This Week in Bitcoin 65: Trump's Stablecoin Gamble
Jul 23, 2025
Discover how the Genius Act could reshape Bitcoin's future and the implications of the burgeoning stablecoin market. The discussion delves into how inflationary policies may affect Bitcoin as a liquidity sink. Other highlights include potential ramifications of Bitcoin's integration into payment systems, the benefits of solar-powered mining, and the latest developments in El Salvador's Bitcoin initiatives. Tune in for insights on navigating the evolving landscape of cryptocurrencies amid regulatory changes!
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Genius Act Boosts Stablecoin Clarity
- The Genius Act focuses on stablecoin regulation, primarily benefiting banks and financial institutions rather than Bitcoin directly.
- Its passage signals regulatory clarity that could help digital asset adoption and indirectly support Bitcoin.
Stablecoin Origins and Market
- Stablecoins originated from solving fiat transfer issues in Asia, with Tether leveraging this to dominate during the ICO era.
- The stablecoin market is driven by use and distribution, but only a few players like Tether will likely dominate.
Ethereum Legitimized by Genius Act
- The Genius Act legitimizes Ethereum by ending debates on its security and decentralization statuses.
- Big money is now heavily investing in Ethereum-based companies, mimicking MicroStrategy's Bitcoin strategy.