Harris,
The GENIUS Act is a billionaire scam in the making.
This reckless bill would open the floodgates for ultra-wealthy figures like Donald Trump and Elon Musk to create, market, and profit from unregulated digital currencies – without the oversight or accountability needed to protect everyday Americans.
This bill would supercharge inequality, as the richest and most corrupt individuals will be perfectly positioned to benefit, while the rest of us are left holding the bag.
If passed, the GENIUS Act would greenlight a financial system designed by and for the ultra-rich, enabling them to exploit unstable crypto schemes, backed by foreign investors, while the rest of us are left with no protections against market manipulation, no recourse to funneling wealth overseas, and increased instability in our already vulnerable economy.
Senate Republicans are racing to fast-track the GENIUS Act. But it's not too late to stop this. Stand firm with Senators pushing back against the Republicans fast-tracking the GENIUS Act.
Check out our video explainer, then send your Senators a direct message to vote NO on advancing the bill, to block the GENIUS Act and protect consumers now.
We need Democrats to stand strong in pushing back, and demanding real protections against corruption, foreign interference, and exploitation. We need to flood Senators from both parties with opposition before this digital financial scam becomes law.
It's not financial "innovation" to legalize corruption. Without guardrails, stablecoins and digital currencies become tools for international money laundering and systemic fraud. Already, the Trump family is orchestrating a $2 billion deal with a Middle Eastern fund using their own stablecoin.
This bill would hand a blank check to billionaires and corporations while exposing ordinary people to risk, fraud, and financial abuse.
It's a Wild West for the wealthy – and a trap for everyone else. Let's protect consumers, rein in crypto chaos, and stop this dangerous legislation in its tracks. Send your Senators a message today to vote NO on advancing this digital financial scam.
Thank you for refusing to let the ultra-rich rewrite the rules for their own gain.
Robert Reich
Inequality Media Civic Action
No comments:
Post a Comment