Stablecoin bill regulation thread

[zasad@]

@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"
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.
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.

[Deelan1]

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.

[bbc.reporter]

@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"
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.
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.

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.

[zasad@]

@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"
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.
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.

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

[bbc.reporter]

@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/#

[zasad@]

@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.

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.

[bbc.reporter]

@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.

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?

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.

[zasad@]

@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.

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?

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

[bbc.reporter]

@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.

[zasad@]

@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?

[bbc.reporter]

@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.

[zasad@]

@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.

[bbc.reporter]

@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.

[zasad@]

@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.

[bbc.reporter]

@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.

[zasad@]

@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.

[bbc.reporter]

@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.

[zasad@]

@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?

[bbc.reporter]

@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

[zasad@]

@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.

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.