CRYPTO is God sent for The World Students Society and eventually, equally great by focusing to serve the needs of the world.
On !WOW! If Crypto integration is done right and with foresight, Digital Currencies are likely to solidify and grow and for sure, serve the best interests and accomplishments of the global students for the present and definitely in the future.
The Global Founder Framers of !WOW! would be wise to consider in writing an '' Expression of Interest '' and envision a deal and join the Board of World Liberty Financial.
With over a billion students and parents joining - in the next 5 years -, and an Ecosystem 2011 in the offing, World Liberty Financial, may just sit up and listen, very sincerely.
JUST recently, there have been some good weeks for America's crypto interests.
'' The Genius Act '', which legitimates a kind of cryptocurrency called stablecoins, advanced in the Senate, just later President Trump held a gala dinner for the top 220 holders of his $TRUMP memecoin.
Stablecoins, as their name suggests, are crypto assets like the U.S. dollar. Mr. Trump and his sons created one called USD1 through their cryptocurrency company, World Liberty Financial. Digital currencies like stablecoins are bad enough when they could potentially be used for political self-dealing.
The potential problems they pose to the mainstream financial system go deeper and are much more concerning.
Their advocates claim that they will enhance U.S. financial power - Mr. Trump said that stablecoins would '' expand the dominance of the U.S. dollar.''
They are likely instead to undermine it, fostering scams and sanctions evasions, generating financial risk and perhaps even allowing another currency to supplant the dollar in global trade.
World Liberty Financial said it would back the digital currency using short term U.S. Treasuries, dollar deposits and other cash equivalents.
Just as the U.S. dollar anchors the global financial systems, stablecoin provide a standard of value against which cryptocurrencies are measured, without the cost and inconvenience of exchanging them for real U.S. dollars in a regulated bank account.
CRYPTO interests want to break down the boundary between cryptocurrencies and regulated finance by integrating stablecoin into the regular U.S. financial system.
That would allow them to go back and forth between the swashbuckling world of crypto, where cryptocurrencies swing wildly in value and you can gamble on the latest meme, and the rule-bound world of regulated finance, with assets and bank accounts protected by the Securities and Exchange Commission and Federal Deposit Insurance Corporation.
With Mr. Trump in the Oval Office, the crypto industry has an opportunity, but that opportunity is not all due to Mr. Trump.
Crypto has received substantial bipartisan support, juiced by generous donations to politicians' PACs and the defeat of crypto-skeptical politicians.
[ In 2024 the industry poured $40 million into beating Sherrod Brown, a crypto skeptic, in his unsuccessful Senate re-election race in Ohio.]
Advocates of stablecoin argue that strengthening crypto will strengthen the dollar. Senator Kirsten Gillibrand, Democrat of New York, one of the Genius Act's cosponsors, said she worried that America is '' just watching while our opponents move pieces on the chessboard'' and is '' at risk of falling further behind '' Europe and China.
She is right that other countries are building digital currencies while Mr. Trump opposes plans for a Fed issued digital dollar.
Since most stablecoins are linked to the U.S. dollar, Ms. Gillibrand says that regulating and promoting them will strengthen dollar dominance. This is not an inherently irrational belief.
The U.S. dollar dominates the world, thanks to its unique combination of economic and political stability with a convenient international payments network.
This Master Global Essay and Opinion on Crypto continues. The World Students Society thanks Dan Davies and Henry J. Farewell.
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