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Exploring The Latest Iteration of the GENIUS Act Bill With Mixed Support From Democrats

By
Paul Ugbede Godwin
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0

The latest iteration of the GENIUS Act, a bill to regulate payment stablecoins, has seen mixed support from Democrats. While it initially garnered bipartisan backing, including from Democratic Senators Kirsten Gillibrand and Angela Alsobrooks, recent developments show a split. A May 15, 2025, draft addressed some Democratic concerns, with concessions on anti-money laundering, national security, and ethics, particularly around conflicts of interest tied to President Trump’s crypto ventures.

Senator Gillibrand claimed progress, suggesting several Democrats were ready to support it. However, a procedural vote on May 8, 2025, failed (48-49), with key Democrats like Ruben Gallego, Mark Warner, and even co-sponsors Gillibrand and Alsobrooks voting against advancing it, citing insufficient safeguards. Senator Elizabeth Warren remains firmly opposed, highlighting issues like potential corruption and Big Tech involvement. A new vote is likely soon, but Democratic support remains uncertain as they push for stronger provisions.

The GENIUS Act’s latest iteration, aimed at regulating payment stablecoins, has significant implications for the U.S. crypto market and reveals a deepening divide among Democrats, reflecting broader tensions over financial innovation, regulation, and political priorities. A successful bill could provide a clear regulatory framework, fostering mainstream adoption of stablecoins by ensuring consumer protections, anti-money laundering (AML) compliance, and financial stability. This could attract institutional investment and legitimize crypto as a payment mechanism.

Failure to pass could prolong regulatory uncertainty, stifling innovation and leaving the U.S. behind jurisdictions like the EU, which already have stablecoin frameworks (e.g., MiCA). The bill’s AML and sanctions provisions aim to curb illicit use of stablecoins, a concern for regulators. Stronger measures could align with global standards, but overly restrictive rules might push crypto activity offshore to less-regulated jurisdictions.

Democrats’ push for robust national security safeguards reflects fears of stablecoins enabling money laundering or bypassing sanctions, especially amid geopolitical tensions. Stablecoins handle billions in transactions, with potential to rival traditional payment systems. Regulation could boost U.S. economic competitiveness but risks favoring Big Tech or entrenched financial players, a concern for progressive Democrats.

The bill’s ties to President Trump’s crypto ventures (e.g., TrumpCoin) raise ethical red flags, potentially undermining public trust if perceived as benefiting political insiders. Passage could position the U.S. as a leader in crypto regulation, influencing global standards. Delay risks ceding ground to China’s digital yuan or other centralized digital currencies.

Pro-Crypto Democrats (e.g., Kirsten Gillibrand, Angela Alsobrooks): Support stems from a belief that regulated stablecoins can drive financial inclusion and innovation. Gillibrand, a co-sponsor, sees the bill as a way to balance consumer protection with industry growth. Recent concessions (e.g., ethics rules, AML enhancements) were tailored to win their backing, but their procedural vote opposition (May 8, 2025) suggests lingering concerns over rushed implementation or insufficient safeguards.

Skeptical/Progressive Democrats (e.g., Elizabeth Warren, Ruben Gallego, Mark Warner): Warren and others view stablecoins as risks to financial stability, consumer rights, and democratic integrity, especially given potential ties to Trump’s business interests. They fear the bill could enable corruption or empower Big Tech (e.g., Meta, Amazon) to dominate digital payments. They demand stronger protections, like limits on corporate issuer size, stricter auditing, and explicit bans on conflicts of interest. Their procedural vote rejection signals a willingness to block the bill unless these are addressed.

Pro-crypto Democrats prioritize competing with global markets, while progressives fear deregulation could repeat past financial crises. Supporting a bill linked to Trump’s crypto ventures is politically toxic for some, especially amid allegations of self-dealing. Big Tech Influence: Concerns persist that the bill could let tech giants issue stablecoins, consolidating economic power, a red line for progressives.

The failed procedural vote (48-49) underscores the fragility of bipartisan support and Democratic unity. With a new vote looming, Republicans (led by figures like Ted Cruz) are pushing for quick passage, leveraging Trump’s crypto-friendly stance. Democrats face pressure to coalesce around a version with stronger consumer and ethical protections to avoid being seen as obstructing innovation.

However, Warren’s bloc may hold firm, risking a stalemate if demands aren’t met. The divide could delay or reshape the bill, impacting the U.S.’s role in the global crypto landscape. If passed, the act’s final form will likely reflect a compromise tilting toward progressive concerns to secure enough Democratic votes.

U.S. 30-Year Treasury Yield Has Risen Above 5% Drawing Sentiments on X

By
Paul Ugbede Godwin
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0

The US 30-year Treasury yield has risen above 5%, marking its highest level since November 2024, as noted in recent market updates. Reports indicates the yield reached 5%, with some attributing this spike to market rejection of fiscal policies, including proposed tax plans and budget concerns. Analysts highlighted the bond market’s reaction to a fiscally unsustainable debt limit increase, aligning with sentiments from Moody’s. Another suggested the rise reflects broader skepticism about US fiscal credibility, potentially signaling deeper economic fractures.

This increase follows a period of volatility, with earlier reports noting the 30-year yield briefly hitting 5.02% in April 2025 before settling lower. The yield’s climb is driven by factors like stronger-than-expected economic growth, persistent inflation concerns, and uncertainty over policies such as tariffs, which some argue raise costs and pressure markets. J.P. Morgan’s analysis from January 2025 also points to atypical yield increases despite Federal Reserve rate cuts, driven by growth expectations and market uncertainty.

However, X posts are not definitive and reflect sentiment rather than confirmed data. Official sources, like the U.S. Treasury or Federal Reserve, don’t provide specific May 19, 2025, yield data here, but the trend aligns with broader market dynamics. The yield curve has normalized since late 2024, with long-term rates like the 30-year outpacing shorter maturities, signaling expectations of sustained or rising long-term rates. Investors may face challenges as higher yields pressure bond prices and raise borrowing costs, with some X users warning of recession risks or liquidity issues.

The rise of the US 30-year Treasury yield to over 5%, the highest since November 2024, carries significant economic and financial implications. Elevated yields increase the cost of long-term borrowing for the government, corporations, and consumers. This could strain federal budgets, raise corporate debt servicing costs, and make mortgages and other loans more expensive, potentially slowing housing and investment activity.

Bond Market Pressure: Higher yields reduce the value of existing bonds, impacting investors holding long-term Treasuries. This could lead to portfolio losses for pension funds, insurers, and other fixed-income investors, with some X posts warning of broader market instability.

Inflation Expectations: The yield spike suggests markets anticipate persistent inflation, possibly driven by proposed policies like tariffs or fiscal expansion. As noted in J.P. Morgan’s January 2025 analysis, yields are rising despite Fed rate cuts, reflecting growth and inflation concerns.

Fiscal Policy Concerns: The yield increase to skepticism about US fiscal credibility, citing unsustainable debt limit hikes and tax plans. This could signal reduced investor confidence in US debt, potentially raising default risk premiums and further pushing yields up.

Economic Growth vs. Recession Risks: Higher yields may reflect optimism about economic growth, as stronger activity demands higher returns. However, if yields rise too quickly, they could tighten financial conditions, slowing growth. Some X users warn of recession risks if liquidity tightens or markets reject policy moves.

As a benchmark for global rates, rising US yields could strengthen the dollar, pressuring emerging markets with dollar-denominated debt. It may also force other central banks to tighten policy to defend their currencies, risking global economic slowdown. Investors may shift from equities to bonds for better returns, potentially cooling stock markets. However, if yields signal inflation or policy uncertainty, riskier assets like stocks could face volatility.

Tijani Unveils $2bn 90,000km Fiber Project, as Capital Market is Touted for Nigeria’s $1tn Economy Vision

By
Samuel Nwite
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0

The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has announced that the federal government’s ambitious rollout of 90,000 kilometers of fiber optic infrastructure and 7,000 telecom towers across Nigeria will formally commence in the fourth quarter of 2025, as part of a sweeping plan to transform the country’s digital and economic landscape.

Speaking in an interview for an upcoming State House documentary commemorating President Bola Tinubu’s second anniversary in office, Tijani outlined the administration’s multi-pronged strategy to expand digital infrastructure, boost local capacity in emerging technologies, and attract foreign direct investment (FDI).

According to Tijani, the sector has recorded substantial gains under the Tinubu administration, with FDI inflows surging to $191 million in the first quarter of 2024—an exponential leap from $22 million during the same period in 2023. He said the momentum continued in Q2, with inflows growing from $25 million in 2023 to $114 million this year.

“These foundational reforms, coupled with advancements in artificial intelligence (AI) and a fast-evolving startup ecosystem, have positioned Nigeria as a global leader in the digital economy,” Tijani stated.

He added that the government is preparing a $2 billion investment under “Project Bridge” to lay 90,000 kilometers of fiber lines across Nigeria, with the goal of delivering affordable, high-quality internet access to every corner of the country. The initiative, he noted, is expected to significantly impact economic productivity, projecting that “a 10 percent increase in connectivity hubs could yield a 2.5 percent growth in GDP.”

Beyond infrastructure, Tijani touted the achievements of the Three Million Technical Talent (3MTT) programme launched in October 2023. Designed to produce a digitally skilled workforce, the programme has already surpassed its initial goal by training over 117,000 Nigerians, with an additional 35,000 currently in training.

“Our plan is to reach three million trained tech workers before the end of this administration. We believe this will be the cornerstone of Nigeria’s tech-driven growth,” he said.

The minister further announced plans to build 7,000 telecom towers to bridge rural connectivity gaps and achieve 98 percent network coverage. He disclosed that 12 states had adopted zero-rated Right-of-Way policies, a major regulatory hurdle previously impeding broadband rollout.

With broadband penetration currently at 48 percent, Tijani said the National Broadband Plan aims to hit 90 percent by 2025, with the sector’s contribution to GDP expected to rise from 16 percent to 22 percent in the same period.

In line with Nigeria’s AI ambitions, Tijani celebrated the country’s ranking among the top 60 globally in AI readiness and the development of a homegrown large language model. He also noted the launch of the AI Collective platform in collaboration with international partners like Pierre Omidyar, Google, and Microsoft.

Under this framework, 55 academic researchers have been funded to explore the use of emerging technologies in agriculture, healthcare, and education. An additional N300 million has been invested in 10 startups integrating AI and blockchain to improve agricultural productivity.

He also touched on the Nigeria Startup House in San Francisco, aimed at securing $5 billion in startup funding and creating international visibility for Nigerian tech firms through initiatives like the Startup Pact and Trade Desk.

Efforts to train over 500 government technologists in AI and Digital Public Infrastructure (DPI) were also highlighted, alongside progress on the Digital Economy Bill, which has passed its first reading at the National Assembly.

Capital Market Seen as Catalyst for $1 Trillion Economy

Meanwhile, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the capital market’s pivotal role in achieving Nigeria’s goal of building a $1 trillion economy by 2030.

Speaking at the first 2025 Capital Market Committee (CMC) meeting hosted by the Securities and Exchange Commission (SEC) in Lagos, Edun emphasized that recent macroeconomic reforms—including subsidy removal, FX harmonization, and a tighter fiscal framework—have set the stage for private capital to drive economic growth.

Edun, represented by Minister of State for Finance, Dr. Doris Uzoka-Anite, said the capital market must deepen investor confidence and financial literacy while preparing for the rollout of the new Investment and Securities Act (ISA 2025) and Capital Market Master Plan (CMMP 2030).

He described the ISA 2025 as a landmark reform, modernizing Nigeria’s legal and regulatory framework to align with global standards, while ensuring better enforcement, clarity on digital assets, and improved investor protection.

The minister noted that the domestic economy recorded its fastest GDP growth in a decade, thanks to strong fiscal improvements and contributions from the capital market. However, he highlighted key challenges, including capital absorption and investment exit frameworks.

“We must ask ourselves: If a billion-dollar investment enters this market, do we have the structure for it to exit smoothly? Until then, we are not truly ready,” he cautioned.

Edun called for a transparent, rule-based market that acts as a platform for inclusive development and wealth creation. He urged stakeholders to take implementation seriously: “We’ve done the reforms. The time has come to implement.”

SEC Commits to Innovation, Investor Protection

In his remarks, SEC Director General, Dr. Emomotimi Agama, reaffirmed the Commission’s commitment to safeguarding investors, embracing digital innovation, and improving capital mobilization.

He announced that the NGX All-Share Index had gained 37.65 percent year-to-date, with market capitalization exceeding N62 trillion and turnover in debt markets hitting N460.55 trillion.

Agama also reiterated SEC’s determination to implement ISA 2025, unveil the CMMP 2030, and strengthen Nigeria’s compliance with global anti-money laundering and counter-terrorist financing (AML/CFT) standards, in a bid to exit the FATF grey list.

The CMC meeting brought together key players from Nigeria’s financial landscape, including the Central Bank of Nigeria (CBN), Debt Management Office (DMO), Federal Inland Revenue Service (FIRS), and representatives from various exchanges and clearinghouses.

The event also featured the launch of the SEC’s redesigned corporate website and the ISA 2025 Handbook.

Why and How Can Crypto Be Anonymous?

By
TI Partners
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0

The idea that crypto offers complete privacy has fascinated and confused many since Bitcoin’s launch. While it can provide anonymity, the details of how and when it works are often missed. For some, it’s about privacy; for others, convenience or avoiding oversight. Either way, anonymity plays a broad role across retail, gaming, and finance.

What Does it Mean to be Anonymous in Crypto?

The key to understanding anonymity in crypto is that it’s not a blanket feature. It’s not as if flipping a switch makes you invisible. The tools are there, but how and where they’re used makes all the difference.

In finance, especially with crypto, it allows fund management without traditional oversight. For many, the value lies in having the choice to transact and participate without revealing identity at every step, which matters in a world overloaded with data.

Anonymity blends privacy, freedom, and control. In gaming and gambling, it means faster access and less personal data collection. In retail, it builds trust by letting users shop without accounts or exposing personal details.

Gaming and Gambling Where Anonymity Matters

In the gaming world, anonymity isn’t just a preference, it’s baked into the experience. Most platforms only ask for an email to create an account. This hands-off approach keeps the barrier to entry low and encourages wide participation. However, the flip side is that when there’s no clear identity behind an avatar, things like cheating, trolling, and harassment can be harder to moderate. Moderators have to deal with burner accounts, and enforcement becomes more reactive than preventative.

In the gambling space, especially when cryptocurrency is involved, the story takes an interesting turn. There’s a growing interest in sites offering fast transactions, generous welcome bonuses, and even free spins without the need to register or hand over piles of personal data. That’s where you’ll find the top casinos with no registration, which cater to users who want speed, rewards, and privacy all in one place and usually only ask for an email and a password. These platforms typically operate outside of stricter regulations, offering a space where anonymity is preserved more than on traditional gambling sites.

Retail is About Balancing Privacy and Convenience

When it comes to shopping, many consumers don’t want to hand over their full biography just to buy a pair of shoes or order takeout. That’s where options like guest checkout make a difference. These let people skip the account creation step entirely, avoiding data capture altogether.

Some brands have gone a step further, building systems that collect only anonymized data to track user behavior. This helps businesses see patterns, what’s popular as well as what’s abandoned in carts, without tying anything back to specific names or emails. Shoppers get some level of personalization (like product suggestions) without feeling like they’re being followed around the internet. Think about how many high-profile data leaks we’ve had. It’s not hard to see why that kind of compromise is becoming more attractive.

Of course, there’s a trade-off. The more anonymous the user, the harder it is for companies to build long-term relationships. Loyalty programs, tailored discounts, and customer support all work better when brands know who you are.

Finance and the Myth of Invisible Money

This is where the idea of anonymity gets murky. Traditional financial institutions operate under strict laws that make it nearly impossible to fly under the radar. Banks require full KYC (Know Your Customer) verification, your name, your address, and probably a photo of your ID just to open an account. That’s all tied into anti-money laundering rules, and there’s very little wiggle room.

Crypto offers an alternative. In theory, you can send and receive funds using nothing but wallet addresses. These aren’t linked to your name, so it’s tempting to think that crypto is anonymous by default. The reality is a little messier.

Public blockchains like Bitcoin or Ethereum keep a record of every transaction ever made. While your name isn’t there, wallet activity is open to anyone who wants to look. That’s fine if you never interact with regulated exchanges, but the moment you swap crypto for dollars on a KYC-compliant platform, your identity is in play. Blockchain analysis tools have become so advanced that tracing patterns and identifying users is getting easier.

There are workarounds, like privacy-focused coins (think Monero or Zcash) and coin-mixing tools that scramble transactions to obscure their origins. They’re not foolproof. Mistakes, like reusing an address or interacting with a regulated platform, can unravel that privacy fast.

Legal Landscape in the USA Where Privacy Meets Policy

In the US, laws around crypto anonymity are clear on one thing: if there’s a business handling your funds, they’re expected to know who you are. Exchanges, wallet providers, and most service platforms have to comply with KYC and anti-money laundering rules. That means collecting personal information and monitoring transactions.

There’s also the “Travel Rule,” which requires personal info to be collected and shared for transfers over a certain amount. So even if you’re transacting with crypto, if the platform is US-based or operating under US laws, anonymity takes a back seat to compliance.

At the federal level, there’s been a shift toward deregulation in some areas. Certain oversight bodies have pulled back, giving more room for innovation. However, this hasn’t erased the rules that matter most for user identification. States add another layer of complexity. Some have stricter licensing requirements, especially if you’re running a business that deals in crypto.

So while the tools for anonymity exist, the legal environment often discourages their use,at least on platforms that want to play by the rules. That doesn’t stop people from using crypto privately, but it does mean those who want to do so often have to operate outside of the mainstream.

Crypto’s Design is About Pseudonymity, Not Total Privacy

Most cryptocurrencies weren’t designed to be private. They’re pseudonymous. That means transactions are tied to wallet addresses, not real names. As long as you don’t connect your wallet to anything traceable, you’re relatively under the radar.

Here’s the thing. “Relatively” is the key word. Blockchains are transparent by nature. Every transaction lives there forever. If your identity gets attached to a wallet once, your past activity becomes visible in hindsight. Even something simple like using the same address multiple times can make you easier to identify.

To really stay private, users need to be meticulous. Some run their wallets through Tor to hide IP addresses. Others use decentralized exchanges with no registration. It’s possible, but it requires effort and a clear understanding of how the tech works.

Conclusion

Anonymity isn’t just about staying hidden, it’s about choice. Whether you’re playing games, buying something, gambling, or moving money, having control over how much of yourself you reveal matters. Crypto gives people that option, but it’s not automatic, and it’s not always safe.

For some, that’s part of the appeal. The freedom to act without oversight, to control your data, and to avoid systems that feel too intrusive. For others, the lack of support and oversight can be a dealbreaker. What’s clear is that anonymity isn’t a one-size-fits-all deal. It’s shaped by context, tools, and rules. While crypto has opened doors for more private interactions, navigating those doors still takes thought.

Is Mostbet Legal and Safe in Your Country? Here’s What You Need to Know

By
TI Partners
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0

Mostbet and other online betting platforms are now a talk of the town worldwide for sports betting, casino games, and that they offer free bet as an attractive bonus. Yet, a number of potential users have a series of questions to ask before opening an account and depositing money: Is Mostbet safe? Is it allowed in my territory? Is Mostbet real or fake? This in-depth guide will examine all aspects of the platform’s operations to help you make an informed decision.

Understanding Casino’s Background and Reputation

Mostbet is an international iGaming network that emerged back in 2009. A significant number of years have passed and it still stands as the main player in numerous countries by providing a great variety of betting possibilities such as:

  • Sports betting (pre-match and live)
  • Online casino games
  • Live dealer games
  • Virtual sports
  • eSports betting

Is the Platform Safe? Evaluating Security and Fair Play

When assessing whether Mostbet is safe or not, several key factors need to be considered:

Security Measures

The platform employs standard security protocols that are common among reputable online gambling sites:

  • SSL Encryption: The website uses 256-bit SSL encryption to protect user data and financial transactions
  • Account Security: Two-factor authentication (2FA) is available for added account protection
  • Privacy Policy: The company claims to adhere to strict data protection standards

Game Fairness

Mostbet states that all its games use Random Number Generators (RNGs) that are regularly tested for fairness. The platform features games from well-known software providers like:

  • NetEnt
  • Microgaming
  • Play’n GO
  • Evolution Gaming (for live dealer games)

These providers are generally respected in the industry, which adds credibility to this platform’s operations.

Casino Review: User Experience and Features

Based on numerous Mostbet casino reviews from actual users, the platform offers:

Positive Aspects

  • User-friendly interface available in multiple languages
  • Wide variety of payment methods including traditional and cryptocurrency options
  • Mobile compatibility with dedicated apps for iOS and Android
  • 24/7 customer support through live chat, email, and phone
  • Generous bonus offers including the Mostbet free bet promotion

Areas for Improvement

  • Withdrawal processing times can sometimes be slower than industry standards
  • Country restrictions may limit access for some players
  • Bonus terms and conditions can be complex with high wagering requirements

Casino Legality: Is It Legal in Your Country?

The legality of Mostbet depends entirely on your location. Gaming regulations vary broadly between countries, and sometimes, states or provinces within the same country may have varying regulations. The platform’s legality situation in the most important areas is explained below:

Countries Where  the Platform Operates Legally

The platform accepts players from many countries including:

  • India
  • Bangladesh
  • Brazil
  • Mexico
  • Nigeria
  • Turkey
  • Kazakhstan

Countries Where this Platform Is Restricted

The platform does not accept players from:

  • United States
  • United Kingdom
  • France
  • Spain
  • Italy

Important Note: It is also important to note that Mostbet is operational in many countries, but local laws may have certain restrictions. Always, the player is the one to confirm if online gambling is legal in their jurisdiction.

Payment Methods and Financial Security

The platform offers a wide range of deposit and withdrawal methods, which ensures that no one is left out across the globe. The table below is an extensive look at the payment options available:

Payment Method Deposit Time Withdrawal Time Minimum Deposit Minimum Withdrawal
Credit/Debit Cards Instant 1-5 business days $10 $20
Bank Transfer 1-3 days 3-7 business days $50 $100
Skrill/Neteller Instant Up to 24 hours $10 $10
Cryptocurrency Instant Instant to 1 hour $10 equivalent $20 equivalent
Local Payment Methods Varies by country Varies by country Varies Varies

Casino Free Bet and Bonus Offers

The platform of Mostbet provides several promotional offers to attract new players and retain existing ones:

Welcome Bonus Package

New players can typically receive:

  • 100% match bonus on first deposit up to $100 (or equivalent)
  • Free bets for sports betting
  • Free spins for casino games

Ongoing Promotions

  • Reload bonuses
  • Cashback offers
  • VIP program with exclusive rewards
  • Special event-based promotions

Important: All bonuses come with wagering requirements (usually 35x-50x) that must be met before winnings can be withdrawn. Always read the terms and conditions carefully.

Conclusion

The platform is apparently an authorized online betting platform that enhances the quality of gambling activities of its customers. Even though it has a license, which is legal and applies the usual security measures, the service is still not the most favorable for all the users as it depends on the place of stay of the user and the requirements of the user.

Before signing up, we recommend:

  1. Verifying the legal status of online gambling in your country
  2. Reading recent user reviews to check current experiences
  3. Starting with small deposits to test the platform
  4. Always gambling responsibly and within your means

After weighing up all these factors, you can make an educated decision on whether Mostbet completely satisfies your online betting needs. I’d like to remind you that playing games of chance for money is never a good idea. Instead, it should be merely an addition to the general entertainment, and still, you must always set the limits of your betting activities.

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