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 ...

House Republicans now appear to have the support needed to move forward with that key crypto regulation bill and it is boosting crypto prices along with some related names like strategy. Let's get to Emily Wilkins this morning from DC after a brief moment there Emily where people were questioning the speaker's hold on some of those hardliners. Carla, it was a very dramatic couple hours yesterday.As you remember, about a dozen Republicans blocked a vote to advance to voting on the crypto bills, but there was ...

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 ...

Paul Greywall, Coinbase's chief legal officer. Thank you very much for joining us. Thanks for having me.It's a huge week for digital assets in DC as crypto week kicked off yesterday. Three major cryptoreated bills are on the table. The Clarity Act, the Genius Act, Stablecoin Regulation Bill, and the Anti-CBDC Surveillance State Act.What are you hoping is accomplished in DC this week. Are you confident we'll see some of these bills move closer to becoming law here in the US. Well, we're hoping to see progres ...

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]