Stablecoin bill regulation thread

[zasad@]

@zasad@. I am only giving an argument for everyone to understand why sanctions against Russia and Russian oligarchs have occurred because I also argue that this is not a type of sanction that the American government can impose anytime. This is a sanction because Putin declared war.

In any case, on the stablecoin bill, there is a news update. After some changes, this bill might be voted and delivered to the Donald's table for approval. I am very much afraid that if this grandma Warren and her colleagues are mentioning consumer protection and national security, this stablecoin bill might force their issuers to make their stablecoins function very much similar to a CBDC.



At that time it drew fire from Senator Elizabeth Warren and other colleagues for failing to protect consumers, the financial system, and even national security from potential risks.

Read in full https://www.dlnews.com/articles/regulation/stablecoin-act-is-poised-for-speedy-passage-after-democrats-win-changes/

You don't understand me. Let's say because of sanctions the oligarch lost a factory, expensive real estate worth a billion, and in Russia he earned much more.
But these sanctions do not prevent the oligarch and his family and relatives from living, studying and traveling in the USA and Europe.

I am writing to you about other people who have not lived in Russia for a long time and have a legal income in Europe or the USA, but face big problems in banks, in finding work, in obtaining citizenship, and so on.

Now about the bill. This is very convenient for the US government, because the government does not bear any obligations for the tokens that will be issued.

[bbc.reporter]

@zasad@. Why have these sanctions occurred? You reckon that this was done only randomly?

On the stablecoin bill, this might be criticized as convenient for the America  government, however, this is also a type of deregulation of the financial system. Is this not what everyone in the cryptospace has wanted? Also, this will also cause more inflows of dollars to the cryptospace.

[FinneysTrueVision]

@zasad@. I am only giving an argument for everyone to understand why sanctions against Russia and Russian oligarchs have occurred because I also argue that this is not a type of sanction that the American government can impose anytime. This is a sanction because Putin declared war.

In any case, on the stablecoin bill, there is a news update. After some changes, this bill might be voted and delivered to the Donald's table for approval. I am very much afraid that if this grandma Warren and her colleagues are mentioning consumer protection and national security, this stablecoin bill might force their issuers to make their stablecoins function very much similar to a CBDC.



At that time it drew fire from Senator Elizabeth Warren and other colleagues for failing to protect consumers, the financial system, and even national security from potential risks.

Read in full https://www.dlnews.com/articles/regulation/stablecoin-act-is-poised-for-speedy-passage-after-democrats-win-changes/

The US imposes arbitrary sanctions all the time. Can anybody explain why there is still an embargo against Cuba? Also taking away Harvard’s funding because of manufactured antisemitism hysteria that is nothing more than a way to punish people that protest Israel. With that being said, I don’t think it will reach the level of freezing a stablecoin issuer’s assets. Circle and Tether are more than happy to comply and remain obedient if it means protecting their profits.

Whether Elizabeth Warren gets her way is largely irrelevant to users of stablecoins. Centralized government-approved stablecoins will become de facto CBDCs regardless. Palantir is already collaborating with the administration to create a master database of every person in the country. If stablecoins gain mass adoption, it would be naive to think the government isn’t going to abuse their power and use the information they gather to target the finances of dissidents and political enemies. They are already doing it, this will just extend the dragnet even further.

On the stablecoin bill, this might be criticized as convenient for the America  government, however, this is also a type of deregulation of the financial system. Is this not what everyone in the cryptospace has wanted? Also, this will also cause more inflows of dollars to the cryptospace.

More regulation is deregulation and compliance is defiance. That is typical cryptobro doublespeak. What you are really saying is you just want your bags to pump no matter how hard you get cucked and Bitcoin and crypto are co-opted by the ones it was intended to serve as an alternative against.

[zasad@]

@zasad@. Why have these sanctions occurred? You reckon that this was done only randomly?

On the stablecoin bill, this might be criticized as convenient for the America  government, however, this is also a type of deregulation of the financial system. Is this not what everyone in the cryptospace has wanted? Also, this will also cause more inflows of dollars to the cryptospace.

I think that sanctions were introduced to improve the Russian economy. If you look at the statistics, Russia's GDP is growing at a tremendous rate, despite all the sanctions. I would rather ask why the sanctions are not working.

I think you are wrong about the deregulation of the financial system. The US needs buyers of treasuries to develop, and since there are no more buyers in the world, it is beneficial for the US government that companies that issue stablecoins buy treasuries.
These statistics are already 3 months old

[bbc.reporter]

@zasad@. You can argue that and it might be correct. However, my argument is sanctions without a very much serious to impose this would bring confidence in the American financial system and this is why the American government will do it very rarely. Anyone who declares that they can do this anytime against any country or any holder of US treasuries is only spreading fud.

[zasad@]

@zasad@. You can argue that and it might be correct. However, my argument is sanctions without a very much serious to impose this would bring confidence in the American financial system and this is why the American government will do it very rarely. Anyone who declares that they can do this anytime against any country or any holder of US treasuries is only spreading fud.

Even Trump's son agrees with my arguments:
https://www.cnbc.com/2025/06/03/donald-trump-jr-meme-coin.html
Trump Jr. argued that stablecoins like USD1 could support U.S. financial dominance, not threaten it:

“They’re literally some of the biggest buyers of U.S. Treasurys in the world, replacing a lot of the countries that would have been traditionally doing that,” he said, referencing crypto firms like Tether, which controls nearly 70% of the global stablecoin market.

___
Don't you agree with simple truths?
For example, when the US has the strongest economy in the world, they can do any crap. Other countries will still negotiate with them.

Now America is actively killing the European economy, depriving it of cheap resources. The main enemy of the USA is not Russia, but China, whose economy is beginning to overtake the US economy.

[bbc.reporter]

@zasad@. What argument are you implying that Trump's son is agreeing with you hehehehe. You argument is the American government can sanction anyone, you also say they will do this anytime and this is why these stablecoins will not be very good for the cryptospace. This is your argument.

My argument against this is even if they are the most powerful country in the world, if they will sanction someone without a real reason then this will certainly still place them in a questionable position and this might also cause discouragment and loss of confidence in US treasuries. They will not do this.

[zasad@]

@zasad@. What argument are you implying that Trump's son is agreeing with you hehehehe. You argument is the American government can sanction anyone, you also say they will do this anytime and this is why these stablecoins will not be very good for the cryptospace. This is your argument.

My argument against this is even if they are the most powerful country in the world, if they will sanction someone without a real reason then this will certainly still place them in a questionable position and this might also cause discouragment and loss of confidence in US treasuries. They will not do this.

If you read my posts above, then you will find several arguments there.

If you do not believe the words of the authoritative Chinese press secretary of the Ministry of Foreign Affairs, then this is also your right
https://asktom.cf/index.php?topic=5441385.msg61825995#msg61825995

But recently Trump raised trade tariffs for many countries and even for penguin islands
Isn't that sanctions? So who's at a disadvantage after that?

How did Trump explain the increase in duties for the European Union? Very simply, he said that the US should not have a trade deficit

Forgive me, but I think you live in an alternate reality. Trump has already imposed sanctions on half the world..

[bbc.reporter]

@zasad@. Hehehehe this is where your information comes from? The press secretary of the CCP? I am sorry my friend but if you call me that I live in alternate reality, I do not know what to call you.

Also, implying that tariffs are similar to sanctions is very headshaking. Tariffs are taxes on imports imposed by the government hehehe. In any case, the real argument is no government can impose sanctions against anyone without a very real cause because this would threaten their position and trust.

[zasad@]

@zasad@. Hehehehe this is where your information comes from? The press secretary of the CCP? I am sorry my friend but if you call me that I live in alternate reality, I do not know what to call you.

Also, implying that tariffs are similar to sanctions is very headshaking. Tariffs are taxes on imports imposed by the government hehehe. In any case, the real argument is no government can impose sanctions against anyone without a very real cause because this would threaten their position and trust.

Then tell me a list of sources or famous people whose statements are authoritative for you.

I understand the difference between sanctions and trade duties perfectly well.
I will give you a simple example. Let's say 2 countries are engaged in international trade. As a result, the first country has a profit of 10% per annum. The second country decides to introduce a trade duty of 5%. In this case, I agree that this is a reasonable trade duty.
But if the second country raises the trade duty to 25, 50, or 100%, isn't that a sanction? You are making trade with you unprofitable with the help of trade duties.

Let's say you receive a salary of 10,000 dollars, pay 3,000 dollars in taxes, and tomorrow your boss says that the amount of taxes has increased to 9,999 dollars for you. Will YOU call this situation a tax increase or a sanction against you?

___
Forgive me for my harsh statements, but we Russians call things by their proper names.

[bbc.reporter]

@zasad@. Is your question supposed to save the press secretary of the CCP from the criticism that they are not a reliable source. I am sorry, however, if you force this argument then I cannot talk to you anymore hehehehe.

The CCP strictly controls all their media outlets, everything that is released to the public is controlled by the CCP. Everything required to align with the party and their agenda.

[zasad@]

@zasad@. Is your question supposed to save the press secretary of the CCP from the criticism that they are not a reliable source. I am sorry, however, if you force this argument then I cannot talk to you anymore hehehehe.

The CCP strictly controls all their media outlets, everything that is released to the public is controlled by the CCP. Everything required to align with the party and their agenda.

You don't want to continue the dialogue because you have no arguments. You can check any information in the public domain
https://en.wikipedia.org/wiki/List_of_wars_involving_the_United_States

Is wikipedia also controlled by China or does wikipedia also contain false information?

In Russia people say that if you call a girl Masha by a man's name Ivan, Masha's penis will not grow after that.

[bbc.reporter]

@zasad@. I cannot continue the conversation because it is useless. I will not be convinced by a person who thinks that the press secretary of the CCP can be trusted when we are very much aware the CCP has centralized control on the flow of information in their media outlets. No one can speak against them to challenge their claims. This is headshaking.

Also, what started the argument? Is it not from your claims that the American government can sanction anyone and anytime they want without a good reason. This is also why you argued for concerns that Tether holding US treasuries in their balance sheet is not very good because America can sanction them anytime?

However, you used Russia as an example on American sanctions heheehhe. A country with a leader that started a war on their neighbor hehehe. They got the sanction because of this war. This is not a sanction because they can do it anytime. There was a real reason behind this.

[zasad@]

@zasad@. I cannot continue the conversation because it is useless. I will not be convinced by a person who thinks that the press secretary of the CCP can be trusted when we are very much aware the CCP has centralized control on the flow of information in their media outlets. No one can speak against them to challenge their claims. This is headshaking.

Also, what started the argument? Is it not from your claims that the American government can sanction anyone and anytime they want without a good reason. This is also why you argued for concerns that Tether holding US treasuries in their balance sheet is not very good because America can sanction them anytime?

However, you used Russia as an example on American sanctions heheehhe. A country with a leader that started a war on their neighbor hehehe. They got the sanction because of this war. This is not a sanction because they can do it anytime. There was a real reason behind this.

If you don't like the example with China, then let's not go back to it. I'm talking about information that can be easily verified.
If you don't like the example with Russia, then let's skip it too. I have a friend who has been involved in foreign economic activity for many years, so he imports a lot of sanctioned goods to Russia through those countries that are fighting for sanctions against Russia the most in the press

You didn't like my example about Trump's trade tariffs, which are worse than sanctions. Don't you understand that increasing trade tariffs by 50-125% has the same effect as sanctions.
Another example. Just recently, Trump was friends with Elon Musk, and now they are throwing mud at each other on social networks.

With such a policy of the president, I don't even know what sanctions trade tariffs President Trump will want to impose tomorrow against non-American companies that issue stablecoins. Is it a problem if Trump recently imposed a bunch of trade tariffs against half the world?

[bbc.reporter]

@zasad@. I do not anymore know where you are taking the argument hehehe.

In any case, Tether's new layer 1 blockchain being developed for stablecoins had a successful ICO through Sonar, the new platform created from the private funding application of Cobie. It appears that this is only the beginning of the new season of the ICO hehehe.



Layer 1 blockchain Plasma showcased the massive demand for exposure to the stablecoin sector this morning, filling a $500 million initial coin offering (ICO) deposit vault in a matter of minutes.

The token sale was initially capped at $250 million, but after the vault filled instantly, the cap was doubled to $500 million, which filled as soon as market participants realized the cap had been increased.

The raise is being managed in collaboration with Sonar, which is the ICO arm of Cobie’s public fundraising platform, Echo.

Plasma is a ‘stablechain,’ or a Layer 1 (L1) blockchain optimized for stablecoin transactions, backed by Tether, the issuer of DeFi’s leading stablecoin, USDT. It’s offering 10% of its XPL token supply at a $500 million fully diluted valuation (FDV) through this sale.

Read in full https://thedefiant.io/news/blockchains/stablecoin-blockchain-plasma-fills-usd500-million-ico-instantly

[zasad@]

@zasad@. I do not anymore know where you are taking the argument hehehe.

In any case, Tether's new layer 1 blockchain being developed for stablecoins had a successful ICO through Sonar, the new platform created from the private funding application of Cobie. It appears that this is only the beginning of the new season of the ICO hehehe.



Layer 1 blockchain Plasma showcased the massive demand for exposure to the stablecoin sector this morning, filling a $500 million initial coin offering (ICO) deposit vault in a matter of minutes.

The token sale was initially capped at $250 million, but after the vault filled instantly, the cap was doubled to $500 million, which filled as soon as market participants realized the cap had been increased.

The raise is being managed in collaboration with Sonar, which is the ICO arm of Cobie’s public fundraising platform, Echo.

Plasma is a ‘stablechain,’ or a Layer 1 (L1) blockchain optimized for stablecoin transactions, backed by Tether, the issuer of DeFi’s leading stablecoin, USDT. It’s offering 10% of its XPL token supply at a $500 million fully diluted valuation (FDV) through this sale.

Read in full https://thedefiant.io/news/blockchains/stablecoin-blockchain-plasma-fills-usd500-million-ico-instantly

Пpoшy пpoщeния, тaк в нeкoтopыx cлyчaяx eщё и пopядoк cлoв мoжeт быть пpoизвoльным? Этo жe peзкo coкpaщaeт кoличecтвo инфopмaции, кoтopoe нa этo yxoдит. У мeня в лeджepe cидкa из 24 cлoв пoдpaзyмeвaeт фикcиpoвaнный пopядoк? A кoгдa нe фикcиpoвaнный?

Is my English really that bad?
I'm trying to explain to you that with President Trump's policies it is impossible to predict who will be hit with sanctions tariffs tomorrow.

___
Regarding your news. Another blockchain with full compatibility with EVM. Why is it needed? How is this blockchain better than hundreds of L2 solutions on Ethereum? The market needs this project now like a fifth wheel on a cart.

[bbc.reporter]

News update. This is the type of occurrence that might cause the government to reverse on their actions and regulate stablecoins more strictly right when everything appeared to be on a stage of deregulation. This is going to be headshaking and the anticrypto politicians will also shake their finger on the cryptospace to tell us we told you.



Authorities in New York City are charging a Russian crypto executive with laundering more than half a billion dollars for Russian clients trying to evade US sanctions and acquire “sensitive US technology.”

Brooklyn resident Iurii Gugnin — also known as George Goognin and Iurii Mashukov — allegedly funneled a staggering $530 million in USDT payments, the Department of Justice said on Monday.

The 38-year old now faces a 22-count federal indictment accusing him of wire fraud, money laundering, conspiracy to defraud the US, violating the Bank Secrecy Act, and breaking sanctions imposed under the International Emergency Economic Powers Act.

Read in full https://www.dlnews.com/articles/regulation/prosecutors-charge-russian-in-530m-money-laundering-scheme/

[zasad@]

News update. This is the type of occurrence that might cause the government to reverse on their actions and regulate stablecoins more strictly right when everything appeared to be on a stage of deregulation. This is going to be headshaking and the anticrypto politicians will also shake their finger on the cryptospace to tell us we told you.



Authorities in New York City are charging a Russian crypto executive with laundering more than half a billion dollars for Russian clients trying to evade US sanctions and acquire “sensitive US technology.”

Brooklyn resident Iurii Gugnin — also known as George Goognin and Iurii Mashukov — allegedly funneled a staggering $530 million in USDT payments, the Department of Justice said on Monday.

The 38-year old now faces a 22-count federal indictment accusing him of wire fraud, money laundering, conspiracy to defraud the US, violating the Bank Secrecy Act, and breaking sanctions imposed under the International Emergency Economic Powers Act.

Read in full https://www.dlnews.com/articles/regulation/prosecutors-charge-russian-in-530m-money-laundering-scheme/

When Americans find out how many Yuriys live in the US and successfully help circumvent sanctions, they will be in great shock

People like this Yuri are very active in helping American companies develop, so the US government is in no hurry to detain such necessary people.
I'll tell you a secret that in Russia, companies that receive sanctioned goods are more concerned not about how to receive the goods, but about how to exchange Russian rubles for stablecoins in a more legally secure manner

[bbc.reporter]

@zasad@. However, another argument on this is if moneylaunderers decide to use USDT as their currency to launder money in the cryptospace, does this really cause the American government to sanction Tether? This will be headshaking because this is a precedent that they should sanction themselves if the American dollar was used hehehehe.

I reckon Tether will be the party responsible to block or freeze USDT used for illegal purposes. This will be a similar case as Tornado Cash if the America  government cracks down on Tether, I reckon.

[zasad@]

@zasad@. However, another argument on this is if moneylaunderers decide to use USDT as their currency to launder money in the cryptospace, does this really cause the American government to sanction Tether? This will be headshaking because this is a precedent that they should sanction themselves if the American dollar was used hehehehe.

I reckon Tether will be the party responsible to block or freeze USDT used for illegal purposes. This will be a similar case as Tornado Cash if the America  government cracks down on Tether, I reckon.

I already like the way you think, I'll even add a little.
And if criminals use roads to bypass sanctions, then should the roads be closed?
And if criminals use public transport, then should it be banned?

I am 99.9% sure that the US government has a lot of evidence to accuse Tether of the same thing as the Russian Yuri from your article. But this will not happen because Tether has an agreement with the US government, and they will only block those wallets that the US government requests.