Coinbase just launched a sixf figureure marketing campaign pushing back against big banks who are advocating for a roll back of crypto exchanges allowing for stable coin rewards. You actually took to X yesterday and you said that the Genius Act needs to stay as is and that big banks are pushing for a quote bailout. Now, the Genius Act passed in July became law and ever since then customers are not allowed to earn interest on stable coins.But Coinbase and other crypto exchanges are allowed to offer rewards f ...

Bitcoin Breaks $120K Again | ETH Frenzy Begins | XRP, ADA, SOL Pump | Crypto Laws Pass! This week was historic — not just for price action, but for crypto legislation, ETF inflows, and a full-blown ETH redemption arc. In this livestream, we break down Bitcoin’s $120K breakout, the passing of ALL THREE major crypto bills in the U.S., and what Trump’s 401k crypto move means for institutional inflows. We also cover ETH’s parabolic rise driven by treasuries, staking ETFs, and futures markets — with Tom Lee call ...

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]

Regulatory Framework & Legislation - The US lacks comprehensive crypto and stablecoin regulations outside of New York's DFS [3] - Proposed legislation aims to establish a national framework for governing crypto technology, crucial for maintaining the dollar's supremacy [3] - The "genius" bill addresses stablecoins, drawing from New York's guidelines, emphasizing one-to-one reserving [5] - A key risk is the bill's allowance for unregulated foreign issuers in the US for three years, potentially disadvantaging domestic companies [12][13] - The bill includes an 18-month period between enactment and effectiveness, followed by another 18-month grace period for overseas entities [13][14] Stablecoins & Market Dynamics - Stablecoins promise to revolutionize financial infrastructure, enabling faster and cheaper transactions across borders [10] - The regulatory framework could facilitate the entry of new players into the stablecoin market by clarifying expectations [7] - Circle is currently a dominant player in the stablecoin market, already adhering to New York's one-to-one reserve requirements [6][7][8] - Stablecoins have the potential to compress margins on fees in the financial transaction sector [8][9] Innovation & Future Outlook - Tokenization of real-world assets, such as private company stock, is a topic of discussion, but the bill's impact on its legality is unclear [4] - The industry is still in its early stages, with significant potential for smart contracts and increased efficiency [11]

Market Trends - US Ether exchange-traded funds experienced record inflows and trading volumes [1] Regulatory Developments - Key crypto legislation endorsed by Donald Trump is advancing [1]

Regulatory Framework & Market Impact - The US Senate passed the Genius Act, establishing a regulatory framework for stablecoins, potentially integrating trillions of USD into the crypto market [2] - The Genius Act aims to establish a progrowth regulatory framework for payment stablecoins, potentially solidifying US dollar dominance [4] - The Act mandates one-to-one backing of stablecoins with cash and short-term US treasuries [5] - Stablecoin issuers could become the world's largest holders of US treasuries by 2030, enhancing fiscal resilience and USD dominance [8] Compliance & Operational Standards - Stablecoin issuance is restricted to insured depositories, federal/state qualified issuers, requiring adherence to reserve requirements and integrity standards [9][10] - Reserves must be backed one-to-one by Federal Reserve balances, cash, demand deposits, or treasury instruments, with rehypothecation generally banned [10][11] - Issuers must have clear redemption procedures, publish monthly audited reserve reports, and annual independent audits, while not marketing stablecoins as legal tender or FDIC insured [12][13] - Custody of reserves and private keys must be held by FDIC/NCUA banks, OCC charter trust banks, or federally supervised custodians, subject to recurring audits [13] - Issuers and custodians must comply with anti-money laundering regulations, including the ability to freeze tokens on lawful order, with the Treasury potentially blocking non-compliant foreign stablecoins [14] Market Trends & Opportunities - Coinbase is seeking SEC approval for tokenized equities, indicating a convergence of traditional finance (Web 2) and crypto (Web 3) [18][19] - JP Morgan partnered with Coinbase-backed Ethereum L2 base to launch JPMDcoin, a USD deposit token for institutional clients, signaling Ethereum adoption [22] - Bitcoin represents 1.3% of global money, indicating substantial upside potential compared to the traditional financial system [21]