intangiblecoins

next to the treasury department charting the future of bitcoin policy with the fellas

it’s not too late to see the greatest minds in bitcoin policy converge on washington DC tomorrow

tickets 👉 https://www.btcpolicysummit.org

🚨 TEXAS TO BUY $10M BTC FOR RESERVE 🟠

🟠 TEXAS TO BUY $10M BTC FOR RESERVE 🐂

imagine selling bitcoin on news of geopolitical tension when bitcoin has virtually zero network dependency on any particular sovereigns

rather than equities which are wholly dependent on the stability of global sovereigns

can’t be me

when the world is chaotic
and politics in disarray

when you’re feeling neurotic
about inflation day to day

when the debt is piling up
and there’s no end in sight

look toward hard money
to sleep soundly at night

₿itcoin

🚨 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

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

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!

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!

🤔

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 👇

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