Coin Stories News Block: GENIUS Act Turns Stablecoins into a Treasury Lifeline, Did U.S. Govn't Sell Bitcoin?
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Jul 21, 2025 Discover the recent implications of the GENIUS Act, questioning whether it truly fosters innovation or merely supports U.S. Treasury interests. Dive into how stablecoins may become new buyers for U.S. debt and the potential shift toward Bitcoin in retirement accounts. Listen in as rumors surface about the U.S. government possibly selling its Bitcoin holdings. Plus, Adam Back's plans to launch a major Bitcoin treasury company signal new strategies in digital asset investment. It's an engaging exploration of the evolving landscape of cryptocurrency!
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Genius Act Props Up U.S. Debt
- The Genius Act creates a new class of stablecoin issuers backed exclusively by U.S. dollars or short-term U.S. debt.
- This effectively turns stablecoins into new buyers of U.S. Treasury debt, propping up government financing.
Stablecoins Lead Users to Bitcoin
- Stablecoins act as digital dollar on-ramps, making it easy to buy Bitcoin.
- Over time, inflating stablecoins push users towards Bitcoin as a scarce, non-debasable asset.
Structural Unlocks for Bitcoin Adoption
- Trump is expected to sign an executive order enabling Bitcoin inclusion in 401(k) plans, potentially unlocking $9 trillion.
- A de minimis tax exemption for Bitcoin payments could simplify usage and foster adoption.