Showing posts with label STOP THE GENIUS ACT. Show all posts
Showing posts with label STOP THE GENIUS ACT. Show all posts

Thursday, May 8, 2025

Stop Trump's Crypto Scam — Tell Congress to Reject the GENIUS Act Now!

 

Dear friend,

TOMORROW, the Senate will vote on Donald Trump's dangerous GENIUS Act – a deceptive bill designed to legitimize shady cryptocurrency schemes and open floodgates for corruption. ESPECIALLY for Donald Trump.

Trump is already raking in billions in profits off of crypto schemes – and this bill would supercharge that corruption, allowing Trump and other billionaires to mint what amounts to their own private currencies by creating a crypto product called "stablecoins".

To pass, the bill needs support from a handful of Democrats, and pressure is building for them to say NO to Trump’s crypto con job.

Scoop: Trump coins spark Democratic feud over crypto legislation

With the vote rapidly approaching, it’s going to take ALL of us to demand Democrats in Congress stand firm and block this bill before it's too late.

Our Revolution will deliver our petition directly to Capitol Hill before the vote. We’ll be face-to-face with key Senators, holding Democrats accountable and making sure they hear loud and clear: don’t sell us out to crypto corporations and Trump’s cronies. Will you add your name?

ADD YOUR NAME

The bill hasn't even passed and the Trump family is racing to profit. They just unveiled new plans at a luxury cryptocurrency conference in Dubai and are moving ahead with a $2 billion deal with a UAE-backed fund using Trump’s own stablecoin.

The level of corruption is stunning. But besides enriching Trump and his powerful crypto allies, the GENIUS Act would let cryptocurrency firms escape accountability, reducing oversight and slashing protections against scams and abuses. Experts estimate that crypto scams cost everyday Americans more than $10 billion last year alone – far exceeding losses from traditional financial fraud.

And yet, unbelievably, Trump and his allies have persuaded Senators – including a few Democrats tempted by crypto lobbyists – to get on board. If passed, this bill would strip financial regulators of the tools they need to defend working families, leaving millions more vulnerable.

We only have days left to stop this harmful bill from advancing further. Democrats in the Senate are already feeling the heat, but it’s up to all of us to keep up the pressure.

Will you urgently add your name to stop Trump’s crypto con job? Our Revolution will deliver our voices straight to Capitol Hill before the vote!

When we organize, we win.

Our Revolution







Facebook | Twitter | Instagram | Youtube | Website | Sign Up
Our membership swag

Our Revolution is the largest entirely grassroots funded progressive group in America.

Help us defend democracy and take the fight directly to the establishment by committing to be a 2024 Movement Builder with a recurring donation of just $5 or more a month!

GIVE MONTHLY

GIVE ONCE



PAID FOR BY OUR REVOLUTION
PO Box 66208
WASHINGTON, DC, 20035

Not authorized by any candidate or candidate committee. Our Revolution is a 501(c)(4) organization. Donations to Our Revolution are not deductible as charitable contributions for Federal income tax purposes. All donations are made to support Our Revolution’s general mission and are not designated for any specific activity.

Tuesday, May 6, 2025

Help us stop Trump’s crypto scams, protect consumers, and defend financial justice

 

Americans for Financial Reform


Donald Trump and Elon Musk want to print their own money. Now, they have a bill in the Senate, the GENIUS Act, that would let them do exactly that. No guardrails on their corruption.

The GENIUS Act is a Trojan horse. It would allow corporations like X/Twitter, Meta, and even Trump’s own family firm to create stablecoins, a digital token that is like a private currency. The bill has no meaningful consumer safeguards, will help enable more money-laundering, and pave the way for a major crypto crash.

Last week we learned that the Trump family is making a $2 billion deal with a Middle Eastern fund using his family’s own stablecoin. If that alone wasn’t bad enough, one of the firms involved, Binance, has already admitted to federal money laundering charges. This is exactly the kind of international corruption and legal evasion that the GENIUS Act would legitimize .

Senate Republicans want to fast-track this bill but some Democrats are drawing a line in the sand, demanding real guardrails against corruption, money laundering, and consumer abuse. If they don’t succeed, this dangerous crypto scheme could become law very quickly.

We cannot let that happen. We need to make one thing clear immediately: Tell your Senators to vote NO and block the GENIUS Act, protecting people from Big Tech’s crypto schemes now.

SIGN & SEND

This bill isn’t about innovation, it’s about letting billionaires launder money and political corruption. It opens the door to market manipulation, untraceable bribes, and endless scams. And it will allow Trump and his family to enrich themselves without any meaningful limits.

Trump and Musk want to get rich using stablecoins so they can cash in before the next crash. They’re not afraid of the next crash because, if it happens, they know working people will be left holding the bag. Just like in 2008. Just like with all sorts of crypto scams. Just like with every financial crisis caused by deregulation and greed. We’ve seen what happens when crypto collapses: people lose their savings, markets seize up, and fraudsters walk away rich.

This may be our last real chance to stop the GENIUS Act. And there will be no way to put the toothpaste back in the tube.

Tell your Senators to vote NO and block the GENIUS Act, protect consumers, and stop Trump’s crypto scam. Please sign and send your message now.

Thanks for standing up to billionaire crypto fraud.

-Mark

Mark Hays (he/his)
Associate Director, Cryptocurrency and Financial Technology
Americans for Financial Reform

Support the campaign

The Bushes Just Picked A Side In Texas. It Wasn’t Trump’s. Plus A Reporter Says Foreign Spies Watched Jared Kushne…

                                                                                   LOTS OF POSTS IGNORED BY BLOGGER..... OR REMOVED ON THEIR...