Political Quotes

“last month, the Senate voted to proceed to the GENIUS Act, a bill that would regulate the type of cryptocurrency called stablecoins. Stablecoins are supposed to tie the value of crypto to the value of a dollar, but in 2023 alone, stablecoins differed from the value of the dollar more than 600 times. Not only are stablecoins and cryptocurrencies volatile but the industry has a reputation for scams and fraud. The Federal Bureau of Investigation, the FBI, recently reported that last year, 2024, crypto-related crime was up 66 percent, and Americans lost--now get this--$9.3 billion to crypto's scammers. Nearly 150,000 complaints were filed following crypto fraud, including more than 6,000 in my home State of Illinois. How does it work? Your mom's at home, and in comes a phone call, and the person on the phone call says: Mrs. D, I work for ``so-and-so''--usually a government Agency--and I am calling you to alert you that you missed your jury duty this month.”