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House Caves to Crypto Lobby, Fails to Stop Trump’s Grift
Today, the House passed a package of bills to promote cryptocurrency. This includes the Genius Act, a bill dealing with a type of cryptocurrency called a stablecoin. President Trump recently introduced a stablecoin (the Trump meme coin) with an infusion of $2 billion from a middle eastern sovereign wealth fund. Since the Senate already passed the Genius Act, it will become law with Trump’s signature.
Bartlett Naylor, a financial policy advocate for Public Citizen, issued the following statement condemning the passage of the bill:
“Today, House members piled venality onto perversion onto corruption. In approving this crypto-enabling bill, Congress surrendered to the onslaught of crypto political spending and legitimized the world’s biggest Ponzi scheme.
“To add insult to injury, they also forfeited an opportunity to stop Trump’s massive crypto grift, some of the most heinous and flagrant corruption in American presidential history.”
Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.
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102 House Democrats, Including Jeffries, Help GOP Send Crypto Bill to Trump's Desk
"Congress surrendered to the onslaught of crypto political spending and legitimized the world's biggest Ponzi scheme," said one GENIUS Act critic. "They also forfeited an opportunity to stop Trump's massive crypto grift."
Jul 17, 2025
More than 100 Democrats in the U.S. House of Representatives helped Republicans send what would be the country's first major cryptocurrency law to the desk of President Donald Trump, despite warnings that the legislation would not only further his corruption, but also "expose our financial stability, national security, and consumer protections to greater risk."
All but a dozen voting Republicans and 102 Democrats—including House Minority Leader Hakeem Jeffries (N.Y.)—supported the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which last month passed the Senate 68-30, with support from 18 Democrats.
If signed by the president, as is expected, the bill would create a regulatory framework for stablecoins, which are pegged to the value of existing assets such as the U.S. dollar. The Trump family's World Liberty Financial has issued the stablecoin USD1.
@housedemocrats.bsky.social Shame on all of you. You have no foresight and no backbone.
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— Jodi Jacobson (@jljacobson.bsky.social) July 17, 2025 at 5:52 PM
Advocacy groups and Democrats critical of the GENIUS Act, and other bills making their way through Congress during "Crypto Week," have highlighted how the legislation would "bolster Trump's business empire while putting American interests at risk."
Leading House Democratic opposition to the GOP's package is Financial Services Committee Ranking Member Maxine Waters (D-Calif.), who warned last week that "these bills would make Congress complicit in Trump's unprecedented crypto scam."
As Politico detailed Thursday:
Waters and other Democrats called for presidential ethics provisions to be added to the bills, pointing to the Trump family's business entanglements in the crypto industry. Trump and his sons have stakes in several crypto ventures, including a company they launched last year that issues a stablecoin and could benefit from the GENIUS bill that is now awaiting the president's signature.
But a growing bloc of the party has joined Republicans in lining up behind the digital asset industry's Washington agenda, a sign of crypto firms' ascendance as a political force. Companies in the crypto sector have poured hundreds of millions of dollars into influence efforts, and a mountain of super [political action committee] money is threatening to target lawmakers who stand in the way of the industry's goals.
After Thursday's vote, Bartlett Naylor, a financial policy advocate for the consumer advocacy group Public Citizen, declared that "today, House members piled venality onto perversion onto corruption. In approving this crypto-enabling bill, Congress surrendered to the onslaught of crypto political spending and legitimized the world's biggest Ponzi scheme."
"To add insult to injury," Naylor added, "they also forfeited an opportunity to stop Trump's massive crypto grift, some of the most heinous and flagrant corruption in American presidential history."
RM @repmaxinewaters.bsky.social slams Republicans’ UNSTABLE Act:“The UNSTABLE Act creates the appearance of a federal framework for #stablecoins, but it does not provide the Federal government with the full authority it needs.” | tinyurl.com/5t2skxvnWATCH: www.youtube.com/watch?v=BQWy...
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— U.S. House Committee on Financial Services - Democrats (@ushousefsc.bsky.social) July 17, 2025 at 1:23 PM
In addition to sending the GENIUS Act to Trump, the House advanced two other crypto bills on Thursday: the Digital Asset Market Clarity (CLARITY) Act, which would create a regulatory framework for digital asset markets, and the Anti-CBDC Surveillance State Act, which would prevent the Federal Reserve from issuing a central bank digital currency (CBDC).
All Republicans present and 78 Democrats backed the CLARITY Act, while just Democratic Reps. Jared Golden (Maine) and Shri Thanedar (Mich.) voted alongside the GOP to pass the CBDC ban. Both of those bills still need Senate approval.
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'Weaponization of Data': Trump Admin Gives ICE Personal Info of 79 Million Medicaid Recipients
"Trump said he would go after the 'worst of the worst' immigrants, yet now is giving ICE EVERYONE's Medicaid data, even as ICE targets U.S. citizens," said Rep. Pramila Jayapal.
Jul 17, 2025
The Trump administration is handing over the personal data of every Medicaid enrollee to U.S. Immigration and Customs Enforcement.
According to The Associated Press Thursday, all 79 million people currently receiving the government health insurance benefit will have information shared with ICE by the Centers for Medicare and Medicaid Services (CMS):
The database will reveal to ICE officials the names, addresses, birth dates, ethnic and racial information, as well as Social Security numbers for all people enrolled in Medicaid. The state and federally funded program provides healthcare coverage... for the poorest of people, including millions of children.
The "extraordinary" agreement was struck Monday with CMS and not meant to be publicized, according to the AP. The memo states that its intention is to help ICE find the "location of aliens" across the country.
As one unnamed CMS employee told the AP, "They are trying to turn us into immigration agents."
Republicans have often raised the specter of undocumented immigrants claiming benefits in order to justify cutting the government health insurance program.
However, undocumented immigrants are barred from receiving federally funded Medicaid coverage.
The only exception is emergency Medicaid, which covers lifesaving services and which the government requires to be extended to anyone who needs it regardless of status—though this makes up just 1% of overall Medicaid spending.
Some states have also expanded Medicaid to include noncitizens not covered by the federal program. However, that money comes from state budgets rather than the federal one.
Last month, President Donald Trump demanded that CMS hand over the personal data of the millions of Medicaid enrollees in the seven states that allow noncitizens to apply, a move that dozens of states sued to prevent.
At the time, the government justified it as a measure to simply root out fraud and abuse. But under Monday's agreement, the AP says, the Department of Homeland Security "will use the data to identify, for deportation purposes, people who [are] in the country illegally."
However, nearly everyone enrolled in Medicaid is either an American citizen or other legal resident.
Given that the president has made very clear his intent to begin denaturalizing and deporting American citizens, the handing of tens of millions of people's sensitive information to ICE is causing widespread alarm.
"Trump is letting ICE track Americans using their personal and private Medicaid health data. Undocumented immigrants aren't eligible to receive Medicaid, but other people they want to target and track are," said Melanie D'Arrigo, the executive director of the the Campaign for New York Health. "They're not going to stop at immigrants."
"The massive transfer of the personal data of millions of Medicaid recipients should alarm every American," Sen. Adam Schiff (D-Calif.) told the AP. "This massive violation of our privacy laws must be halted immediately. It will harm families across the nation and only cause more citizens to forego lifesaving access to healthcare."
Rep. Pramila Jayapal (D-Wash.) wrote in a post on X that, "This is about the weaponization of data, full stop. Trump said he would go after the 'worst of the worst' immigrants, yet now is giving ICE EVERYONE's Medicaid data, even as ICE targets U.S. citizens."
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'Horror Story': Flight Logs Reveal Dozens Disappeared on El Salvador Deportation Trips
"This further demonstrates the callousness and lack of due process involved and is further evidence that the U.S. government is disappearing people," said one immigrant rights advocate.
Jul 17, 2025
"These were disappearances," said one immigrant rights expert of the revelation that dozens of people who have never been acknowledged by the Trump administration were listed on flight manifests for three deportation flights from Texas to El Salvador in March.
404 Media reported Thursday that in May, a hacker targeted the airline that operated the flights, which have been challenged in court by groups including the ACLU and Democracy Forward.
The data retrieved by the hacker showed that in addition to people whose names had been previously included on a list of deported migrants deported to El Salvador's Terrorism Confinement Center (CECOT), published by CBS News, more than 40 men and women were listed on flight manifests for planes that the Trump administration sent on March 15
The CBS News story reported on 238 people who had been sent to CECOT without due process, under a $6 million deal with far-right President Nayib Bukele, but the list compiled from the flight manifests puts the total number at at least 281.
The flights landed in El Salvador despite a federal judge blocking them, and now, Michelle Brané of the immigrant rights group Together and Free told 404 Media, "we have this list of people that the U.S. government has not formally acknowledged in any real way and we pretty much have no idea if they are in CECOT or someplace else, or whether they received due process."
"I think this further demonstrates the callousness and lack of due process involved and is further evidence that the U.S. government is disappearing people," said Brané. "For almost all of these people, there's no records whatsoever. No court records, nothing."
It is unclear whether all the people on the flight manifests were actually on the planes, but if "they were indeed on the flights, it is unknown where they currently are," 404 Media reported.
The outlet reported that the family of one of the men who is listed on the flight manifests but whose name has never been reported or acknowledged by the Trump administration, has been protesting his disappearance in his home country of Venezuela.
Keider Alexander Flores Navas' mother, Ana Navas, said in a TikTok video in March that she suddenly stopped hearing from him the day the deportation flights took off—and then saw him in a photo of prisoners at CECOT.
@diariovea 🔵 Ana Navas: Mi hijo no figura en la lista de secuestrados, sé que está en El Salvador por una foto. 🔵 Keider Flores Navas es uno de los venezolanos trasladados a El Salvador. Su madre sabe que está allá por una fotografía en la que lo reconoció. 🔵 Señaló que tiene más de dos semanas y media sin poder hablar con su hijo. #elsalvador #eeuu #venezuela #migrantes #fyp ♬ sonido original - Diario VEA
"He was not on any list. But this photo is from El Salvador," Navas told the Venezuelan outlet Diario VEA.
Aaron Reichlin-Melnick, a senior fellow at the American Immigration Council, called the news of the flight manifests "a horror story."
404 Media's story "provides the first public confirmation of the identity of some of the people who were disappeared by the Trump administration on March 15," said Reichlin-Melnick.
"Many of the people we sent to CECOT entered the U.S. legally at ports of entry after fully identifying themselves to the government," he added. "But if they did enter illegally, nothing justifies disappearing people to life imprisonment without trial. It's un-American."
The news of the flight manifests comes days after a court filing revealed that Salvadoran officials said the U.S. has jurisdiction over the people being held in CECOT, in response to a United Nations Human Rights Office inquiry about the "involuntary disappearances" of four Venezuelans.
The Trump administration has denied having the power to return CECOT detainees to the United States, as has Bukele.
Lee Gelernt, lead counsel in the ACLU's case regarding the deportation flights, told 404 Media that it is "critical" for the public to know who was on the March 15 flights.
"These individuals were sent to a gulag-type prison without any due process, possibly for the remainder of their lives, yet the government has provided no meaningful information about them, much less the evidence against them," said Gelernt. "Transparency at a time like this is essential."
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