Kristen Smith joins us now. She's the president of the Salana Policy Institute. Kristen, great to have you with us.Um I believe according to the notes that you think the Genius Act is going to be the most important for the crypto industry. Why is that. Yeah, well I think that the first two bills you mentioned, the Genius Act and the Clarity Act are both incredibly important for the crypto industry.Um what's really exciting about the Genius Act is that bill now goes to the president's desk. So this is the fi ...

Crypto Legislation & Regulation - The US House passed the Crypto Clarity Act, advancing it to the Senate [1] - The Genius Act, a stablecoin bill, passed in the House with a vote of 308 to 122, with 102 Democrats in favor, and is expected to be signed into law [2][3] - The US House also passed the anti-Central Bank Digital Currency (CBDC) Surveillance State Act, effectively banning CBDCs in America [4] Genius Act (Stablecoin Bill) Implications - The Genius Act establishes federal rules for stablecoins, requiring qualified issuers, backing by US dollars or short-term treasuries, monthly disclosures, and annual audits [6][7] - The stablecoin market is over $250 billion and is predicted to potentially double or triple in three years [8] - Stablecoins facilitate 24/7 money transfers, instant settlements, and reduced remittance fees, potentially creating new demand for hundreds of billions in short-term US treasuries [9] Clarity Act & Blockchain Recognition - The Clarity Act recognizes Bitcoin, Ethereum, and Cardano as likely mature blockchains under US standards, indicating sufficient decentralization [16][17] - The Act suggests that other blockchains can demonstrate sufficient decentralization to be considered mature [19] Ethereum Ecosystem - Ethereum benefits from the stablecoin bill, holding approximately half of the existing stablecoins [10] - Ethereum daily transactions hit 140万, the highest since 2021 [22] - BlackRock applied to add staking to its Ethereum ETF, potentially increasing demand for ETH [21]

RT Brad Garlinghouse (@bgarlinghouse)The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and I, for one, am looking forward to all that is to come as a result of this transformational legislation.Thank you to the bipartisan leaders that got it done – @RepFrenchHill, @GOPMajorityWhip, @Con ...

~$860 billion to go 🫡 https://t.co/sevYd1UEsFSBET (SharpLink Gaming) (@SharpLinkGaming):Stablecoins to a trillionOn Ethereum ...

RT RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams)Genius bill passed.Stablecoins on Ethereum to trillions.ETH to trillions. ...

RT Dante Disparte (@ddisparte)The House vote to clear the GENIUS Act for the President’s signature is a defining moment for the future of money and the internet financial system. It signals strong bipartisan support for responsible innovation and sends a clear message that the U.S. will lead in the regulation of dollar-backed payment stablecoins. We commend Congressional leaders for delivering a regulatory foundation that puts consumer protection, financial integrity, and U.S. competitiveness at the forefro ...

The GENIUS Stablecoin Act has passed the house.This is a victory that represents years of advocacy from across the industry, with leaders like Sei Labs founders @Jayendra_jog and @jeffdfeng taking their message to DC and engaging lawmakers on common sense regulation that fosters innovation rather than stifles it.It's the product of years of hard-fought legal battles, spirited discussions, and an unwavering belief in a better way to empower the exchange of finance.Stablecoins are one of the greatest innovati ...

JUST IN: The U.S. House has officially passed the GENIUS Act.This is a historic moment for the crypto industry as GENIUS establishes the first clear regulatory framework for fiat-backed stablecoins in the world’s largest economy 🧵↓ ...

This is the bit that I'm trying to understand. It is crypto week and there seems to be a lot of excitement and that excitement alone is driving inflows into various places and trading activity across the world of crypto. Is that a good rationale, Christine.Well, first of all, happy crypto Week. It's great to see you. Yeah, I think there's a lot of excitement within the crypto industry, within the policymaking industry, but within the broader financial services industry around what's happening in Washington ...

Market Trends & Institutional Adoption - Institutional adoption is a tailwind for Bitcoin, potentially driving its price towards $120 thousand [1] - Discussion on institutional vs retail investors buying Bitcoin [1] - Analysis of why institutions are finally allocating to Bitcoin [1] Policy & Regulation - Examination of crypto week activities in Washington DC, including bills and political maneuvering [1] - Focus on the political economy of crypto vs Bitcoin, including political spending and influence [1] - Analysis of the GENIUS Act and stablecoin politics [1] - Discussion of CBDCs vs stablecoins, focusing on privacy, control, and the future of money [1] - Examination of the Tornado Cash case and open-source legal risks [1]