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The is currently being voted on in the Senate!
Is the claim in the quote likely to become a reality?
In my view, this is one of the current methods of the US government to manage debt, but not the main narrative, more like an attempt;
If the bill passes, it will be beneficial to crypto assets in the long term.
I won't elaborate on the details, you can check 's analysis:
x.com/Cato_CryptoM/status/1924...…
Crypto_Painter
@CryptoPainter_X
05-04
今天看到一个暴论，我简单复述一下：
Tether获得美元，并发行等额USDT之后，主要的美元储备中，80%都用于购买美国国债了...
这个过程中，USDT是凭空创造出来的，美元也是有实际购买力的，且变成了资产的；
也就是说，1美元其实变成了1USDT和1美元等价的国债；
问题来了：
The French Ambassador vote is still ongoing, and the next one will be the Genius Act vote~
A senator named "Wona" seems to have changed her mind at the last minute... However, with 59 votes exceeding the majority, it basically means that the resolution to advance the stablecoin bill has been officially passed...
Note that this vote should refer to "Proceed to the consideration", rather than the bill being officially passed...
If I'm not mistaken~
Final voting result: 66:32, passed!
Next, the bill will continue to be promoted!
Note that it is not the bill itself that was passed, but the motion to continue to promote the bill was passed...
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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