GENIUS Act Stablecoin Bill Passes, Potentially Setting Stage for Bitcoin Growth
GENIUS Act Stablecoin Bill Passes, Potentially Setting Stage for Bitcoin Growth
🏛️ Stablecoin Bill Plot Twist
The GENIUS Act Stablecoin bill has successfully passed despite last-minute opposition from anti-crypto Democrats. The bill, which faced a contentious vote after initially being considered a slam dunk, represents a significant regulatory development for cryptocurrency markets.
- Vote occurred at 1:45pm following a cloture motion
- Bill passage may influence Bitcoin's trajectory
- Analysis suggests potential long-term price implications
For detailed analysis of the bill's impact and market implications, watch the full breakdown: Full Episode
Note: Market projections are speculative and should not be considered financial advice.
NEW: Stablecoin bill (GENIUS Act) lined up for a roll call vote tomorrow at 1:45pm to invoke cloture on the motion to proceed
NEW: The GENIUS Act Stablecoin bill is heading into a critical vote today, but not before some anti-crypto Democrats make one last stand In our latest episode, we dig into how the vote slipped from a slam dunk to being so contentious — and what happens next ⬇️
NEW: Why the GENIUS Act Stablecoin bill passing could start Bitcoin's slow grind to $175,000
Coinage DAO Completes Third Monthly Token Burn Based on Viewer Engagement
The Coinage DAO has completed its third consecutive monthly token burn, destroying 76,512,246 $PLYBTN tokens in May. This burn is part of their READ/WATCH/OWN mechanism that ties token burns to video view counts on YouTube and X (formerly Twitter). The initiative, which began with an 86 million token burn (~$50,000) in March, continues to reward community engagement through content consumption. This aligns with their Solana contentcoin experiment. - Third consecutive monthly burn completed - 76.5M+ tokens burned in May - Burn rate tied to platform viewership - Part of ongoing Solana ecosystem experiment *Visit [coinage.media](https://coinage.media) to learn more about the DAO's content initiatives.*
Circle Share Analysis and NYSE Debut
Circle ($CRCL) made its NYSE debut, pricing shares at $31 - higher than the marketed range. Coinage NFT holder @SeanMFarrell provided analysis on $CRCL's financial outlook: - Every 25 basis points reduction in reserve rate projected to impact 2026 EBITDA by ~$100M - Base price target for 2026 set at $58.50 per share This analysis suggests significant growth potential while acknowledging monetary policy sensitivity.
Companies Shift from Bitcoin to Solana Treasury Strategy
A notable trend is emerging as companies pivot from Bitcoin to Solana for their treasury strategies. VanEck's Matthew Sigel and DeFi Dev Corp's Parker discussed implementing Michael Saylor's corporate treasury playbook using Solana instead of Bitcoin. Key points: - Multiple publicly traded companies now following treasury strategy - Notable adopters include $MSTR, $STRK, $DFDV, $GME, $MTPLF - Saylor addressed this trend in Bitcoin2025 keynote [Watch the full interview](https://www.youtube.com/watch?v=UQCeFdt3oGc)
Circle's IPO Success Raises Questions About Centralized vs Decentralized Stablecoins
Circle ($CRCL), a centralized stablecoin issuer, has achieved remarkable success in its IPO, with shares surging 300% and reaching a $20 billion valuation. The dramatic rise benefits early investors and Coinbase. This success contrasts with Do Kwon's vision: *A decentralized economy needs decentralized money.* - Initial IPO surge: 163% - Additional gain: 16% - Current valuation: $20B+ For detailed analysis: [Watch the full Circle IPO episode](https://www.youtube.com/watch?v=2OW8ywnOb-U)
Rep. Waters Criticizes CLARITY Act at Crypto Infrastructure Hearing
During a crucial House Financial Services Committee hearing on cryptocurrency market infrastructure, Representative Maxine Waters expressed strong criticism of the CLARITY Act. The Committee Chair stated: *The only thing clear about this bill is we need to start over.* The hearing addresses two significant pieces of legislation: - The CLARITY Act - Stablecoin regulation bills This comes as Ethereum leads market movements ahead of these important regulatory discussions. [Watch the full hearing](https://x.com/i/broadcasts/1eaJbWVBLLvxXWe)