The Wolf Of All Streets

Will The USA Blow Its Chance With Bitcoin? Unpacking Crypto Week

Jul 16, 2025
Eleanor Terrett, a crypto journalist, joins to discuss Congress's recent struggles with major crypto legislation. She explores the implications of the failed GENIUS and CLARITY Acts amid rising Bitcoin ETF inflows. Chris Inks, a trader at TXWestCapital, shares insights on crypto trading strategies and market trends, including Bitcoin's price volatility and the potential of alternative cryptocurrencies. Both guests highlight the critical intersection of regulation and market dynamics as the U.S. navigates its crypto future.
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INSIGHT

Procedural Vote Fail Explained

  • The procedural vote failure in the House was largely about political grandstanding, not the substance of crypto bills.
  • Procedural votes often fail and don't directly reflect the fate of the actual legislation.
INSIGHT

Genius Act's Anti-CBDC Language

  • The Genius Act includes language that blocks the Federal Reserve from creating a retail CBDC.
  • Many opposing members missed this key provision due to the bill's nebulous legal language.
INSIGHT

Crypto Week Political Drama

  • Even with unified Republican control, the passage of crypto legislation faced internal opposition and delays.
  • The crypto week political drama highlights government inefficiencies impacting timely regulation.
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