Senate Dems sweat tokenisation, DeFi in market structure hearing

[zasad@]

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.

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.

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.

[bbc.reporter]

@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.

[zasad@]

@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.

[bbc.reporter]

@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.

[zasad@]

@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.

[bbc.reporter]

@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.

[zasad@]

@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?

[bbc.reporter]

@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.

[zasad@]

@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?

[bbc.reporter]

@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.

[zasad@]

@zasad@. Agreed on that argument because it is the nest 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?

[bbc.reporter]

@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.

[zasad@]

@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.

[bbc.reporter]

@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.

[zasad@]

@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.

[bbc.reporter]

@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.

[zasad@]

@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.