Congress, the eye of a futuristic form of finance, debating the law to set stabektura, a certain type of crypocurrency involved in the US dollar. But legislators are eager to do this new industry ignores the change in American regulatory system regulation of the Second Trump administration.
With the pleasure of Silicon Valley, Big Tech and Wall Street, next week or two senators as a law to give legal blessings to stabecoin. Despite the bitter party party that describes American politics, about a dozen senators ready to lock weapons of almost all Republicans to pass the legislation.
After the model since the new deal created by our modernly independent financial regulators, legislation permits the Security Commission and others to draft good print. Their job can be important, because stabecoes, unlike cryptocurrencies such as bitcoin, which should have real US dollars. Only regulators can ensure that.
The law usually provides a framework for the regulatory action. And used to have a good Congress logic that gives specialized regulators’ discretion to use their best judgment.
But we have lived in 2025. The ideal idea of regulating financial regulation, new or old, surrounded by current administration, quitting the old delegation of agencies all but useless. For financial market regulations dependent on independent regulators, insulated from economic and political pressures, to protect the integrity of markets for investors without fear or favor.
But President Trump – by preventing the independence of the agency, firing some regulators, which browsing others and teaching sycophants – that time has ended. At the same time, Trump’s Dereguatory Dereguatory changes with safeguards, agency staff and abandoned implementation.
Trump’s men – Crypto men – now run the regulators. The head of the sec, Paul Atkins, running a company in a fleet of Crypto clients. The President’s nominee for the Commodity Futures Commission Commission, a small crypto regulator, is Brian Quintenz, a lobbysen Horowitz, the pro-Trump venture capital firm that is in the neck of cryptocurrency.
Trump itself is now a kingpok kingpin. The presidential access to the President by Trump’s memecoin, a collector’s token, which is right Destroy criticism of boring. But Trump’s Family’s car, World Liberty Financial, launching a stablecoin that can be vulnerable to foreign grift. A strong supported government of Abu Dhabi has bought $ 2 billion worth of token. And late last week, securities and commissions in transit drop A case against the window, a cryptocurrency exchange of 2023 admitted The eye is blinded by money losses and penalty violations, days after The Binance listed the Trump Stablecoin for trade.
These developments – the flow of independent regulators in the Docile industry, leaving the Cavalier of the Market President and need a new trade retailer needed to determine regulatory purposes necessary to determine regulatory purposes. We crossed a rubicon, and now lawmakers should think that regulators just get the industry and polido forces.
Today, Congress cannot write to law as Gazy guidance; It should provide detailed and binding directives forcing regulators to actually do their jobs. Otherwise the current Trump regulators will never build the necessary protection that the Senate is considered because strong steps can only be the crypto industry.
So far, the Democrats of the Senate arrange for tweaking a time when the ignorant is required. How can customers protect? How can we prevent crime and take money with stabecoes, a serious problem? Are the big tech firms to be banks by issuing stabecoes?
Adam Adam Schiff (D-Calif.) All legislation disabilities, whose Republican supporters refused to manage “politicians available to it and other digital properties for their own useful.” But Schiff wanted to vote for the bill, like democratic sent. Kirsten Gillibrand in New York and Angela Sobrobooks by Maryland.
As they try to make the laws for the future, their heads are tied to the past, thinking of the time when regulators can be trusted. For our current time, Congress members must be sure that the Cryptocurency law contains clear, binding, crisp guards to protect corruption. Now, StableCoin law contains only window dressing. If no fresh approach, Congress is the simple treasures of leaning for the Titans in Crypto – and for Trump.
Patrick Woodall is the director management for American policy for financial reform.
