FansHash Launches Cloud Mining Platform, Opening a New Era of Passive Income
'Our mission is to make it easy for everyone to participate in cryptocurrency mining and achieve financial independence,' a FansHash spokesperson said. 'Let the platform handle the tedious process while you focus on enjoying life.'
How It Works
Getting started with FansHash is designed to be simple:
Available contract options include:
Why FansHash?
Start your passive income journey today. Visit www.fanshash.com to learn more and sign up.
About FansHash
FansHash is a leading cloud mining platform dedicated to making cryptocurrency mining convenient, secure and profitable. Backed by industry experts and advanced infrastructure, FansHash has earned the trust of users around the world and delivered outstanding results. For more information, visit fanshash.com.Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
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Coin Geek
6 hours ago
- Coin Geek
Big Tech, Big Banks, and Big Gov
Homepage > News > Editorial > Big Tech, Big Banks, and Big Gov Getting your Trinity Audio player ready... For many years, I have talked about the hijacking of Bitcoin, the ensuing civil war, and the caricatures of 'Greg' and 'Mastercard' (NASDAQ: MA) because they are easy for readers and listeners to understand. But, I think it's time to be very clear that Gregory Maxwell and Mastercard are little more than symptoms of a disease and relatively small pillars of a system that is much more correlated and intertwined than we want to think. The problem is that explaining it requires long form, patience from the reader, and a lot of digging. Small blockers aren't a monolith. Neither are big blockers. In this article, I intend to show how intelligence agency officers, military, banking, finance, and government officers aren't a monolith either. But they also aren't very deeply separated. They share many of the same people, ideas, and policies, and have revolving doors among them. I summarize them, often, as 'Big Tech, Big Banks, and Big Gov,' but the next time someone asks, 'was it the NSA, CIA, Silicon Valley, crypto-anarchists, or the Federal Reserve who hijacked Bitcoin?' You can just answer 'yes.' The Big Banks, Big Tech & Big Government successfully hijacked BTC over the last decade, and convinced normies to trade their freedom for dollar profits. BCH and BSV exist because some bitcoiners refused to be bought by Reid Hoffman, Henrie Di Castries and the UltimateBet guys. The truth is there is something very wrong with how the world has been knitted together since World War 2, but the rotten fruits we are harvesting from Musk, Thiel, and Trump were planted before the telegraph was cutting-edge technology. It's easy to think that trio is new and revolutionary tweeting Dogecoin memes on X or throwing millions behind culture war Senate candidates to usher in a new wave of surveillance capitalism or when a casino mogul turned populist president, promises to drain a swamp but then reneges on all the transparency within six months of inauguration. This is a story that began centuries ago, when controlling money meant controlling everything, and it continues today on the screens in your hands and the servers in data centers under mountains. It is the story of how Big Banks, Big Tech, and Big Government fused into a single sprawling machine, turning citizens into free-range serfs on a plantation that remains invisible to anyone who doesn't push the envelope. The only difference in today's authoritarian systems is that people used to get thrown in cages, slaughtered, viciously overthrown, etc… Today, everything is a 'soft' version of what came before. Soft coups, soft imprisonment, soft enslavement, soft wars… Bitcoin is different because it is hard, and understanding that may be the last chance to break free from our soft cages. The Rothschild template The modern playbook for financial control was written in the late 1700s by a family of farmers turned pawn shop owners, turned bankers. By the early 1800s, the Bauer family had become Lords under a red-shielded crest (or Roth-Schild, in German). Nathan Mayer Rothschild built a pan-European banking empire that didn't merely lend money to monarchs, but anticipated wars, underwrote both sides, and leveraged a network of private couriers and pigeons to obtain news faster than any government. When Wellington defeated Napoleon at Waterloo, Rothschild agents delivered the news to London days before anyone else. Nathan quietly dumped British bonds, then repurchased them at panic lows, cementing his family's fortune and proving that whoever controlled information controlled markets, and whoever controlled markets controlled nations. Paul Julius Reuter, a former Rothschild carrier pigeon handler, founded Reuters by mid-century. It soon became the principal news wire of the financial world and was heavily patronized by NM Rothschild and Sons investment bank before blowing up as the official wire service of Europe and the United Kingdom. Across the Atlantic, the Associated Press was formed, consolidating narrative power in the hands of the largest media agencies, who use AP as a non-profit conglomerate to share the opinions of the largest companies in 'the news.' Finance and information had become two blades of the same scissor by the time of the Mexican-American War, and narratives set in board rooms became the official written history of the Western Hemisphere thereafter, thanks to 'the news' being whatever the big corporations decide it is. The consequences of this can be illustrated in Standard and Poors' refusal to downgrade the credit of the subprime lenders of Wall St before the 2008 global financial crisis under the auspice that the news of the credit downgrade would itself cause the collapse; suggesting that big media and big finance may be too closely intertwined to be useful when they're actually needed. Back to the top ↑ Industrialists and arms dealers As the 19th century lurched into the 20th, global cartels of industrialists and arms makers grew fat on the machinery of war. World War I and II marked the era when the Rothschilds lost much of their primacy in Western finance, scattered by Nazi oppression, the war, and then ultimately eclipsed by growing rivals. Yet while the family's grip loosened, their blueprint endured: central banking, industrial espionage, and the seamless fusion of state and permanent war economy. New players simply stepped into the Rothschild mold, turbocharging these strategies for an age of global surveillance and endless conflict. The post-war era also cemented the rise of the United States as the center of power for this new age. With the U.S. having essentially zero industrial damage or scars of war, and a newly booming economy due to massive investment in both infrastructure and a population emboldened by the victory and cultural shift to American exceptionalism, the United States was primed to dominate. This domination was formalized in 1944 at Bretton Woods. The dollar was pegged to gold, and every other currency pegged to the dollar. The U.S. Federal Reserve effectively became the world's central bank, stewarding not just American prosperity, but global dependency. In 1971, Nixon ended the gold peg, unleashing fiat currency maximalism. Here's President Nixon 'temporarily' suspending the dollar's convertibility into act dismantled Bretton Woods and launched the fiat era we live in — Gold Telegraph ⚡ (@GoldTelegraph_) May 2, 2025 Money was no longer restrained by physical collateral; only by political will and printing presses. Managed wisely, the Federal Reserve could plan investments with commercial and investment banks, government investment strategies, technology, and military excursions for profit. The inflation that would come from printing could be outpaced by growth in the American economy and debts repaid by profits generated in the cycle. For the most part, this worked. Soft money created a tremendous boom in technology, infrastructure and wealth for the American people—especially if they were lucky enough to own any hard assets, which were distributed cheaply in the form of real estate to WWII veterans and their children, making for a strong economy of ownership and creating the American middle class. But it was also fragile, cyclical, and the central planning of the economy by big finance and big government created the opportunity to build the ultimate plantation: infinite leverage, infinite debt, and infinite opportunities for control. They just needed a catalyst or two. Back to the top ↑ Lansky's neon laboratory Meanwhile, in postwar Las Vegas, Meyer Lansky, the mob accountant who built the Mafia's Murder Inc. into a global money laundering empire, was busy innovating. Working with Moe Dalitz, a former rum-runner turned casino kingpin, Lansky transformed Vegas into a giant lab for behavioral manipulation. They discovered that painting over windows, removing clocks, and blasting bright lights kept gamblers in a timeless haze. Feeding them steaks and booze sealed the deal and made gamblers profitably addicted to the atmosphere of the casino. That addiction created liquidity, and that liquidity created the means for incredible amounts of money laundering in cash when the world was quickly moving toward electronic means of accounting. Lansky famously set up sophisticated communications taps that gave him visibility into Federal Reserve movements: an underworld front-run on monetary policy. Vegas was not just a crime hub; it was a prototype for simultaneously hacking human psychology and financial markets, and the CIA was taking notes. MK Ultra, the infamous mind control program, is mostly remembered for LSD. But it quickly expanded into electromagnetic experiments, light pulsing, and frequency entrainment. The casino was a perfect model: override natural rhythms with artificial light, distort perception with alcohol and time loss, and rake in profits. The intelligence community and then the Department of Defense quickly understood that Lansky and Dalitz had built a behavioral Ponzi scheme that was as scalable as any multinational. Furthermore, while mind-altering drugs, torture, and brutalism made for rogue assets that were difficult to control, the soft control of the populace through their televisions and cultural experiences made the assets of the plantation—the people—easier to control without the need and risk of large-scale chemical experimentation. Back to the top ↑ Delgado, Becker, and the electromagnetic mind Enter Dr. Jose Delgado, the Spanish neuroscientist who, a generation before Neuralink, implanted electrodes in bull brains and famously stopped them mid-charge with a radio signal. Delgado proved that you didn't need to control an entire brain if you could tune a few neurons. Just the right circuit, and you owned the creature. Around the same time, Dr. Robert Becker, an orthopedic surgeon, mapped the tiny direct-current electric fields that govern how bones knit and tissues regenerate. The Pentagon funded his work after noticing Navy pilots exposed to avionics developed sky-high cholesterol and collapsed vitamin D cycles. The conclusion: electromagnetic environments and distance from the circadian rhythm rewrote biology at the cellular level. The casino was the seed. The lab tests were the sprout, and the budding military-industrial complex was quickly scaffolding the modern digital plantation with control of media, scientific research, finance, and the blue light full of numbing entertainment that was making its way into everyone's homes Back to the top ↑ From Stanford to Silicon Valley's Panopticon Much of this research funneled through the Stanford Research Institute (SRI), a quiet outpost of Cold War spook experiments. From there emerged the Silicon Valley ethos: a fusion of military contracts, university labs, and private venture capital that blurred lines between spycraft, consumer tech, and behavioral economics. This is the world that gave us the MIT Digital Currency Initiative via their various media labs and financial entanglements with private financiers and intelligence community participants. Source: The Guardian It also gave us Peter Thiel (PayPal [NASDAQ: PYPL] co-founder and Palantir architect) who turned Big Data into the ultimate counterinsurgency tool, selling it to governments under the banner of 'knowledge management.' It produced Elon Musk, who absorbs billions in public subsidies for rockets, cars, and Neuralink brain chips that read like Delgado's wireless experiments reborn in the Matrix. Jack Dorsey, the bearded anachronist shaman of payments and social media, who quietly built Twitter into the globe's emotional steering wheel and handed the reins to big government censors before selling it to Musk and pivoting to Bitcoin (but the wrong version, as we'll see). Source: New York Post It also gave us a President who learned everything he knows from running a casino empire and mastering the art of social engineering via social media. On promises of 'draining the swamp,' he brought in a Vice President, a direct protege of Peter Thiel, and advisors with deep roots in the Silicon Valley surveillance economy. It's no wonder the swamp is still full, but Palantir gets juicy new contracts to surveil American citizens while Trump launches memecoins in a decentralized casino built on Solana blockchain. This was all underwritten by the same families, funds, and secretive institutions that once funded trench warfare and military bonds. Big Banks provided capital. Big Tech built the tools. Big Government enforced the architecture, and together, they created the cyclical economy that they all needed to stay in power and create the illusion of wealth. Back to the top ↑ Bitcoin: The last rebellion But the plantation had a crack in its wall. In the late 1970s, David Chaum, a cryptographer with a libertarian streak, proposed anonymous digital cash, seeing already that banks and states would unite to track every transaction. Many others followed with tooling to help make the individual more secure and more private. Phil Zimmerman's PGP, Timothy May's Blacknet, Len Sassaman with encrypted email and reputation protocols, Hal Finney building PGP 2.0 and reusable proof of work as a SPAM filter… There were dozens of attempts at creating a digital cash so that free people could have a free money separate from the central bank state, the military industrial complex and its tentacles into everywhere, but they were plagued with centralization risk and trust issues because the cypherpunk community was also embroiled and entangled into the mess of white, gray and black hat activities, so they couldn't trust each other not to be crooks or Feds, double agents or corporate shills. Due to trust problems, every digital cash or cryptocurrency attempt failed until Bitcoin. By 2008, the world had seen the booms and busts of multiple cycles, multiple massive and increasingly complex wars, the rise of asymmetric warfare, and more. Against that backdrop, Bitcoin was born from a stew of NSA hash functions, academic cryptography, cypherpunk manifestos, truly free market incentives, and the complex web of internet culture. Its genius was simple: by linking energy (proof of work) and time (block intervals) into an unforgeable public ledger, it turned computation into a monetary asset. No trust, no leverage, no threats. Just proof of work and public attestation of the truth; auditable by anyone. The ledger of account, humanity's oldest technology, was now decentralized and incorruptible—at least in theory. It was, as Satoshi Nakamoto wrote, 'a chain of digital signatures' that abstracted value, energy, and time into money, and maybe poked the bubble created by hundreds of years of meddling and corruption. Back to the top ↑ The hijacking: Silicon Valley's second gold rush This was intolerable to the plantation masters. Reid Hoffman (LinkedIn, PayPal), Marc Andreessen (Netscape, Facebook board), Peter Thiel, and the sprawling VC apparatus of Blockchain Capital, Digital Currency Group, Digital Garage, Baillie Gifford, AXA Strategic Ventures, and CME Ventures swarmed Bitcoin. MIT, which is a friendly nest for CIA projects, provided academic cover. They knew Bitcoin was technologically secure. It couldn't be cracked, hacked, or back-doored. It couldn't be brute-forced or censored directly, but the weak link in any system is always people. People run the Bitcoin GitHub repo. People mine the blockchain. People run the startups that use it and trade it. Those people were the target. These people were pitched to participate in Bitcoin's inevitable progress, but the real aim of investor capital was to neuter it: scale it down, throttle its capacity, and force all meaningful transactions onto private side-chains controlled by the same banks and data oligarchs who control the old world. Thus, the Bitcoin Civil War erupted. Bitcoin's true believers resisted predatory capital and social engineering campaigns while companies like Coinbase (NASDAQ: COIN), Kraken, Bitfinex, Blockstream, Lightning Labs, Chaincode Labs, and others let themselves be bankrolled by this old world clique. They took over Bitcoin Core (BTC) and strangled it with propaganda about the need for throttled throughput. They sold the public on 'digital gold' as a sterile warehouse asset that 'will make you rich' while keeping the global programmable ledger neutered. It was a brilliant soft coup d'etat The companies like Coinbase and Blockstream that compromised their values and took in venture capital grew into multi-billion-dollar darlings, rebranding Bitcoin as a global casino, are now sending back into the military-industrial complex! It's just like Lansky's casinos. They facilitate the facade of business to test out people's behavior while committing them to the addiction of the system, pumping up liquidity, and selling services to Big Tech, Big Banks, and Big Government. The new neon lights are price charts, dopamine cycles, hideous influencers, and endless 'number go up' speculation. Meanwhile, side chains and off-chain solutions were readied alongside dark order books and market makers to facilitate illegal trade and money laundering for the insiders and spooks while managing the controlled rails to herd meaningful, taxable commerce of the average person back under banks and regulators. This occurred at the cost of Bitcoin ever becoming a useful asset in real, disruptive commerce. The fiat money-printing cycle now rewarded coin holders into satiety, compliance, and turned them into a soft marketing wing, much the same way as cheap real estate was weaponized to turn baby boomers into advocates for constant growth in taxes and welfare. All it took was for people to feel like they had left the rat race to become the foot soldiers of maintaining the trajectory of the plantation. But a splinter chain, Bitcoin SV (BSV), survived various rounds of cullings. It preserved Satoshi's original vision: unlimited scale, protocol stability, micropayments, and on-chain data ownership. In other words, the true Web3 of self-sovereign data, peer-to-peer apps, and unstoppable finance, all tied directly to the energy-time ledger that makes Bitcoin unique. Instead of fast gains in wealth, BSV exclusively offered the world a free and nearly costless access to a global database tied to a hard money system. But it also offered the hard truth of hard work to a people who had become addicted to soft money and neon lights. And that's only the first part of the challenge with BSV. Back to the top ↑ The suppression of BSV No surprise, then, that the empire fights BSV at every turn. Jack Dorsey's companies block their tickers and hashtags. Mark Zuckerberg's Meta (NASDAQ: META) shadowbans BSV content. Michael Saylor, a newly minted 'Bitcoin' evangelist, conspicuously pushes BTC's digital gold meme while ignoring Bitcoin's computational utility and feeds the gamblers' addiction with new financial vehicles like 'Bitcoin Treasury Stocks.' Exchanges delist BSV under regulatory excuses. Payment processors refuse integration. They might even kill their supporters for getting too close to liberating the people. He tweeted that specific message from Twetch, which is a BSV-powered blockchain-to-Twitter client. He understood the power of a truly scalable, public blockchain, and didn't care about the social stigma of BSV. A real hero! — Kurt Wuckert Jr (@kurtwuckertjr) July 12, 2025 Why? Because BSV is dangerous to the plantation, it breaks Big Tech by enabling data ownership and direct monetization, bypassing platforms. It breaks Big Banks by enforcing scarcity through proof of work, making a money that can't be printed by decree. It breaks Big Government by providing a transparent ledger for voting, budgets, and identity systems that don't require state attestation. Back to the top ↑ The last firewall before technoserfdom For hundreds of years, from Rothschild pigeons to Reuters wires, from Lansky's casino labs to MK Ultra's frequency experiments, from Palantir's social graphing to Neuralink's promise of wireless brain taps: the same triangle of Big Banks, Big Tech, and Big Government has refined the art of managing populations through money, media, and mind. BSV is the first technology since the printing press that genuinely threatens this triangle at a fundamental level. It is a ledger anyone can write to. It is money tied to physics, not policy. It is a data layer immune to censorship. It promises a world where your vote, health record, business contract, music royalties, and everything else is secured by the same transparent protocol and cannot be intimidated or social-engineered by the shifting whims of unelected corporate boards or opaque state agencies. The plantation will not give up easily. They haven't given up on keeping Bitcoin hijacked and under their control. Remember, they have had centuries of practice. They will dismiss BSV as a scam, obscure it with noise, or starve it of liquidity through pressure campaigns. But the plantation's greatest asset is your inertia. Your willingness to stare at blue-lit screens that siphon your dopamine. Your resignation to debts that rise faster than your pay. Your fatalism in the face of wars spun up by think tanks whose logos are older than your grandparents. we in craig wright vs klaus schwab timeline — ☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️ (@delete_shitcoin) September 25, 2022 Back to the top ↑ The call to action It does not have to be this way. For every corrupt agent, investor, and politician, there's a good person looking for ways to make the world a better place. You stand at the same crossroads as every generation that faced a new feudal order, from serfs under steel visors to colonists under mercantilist tariffs. You can learn how this system was built, how fake news isn't new, how banks rig markets, how governments launder consent… We cannot 'trust the plan' or sit back and let anyone else fight these battles for us. Trump is now claiming the Epstein list is a democrat hoax…MAGA has about one week to completely remove the movement from Donnie and reclaim its values, or the whole thing is over. At least you got weird new prisons, Palantir, REAL ID & 5 trillion in new debt out of the deal! — Kurt Wuckert Jr (@kurtwuckertjr) July 13, 2025 We must opt out of the mind control and opt into a freer future, and one good way to start is by building, using, and transacting with BSV. By anchoring your digital life to a chain that anyone can audit, no one can censor, and no consortium can inflate. The chains are digital now, but so is the key. Break free! Back to the top ↑ Watch: How do you build a successful ecosystem? Bring blockchain to the builders!
Daily Mail
9 hours ago
- Daily Mail
Crypto week: Why bitcoin has gained more than 70% since Trump took charge
Bitcoin notched an eighth all-time record peak of this year on Monday as the price of the world's biggest cryptocurrency rocketed above $120,000 for the first time. Bitcoin's $123,205 peak came as 'crypto week' kicked-off in US politics, with lawmakers set to debate a raft of crypto-friendly proposals. Chief among them are President Donald Trump's proposed 'genius' – or Guiding and Establishing National Innovation for US Stablecoins - Act, which makes its way through Congress as part of White House efforts to make the country the world's 'crypto capital'. Trump's second term in office has so far buoyed crypto investors and helped to drive the price of Bitcoin around 72 per cent higher since the 5 November 2024 election. His 'genius' act aims to create a federal regulatory framework for stablecoins, including new rules for the issuance and use of digital assets. The act is seen as a further boost to crypto's institutional legitimacy, which was supercharged by the approval of spot Bitcoin ETFs earlier this year. But Tom Stevenson, investment director at Fidelity International, said bitcoin's ascension to new record highs alongside gold 'could be a red flag' indicating investor unease as the US dollar continues to face pressure. He added: 'It is telling us that investors are worried about the sustainability of global debts and, in particular, the US budget deficit 'Investors are seeking safe havens and voting with their feet on the dollar and other US assets.' However, bitcoin is up by 25 per cent since the start of 2025, marking its second-worst start to a year since 2021, according to Bloomberg analysis. The price is up closer to 15 per cent since Trump's 20 January inauguration, highlighting the extreme volatility exhibited by the asset class. Fears over Trump's trade war plans drove the price of bitcoin around 20 per cent lower for the year to around $70,000 by the time of the President's 'liberation day' barrage of global tariffs. Since its 9 April trough, however, bitcoin has added almost 60 per cent. Russell Shor, senior market analyst at Tradu, said major investors are continuing to pile cash into bitcoin ETFs, with last Thursday marking the largest daily inflow of 2025 as almost $1.2billion poured into the funds. He added: 'Institutional appetite remains robust. According to 10x Research, $15billion has flowed into bitcoin ETFs over the past two months, while retail investors have largely stayed on the sidelines. 'Some forecasts see bitcoin ending the year between $140,000 and $160,000 — though further Fed rate hikes, if inflation is reignited by tariffs, could limit further gains.' Despite optimism among crypto enthusiasts, bitcoin retreated from its new record high on Tuesday, falling 2.4 per cent to $116,919.20 by midafternoon in the UK. David Morrison, senior market analyst at Trade Nation, attributed the fall to 'profit-taking rather than any shift in broader sentiment'. He added: Although the overall tone in crypto markets remains constructive for the bulls. Still, with bitcoin once again failing to break cleanly, and then hold, above the $118,000 to $120,000 region, traders may become cautious about chasing further upside.'
Fashion United
15 hours ago
- Fashion United
A turning point: cryptocurrencies on US congress agenda
New York, July 15, 2025 – The US House of Representatives is expected to vote this week on several cryptocurrency regulation bills. This follows the impetus given by Donald Trump, seen as a blessing by the sector. After years of procrastination and a series of legislative proposals that failed to materialise, Congress is prioritising this issue before the parliamentary recess on July 24. This action aligns with Trump, who has become a champion of digital currencies since his last presidential campaign, after years of denouncing them. Investors, euphoric at the dawn of this historic week in Congress, dubbed 'crypto week', pushed Bitcoin beyond the symbolic threshold of 120,000 dollars on Monday. This marks a new record. Genius act Among the three bills under consideration, the Genius Act establishes a legislative framework for stablecoins; cryptocurrencies backed by a traditional currency. These digital currencies are considered the safest and least volatile because their parity with a traditional currency is theoretically guaranteed. They are also generally considered to have the best potential utility for the general public, far beyond the speculative investment offered by Bitcoin. The Genius Act, passed by the Senate in mid-June, requires stablecoin issuers to hold reserves at least equivalent to the total value in circulation. These reserves must be in the form of readily available assets such as bank deposits or treasury bills. The adoption of the bill is 'vital' for a wider distribution of stablecoins, according to Gerald Gallagher, chief legal officer of Sei Labs. Sei Labs is a platform dedicated to blockchain, the technology underpinning cryptocurrencies. 'Many financial institutions are already eager to enter this market and are waiting for this law to be passed,' Gallagher added. Towards more competitive legislation Several banks are already working on their own stablecoins, as are online commerce players like Amazon and Walmart. Meta, Uber and Airbnb are also considering adopting them. Many members of Congress, like Trump, see stablecoins as a means of strengthening the dollar, thanks to the global distribution of stablecoins backed by the US dollar. Clarity act Another flagship piece of legislation is the Clarity Act. This act makes the Commodity Futures Trading Commission (CFTC) the primary regulator of cryptocurrencies in the US. Crucially, digital currencies are no longer considered financial securities, but as digital assets. This change largely shields them from the constraints imposed, for example, on issuers of shares and bonds. 'The Clarity Act goes further than stablecoins and puts in place a market structure that will allow the US to be competitive,' said Sylvia Favretto, chief legal officer of Mysten Labs, another start-up working on blockchain. Several Democratic elected officials have expressed reservations about the bill, deeming it insufficiently protective for investors in an environment where fraud, scams and money laundering are not uncommon. Gallagher counters that the two laws 'provide investors with a form of security and visibility that did not exist before'. Democrats in the House of Representatives also regret that none of the bills contain provisions to prevent conflicts of interest. They are targeting Trump, who has been associated with several cryptocurrency projects for a year, from which he has already earned hundreds of millions of dollars in revenue. He created his own digital currency, the '$Trump', and a company associated with the Trump family, World Liberty Financial, marketed its own stablecoin, the 'USD1'. 'It is unfortunate that opponents of cryptocurrencies are making the president's family's involvement (in the sector) a problem for the entire industry,' commented Gallagher. The House could also put to a vote a third bill, which would enshrine in law an executive order issued by Trump at the end of January prohibiting the government from creating its own cryptocurrency. Several observers, including Juniper Research, have interpreted this directive as a further gesture to encourage private initiative in the cryptocurrency world. Trump wants to make the US the 'crypto capital of the world'. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
