ROLLUP: The GENIUS Act Passes | JP Morgan Stablecoin | Stablecoin Summer

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 20 June 2025

⏱️ 60 minutes

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Summary

Welcome to the Weekly Rollup, where we cover this week in Crypto. We unpack the implications of the Genius Act's passage, which positions the U.S. to lead in digital assets and spurs optimism around stablecoins potentially hitting a $3.7 trillion valuation by 2030. Also: JP Morgan’s surprising entry into the stablecoin market and Coinbase’s launch of new products, including a Bitcoin cashback credit card. ——— 🤌 BANKLESS SUMMIT | SEE US AT DEVCONNECT https://lu.ma/0ph1qg6c ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐SELF | PROVE YOUR SELF https://bankless.cc/Self 🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS & RESOURCES 0:00 Intro 2:55 Markets https://www.coingecko.com/en/coins/bitcoin https://www.coingecko.com/en/coins/ethereum 8:00 ETFs https://x.com/jseyff/status/1934591572710211587 https://x.com/cointelegraph/status/1933534615395815761 https://x.com/JSeyff/status/1933635898140192849 https://x.com/JSeyff/status/1935043249141322017 https://x.com/EricBalchunas/status/1932527239679095097 12:00 Macro https://x.com/NickTimiraos/status/1935397119772217715 https://x.com/scottmelker/status/1935382005866189003 https://x.com/elerianm/status/1933505682625417521 https://www.ft.com/content/0d175cad-db7c-4dc2-83a8-90736f96f198 https://x.com/thomas_fahrer/status/1934056640476770678 https://x.com/treenewsfeed/status/1934589597394084071 https://x.com/erictrump/status/1934665029866881155 29:00 The GENIUS Act Passes the Senate https://x.com/SenatorHagerty/status/1934942333859979279 https://x.com/SenatorHagerty/status/1935491670805754100 https://x.com/SecScottBessent/status/1935027160374210573 https://x.com/secscottbessent/status/1935404649718157691 https://polymarket.com/event/genius-act-signed-into-law-in-2025?tid=1750338903189 https://x.com/TFTC21/status/1935027661421822149 https://x.com/RyanSAdams/status/1935371112403116518 https://x.com/intangiblecoins/status/1935095696454984027 https://x.com/intangiblecoins/status/1933583236778578274 https://x.com/pete_rizzo_/status/1933484989334659136 https://x.com/CryptosR_Us/status/1935475419286798505 38:30 JPMorgan Stablecoin JPMD https://x.com/tier10k/status/1934684065875284187 https://x.com/base/status/1935055475252543823 43:00 INK Kraken Token https://x.com/inkonchain/status/1934992073024823560 https://x.com/DefiIgnas/status/1935274751322435769 44:50 EigenLayer announces EigenCloud https://x.com/ethereum/status/1935010523776430587 https://x.com/ViktorBunin/status/1934969360851857532 https://x.com/sreeramkannan/status/1935028483044032921 https://youtu.be/P2PGQIe9U6g?si=Q6ZZPy9KzyPQLBaA 47:43 Blockworks Token Transparency Framework https://x.com/Blockworks_/status/1935321626788380714 50:10 Coinbase Product Launches https://x.com/brian_armstrong/status/1933290398799065459 https://x.com/tier10k/status/1933238313567080716 https://x.com/tier10k/status/1933238313567080716 https://x.com/CoinbaseBiz/status/1933228168783278110 https://x.com/vivek4real_/status/1933230638842232989?s=46 https://blog.base.dev/commerce-payments-protocol https://www.reuters.com/business/coinbase-seeking-us-sec-approval-offer-blockchain-based-stocks-2025-06-17/ https://x.com/luke_metro/status/1934061707158081538 https://x.com/KafiSq8/status/1934026011898683724 58:30 Roman Storm’s Legal Defense https://x.com/ethereumfndn/status/1933564840112435567 https://x.com/ethereumfndn/status/1894704611606385012 https://x.com/rstormsf/status/1933502107577168047 59:25 Stablecoin Summer vs The Plot https://x.com/mrjasonchoi/status/1935555875013538229 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Transcript

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0:00.0	Bankless Nation is the third week of June. It's time for the bankless weekly roll-up. Man, an exciting week
0:08.6	this week. We got the Genius Act. It just passed in the Senate. And is the Secretary of Treasury
0:13.0	bullposting on crypto? David, he called for $3.7 trillion in stable coins by the year 2030. That's a pretty
0:20.2	decent bullpost. Did he call for a stable
0:22.1	coin summer? No, we got to get him saying it. That's next. J.P. Morgan is also joining in on
0:30.0	stable coin summer with her own stable coin on the base network. But it's a little bit different
0:35.5	from the rest. So we're going to talk about that. And then Coinbase releases not one, not two, not three, four banger products that we're
0:44.1	going to talk about as well. We're going to rank order our favorites. And overall,
0:47.6	there's just a lot of chaos in the world. There's a conflict in the Middle East. And Black Rock
0:50.9	has a take saying smart money is buying chaos.
0:54.7	We'll talk about exactly what that means.
0:56.2	David, I'm glad I got you saying Stable Coins Summer now, too.
0:58.6	It was not in our notes.
0:59.9	That just popped in your head.
1:01.5	The virus has spread.
1:03.3	Some people on Bankless Discord actually sent me as a Coinbase email.
1:06.4	You know what the title?
1:07.4	You know what the subject of the email was?
1:08.6	It was like their big newsletter they sent out to all their customers. You know what was?
1:11.6	Stablecoin Summer.
1:12.5	Stable Coins Summer is here.
1:15.2	I can't believe how sticky that has gotten.
	...

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