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🚨 GENIUS Act stablecoin bill achieves final passage in the U.S. Senate in bipartisan vote of 68-30 (including 18 democrats) we expect it to ultimately pass the House and hit the President's desk by Aug recess, though could be a lil bumpy senate vote tally below 👇
🚨 GENIUS Act stablecoin bill achieves final passage in the U.S. Senate in bipartisan vote of 68-30 (including 18 democrats)

we expect it to ultimately pass the House and hit the President's desk by Aug recess, though could be a lil bumpy

senate vote tally below 👇
should i: a) drink this tonight b) wait until $120k c) hodl and resell in a few years
should i:

a) drink this tonight
b) wait until $120k
c) hodl and resell in a few years
WSJ reported today that Amazon and Walmart were “exploring issuing their own stablecoins” this story is extremely misleading because it omits the *crucial* fact that the GENIUS Act explicitly prohibits non-financial pubcos from issuing! see §4(a)(12), which sets an extremely high bar for such a non-financial company to meet to gain an exemption — such a high bar to as likely be impossible. (see highlight in second image). they could certainly *use* stables, but very most likely impossible for them to issue feels like WSJ should have mentioned that, especially since the story impacted markets a fair amount today 🤔
WSJ reported today that Amazon and Walmart were “exploring issuing their own stablecoins”

this story is extremely misleading because it omits the *crucial* fact that the GENIUS Act explicitly prohibits non-financial pubcos from issuing!

see §4(a)(12), which sets an extremely high bar for such a non-financial company to meet to gain an exemption — such a high bar to as likely be impossible. (see highlight in second image). they could certainly *use* stables, but very most likely impossible for them to issue

feels like WSJ should have mentioned that, especially since the story impacted markets a fair amount today 🤔
bitcoiners spotted this morning at coinbase’s state of crypto conference in NYC @MichaelRihani @frankcorva @satsie @Nneuman @RussellOkung @sprainhill @natbrunell @ejuline @nico_lechuga @aubreystrobel @neha
bitcoiners spotted this morning at coinbase’s state of crypto conference in NYC

@MichaelRihani @frankcorva @satsie @Nneuman @RussellOkung @sprainhill @natbrunell @ejuline @nico_lechuga @aubreystrobel @neha
after the GENIUS Act vote at ~2pm today, 30 hours of floor debate kicked off on stablecoins in the senate.. all day it’s been a parade of democrats criticizing the bill for enabling “trump’s crypto corruption” but this is political theater that is intentionally misleading 👇
after the GENIUS Act vote at ~2pm today, 30 hours of floor debate kicked off on stablecoins in the senate..

all day it’s been a parade of democrats criticizing the bill for enabling “trump’s crypto corruption”

but this is political theater that is intentionally misleading 👇
proud to speak again at the bitcoin policy summit in DC later this month this will be the first time i ever speak for <5min but will make it work.. 😂 this whole event will be epic -- come join us june 25!
proud to speak again at the bitcoin policy summit in DC later this month

this will be the first time i ever speak for <5min but will make it work.. 😂

this whole event will be epic -- come join us june 25!
2025 is on track to be the most dangerous year ever for crypto owners 🔧💥 more than 25 documented physical attacks against crypto owners this year, and the year isn’t even half way done chart by @glxyresearch w/ data from @lopp
2025 is on track to be the most dangerous year ever for crypto owners 🔧💥

more than 25 documented physical attacks against crypto owners this year, and the year isn’t even half way done

chart by @glxyresearch w/ data from @lopp
critics: bitcoin is a dangerous anti-government currency, mostly for criminals. don’t buy! also critics: bitcoin’s anti-government roots are dead because governments and institutions buying it! see, it failed! don’t buy! 🤔
critics: bitcoin is a dangerous anti-government currency, mostly for criminals. don’t buy!

also critics: bitcoin’s anti-government roots are dead because governments and institutions buying it! see, it failed! don’t buy!

🤔
when i met the circle team in 2018 (while at fidelity) and heard the story of their pivot to a "stablecoin" i thought they were crazy and grasping at straws. i was wrong! epic for them to go public after more than a decade of basically trying every business model in crypto 👏
when i met the circle team in 2018 (while at fidelity) and heard the story of their pivot to a "stablecoin" i thought they were crazy and grasping at straws. i was wrong!

epic for them to go public after more than a decade of basically trying every business model in crypto 👏
the aggregate loan book size of crypto lenders rose in Q1 2025 to the HIGHEST since Q1 2022 (the literal top) LEDN jumped into 2nd place after a monster Q1, followed by new contributor Two Prime, Galaxy & Coinbase this & other fascinating insights in our Q1 leverage report 👇
the aggregate loan book size of crypto lenders rose in Q1 2025 to the HIGHEST since Q1 2022 (the literal top)

LEDN jumped into 2nd place after a monster Q1, followed by new contributor Two Prime, Galaxy & Coinbase

this & other fascinating insights in our Q1 leverage report 👇
cumulative flows into crypto ETPs/ETFs since jan 2024 USA: +$60bn everywhere else: -$1.7bn 🇺🇸🇺🇸🇺🇸
cumulative flows into crypto ETPs/ETFs since jan 2024

USA: +$60bn
everywhere else: -$1.7bn

🇺🇸🇺🇸🇺🇸
this is looking like a longer and more measured bitcoin cycle than priors
this is looking like a longer and more measured bitcoin cycle than priors
this year’s bitcoin conference marked the
this year’s bitcoin conference marked the
land and oil ruled the 20th century compute and bitcoin will rule the 21st one fuels the machines the other defends against the machines’ owners
land and oil ruled the 20th century

compute and bitcoin will rule the 21st

one fuels the machines

the other defends against the machines’ owners
i’ve attended all BTC Inc’s bitcoin conferences: 2019 SF in an old car dealership to 2025 LV at the venetian this year felt like a watershed moment — with 35k attendees, bitcoin actually felt mainstream are we finally at the end of the beginning? or the beginning of the end?
i’ve attended all BTC Inc’s bitcoin conferences: 2019 SF in an old car dealership to 2025 LV at the venetian

this year felt like a watershed moment — with 35k attendees, bitcoin actually felt mainstream

are we finally at the end of the beginning? or the beginning of the end?
day 3 in vegas the ticker is $GLXY
day 3 in vegas

the ticker is $GLXY
the future is not built on paper or promises it runs on silicon and cryptography ai needs compute, humans need bitcoin everything else gets commoditized
the future is not built on paper or promises

it runs on silicon and cryptography

ai needs compute, humans need bitcoin

everything else gets commoditized
no episode of galaxy brains this week but june will be a HUGE month with some epic guests lined up $glxy
no episode of galaxy brains this week but june will be a HUGE month with some epic guests lined up

$glxy
bitcoin is a movement powered by people it was an honor to hang with some of the movement’s legendary people backstage today (also peter schiff was there 🤔)
bitcoin is a movement powered by people

it was an honor to hang with some of the movement’s legendary people backstage today

(also peter schiff was there 🤔)
backstage at bitcoin 2025 1 hour until the first panel: how to fund the strategic bitcoin reserve 🇺🇸🤝🟠
backstage at bitcoin 2025

1 hour until the first panel: how to fund the strategic bitcoin reserve 🇺🇸🤝🟠
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