June 22, 2025
GENIUS and CLARITY on Capitol Hill
Dear Subscriber,
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| By Dawn Pennington |
Last week, the “Guiding and Establishing National Innovation for U.S. Stablecoins Act” headed to the Senate for a vote.
This week, the U.S. Senate passed the GENIUS Act on Tuesday with bipartisan support.
Now, the bill heads to the House of Representatives.
If it passes, the president is expected to sign it into law.
And it would take anywhere from three to 18 months to implement, in its current form.
Senate Banking Committee Chairman Tim Scott, in a Washington Examiner op-ed, said the act can help “ensure the U.S. leads, not lags, in the digital asset revolution.”
Fix the Money, Fix the World?
At Bitcoin2025, which took place May 27-29 in Las Vegas, just about everyone agreed that if we can fix the money … we can fix the world.
And the way to do that is with digital currencies.
Considering that Bitcoin2025 was the largest gathering of crypto enthusiasts – with more than 30,000 of us in attendance, including the First Brothers …
And considering that we collectively set a Guinness World Record — “Most Bitcoin Point-of-Sale Transactions in 8 hours” — with over 4,187 Lightning-powered transactions recorded on May 28 …
Cryptocurrencies aren’t going away anytime soon.
Now, with the GENIUS Act set to provide a framework for dollar-denominated stablecoins …
And the CLARITY Act set to guide the country on how to regulate lending, staking and custody of digital assets …
There’s little wonder why cryptos are sitting near their all-time highs this week. And why Circle Internet Group (CRCL, Not Yet Rated) had one of the best IPOs in years:
Circle issues USDC, the second-largest stablecoin. Shares of CRCL, which debuted June 5, just hit an all-time high at $250.
USDC is pegged to the U.S. dollar in a 1-to-1 ratio.
And while the greenback has weakened recently, crypto fans need not despair.
That’s because rumors of its demise give the OG crypto a boost.
Potentially this big one, if the rumors end up coming true …
The Dollar’s Life Cycle Is Bullish for Bitcoin
When the U.S. dollar got de-pegged from gold, the newly untethered yellow metal went from $35 an ounce to $3,500 today. And the dollar got debased. It’s coming time to name a successor to the dollar’s reserve currency status. And that successor, Bob Czechin argues, is likely to be Bitcoin.
Bitcoin’s Revolution Takes a Twist
The trade war blues have brought volatility to the cryptoverse. This week, Jurica Dujmovic pointed out that the trading action suggests bigfoot investors aren’t treating Bitcoin as a true store of value. For now, that honor still goes to gold, which is up 30% this year.
Bitcoin Treasurys Usher in Corporate Crypto Era
Just because the bigfoot investors may not be buying Bitcoin doesn’t mean there isn’t big buying. Mark Gough is following the participation from public tech and fintech firms. And it’s clear that, as Bitcoin finds its way onto more companies’ … and countries’ … balance sheets, its crypto era has begun.
SEC Eyes Era of Digital Dividends
In a quiet regulatory U-turn, the SEC has begun to work directly with ETF issuers to own crypto and earn income from it via staking. Marija Matic does a deep-dive this week into how issuers might soon be able to get digital dividends from their digital gold.
This Recent Clash Reveals a Key Crypto Tailwind
The United States seems to be embracing the idea of a perma-deficit. Juan Villaverde believes this is a boon for crypto. Every time the money-printing presses run, the less purchasing power the greenback has … and the more correlated Bitcoin’s price gets to global liquidity.
To your health and wealth,
Dawn Pennington
Editorial Director
