
MAKING AMERICA THE LEADER IN DIGITAL ASSETS: Today, President Donald J. Trump signed the GENIUS Act into law, a historic piece of legislation that will pave the way for the United States to lead the global digital currency revolution.
- The GENIUS Act prioritizes consumer protection, strengthens the U.S. dollar’s reserve currency status, and bolsters our national security.
- The GENIUS Act will make America the undisputed leader in digital assets, bringing massive investment and innovation to our country.
PROTECTING CONSUMERS IN THE DIGITAL MARKET: President Trump supports the GENIUS Act because it protects consumers from nefarious actors in financial markets.
- This long-overdue legislation creates the first-ever Federal regulatory system for stablecoins, ensuring their stability and trust through strong reserve requirements.
- The GENIUS Act requires 100% reserve backing with liquid assets like U.S. dollars or short-term Treasuries and requires issuers to make monthly, public disclosures of the composition of reserves.
- Stablecoin issuers must comply with strict marketing rules to protect consumers from deceptive practices. Crucially, they are forbidden from making misleading claims that their stablecoins are backed by the U.S. government, federally insured, or legal tender.
- The GENIUS Act aligns State and Federal stablecoin frameworks, ensuring fair and consistent regulation throughout the country.
- In the event of insolvency of a stablecoin issuer, the GENIUS Act prioritizes stablecoin holders’ claims over all other creditors, ensuring a final backstop of consumer protection.
ENSURING U.S. DOLLAR GLOBAL RESERVE CURRENCY STATUS: By driving demand for U.S. Treasuries, stablecoins will play a crucial role in ensuring the continued global dominance of the U.S. dollar as the world’s reserve currency.
- The GENIUS Act will generate increased demand for U.S. debt and cement the dollar’s status as the global reserve currency by requiring stablecoin issuers to back their assets with Treasuries and U.S. dollars.
- Additionally, the GENIUS Act will play a key role in attracting more digital asset activity to the country by providing clear rules and promoting responsible innovation in the stablecoin market.
COMBATING ILLICIT ACTIVITY IN DIGITAL ASSETS: Through regulation and registration of stablecoin issuers, along with coordination with the Treasury Department on sanctions enforcement, the GENIUS Act reinforces our national security.
- The GENIUS Act explicitly subjects stablecoin issuers to the Bank Secrecy Act, thereby clearly obligating them to establish effective anti-money laundering and sanctions compliance programs with risk assessments, sanctions list verification, and customer identification.
- This legislation improves the Treasury Department’s ability to combat illicit stablecoin activities by enhancing its sanctions evasion and money laundering enforcement capabilities.
- All stablecoin issuers must possess the technical capability to seize, freeze, or burn payment stablecoins when legally required and must comply with lawful orders to do so.
DELIVERING ON PROMISE TO MAKE AMERICA THE CRYPTO CAPITAL OF THE WORLD: President Trump is fulfilling his campaign promise to position America as the global leader in cryptocurrency.
- President Trump promised to make the United States the “crypto capital of the world,” emphasizing the need to embrace digital assets to drive economic growth and technological leadership.
- In his first week in office, President Trump signed an Executive Order to promote United States leadership in digital assets.
- In March, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, positioning the United States as a leader among nations in government digital asset strategy.
- President Trump has long been a proponent of the GENIUS Act, saying it “is going to make America the UNDISPUTED Leader in Digital Assets — Nobody will do it better, it is pure GENIUS! Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, and Big Innovation. The House will hopefully move LIGHTNING FAST, and pass a ‘clean’ GENIUS Act. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before!”
https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-signs-genius-act-into-law/
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science....
2025 —
Before he stepped down as Canadian prime minister, Justin Trudeau called Donald Trump’s tariff policies “very dumb.” This might be an accurate description of many Trump administration policies — but the more objectively correct word is “stupid.”
In fact, Québec’s largest newspaper, Le Journal de Montréal, published a front-page photo of Trump in early February with the word “stupid” in 350-point type. Some may call this an opinion, but the science of stupidity tells us that it’s more of a definition.
Recent research has produced a succinct label for the poorly calculated actions of decision-makers: stupidity.
This is not simple name-calling, but a phenomenon that comprises loss and features a set of actions that are either outright recognizably dysfunctional, or appear so at odds with any sensible course of action that it seems a hidden agenda could be involved.
Stupidity that causes everyone to loseAccording to the seminal and transactional view of human stupidity by Carlo Cipolla, the late Italian economic historian, interactions fall into four categories:
Intelligent interactions that are beneficial to all – a positive-sum game like Scottish philosopher Adam Smith’s notion of wealth through specialization and trade;
Helpless interactions that result in a loss in a zero-sum game;
Bandit interactions that result in a gain in zero-sum game;
Stupid interactions that cause all parties to suffer a loss.
Free trade is based on an intelligent positive-sum interaction. Trump’s transactional zero-sum view is that for every winner there is a loser.
He apparently doesn’t understand that tariffs are only successful if other countries don’t retaliate. But other countries do retaliate, and as the world is now witnessing, the resulting trade war can decimate the global economy.
Trump’s protectionist measures aimed at boosting the U.S. economy can therefore be considered “stupid” interactions that risk deepening and lengthening an economic depression.
Stupidity as recognizable actionsModern-day researchers have also identified three recognizable sets of actions embodying stupidity:
Confident ignorance that involves people taking risks without having the necessary skills to deal with them. It’s not just being ignorant of one’s ignorance — explained by the Dunning-Kruger effect — but being self-assured despite contrary evidence.
Trump may know what he does not know, so he delegated many tasks to Tesla founder Elon Musk and trade tariff architect Pete Navarro, both of whom seem to possess no such awareness.
Absent-minded failure means people knew the right thing to do but were not paying sufficient attention to avoid doing something stupid. Organizations create agendas, but if issues don’t reach a point where they seriously impact the organization’s objectives, they are ignored.
An example is the recent U.S. strikes against Yemeni Houthis. U.S. officials ignored critical security components by sharing information about their plans over unsecure connections and with a member of the media.
Read more: ‘Signalgate’ was damaging to the Trump administration. It could be deadly for Yemeni civilians
Lack of control means that autocratic decision-makers compromise their organizations by failing to accept objections from those charged with implementing the leader’s preconceived plans.
Such autocratic decision-makers may select biased information to support their proposals. Those working under these leaders either buy into efforts to selectively use information, limit alternatives and execute these preconceived plans or they leave the organization (either voluntarily or not).
In the U.S., witness the firing of Justice Department pardon attorney Elizabeth Oyer. She failed to support restoring gun rights to actor Mel Gibson, who had been convicted of domestic violence in 2011. Gibson’s pardon was reportedly based on his personal relationship with the president.
Types of stupidityOrganizational researchers have used the term functional stupidity to describe those who refuse to use their intellectual capacities when making decisions and then avoid justification for their actions. This allows group members to quickly execute routine functions without much thought.
Dysfunctional stupidity is a lack of organizationally supported reflection, reasoning and justification. Organizations fail to use intellectual resources to process knowledge or question norms or claims of knowledge when confronted with new or non-routine decisions. By blocking communications, muffling criticism and squelching doubts, organizations ensure adherence to superiors’ edicts.
One Trump administration example is the unquestioning permission given to allow the Department of Government Efficiency (DOGE), headed by Musk, to access to a wide array of government data.
It can take the combined efforts of organizational officials on multiple levels to maintain stupidity.
Individually, stupidity is reinforced by ignoring crucial information because of a need for a rapid response.
Consequently, quick decisions and shortcuts made by individuals result in negative outcomes. An example would be the Trump administration’s apparent need to appear to find cost savings quickly to allow for tax cuts, overriding a more logical approach to find ways to achieve those savings without gutting legally mandated services.
Organizationally, stupidity is reinforced because organizations limit acceptable alternative behaviours when they cannot process all available information. Data is restricted, controls are tightened and organization officials fall back to using previously well-learned responses in their comfort zones. Inexperienced decision-makers fall back on uninformed assumptions, or no assumptions at all.
Witness Trump’s “reciprocal” trade tariffs that battered financial markets worldwide, finally causing him to hit the pause button. No tariffs were calculated using current tariff rates, while others were based on American trade deficits with other countries. Other tariffs seem to be based on no rationale at all.
Read more: No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs
Stupidity as a hidden agenda?Some actions that appear stupid may simply hide a hidden agenda. When the Trump administration erroneously detains and deports anyone under the Alien Enemies Act, is it an accident or a way to instil fear in everyone that authorities can detain, mistreat and deport them without due process at any point?
Many of the actions being taken by the Trump administration appear stupid. Tariffs, for example, represent a loss — a transactionally negative sum game.
Trump’s decisions exhibit confident ignorance, absent-minded failure and lack of control. They also show dysfunctional stupidity as Trump officials seemingly refuse to use their full intellectual resources. Stupidity is also being reinforced through unfounded assumptions. Is this all hiding a secret agenda?
“You can’t fix stupid,” so the saying goes. But having capable administrators in place while other branches of government exercise their constitutionally mandated oversight role might dampen some of the Trump administration’s stupidity.
https://theconversation.com/donald-trumps-policies-are-more-than-dumb-theyre-stupid-according-to-stupidity-researchers-253009
[GUSNOTE: YES. TRUMP APPARENT STUPIDITY AND DITHERING HIDES A POWERFUL FORCE TO DESCONSTRUCT DEMOCRACY PIECE BY PIECE, LIE BY LIE, STUPID WAR BY STUPID WAR... TO ENFORCE AN ILLUSION OF GREATNESS THAT IS ESCAPING THE USA, NONETHELESS]
SEE ALSO: https://theconversation.com/trumps-tariff-threats-show-the-brute-power-of-an-imperial-presidency-247524
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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT — SINCE 2005.
Gus Leonisky
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RABID ATHEIST.
WELCOME TO THIS INSANE WORLD….