ETH has been dominating the headlines lately with rising hype and ever higher price targets. As always, this FOMO has everyone overlooking everything that could go wrong. So, today we're looking at the biggest risks to Ethereum, what kind of impact they might have, and what all of this means for ETH.My name is Nick, and if you hold ETH, this is a video you cannot afford to miss. First up, I am not a financial adviser and nothing in this video should be considered financial advice. This is educational conten ...

Japan’s immigration agency plans to tighten the rules for granting business manager visas as the program has increased in popularity https://t.co/45p7nri8Od ...

Regulatory Framework - The GENIUS Act establishes a supervisory system for stablecoins mirroring that of national banks [1] - US stablecoin issuers will be supervised by the FRB, the FDIC, the OCC, or a state banking agency [2] - Issuers must maintain reserves backing their coins on at least a 1:1 basis with high-quality, liquid assets [2] - Monthly disclosure of reserve composition is required for stablecoin issuers [2] Market Impact - Enhanced supervision is expected to create a sense of safety in stablecoins [3] - Increased safety perception is anticipated to drive mass market adoption of stablecoins [3] - Current lack of widespread stablecoin adoption is attributed to a lack of perceived safety compared to traditional banks [1]

Institutional Crypto Market Maturation - Crypto market has matured with deep liquidity, ETF rails, and stablecoin clarity [1] - Wall Street is increasingly interested in crypto [2] - The next wave involves digitally native issuance of treasuries, bonds, and equities on Ethereum [2] Macroeconomic Tailwinds & Crypto Reflexivity - Macro tailwinds such as fiscal dominance, Fed–Treasury convergence, and AI-driven productivity intersect with crypto's reflexivity [2] Regulatory Landscape - Discussion of Operation Chokepoint takeaways [2] - Examination of crypto regulation shifts [2] - Considerations for working with different jurisdictions [2] Future Trends - Focus on the future of tokenization [2] - Analysis of the aftermath of Crypto ETFs [2] - Speculation on how high crypto can go [2] Investment & Strategy - Insights into Eric's macro trades [2] - Discussion of potential risks [2] - Overview of Coinbase Asset Management [1][2]

Regulatory Landscape & Key Questions - The industry awaits clarity on whether banks can issue tokenized deposits under the GENIUS Act [1] - Uncertainty persists regarding the capital reserve requirements for banks holding stablecoins [1] - Non-bank entities, especially fintech firms in the crypto space, are lagging in meeting banking compliance standards [1] - Regulators, such as the Federal Reserve, are expected to foster a level playing field, addressing potential competitive disadvantages for banks [1] - Ambiguity remains regarding whether a recipient customer must complete onboarding at the originating bank when tokenized deposits are transferred between banks [1] Potential Developments & Challenges - Information sharing between banks, currently not possible, could significantly benefit community banks burdened by high compliance costs [1]

Industry Regulation - Heavy-handed regulation of a flourishing industry could backfire [1]

Regulatory Landscape & Legislation - The Clarity Act aims to establish a clear regulatory framework for crypto, fostering innovation and protecting consumers by addressing the shortcomings of the current US regulatory environment [2][5] - The Clarity Act seeks to solve the problem of companies moving offshore due to a lack of consumer protection and hindered innovation by encouraging innovation and development in the United States [4][5] - The Genius Act, a stable coin regulation bill, has been signed into law, marking a significant milestone and a watershed moment for crypto regulation in the US [6][8] - The industry believes the US is catching up in crypto regulation after four challenging years, with companies desiring to innovate and develop within the US regulatory framework [6][7] - The Senate needs to act quickly on the Clarity Act, as the House-approved framework has garnered broad support and addresses key regulatory needs [11][12] Market Impact & Investment - The Clarity Act, combined with the Genius Act, is expected to drive significant investment in the United States, benefiting workers, consumers, and the entire crypto industry [8][9] - The stable coin market is recognized as significant, with potential for domestic payment rail improvements and global impact, especially in regions with less confidence in national currencies [20][21] - Regulated entities, such as US banks, are now able to enter the stable coin market, offering US dollar-backed stable coins under a US regulatory framework, which is beneficial for US dollar dominance [21][22] - The industry anticipates smaller players will be able to enter the crypto market and innovate without the burden of high legal costs, fostering a true democratization of the internet (Web3) [36][37] Tax Policy & Oversight - The current tax framework for crypto is considered poorly structured, and the industry suggests taxing crypto upon the realization of gains, similar to the taxation of mined gold [31][32] - Congress will oversee the rulemaking process by regulators like the SEC and CFTC to ensure rules align with legislative goals and intent, especially after the Supreme Court's decision on the chevron doctrine [29][30]

Regulatory Landscape - From January 1, 2026, EU crypto exchanges and non-EU platforms serving EU clients must share transaction details with local tax authorities under DAC8 [1] - DAC8 requires exchanges (RCASPs) to report trades, transfers, wallet movements, and values [1] - CARF adds global alignment, user tax IDs, residence, transaction type, fair-value, and even wallet transfers to disclosure requirements [1] - EU regulators could classify any identifiable operator, dev team, or front-end providing access to DeFi protocols as a CASP/RCASP, requiring reporting [3] DeFi Implications - Fully decentralized DeFi protocols (just code, no operator) cannot file CASP/DAC8 reports, meaning they can't share user information with the government [2] - DeFi is maturing into on-chain finance, but regulators will likely focus on the central authority often embodied by 'Labs' or 'Foundations' [2] Transparency and Compliance - The industry is moving towards full transparency, requiring individuals to ensure their tax documents are in order [2]

Always supporting regulators and law enforcement to weed out bad actors! https://t.co/ZLinjzsDIc ...

China said it plans to introduce new rules for internet platform pricing to ensure a transparent and predictable mechanism https://t.co/YGmDCTN2lD ...