Exactly what I predicted (& what crypto OGs told me); the appearance of impropriety is scuttling crypto regulation.
CNBC: Lawmakers this week rejected the GENIUS Act — a bill meant to establish federal rules for stablecoins — due in part to concerns that President Trump's personal cryptocurrency ventures have created an unprecedented conflict of interest.
This past weekend in Miami, my crypto connects said there was going to be massive news from the middle east around Trump and crypto (on top of this news story from May 1st)
What are y'all hearing?
Buy bitcoin and $trump on the news, or sell the news and wait?