first, this should be re-named the 'stablecoin genius' act in honor of grifter-in-chief.

more critically, this legislature is only serving to normalize a destabilizing force where pols and institutions can gain based on transactions and custody fees, not on any investment\utilitarian value of holding crypto.
and if 95% of the transactions continue as exchanges between global criminal enterprises (and sanctions avoidance), far be it from trump and cronies not to want their cut.

lastly, bitcoin flow is certainly (and so far permanently) trackable.
what is much harder than using major currencies is finding out who the intermediates actually represent.
ultimately, even criminals want to buy real world goods, and that final conversion to fiat may be a weakness.
but it is becoming a microscopic % of volumes.

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