Vote No on Crypto Bill S.394

We need every Senate Democrat to vote no on a crypto bill that would enable Trump to keep accepting bribes from billionaires, corporations, and foreign governments. We can block S.394 if Democrats unite in opposition, but they’re not there yet, so make sure your senators hear from you ASAP.

Okay, we’re going to talk about cryptocurrency. We promise, we won’t get too in the weeds here—because it’s not the fine details that are important. 

It’s that Democrats are currently working with Republicans on a bill called the GENIUS Act that claims to “regulate” a strand of crypto called “stablecoins.” But in reality, it would enable illicit uses of crypto currency, open the door to blatant frauds, and imperil financial stability. Oh, and Trump and his family are currently using their own crypto currency to corruptly funnel money to themselves, and this bill would do nothing to stop that. 

The Trump family launched multiple cryptocurrencies that they’re already using to accept bribes. The United Arab Emirates is using one of Trump’s cryptocurrencies for a $2 billion deal—making Trump millions. Trump is using his other cryptocurrency to run a pay-to-play scheme, where the top investors get to attend a fancy gala at the White House and face time with the President.

As Senator Chris Murphy put it, Trump is effectively posting his “Venmo or CashApp online for every corporate interest and foreign government to funnel money directly into his bank account.” And yet, some Democrats want to pass a crypto-friendly bill that does nothing to reign this in, enabling Trump’s crypto corruption.

We can stop them, if we make enough noise. Call your Democratic Senator now and tell them to stop Trump’s crypto corruption and oppose the GENIUS Act.