JUST IN: 🇺🇸 Congressman Dusty Johnson says crypto market structure bill "will launch a golden age of innovation and digital assets.""This is huge." https://t.co/WC11d0Dr20 ...

🔥 BULLISH: Fox Business guest predicts Bitcoin will hit $150,000 in the next 6 months.“This is the golden age of digital assets.” https://t.co/LNHajcz2Qd ...

JUST IN: Fox Business discusses Bitcoin reaching $150,000 within 6 months."It's gonna happen in the next 6 months, this is the golden age of digital assets" https://t.co/P1HamB8SPi ...

RT CoinDesk Indices (@CoinDeskMarkets)“As digital assets move from the edges of portfolios to their core, tools that bring discipline and structure become increasingly important,” says @JdvXbt of @CoinDeskDatahttps://t.co/cEX0U9U3wv ...

Crypto Regulation Bills - House Republicans appear to have the support needed to move forward with key crypto regulation bills, boosting crypto prices [1] - The House is set to pass three major bills the crypto industry has been asking for: regulations on stable coins (Genius Act), market structure for digital assets (Clarity), and a ban on a central bank digital currency (CBDC) [2][3] - The stable coin bill already passed the Senate and is expected to pass in the House and potentially be signed into law before the end of the week [4] - The market structure and central bank digital currency bills are more complex and will need to go to the Senate, potentially taking longer to get done [5] - The crypto industry is particularly interested in the market structure bill, as it is expected to have a major impact [6] Political Considerations - Republican opposition to the crypto bills stemmed from concerns that passing the stable coin bill first would reduce pressure to ban a central bank digital currency [8] - Some House Freedom Caucus members are concerned that a central bank digital currency could lead to surveillance of Americans' financial transactions [8] - Trump reassured holdouts that a digital currency ban could be put in place, making them more comfortable moving ahead with the intended votes [9] Senate Action on Rescissions Package - The Senate is considering a rescissions package, with a key vote taken to advance the bill [11] - An agreement was reached to leave funding in place for a program meant to stop and prevent AIDS, unlocking some votes [12] - Funding for local radio stations is another area of concern for lawmakers [13] - The Senate must complete the rescissions package before Friday, the 45-day deadline [13]

JUST IN: Fox Business discussing Bitcoin potentially hitting $150,000 this year 👀"It's gonna happen in the next 6 months, this is the golden age of digital assets" 🚀 https://t.co/ungcHfx9X0 ...

Regulatory Landscape & Legislation - The industry is seeking clarity on crypto regulations in the US, particularly regarding which regulator (SEC or CFTC) has authority over different digital assets [2][4][6] - The industry is focused on the passage of three key bills: The Clarity Act (market structure), the Genius Act (stablecoin regulation), and the Anti-CBDC Surveillance State Act [1][3][4] - The Genius Act, focused on stablecoins, has already passed the Senate and is expected to be ready for presidential signature soon [3][7] - The Clarity Act is considered a top legislative priority, aiming to define when an asset is a security (SEC oversight) versus a commodity (CFTC oversight) [5][6] - The industry believes that passing both the Genius Act and the Clarity Act is crucial for the US to remain competitive in the crypto space [4][7] Stablecoins & Financial System - The industry views stablecoins as an important element of the financial future and a critical infrastructure for payments, both domestically and internationally [8][9] - The industry believes that recognizing stablecoins in US law will boost confidence in the market and encourage institutional investment in the technology [8][9] Political & Industry Actions - Coinbase has launched a six-figure campaign to urge Congress to pass the Clarity Act [5] - Coinbase has contributed nearly $100 million to date to Fairshake, a political action committee focused on the crypto industry, including an additional $25 million contribution recently [16] - Fairshake had $141 million cash on hand as of June 30th [15] - The industry anticipates future focus on crypto tax policy and seeks legislators with a pragmatic approach to these issues [18][19] Legal Challenges - Oregon is pursuing legal action against Coinbase, alleging securities law violations, despite similar claims being rejected elsewhere [20][22] - Coinbase has filed a counter-suit against Oregon, seeking public records related to the state's change in position on digital assets [20][23]

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]

Regulatory Landscape - Three crypto bills are under consideration, with one potentially heading to Trump's desk this week [1] - Republican members are concerned that prioritizing the stable coin bill could jeopardize the passage of a larger bill on digital asset market structure [2] - Disagreement exists regarding the optimal approach for passing these bills [2] Legislative Process - A key procedural vote failed due to opposition from approximately a dozen Republicans [1] - Republican leadership is currently regrouping and engaging with members, with a potential revote expected later this afternoon [2] - Concerns are rising that failure to resolve the procedural vote could impede progress on the actual bill votes later this week [3] Industry Impact - This week is considered a crucial period for the crypto industry and lawmakers advocating for these bills [3] - The industry is facing uncertainty as the progress of the crypto bills is being stalled [3]

Market Trends & Investment Opportunities - Circle's shares have increased by 540% since its IPO last month [1] - Argus initiates Coinbase with a buy rating after its shares more than doubled in the past three months [2] - The potential of updating the financial system with new technological rails for value transfer is enormous for Coinbase and the economy [3] Regulatory Landscape & Impact - The US government's previous stance was an all-out war against innovation in digital assets, but the current period is more normalized [4][5] - The Genius Act specifically addresses stable coins and could be a significant boon for the US government [6] - Stable coin legislation, requiring one-to-one backing with safe assets, could drive trillions of dollars in demand for treasury bills over the next decade [7] - The Genius Act is on the verge of triggering a payment revolution, with the House expected to pass it and the President likely to sign it into law soon [8][9] Stablecoin & Treasury Market Dynamics - For every tokenized dollar issued, $1 will be held in reserves, typically in US treasuries [9] - Stable coin issuers are currently the 16th largest holders of US treasuries globally [9] - Stable coin issuers could potentially become the largest holders of US treasuries, surpassing China and Japan [9] - This development is critical given the high debt levels in the US economy [10]