The possibility of Ethereum overtaking Bitcoin stirs excitement in the crypto world. As the next market surge approaches, many wonder if ETH might finally outperform BTC. This article delves into the potential for Ethereum's rise and explores which cryptocurrencies are poised for significant growth. This analysis is delivered by Outset PR, a crypto communications agency that combines high-touch strategy with data-driven performance metrics. Ethereum Price Action: Poised for Potential Growth Source: tradingview Ethereum's price currently floats between two thousand six hundred and three thousand one hundred. The crypto has seen a near 18% bump in the last week, hinting at bullish momentum. Its ten-day moving average of just over three thousand matches its 100-day average, showing stability. With its RSI above 60, Ethereum isn’t in overbought territory, suggesting room for growth. If Ethereum breaks its nearest resistance at three thousand three hundred, it could climb to its second resistance near three thousand nine hundred—a growth potential of around 23%. However, it needs to stay above its support at two thousand three hundred to maintain momentum. Overall, signs point to possible positive movement ahead. Bitcoin Steadily Rises: Potential To Break Key Resistance Source: tradingview Bitcoin's price is riding a positive wave, oscillating between $111,000 and $122,000. It's witnessing strong upward momentum, with a significant climb of around 14.5% over the last month. Currently, it's only a modest leap away from surpassing a resistance point at $126,000. If BTC can break through this, the next strong point lies around $137,000. Such moves could represent a potential growth of around 13% from the current range. The current trends indicate healthy interest and possible further gains, with the market showing signs of bullishness. Enthusiasts are watching closely as Bitcoin inches towards new frontiers. PR with C-Level Clarity: Outset PR’s Proprietary Techniques Deliver Tangible Results If PR has ever felt like trying to navigate a foggy road without headlights, Outset PR brings clarity with data. It builds strategies based on both retrospective and real-time metrics, which helps to obtain results with a long-lasting effect. Outset PR replaces vague promises with concrete plans tied to perfect publication timing, narratives that emphasize the product-market fit, and performance-based media selection. Clients gain a forward-looking perspective: how their story will unfold, where it will land, and what impact it may create. While most crypto PR agencies rely on standardized packages and mass-blast outreach, Outset PR takes a tailored approach. Each campaign is calibrated to match the client’s specific goals, budget, and growth stage. This is PR with a personal touch, where strategy feels handcrafted and every client gets a solution that fits. Outset PR’s secret weapon is its exclusive traffic acquisition tech and internal media analytics. Proprietary Tech That Powers Performance One of Outset PR’s most impactful tools is its in-house user acquisition system. It fuses organic editorial placements with SEO and lead-generation tactics, enabling clients to appear in high-discovery surfaces and drive multiples more traffic than through conventional PR alone. Case in point: Crypto exchange ChangeNOW experienced a sustained 40% boost in reach after Outset PR amplified a well-polished organic coverage with a massive Google Discover campaign, powered by its proprietary content distribution engine. Drive More Traffic with Outset PR’s In-house Tech Outset PR Notices Media Trends Ahead of the Crowd Outset PR obtains unique knowledge through its in-house analytical desk which gives it a competitive edge. The team regularly provides valuable insights into the performance of crypto media outlets based on the criteria like: domain activity month-on-month visibility shifts audience geography source of traffic By consistently publishing analytical reports, identifying performance trends, and raising the standards of media targeting across the industry, Outset PR unlocks a previously untapped niche in crypto PR, which poses it as a trendsetter in this field. Case in point: The careful selection of media outlets has helped Outset PR increase user engagement for Step App in the US and UK markets. Outset PR Engineers Visibility That Fits the Market One of the biggest pain points in Web3 PR is the disconnect between effort and outcome: generic messaging, no product-market alignment, and media hits that generate visibility but leave business impact undefined. Outset PR addresses this by offering customized solutions. Every campaign begins with a thorough research and follows a clearly mapped path from spend to the result. It's data-backed and insight-driven with just the right level of boutique care. Conclusion Ethereum's potential to surpass Bitcoin in a future surge remains a topic of debate. Some key factors could influence the outcome, including technological upgrades and growing institutional interest. Bitcoin's dominance has held firm due to its strong brand and pioneering status. Strategic communications, as exemplified by Outset PR, are crucial for projects aiming to boost visibility and user engagement. Outset PR demonstrates how performance-led crypto PR can effectively align storytelling with business outcomes. The agency offers Web3 teams a repeatable framework for converting exposure into traction by integrating analytics, targeted media placement, and proprietary traffic technology. You can find more information about Outset PR here: Website: outsetpr.io Telegram: t.me/outsetpr X: x.com/OutsetPR Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Canada-listed Planet Ventures has expanded its Bitcoin holdings by acquiring an additional 3.02 BTC, reinforcing its commitment to digital assets amid growing institutional interest. This strategic move increases Planet Ventures’
BitcoinWorld Bitcoin Holdings: Planet Ventures’ Strategic Expansion with New BTC Acquisition In a significant move that underscores the growing institutional confidence in digital currencies, Canada-listed Planet Ventures has once again made headlines. The company recently announced a strategic acquisition of an additional 3.02 Bitcoin (BTC), significantly bolstering its Bitcoin holdings and signaling a continued commitment to the world’s leading cryptocurrency. Who is Planet Ventures and Why Are They Investing in Crypto? Planet Ventures , a publicly traded company based in Canada, has been steadily making its mark in the digital asset space. While many traditional firms are still contemplating their entry into the volatile yet lucrative cryptocurrency market, Planet Ventures has chosen a proactive approach. Their strategy aligns with a growing number of forward-thinking corporations that view Bitcoin not just as a speculative asset, but as a legitimate treasury reserve asset. This move by Planet Ventures is indicative of a broader trend where companies are seeking alternative stores of value and growth opportunities outside of traditional financial instruments. By diversifying into digital assets, they aim to hedge against inflation, capitalize on potential appreciation, and signal a modern, innovative outlook to their investors. This foresight positions them among the early adopters in the corporate world. Decoding Planet Ventures’ Growing Bitcoin Holdings The recent announcement details the acquisition of an additional 3.02 BTC. This incremental purchase might seem modest on its own, but it pushes Planet Ventures’ total Bitcoin holdings to an impressive 19.71 BTC. For a company to publicly disclose and consistently increase its Bitcoin reserves speaks volumes about its conviction in the long-term value proposition of the digital gold. What does 19.71 BTC represent? While the exact fiat value fluctuates daily with market prices, this cumulative figure positions Planet Ventures as a notable player among publicly listed companies with Bitcoin on their balance sheets. It signifies a calculated accumulation strategy, potentially aimed at building a robust digital treasury that can appreciate over time and provide a hedge against economic uncertainties and traditional financial system risks. The Rationale Behind This Latest BTC Acquisition Every BTC acquisition by a public company is typically driven by a well-thought-out strategy. For Planet Ventures, this latest purchase likely stems from a combination of factors. It could be a response to current market conditions, perhaps seeing a favorable entry point, or simply a continuation of a pre-defined dollar-cost averaging strategy designed to mitigate volatility over time. The decision to make another BTC acquisition underscores a belief in Bitcoin’s fundamental value proposition: its decentralized nature, scarcity, and potential as a global, censorship-resistant store of value. Companies like Planet Ventures are increasingly recognizing Bitcoin as a viable alternative to traditional cash reserves, which are subject to inflationary pressures and diminishing returns in low-interest-rate environments. This strategic move highlights a long-term vision for their corporate treasury. Broader Implications for Corporate Crypto Investment Planet Ventures’ consistent activity in the crypto space contributes to a broader narrative of increasing corporate crypto investment . This trend, spearheaded by companies like MicroStrategy and Tesla, validates Bitcoin and other digital assets as legitimate components of a corporate treasury strategy. It signals to the wider market that cryptocurrencies are maturing beyond speculative assets into fundamental financial instruments. The benefits for companies engaging in crypto investment are clear: potential for significant capital appreciation, diversification of treasury assets, and an appeal to a new generation of investors. However, challenges remain, including market volatility, evolving regulatory landscapes, and the need for robust security measures to protect these digital holdings. Despite these hurdles, the momentum for corporate adoption appears to be growing, indicating a shift in traditional finance. What’s Next for Planet Ventures’ Digital Assets Strategy? With their total Bitcoin holdings now at 19.71 BTC, what does the future hold for Planet Ventures’ digital assets strategy? It’s reasonable to expect that the company will continue to monitor market conditions closely and potentially make further acquisitions if they align with their long-term financial objectives. Their consistent approach suggests a strategic, rather than opportunistic, engagement with the crypto market, focusing on sustained growth. Beyond Bitcoin, it will be interesting to observe if Planet Ventures diversifies its digital assets portfolio to include other major cryptocurrencies or perhaps explore opportunities in decentralized finance (DeFi) or non-fungible tokens (NFTs) in the future. Their current focus on Bitcoin, however, indicates a foundational belief in the leading cryptocurrency as a primary store of value and a cornerstone of their treasury management. Planet Ventures’ latest acquisition of 3.02 BTC, pushing its total holdings to 19.71 BTC, is more than just a transaction; it’s a statement. It reinforces the growing confidence among public companies in Bitcoin as a strategic asset and highlights the ongoing shift in corporate treasury management. As the digital economy continues to evolve, companies like Planet Ventures are paving the way for mainstream institutional adoption of cryptocurrencies, setting a precedent for others to follow. To learn more about the latest Bitcoin and crypto investment trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Bitcoin Holdings: Planet Ventures’ Strategic Expansion with New BTC Acquisition first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld GameStop Bitcoin: Ryan Cohen Unveils Strategic Inflation Hedge In a fascinating turn for the retail gaming giant, GameStop has once again captured the attention of both traditional finance and the cryptocurrency world. The big news? GameStop views its Bitcoin holdings not as a speculative gamble, but as a crucial inflation hedge. This revelation from CEO Ryan Cohen provides a deeper insight into the company’s evolving financial philosophy, moving beyond its meme stock status to a more calculated approach to treasury management. For anyone tracking corporate crypto adoption or the future of retail, GameStop’s latest move offers a compelling case study. Why is GameStop Embracing Bitcoin as an Inflation Hedge? The concept of an inflation hedge is simple yet powerful: it’s an asset designed to retain or increase its value during periods of rising inflation, protecting purchasing power. In today’s economic climate, with persistent inflationary pressures, companies are increasingly seeking ways to safeguard their balance sheets. For GameStop, the decision to hold Bitcoin is a deliberate and strategic move in this direction. Unlike traditional assets that might erode in value due to inflation, Bitcoin’s decentralized nature and finite supply of 21 million coins are often cited as its core strengths as a hedge. Proponents argue that its scarcity makes it resistant to the debasement of fiat currencies. GameStop’s CEO Ryan Cohen articulated this clearly, emphasizing that their Bitcoin holdings are specifically for this purpose, rather than an attempt to chase market trends or replicate the strategies of other companies. This approach contrasts sharply with some earlier corporate crypto adoptions, which were sometimes perceived as more speculative or driven by a desire to gain exposure to a rapidly appreciating asset. GameStop’s stance signals a maturity in its understanding of digital assets, positioning Bitcoin as a fundamental component of its treasury strategy designed to protect its substantial cash reserves against economic volatility. Ryan Cohen’s Vision: A Unique GameStop Strategy At the heart of GameStop’s bold financial moves is CEO Ryan Cohen . Known for his transformative work with Chewy and his activist investor background, Cohen has brought a distinct, independent vision to GameStop. His statement that GameStop follows its own approach and does not seek to replicate others’ models is crucial. This isn’t about following the crowd; it’s about charting a unique course tailored to GameStop’s specific needs and strengths. Cohen’s philosophy appears to prioritize long-term stability and resilience over short-term gains. This is evident in GameStop’s strong balance sheet, which boasts over $9 billion in cash and securities. This significant liquidity provides the company with immense flexibility and a cushion against market fluctuations. By allocating a portion of these substantial reserves into Bitcoin as an inflation hedge, Cohen is demonstrating a proactive risk management strategy. It suggests a belief that traditional cash holdings alone may not be sufficient to preserve value in an unpredictable economic landscape. This distinctive GameStop strategy underscores a commitment to financial prudence while also embracing innovative solutions. It’s a testament to Cohen’s leadership, which has consistently challenged conventional wisdom and sought to redefine GameStop’s place in the modern economy, moving it beyond its legacy as a brick-and-mortar retailer. The Broader Implications of Corporate Crypto Holdings GameStop’s move isn’t isolated; it’s part of a growing trend of companies exploring or adopting crypto holdings as part of their treasury management. While MicroStrategy has famously gone all-in on Bitcoin, viewing it as a primary treasury asset, and Tesla briefly accepted Bitcoin for payments, GameStop’s nuanced approach as a pure inflation hedge offers another model for corporate adoption. Benefits of Corporate Crypto Holdings: Inflation Protection: As GameStop demonstrates, Bitcoin’s scarcity can offer a hedge against fiat currency devaluation. Diversification: Adding uncorrelated assets like Bitcoin can diversify a company’s treasury, potentially reducing overall portfolio risk. Innovation and Forward-Thinking: Holding crypto can signal a company’s willingness to embrace new technologies and financial paradigms, appealing to a tech-savvy investor base. Potential for Appreciation: While GameStop emphasizes hedging, the long-term growth potential of Bitcoin remains an attractive underlying factor for many corporate holders. Challenges and Considerations: Volatility: Bitcoin’s price can fluctuate wildly, posing significant short-term risks to balance sheets. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving, which can create compliance challenges. Accounting Treatment: Current accounting rules often require Bitcoin to be treated as an intangible asset, leading to potential impairment charges if its value drops. Security Risks: Storing significant amounts of cryptocurrency requires robust cybersecurity measures to prevent theft. The increasing number of companies like GameStop, Tesla, and MicroStrategy holding Bitcoin signifies a paradigm shift. It indicates a growing acceptance of digital assets beyond speculative trading, integrating them into fundamental corporate finance strategies. This trend could pave the way for more mainstream adoption and greater stability in the crypto markets over time. What Does This Mean for GameStop’s Future and Investors? For GameStop, this strategic allocation of capital into Bitcoin as an inflation hedge could have several implications. Firstly, it reinforces the company’s commitment to protecting its financial health in an unpredictable economic environment. This prudent approach may reassure long-term investors who are looking for stability beyond the speculative fervor that once surrounded the stock. Secondly, it positions GameStop as an innovative player, willing to leverage new financial instruments to achieve its objectives. This could attract a new segment of investors who are interested in companies that are forward-thinking in their treasury management and embrace digital assets. While the immediate impact on GameStop’s stock price might be tied to broader market sentiment around crypto, the underlying strategic rationale is about long-term value preservation. For investors, understanding GameStop’s rationale is key. This isn’t a pivot to becoming a crypto company, but rather a sophisticated use of a digital asset within a traditional corporate finance framework. It highlights the evolving role of Bitcoin from a niche investment to a recognized tool for hedging against macroeconomic risks. Monitoring GameStop’s balance sheet and how these Bitcoin holdings perform against inflation will be crucial for assessing the success of this strategy. A Strategic Play in a Volatile World GameStop’s decision to hold Bitcoin as an inflation hedge, championed by CEO Ryan Cohen, marks a significant moment in the intersection of traditional corporate finance and digital assets. It underscores a pragmatic and independent GameStop strategy focused on long-term financial resilience. By leveraging its robust balance sheet and adopting a nuanced approach to its crypto holdings , GameStop is not just participating in the crypto space; it’s defining its own path. This move highlights Bitcoin’s growing recognition as a legitimate tool for treasury management, offering a protective shield against the erosive effects of inflation. As the economic landscape continues to evolve, GameStop’s strategic foresight in utilizing Bitcoin inflation hedge capabilities may well serve as a blueprint for other companies navigating an uncertain future. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action and institutional adoption. This post GameStop Bitcoin: Ryan Cohen Unveils Strategic Inflation Hedge first appeared on BitcoinWorld and is written by Editorial Team
California Governor Gavin Newsom has launched a new initiative called the “California Breakthrough Project” to increase efficiency in public services and strengthen public-private partnerships. According to FOX Business reporter Eleanor Terrett, senior executives of leading cryptocurrency companies such as Ripple, Coinbase and MoonPay were also invited to the project. The project's working group held its first meeting at Ripple's San Francisco headquarters on June 6. Also attending the meeting were executives from technology companies such as Instacart, Snapchat, and Anduril Technologies, as well as well-known angel investor Ron Conway. Related News: Surprising Statements from the GameStop CEO Who Purchased a Large Amount of Bitcoin (BTC): “We Will Not Be Like MicroStrategy” The main objectives of the Breakthrough Project are as follows: Encouraging collaboration between state-level decision-makers and experts from the technology, business and innovation sectors. Identifying systematic inefficiencies in the government's processes, services and technology and providing innovative solutions, Creating new competition and project models based in California to develop modern solutions, Maintaining public transparency, worker and civil society participation, and ethical safeguards throughout the innovation process. *This is not investment advice. Continue Reading: Rumors of Collaboration Between Ripple and California, Biggest Economy in the US – Governor Announces
Bitcoin sentiment has surged into a new greed phase, signaling potential for further price appreciation before a market peak. Large Bitcoin holders have been gradually reducing their positions, yet bullish
BitcoinWorld Core Foundation Unveils Revolutionary Rev+ Model: A New Era for Crypto Revenue Sharing The cryptocurrency landscape is constantly evolving, with innovations pushing the boundaries of what’s possible. For those deeply invested in the future of decentralized finance, a significant development from the Core Foundation is poised to reshape how value is distributed within blockchain ecosystems. The organization behind Core, the robust Bitcoin-based, EVM-compatible Layer 1 network, has just launched an groundbreaking initiative: the Rev+ revenue-sharing program. This move isn’t just a technical upgrade; it’s a strategic pivot towards a more equitable and sustainable economic model for all participants. What is the Rev+ Model and Why Does It Matter? At its core, the Rev+ model is a pioneering mechanism designed to distribute a portion of the network’s gas fee revenue back to key contributors within the Core ecosystem. Traditionally, gas fees primarily compensate miners or validators for processing transactions. While essential, this model often leaves other crucial ecosystem participants, such as stablecoin issuers, application developers, and Decentralized Autonomous Organizations (DAOs), without direct financial incentives from network activity. The Core Foundation’s Rev+ program directly addresses this gap. By allocating gas fee revenue to these vital entities, Rev+ aims to: Incentivize Growth: Directly reward those who bring users and activity to the network. Foster Sustainability: Provide a recurring revenue stream for projects, reducing reliance on grants or venture capital. Promote Innovation: Encourage the development of high-quality applications and stablecoins on the Core blockchain. Enhance Decentralization: Empower DAOs with resources to govern and develop the ecosystem further. This approach marks a significant shift, moving beyond simple token emissions to create a self-sustaining economic loop that benefits everyone contributing to the network’s vitality. How Does Crypto Revenue Sharing Work with Rev+? The mechanics of the crypto revenue sharing within the Rev+ program are designed to be transparent and merit-based. According to reports, the model distributes gas fee revenue based on user activity and contribution metrics. This means that the more a stablecoin is used, the more an application is interacted with, or the more a DAO contributes to governance and development, the greater their share of the distributed revenue. Let’s break down the primary beneficiaries and their roles: Beneficiary Type Role in Ecosystem How Rev+ Benefits Them Stablecoin Issuers Provide liquidity and stability to the ecosystem, facilitating transactions and DeFi activities. Receive a share of gas fees generated by transactions involving their stablecoins, incentivizing adoption and usage. Developers Build decentralized applications (dApps), smart contracts, and tools that drive user engagement and utility. Earn revenue based on the activity their dApps generate, creating a sustainable business model for building on Core. DAOs (Decentralized Autonomous Organizations) Govern and manage various aspects of the ecosystem, including treasury management, protocol upgrades, and community initiatives. Receive funds to support their operations, development, and community-driven proposals, strengthening decentralized governance. This targeted distribution ensures that those who are actively fostering adoption and utility are directly rewarded, creating a powerful feedback loop for growth. It’s a smart way to align incentives across the entire ecosystem, moving beyond speculative value to intrinsic utility. The Significance of a Bitcoin EVM for Rev+ The Core network’s foundation as a Bitcoin EVM is crucial to understanding the full potential of the Rev+ model. By combining the security and decentralization of Bitcoin with the programmability and developer-friendliness of the Ethereum Virtual Machine (EVM), Core offers a unique and powerful platform. This hybrid architecture means that developers familiar with Ethereum’s robust tooling and smart contract capabilities can easily build on Core, while users benefit from Bitcoin’s unparalleled trust and established network effect. For Rev+, the Bitcoin EVM integration means: Enhanced Security: Leveraging Bitcoin’s proof-of-work security model for the underlying Layer 1 provides a robust foundation for financial applications. Broad Developer Adoption: The EVM compatibility attracts a vast pool of existing Ethereum developers, accelerating dApp deployment and user growth. Interoperability Potential: Bridges between Bitcoin and EVM environments open up new possibilities for cross-chain functionality and liquidity. This unique blend positions Core not just as another Layer 1, but as a bridge between the two largest blockchain ecosystems, creating a fertile ground for the Rev+ model to thrive and distribute significant value. Exploring Core as a Leading Layer 1 Blockchain The Core network is rapidly establishing itself as a significant Layer 1 blockchain in the competitive crypto space. Its design principles emphasize decentralization, scalability, and security, aiming to provide a robust infrastructure for a wide range of decentralized applications, from DeFi protocols to NFTs and GameFi. Key features that make Core a compelling Layer 1 include: Satoshi Plus Consensus: A unique hybrid consensus mechanism that combines delegated Proof of Stake (DPoS) with Bitcoin’s hash power, ensuring both decentralization and security. EVM Compatibility: Full compatibility with the Ethereum Virtual Machine, allowing for seamless migration and development of dApps. Native Bitcoin Integration: Deep integration with Bitcoin, enabling the use of BTC as gas and for other utilities within the Core ecosystem. The introduction of Rev+ further strengthens Core’s position as a leading Layer 1. By directly rewarding active participation, it creates a virtuous cycle: more developers and stablecoin issuers are attracted, leading to more user activity, which in turn generates more revenue for distribution, fueling further growth. This economic model is designed to attract and retain the best projects and talent, fostering a vibrant and self-sustaining ecosystem. What are the Actionable Insights for Participants? For anyone involved in the crypto space – whether you’re a developer, a stablecoin issuer, a DAO member, or simply a user – the launch of Rev+ presents several actionable insights: For Developers: If you’re building dApps, consider deploying on Core. The Rev+ program offers a direct path to sustainable revenue based on your dApp’s usage, a significant advantage over traditional funding models. Focus on building applications that drive high user activity. For Stablecoin Issuers: Explore issuing your stablecoin on the Core network. The Rev+ model provides a direct incentive for your stablecoin’s adoption and transaction volume, offering a unique competitive edge. For DAOs: Engage actively within the Core ecosystem. Your contributions to governance, community building, and protocol development can now be directly rewarded through Rev+, providing resources for your initiatives. For Users: By transacting and interacting with dApps and stablecoins on the Core network, you are directly contributing to the economic sustainability of the ecosystem. Your activity helps reward the projects you use and value. This is a clear call to action for innovators and builders: Core Foundation is not just offering a platform, but a partnership in prosperity. The Future is Bright: A Compelling Summary of Rev+ The Core Foundation’s launch of the Rev+ revenue-sharing model marks a pivotal moment for the Core ecosystem and the broader blockchain industry. By strategically distributing gas fee revenue to stablecoin issuers, developers, and DAOs based on their contributions and user activity, Rev+ creates a powerful incentive structure for growth and sustainability. This innovative approach, built on the secure and versatile Bitcoin-based EVM-compatible Layer 1 network, positions Core as a trailblazer in fostering a truly equitable and self-sustaining decentralized economy. It’s a testament to the Core Foundation’s commitment to long-term value creation and community empowerment, promising a vibrant future for all participants. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin Layer 1 price action. This post Core Foundation Unveils Revolutionary Rev+ Model: A New Era for Crypto Revenue Sharing first appeared on BitcoinWorld and is written by Editorial Team
The crypto market is experiencing significant maturation driven by increased institutional adoption and clearer regulatory frameworks. Data from Wintermute’s 1H 2025 OTC Market Report reveals a growing divergence between institutional
House Republicans failed to advance a key procedural motion that would have enabled debate on the GENIUS Act and other major crypto bills earlier today, Tuesday. The failed vote stalled the highly anticipated legislative push dubbed part of “Crypto Week,” dealing a setback to the digital asset industry. The vote , which failed 196–222, prevented the House from beginning formal consideration of the GENIUS Act, a landmark bill aimed at establishing the first federal framework for U.S. stablecoins. The collapse of the motion also blocked debate on the annual defense spending bill and a related crypto clarity proposal. With over a dozen Republican holdouts joining Democrats to oppose the rule, House GOP leadership was left scrambling to salvage what was billed as the most ambitious crypto policy package in U.S. history. Discord within Republican ranks While the crypto industry had hoped for a seamless passage of legislation that had already cleared the Senate, internal fractures among Republicans derailed the plan. Notably, Rep. Marjorie Taylor Greene, one of the GOP defectors, publicly criticized the GENIUS Act for lacking a provision to ban central bank digital currencies ( CBDCs ). “I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency,” Greene wrote on X . “Americans do not want a government-controlled Central Bank Digital Currency. Republicans have a duty to ban CBDC.” I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency and because Speaker Johnson did not allow us to submit amendments to the GENIUS Act. Americans do not want a government-controlled Central Bank Digital Currency.… pic.twitter.com/NnkeIOH0dE — Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 15, 2025 Greene also faulted Speaker Mike Johnson for not allowing amendments to be introduced. Speaker Mike Johnson and House leadership had attempted to bundle the crypto bills with the defense appropriations bill to streamline the legislative push and avoid political infighting. Instead, the strategy backfired. While the GENIUS Act had previously cleared the Senate with bipartisan support in a 68–30 vote, House conservatives accused Johnson of denying them the chance to amend the legislation, including provisions to bar the Federal Reserve from issuing a CBDC. Some, including Rep. Greene, insisted the bill should reflect President Trump’s January executive order banning CBDCs across federal agencies. Other lawmakers, meanwhile, objected to the bundling itself, wanting each bill, especially the highly sensitive defense budget, to be considered on its own. Vote triggers market reactions News of the failed vote quickly rippled across financial markets. Shares of Circle , the issuer of the USDC stablecoin and one of the bill’s main beneficiaries, fell by nearly 5%. Coinbase and MARA Holdings each dropped by about 2%. CRCL stock price. Source: Google Finance Industry advocates, who had spent over $245 million during the 2024 election cycle to back pro-crypto candidates and policies, had framed this week as a major turning point for crypto’s future in Washington. Fairshake, the crypto sector’s leading political action committee, recently disclosed $141 million in cash reserves to continue lobbying efforts and support crypto-friendly candidates ahead of the 2026 midterms. The GENIUS Act’s passage was seen as a regulatory milestone and a potential economic boon. Treasury Secretary Scott Bessent previously stated that the U.S. stablecoin market could grow to over $2 trillion if the legislation is enacted. David Sacks, the White House’s AI and crypto czar, also said the bill could unlock “trillions of dollars in new demand” for U.S. Treasuries. The House leadership is reportedly planning a second vote on the rule as early as Tuesday evening, although it’s tentative, and so far, no changes to the bill text or bundling approach have yet been confirmed. Still, there is no clear path forward. To satisfy hardliners like Greene, Johnson may be forced to reopen the legislative process and allow amendments, including a formal CBDC ban, that could jeopardize bipartisan Senate support. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Bitcoin has surged past the $118,000 mark, marking a significant milestone that underscores its growing dominance in the cryptocurrency market. This remarkable price increase is driven by a combination of