{"id":95042,"date":"2025-06-18T17:54:52","date_gmt":"2025-06-18T21:54:52","guid":{"rendered":"http:\/\/pappp.net\/?guid=87207d1bb0b4eb3e850cf69c2b6066ce"},"modified":"2025-06-18T17:54:52","modified_gmt":"2025-06-18T21:54:52","slug":"senate-passes-genius-act-criticized-as-gifting-trump-ample-opportunity-to-grift","status":"publish","type":"post","link":"https:\/\/pappp.net\/?p=95042","title":{"rendered":"Senate passes GENIUS Act\u2014criticized as gifting Trump ample opportunity to grift"},"content":{"rendered":"<p class=\"syndicated-attribution\">Source: <a href=\"https:\/\/arstechnica.com\/tech-policy\/2025\/06\/senate-passes-genius-act-criticized-as-gifting-trump-ample-opportunity-to-grift\/\">Ars Technica<\/a><\/p>\n<div style=\"background-color : #fff7d5;\n\t\t\tborder-width : 1px; padding : 5px; border-style : dashed; border-color : #e7d796;margin-bottom : 1em; color : #9a8c59;\">Article note: A desire for unfettered cryptocurrency grifting without meaningful regulatory scrutiny seems to be largely how the tech bros started aligning with the republicans. \nMaybe they'll be less-aligned now that they've got what they wanted?  Or now too many of them spent time huffing their own farts and are on the full on moldbug cyberpunk dystopia as a goal train?<\/div><p>Critics have long warned that Donald Trump's pro-cryptocurrency push as president, coupled with his links to his family's growing crypto empire, creates substantial conflicts of interest that must be probed.<\/p>\n<p>But so far, nothing has stopped Trump's family from seemingly benefiting from the presidency while expanding their empire. And now, Trump is rushing regulation through Congress that many Democrats fear could create his biggest conflict of interest yet.<\/p>\n<p>On Tuesday, the Senate passed the GENIUS Act, a bill that will regulate stablecoins in the US, establishing guardrails and consumer protections that may spur wider crypto adoption nationwide. Unlike more volatile forms of cryptocurrency&mdash;like <a href=\"https:\/\/arstechnica.com\/tech-policy\/2025\/02\/bitcoin-plunges-as-crypto-fans-didnt-get-everything-they-wanted-from-trump\/\" rel=\"noopener noreferrer\">Trump's controversial memecoin<\/a>&mdash;stablecoins' value can be pegged to the US dollar. The crypto industry is hoping the House of Representatives will quickly send the bill to Trump's desk, which Trump has demanded happen by August.<\/p><p><a href=\"https:\/\/arstechnica.com\/tech-policy\/2025\/06\/senate-passes-genius-act-criticized-as-gifting-trump-ample-opportunity-to-grift\/\" rel=\"noopener noreferrer\">Read full article<\/a><\/p>\n<p><a href=\"https:\/\/arstechnica.com\/tech-policy\/2025\/06\/senate-passes-genius-act-criticized-as-gifting-trump-ample-opportunity-to-grift\/#comments\" rel=\"noopener noreferrer\">Comments<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Critics have long warned that Donald Trump&#8217;s pro-cryptocurrency push as&#8230;<\/p>\n<p> <a href=\"https:\/\/pappp.net\/?p=95042\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[226],"tags":[],"class_list":["post-95042","post","type-post","status-publish","format-standard","hentry","category-news-2"],"_links":{"self":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts\/95042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=95042"}],"version-history":[{"count":0,"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts\/95042\/revisions"}],"wp:attachment":[{"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=95042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=95042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=95042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}