US Senate Passes $3.5T Budget Plan
Senators voted along party lines to support a blueprint for President Joe Biden's agenda.
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The U.S. Senate voted 50-49 along party lines early Wednesday to support a $3.5 trillion blueprint for President Joe Biden's agenda.
- The bill paves the way to expand government's role in trying to reduce poverty, protect the environment and improve care for the elderly, Bloomberg reported.
- Bitcoin barely reacted to the vote, holding above $46,000.
- The bill follows a $1 trillion infrastructure bill that the U.S.. Senate passed Tuesday and that included contentious crypto tax-reporting provisions.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
