senate, so all the necessary laws that Trump is pushing will most likely be passed.

The US needs investments to issue more treasuries and increase the budget, but this is a really difficult step, the consequences of which are very difficult to calculate in the future.
The US has very large expenses and very large payments on the national debt. This train can be slowed down, but it is very difficult to stop (https://bitcointalk.org/index.php?topic=5545895.msg65492201#msg65492201)

This article appears to continue the grandma Warren's anticrypto agenda hehehe.

This is very headshaking for the Democrats because this very much is only corrupt officials pointing fingers at the other officials which are also corrupt and telling everyone that they are corrupt hehehehe.

If a politician is not included in the corruption, he will point a finger and complain about the corruption. However, if the same politician is included in the corruption, he will defend the corruption and declare that the corruption is good.



House Democrats are launching a counter-campaign to the Republican-led “Crypto Week,” accusing the GOP of enabling corruption and deregulation in service of President Trump’s crypto agenda.

Representatives Maxine Waters and Stephen Lynch announced “Anti-Crypto Corruption Week” on Friday, vowing to oppose three digital asset bills set for House votes next week — the Clarity Act, Genius Act, and Anti-CBDC Surveillance State Act.

Read in full https://www.dlnews.com/articles/regulation/democrats-push-back-trump-crypto-bills-corruption-week-blitz/

The Democrats have an argument that since President Trump is also in crypto the bill will legitimise his crypto projects like TRUMP memecoin, World Liberty Financial, and American Bitcoin. Both son's of President Trump i.e. Eric Trump and Donald Trump Jr. are very much active doing business related to crypto like both co-founded American Bitcoin which is an industrial-scale mining firm in partnership with Hut 8.

Such allegations are common from opposition benches and government has to either reply them or ignore them (in case government doesn't need support of opposition votes).

https://www.bloomberg.com/news/features/2025-07-11/trump-s-crypto-link-with-binance-raises-conflict-of-interest-questions
Reading is paid, AI has highlighted the main ideas:
"Binance (#BNB) actively supports the World Liberty Financial project.

The exchange developers wrote the base code for the #USD1 stablecoin issued by World Liberty Financial (a smart contract for issuing tokens).

In May, an investment company from the UAE used USD1 to buy a share in Binance for $2,000,000,000.

More than 90% of the issued USD1 stablecoins are stored in Binance wallets and generate income in the form of interest.

Binance promoted USD1 among its 275,000,000 users and included the token in a campaign with zero fees.

Conflict of interest - in May, CZ applied for a pardon. The only person who can pardon him is Trump, whose family benefits from cooperation with Binance."


Continuation
https://cointelegraph.com/news/cz-rumors-coinbase-bloomberg-trump-stablecoin-report
"Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance.

In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US market would threaten their market share, prompting efforts to undermine competitors."

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This is a war for new financial world domination :)

This is certainly why I cannot leave the cryptospace. Everyday is always something thrilling, suspenseful, exciting, scary, disappointing and there is always something new and there is always something changing hehehe.

On something exciting, what new project are you excited to see created in the cryptospace? I reckon what is very exciting for me is the Converge blockchain which is backed by Blackrock's Securitize and Ethena. This is where they will launch RWA and I speculate they can be traded on their DEX Ethereal.

If you look at RWA statistics, then more than 7 billion are in the Ethereum ecosystem
https://app.rwa.xyz/
Ethena is compatible with EVM and I have no doubt that this market can grow to 100 billion or more in the near future. This market is growing in geometric progression

@zasad@. Also, on the Converge blockchain, what might be very good for this if you are a longterm investor is this might be available to invest on 2026 where market conditions have a chance to have become bearish. This will certainly imply that you will be buying on the bottom of the market hehehe.

In any case, this Democrat wrote a long dear diary on why the politicians in his party should embrace crypto. The skeptical me thinks he is a bitcoin holder heheheheh.



Democrats Must Embrace Crypto: Terry McAuliffe

As a lifelong Democrat and former Governor of Virginia, I’ve always believed our party should be on the side of growth, innovation, and economic opportunity. That’s why I’m concerned that too many Democrats are standing on the sidelines or standing in the way of one of the most transformative financial innovations of our time: blockchain and cryptocurrency.

This isn't just about winning elections – though that matters – it's about ensuring America leads the next generation of innovation and creates a platform for Americans to own their financial future. At the dawn of the internet era, the United States led the way with innovation friendly regulation and because of that we are home to nearly every major player in the online industry. Today, other nations are moving quickly to establish themselves as crypto hubs. We can either help shape this future or let the next Silicon Valley be built overseas.

For Democrats, this is a moment of choice. We can continue down our current path of skepticism and resistance, or we can embrace the transformative potential of cryptocurrency while ensuring it develops in alignment with our values of fairness, inclusion, and innovation.

Read in full https://www.coindesk.com/opinion/2025/07/14/democrats-must-embrace-crypto-terry-mcauliffe

If I were to invest in altcoins, I would choose Ethereum. All projects will work with this ecosystem anyway.
(not financial advice)

I don't trust politicians in my country, but Trump has set a record as a politician who can change his mind at any moment.

I won't even be surprised if Trump soon says that Bitcoin is a global evil, because we don't know who owns half of all the coins in circulation. So let's fight evil before it takes over the world ;D

@zasad@. You are correct on Trump or any politician. However, the Donald, his allies and his sons have a financial interest to make stablecoins legal and to create regulatory clarity. He can say that bitcoin is a global evil but he cannot do anything to reverse the legalization of the cryptospace in America if the bills are signed into law already hehehe.

Corruption itself is nothing new; we've just moved from central banking corruption to crypto corruption. ;)
In the end, it's all about money. Supporters of the old banking system argue that cryptocurrencies are harming the US dollar simply because they receive financial support from central banks and companies based in the old system, while pro-crypto politicians advocate for passing these laws because they receive support from crypto companies.

In the end, it's a war between traditional financial companies represented by central banks and new crypto companies, and politicians are merely tools in this war.

I think Donald Trump and his colleagues are interested in the right longs and shorts. The words of the American president influence all world markets, and if you know what Trump will say tomorrow, you can become a billionaire :) We will continue to hear many more interesting statements.

If I am being honest I do not care about the type of corruption if this will increase the inflows of fiat in the cryptospace and also increase the issuance of stalecoins to pump bitcoin very much highly hehehehe. In any case, we are witnessing this occur already. This is crime season in the cryptospace and if you are not speculating on to hold cryptocoins, I reckon you will miss your chance to make money from the pumps.

@zasad@. Is the Donald the new John McAfee hehehehehehee.

The cryptocurrency market is very small, its entire capitalization of almost 4 trillion dollars is fictitious.
I would estimate the real capitalization at 0.26 trillion dollars - like the capitalization of stablecoins, but we must not forget that about 80% of this amount is already frozen in treasuries and it will be very difficult to take them away.
This is a large inflated bubble. But the stock market is already a larger market in terms of capitalization

I respect your point of view, but I disagree that the cryptocurrency market capitalization is illusory and that its real capitalization is estimated at only $0.26 trillion (the capitalization of stablecoins). At least not for Bitcoin.

I know that the cryptocurrency market is highly volatile, and this value could decline at any time due to price declines. However, don't forget that Bitcoin alone represents $2.49 trillion of the total market. Adding the $0.26 trillion in stablecoins would give us at least $2.75 trillion (excluding all altcoins).

It's true that Bitcoin is also volatile, but as you know, in the long term, it has only an upward trend, and its market value is constantly increasing. Even if a correction occurs, I don't expect it to be significant or long-lasting.

On your argument that this is a large inflated bubble, I very much agree. However, I would also argue that it is not yet too inflated hehehee. But it is already beginning. These dead companies that are being given life again and start buying bitcoin and other cryptocoins to hold in their treasury to pump their own stock is creating the next big bubble pop.

On when will this bubble pop occur, we cannot be certain. If there are people predicting the bubble pop, it is not yet the time. However, if the same people are very much bullish like there will be no bubble pop, this will be the time hehe.

If we assume that a few more old wallets will wake up on the market and sell 200-300 thousand bitcoins on exchanges, then the capitalization may fall by 20-40%. The most interesting thing is that the recent wallets that woke up transferred the coins to OTC Galaxy Digital.

I also think that the bubble is too small, and it can attract many more hamsters.
And then we can say this is what decentralization leads to :) So welcome to safe digital slavery.

I agree with you on the first point, the activity of old wallets containing large amounts of Bitcoin will lead to a decline in the price and market value. There are also concerns (still theoretical) that Satoshi's old wallets, which contain approximately one million Bitcoins, could be hacked using quantum computing and the entry of this amount into the market would undoubtedly cause a sharp decline in the price.

For the second point, yes, I heard news yesterday about a Bitcoin whale who became active after 14 years and transferred 40,000 BTC (worth approximately $4.7 billion) to OTC Galaxy Digital. But transferring Bitcoins outside the market did not significantly impact the price and these Bitcoins circulating outside the market are still part of the total supply of Bitcoin.

Satoshi's 1 million bitcoins are stored in many wallets, and it is possible that these wallets are not Satoshi's but people from his team, access to which is not lost. I do not think it is possible to hack all the wallets at once.

If I were selling my old bitcoins, I wouldn't send them to OTC Galaxy Digital. I can only assume that the owner wasn't a random computer geek.

Hehehe yes, however, similar to what we have noticed, the price pumps on the cryptospace are not much following the hype. I speculate that the next pump if there will be no usual resistance that have occurred for this present bull market might be the pump that will inflate the bubble and cause the big bubble pop that will make the cryptospace enter the bear market.

I reckon there will also be other big holders who will dump their coins.



Britain’s Chancellor Rachel Reeves is considering a large-scale sale of seized Bitcoin in an effort to help address the “black hole” in the country’s public finances, according to the British newspaper The Telegraph. Estimates place the value of the seized crypto at over £5 billion ($6.7 billion). This move could provide a significant boost to UK government coffers as it seeks ways to balance the books amid rising borrowing costs and sluggish economic growth.

Read in full https://cryptoslate.com/uk-government-eyes-5-billion-seized-bitcoin-sale-to-manage-fiscal-shortfall/

I see a pump in the major coins so far.

AI gave information about the UK budget:
"2024 Budget
Total spending: £1,278.6 billion

2025 Budget
Total spending: £1,335 billion"

£5 billion for the UK budget is such a small thing. On July 15, 2025, more bitcoins were sold on OTC from old wallets from 2011, this slightly lowered the price, but did not have a big impact on the market.

@zasad@. It appears the pump on Ethereum and Solana has been sustained because of ETF buyers for Ethereum and the speculation of near approval on Solana ETFs. However, on Bitcoin it appears that the pumps have been received with resistance after the pump has ended in July 14 hehehe.

Does this imply that altcoin season has arrived? Solana is back on $200 already and Ethereum might pump to $4000 next week or it might also reach this before next week.

I don't see an alt season yet. X2 is not the result that altcoin hodlers expect.

I can't figure out who's paying for this whole party yet. Almost 96% of Bitcoin hodlers are now in profit.

@zasad@. It appears that you were very much correct! Altcoins have clearly been dumped on the late buyers' faces with their mouths open. They are presently holding with a loss and the market will certainly test their patience heheh. If they will not witness the next pump within 1-2 weeks they will certainly also sell with a loss before the market can pump again. This will cause the late buyers before to be late buyers again hehe.

I don't think most altcoin hodlers will sell their coins at a loss now if they have been holding their coins for 2-3 years. Most likely if hodlers see a breakeven or a small profit, they will get rid of their coins and then alt season will come. Altcoins are usually bought with a higher profit expectation than X2, and manipulators know this.

@zasad@. Agreed if they are longterm holders. However, I was talking about the late buyers of the market at present who certainly got excited on the hype that altcoin season has retired like they were waiting for their favorite movie franchise's next movie release on theaters heheheh. These types of buyers usually have no patience.

On the market, it appears that this will end the week with a dump despite the good outcome of the Donald's cryptoweek.

If you agree with the opinion that the US wants to increase the share of treasuries by issuing stablecoins. The stablecoins will have at least 70-80% of treasuries as collateral.

I suggest you think a little further. Countries are very slow in passing laws, and Trump needs trillions of dollars in stablecoins in the coming years? What do you think Trump will do next?

@zasad@. If this is your speculation, I will agree that it is very much possible. However, if you say that it is a certainty that there is a hidden agreement between stablecoin issuers and the government that the issuers should hold 80% in treasuries as backing for their stablecoins, I cannot agree to this. I reckon if the stablecoin issuers backs their issuances with 80% treasuries, this is a financial decision. This will not be because of a hidden agreement or as a type of protection against government sanctions.

https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-signs-genius-act-into-law/
"The GENIUS Act requires 100% reserve backing with liquid assets like U.S. dollars or short-term Treasuries and requires issuers to make monthly, public disclosures of the composition of reserves.
Stablecoin issuers must comply with strict marketing rules to protect consumers from deceptive practices. Crucially, they are forbidden from making misleading claims that their stablecoins are backed by the U.S. government, federally insured, or legal tender."
I agree with you that the GENIUS Act does not contain anything like 70-80% of the collateral in treasuries, but the White House website clearly states it.

I will write you my speculations. There are about 5 trillion dollars in cash in the world in countries other than the US.
If my assumption is correct, then Trump will want this money not to lie in safes or other storage facilities, but to work for the US economy?
How can this be done in your opinion?

@zasad@. Agreed on that argument because it is the best method to make this certain that all of the stablecoins issued are backed by American dollars or government bonds which what the treasuries are. This is a financial requirement and a financial decision by the stablecoin issuers like Tether before the passing of the Genius act.

However, on what you implied before that stablecoin issuers will only do this to avoid sanctions from the American government, this is where I have disagreed.

The word sanctions is no longer fashionable in politics. There is such a term as "secondary sanctions", and by definition these are indeed sanctions. For example, some Chinese companies may be subject to secondary sanctions for trading with Russia.
But Americans and Europeans prefer to call "secondary sanctions" something else, just not sanctions

I will ask you a simple question. A huge part of the shadow payments of the Russian Federation in the USDT. Can Tether have problems (sanctions, restrictions, checks) since they help Russia bypass sanctions?

@zasad@. Did the people behind Tether directly facilitate these actions where they helped Russia bypass sanctions or was it only Russia's usage of USDT that made Russia bypass sanctions?

I reckon if Tether directly helped Putin to bypass sanctions, we can be quite certain that there will be a crackdown against Tether and put the men behind this in prison. However, if it was only the usage of USDT, I reckon the American government will only sanction certain addresses similar to what they have done before.

You are absolutely right that Tether should not be held responsible for their stablecoins being used to circumvent sanctions or for illegal and fraudulent purposes unless Tether facilitated it.
But politics usually works differently.

__
I am honestly tired of politics, do you have any ideas on how the US government can attract trillions of paper dollars that are in other countries into its economy?

I can share my ideas, but as always, they will not have official evidence.

@zasad@. Similar to what I have argued in other threads about bad precedents, if the American government cracks down on Tether because USDT was used for bypassing sanctions, I reckon it would again set a bad precedent for the government to crackdown on other companies.

If Apple devices were used by terrorists for their communication, should the American government sanction Apple? This will be very headshaking because they should sanction the Federal Reserve for issuing dollars heheheeh. The American dollar is the most used currency for terrorist financing.

However, violations of people's rights do occur in the US. For example, I heard that the police do not have the right to check people's phones without a warrant, but at the border these rules do not work because of the fight against terrorism.

It seems like one country, but the laws are different in different places. It's paradoxical. Even in Russia there is no such stupidity. You can refuse to give border guards access to your devices, and this is not a crime. You will lose time, be late for another flight, etc., you will be thoroughly searched and checked, but you will retain your rights.
No one can predict the consequences if the USDT suddenly appears in a high-profile terrorism case.

@zasad@. Yes there are these occurrences, however, you are arguing about something else. I am arguing about bad precedents and how the corporations in America will fight against these types of devilry from the government. If the present administration wants their candidate to be supported on the next election, they should not create bad precedents that will be a danger on the whole country.

A similar argument can be made on certain models of Nokia phones and Casio digital watches where they are used by terrorists as detonators and timers for improvised explosive devices. Should the government sanction these companies because their products were used in acts of terrorism? This will be headshaking.

I understand your position that you rely on the law and common sense. Tether is not an American company and if charges are brought against this company and their assets are frozen, then for America it will not be a problem. American citizens and companies will receive compensation, and other citizens and companies will have to wait in line for a long time and go through complex legal procedures.
I am only making assumptions, given the different interests and the latest rhetoric of the US president, which is constantly changing.