RT Michaël van de Poppe (@CryptoMichNL)The Clarity Act would be a massive trigger for the markets.The Genius Act has done the same --> stablecoin inflow has quickly accelerated.The chances of this going into approval has increased to 90% in April '26.If that happens, then it's a no-brainer for me to long $ETH. https://t.co/3j9GULA7RL ...

The Clarity Act would be a massive trigger for the markets.The Genius Act has done the same --> stablecoin inflow has quickly accelerated.The chances of this going into approval has increased to 90% in April '26.If that happens, then it's a no-brainer for me to long $ETH. https://t.co/3j9GULA7RL ...

You I'm probably going to have, you know, the black hat show up when I say this, but you everyone thinks the president is our friend. >> Bitcoin is going to the moon. As we say, it's going to the moon.Meaning our collective friend in crypto. He's not. He He's just not. He He is definitely not.>> You know, I'm a big crypto person. I'm the one that probably helped crypto more than anybody. >> He He has a whole different agenda.>> It's impossible to proceed without it. We have to get this Clarity Act across th ...

I'm also working to ensure America remains the crypto capital of the world. >> The crypto announcements coming out of the World Economic Forum at Davos this year are wild. >> I think what's going to happen is that after market structure passes, the banks are going to get fully into the crypto industry.>> As the global elites led by America signal, >> I think the movement towards uh tokenization is is necessary. >> Crypto adoption is growing. Adopt this technology or risk being left behind.I'm very bullish a ...

Regulatory Landscape & Market Structure - The Clarity Act is anticipated to unlock institutional adoption of crypto, similar to how the Genius Act facilitated stablecoin adoption [1][5] - Industry expects the Clarity Act and market structure bill to potentially pass into law in Q1 2026 [9] - US banks are now permitted to act as intermediaries for crypto transactions under new regulatory guidance from the OCC [16][17] - Top US bank CEOs are engaging with senators to discuss crypto market structure legislation [19][25] Institutional Adoption & Integration - Major banks and corporations are launching or exploring launching their own stablecoins and integrating them into business operations [3] - Banks are now greenlit to fully engage in tokenized assets and spot crypto services [12] - Big banks have been preparing for increased involvement in the digital asset space, with activities expected to accelerate in 2026 [15][16] - Banks like JP Morgan, BNY, and City have been quietly active in the digital asset space [13] Strategic Positioning & Partnerships - Bank of America has recommended clients allocate up to 4% of their portfolio to Bitcoin and crypto [29] - PNC Bank has partnered with Coinbase to offer direct Bitcoin trading for clients [29] - City is collaborating with Coinbase to build the future of payments and integrate digital assets [31] - Ripple and XRP are positioned to benefit from increased clarity and institutional adoption in the crypto space [20][26]

Regulatory Landscape - The Genius Act aims to attract crypto talent and businesses back to the US by clarifying SEC/CFTC rules [1] - The Clarity Act is explained in detail [1] - The discussion includes how the bill evolved over time [1] - Political parties' impact on the bill is analyzed [1] - The potential impact of a government shutdown on the legislation is considered [1] Industry Trends - The podcast explores the exodus and potential return of crypto projects to the US [1] - It examines how crypto projects seek legal guidance [1] - The discussion includes whether the US will become the crypto capital [1]

Market Catalysts & Trends - The crypto market anticipates a significant catalyst, potentially larger than previous ones like the Genius Act and ETF approvals, which could substantially increase the Bitcoin price [1][2] - Google searches for crypto are at a bottom, indicating minimal retail interest, which historically suggests a potential buying opportunity [2][3] - Stablecoin market share continues to grow, with Ethereum dominance increasing from approximately 49-50% to 55% [10][11] Regulatory Landscape - The Clarity Act (market structure bill) is identified as a potential catalyst for the crypto industry, similar to the Genius Act's impact on stablecoins [16][17] - Prediction markets suggest a 33% chance of the Clarity Act being signed into law in 2025, a decrease from 37% due to a previous government shutdown [20] - The Genius Act had bipartisan support, indicating broad interest in crypto regulation [23] Company Performance & Stablecoin Adoption - Circle, the company behind USDC stablecoin, reported a 66% year-over-year revenue growth, reaching $740 million [6] - USDC usage on blockchains saw an enormous increase, reaching $96 trillion of volume in the quarter, up from $59 trillion in the prior quarter and over 600% year-over-year [6] - Stablecoins are viewed as a "Trojan horse" and an on-ramp for capital into blockchain products, with potential for trillions of dollars to flow into stablecoins [12][13]

Core Insights - Bridge, a stablecoin firm acquired by Stripe, has applied for a national bank trust charter with the Office of the Comptroller of the Currency (OCC) [1] - The application is part of a growing trend among cryptocurrency firms seeking charters under the recently established Genius Act, which provides a federal regulatory framework for stablecoins [2] - A successful application would allow Bridge to offer custody, stablecoin issuance, and management of stablecoin reserves, but it would not permit lending or taking insured deposits [3] Industry Context - The Genius Act, passed in June, has prompted several firms, including Circle, Paxos, Ripple, and Coinbase, to apply for trust charters with the OCC [2] - Anchorage Digital is currently the only crypto-native bank chartered by the OCC, highlighting the emerging regulatory landscape for stablecoins [4] - The stablecoin sector is at a "major inflection point," indicating a shift towards federal recognition of digital dollar infrastructure [5] Regulatory Challenges - There is opposition from bank industry trade groups against crypto firms obtaining national trust charters, with calls to postpone decisions on these applications [6] - The OCC has not granted any national trust charters this year, reflecting ongoing regulatory scrutiny [6]

Market Overview - Major cryptocurrencies, including Bitcoin and Ether, experienced gains following the release of private payroll data indicating a significant decline in jobs, with Bitcoin rising nearly 4% to around $17,000 and Ether increasing by 5% [2][3] - The ADP report revealed a seasonally adjusted loss of 32,000 jobs last month, with previous figures for August revised down from an increase of 54,000 to a loss of 3,000, leading to heightened expectations for potential rate cuts by the Federal Reserve [3][4] Industry Developments - Vision CISAI announced plans to establish a $2 billion Solana-based treasury, resulting in a sharp decline in its NASDAQ shares [5] - A note from JP Morgan indicated that 12 out of 14 tracked mining companies outperformed Bitcoin by approximately 6% in September, particularly those diversifying into AI, with the aggregate market cap of these miners growing faster than Bitcoin for the sixth consecutive month [6] - The SEC is moving towards allowing state trusts to act as crypto custodians, with assurances provided to law firms regarding non-enforcement actions for registered advisers [7][8] Legal and Regulatory Updates - Tornado Cash co-founder Roman Storm is seeking acquittal from conspiracy charges related to operating a crypto mixer, arguing a lack of evidence linking him to illicit activities [9][10] - The Blockchain Association has sent a letter to lawmakers defending the Genius Act, emphasizing its importance for legal clarity and innovation in the digital assets industry, and opposing efforts to amend the legislation [10][11][12] - The letter highlights concerns that reopening the Genius Act could undermine U.S. leadership in the crypto space and hinder innovation, as it provides essential legal clarity for stablecoin issuance [19][20] Future Outlook - There is optimism regarding bipartisan efforts in Congress to establish comprehensive market structure legislation for the crypto industry, with discussions ongoing between the House and Senate [21][22][23] - Recent regulatory harmonization efforts between the SEC and CFTC are seen as a positive development for the industry, potentially fostering innovation and reducing regulatory confusion [24][26][27]

Regulatory Landscape & Legislation - Coinbase launched a six-figure marketing campaign against banks advocating for a rollback of crypto exchanges allowing stablecoin rewards [1] - The Genius Act, passed in July, allows crypto exchanges to offer rewards for stablecoins, which banks are now challenging [1][2][3] - The Blockchain Association supports the Genius Act, while banks are attempting to modify it through the Clarity Act [9][10] - Coinbase advocates for the Clarity Act to establish a clear market structure for crypto, assigning jurisdiction to the SEC and CFTC [11][19][20] - The company is pushing for the Senate to pass its version of the Clarity Act, potentially incorporating elements from the House version [22][23] Market & Competition - Coinbase offers a 41% reward for holders of USDC stablecoin [6] - Banks are perceived as trying to eliminate competition from crypto exchanges offering higher rewards on stablecoins compared to traditional savings accounts (approximately 025%) [5][7][8] - The company aims to preserve competition in the financial system and prevent a monopoly by big banks [5] - Coinbase believes the continued growth and adoption of stablecoins indicate the success of the Genius Act [18] Tax Policy & SEC - Coinbase prioritizes sensible crypto tax policy and seeks fair treatment of crypto assets compared to other asset classes [27][28][29][30] - The company is pursuing FOIA litigation against the SEC, alleging unfair treatment of crypto assets and destruction of text messages by the previous administration [32][33][34][35]