Regulatory Environment & Institutional Adoption - The potential for a "stampede" of banks, institutional investors, and enterprises into the crypto space is anticipated due to evolving regulatory clarity, particularly in the US [2][3] - Institutional investors have been hesitant due to regulatory uncertainty, but are now showing increased interest in Bitcoin, Ether, and stablecoins [2] Ethereum & Ether's Potential - Ethereum is highlighted as the primary programmable ecosystem for stablecoins and tokenized real-world assets, with approximately 85% of off-chain assets being tokenized on its blockchain [5] - Ether is expected to experience significant demand as it fuels Ethereum transactions ("gas"), potentially surpassing Bitcoin in value over time [6][7] - Robinhood's plan to build a Layer 2 network on Ethereum, offering unique investment products, is expected to attract more users to the crypto ecosystem [6] Stablecoins & Payments - Stablecoin transactions reached an estimated $800 billion worldwide prior to recent legislation, representing a 100% increase year-over-year [8] - Institutional investors are expected to utilize stablecoins (dollar tokens) to purchase tokenized assets, transforming the payments ecosystem [9] - On-chain transactions on Ethereum are approaching a benchmark of costing about a penny and executing in under a second, contrasting with the traditional financial system's days and dollar costs [10]

Legislative Developments - The House has passed three crypto bills: market structure, banning central bank digital currency, and stable coins [1] - The stable coin bill is headed to the White House for signing [2] - Strong bipartisan support exists for both the stable coin and market structure bills [4] Industry Influence - The crypto industry spent almost $200 million on lawmakers' campaigns in the 2024 election [3] - The crypto industry has already allocated $141 million for the upcoming midterm elections [3] - The industry's bipartisan approach has yielded positive results in legislative progress [3] Key Focus - The market structure bill is considered key for the crypto industry [4] - The stable coin bill is viewed as a win for the crypto industry [4]

The House adopting a rule late last night to bring forward cryptocurrency legislation. That vote took more than nine hours as Republican leadership worked to win over holdout members. A bill to establish federal guidelines around stable coins is likely to be the first bill passed.And joining us right now to talk about this is New Jersey Democrat, Congressman Josh Godheimer. Um, Congressman, first of all, welcome. Um, normally what we see Thanks for having me.Great to see you. Thanks for being here. Normally ...

When we think about crypto, most people think immediately Bitcoin or Ethereum or maybe it's memecoins, whatever was hyped up and talked about for, you know, years on end, that's what they're locked in on. Even outside of crypto, if you talk to people about crypto, the first thing that they mention is, isn't that Bitcoin. Because they are unaware of what's actually in this space.And when I say that, I mainly mean utility based projects. Utility based crypto projects is something that a lot of people actually ...

Market Trends & Inflation - Bitcoin fell after inflation data showed prices climbed 2.7% in June [1][2] - Standard Chartered is launching digital asset trading service for institutional clients, allowing spot trading of Bitcoin and Ether [2][3] Regulatory Landscape & Legislation - Grayscale confidentially submitted an S1 with the SEC to list on a US stock exchange, number of shares and price range have not yet been determined [1][4] - The House failed to clear a procedural hurdle to move crypto bills forward, facing opposition from both Republicans and Democrats [7] - Coinbase's chief legal officer discussed the Clarity Act, the Genius Act (Stablecoin Regulation Bill), and the Anti-CBDC Surveillance State Act, emphasizing the need for regulatory clarity [8][9] - The Genius Act has already passed the Senate and could be signed by the president soon [10] - The Clarity Act aims to clarify the jurisdiction of the SEC and CFTC over digital assets [11][12][13] - The President aims to sign stable coin legislation by August recess and wants a market structure bill ready for signature no later than September 30th [19][20] Stablecoins & Blockchain Adoption - White House official David Saxs said more companies could be encouraged to use blockchain technology if the Genius Act passes, potentially leading to wider adoption by institutions like banks, Visa, and Mastercard [5][6] - US law recognizing stable coins is critical for confidence in the market and for major institutions to invest in this technology [15][16] Coinbase & Political Action - Fair Shake, a political action committee focused on the crypto industry, has $141 million cash on hand, including an additional $25 million contribution from Coinbase [22] - Coinbase has contributed nearly $100 million to Fairshake to date, supporting the enactment of sensible rules for crypto on a bipartisan basis [22][23]

Well, look, I think as the crypto industry has emerged from kind of the last administration where the industry was being attacked, working with the most trusted, the most, you know, well- reggulated and even the best capitalized partners is a way to continue to build trust in this system. And stable coins at their core by their nature, it's, you know, a dollar backed with a dollar in deposits. uh BNY Melon has you know for a very long time been amongst the most trusted partners out there for uh as a custody ...

This is the year and the time is now for crypto to move beyond Bitcoin and memecoins and introduce fundamental utility. And that's why we're most excited about tokenization of real world assets. Real world assets with utility being live on blockchains and taking getting the benefit from everything that crypto technology has to offer.Um that's that's one. two, uh we think in the future crypto and traditional financial services will fully merge and crypto will become the infrastructure layer behind all kinds ...

Circle shares have surged nearly 500% above their recent Blockbuster IPO price on June 5th, fueled by the Senate's passage of the Genius Act, regulatory framework for stable coins. Financial services company is in focus today after a slew of analysts initiated coverage on Circle. And join me now is Owen Laauo, Oppenheimer D executive director and senior analyst who has a market perform rating on Circle and says to expect total stable coin market cap to grow to 1.6% 6 trillion in 2025.Owen, it's good to see ...

Tana, uh, Coinbase, bring us up to date. Yeah, Mike, up more than 40% in June for its best month since November. Third monthly gain in a row and first three-month rally since 2023.Not just the best performing S&P stock this month, it's also the only S&P stock to double quarter to date. Some clear themes driving the gains, including the Senate's passage of the Genius Act and Circle's successful IPO. Also, of course, it's very inclusion in the S&P 500 in late May.So, quite the debut here. Uh, this is also hap ...

Joining us right now is Funstrat's Tom Lee. He's also a CNBC contributor and this morning he's got some news. Bitcoin miner Bitmine Immersion Technologies announcing that Tom will become its chairman.Um Tom, welcome first of all. And this is some big news. It's kind of complicated, but probably suffice to say that you all are doing uh basically what Micro Strategy did uh with Ether.You're going to make Ether the purchases that you buy through this. you're going to set this whole thing up like this. You want ...