Welcome to the US Crypto Information Morning Briefing—your important rundown of an important developments in crypto for the day forward.
Seize a espresso and sit down. As lawmakers within the US push new stablecoin laws, Bitcoin veteran Max Keiser just isn’t holding again. He warns that removed from selling monetary freedom, stablecoins are reinforcing the fiat system Bitcoin (BTC) was constructed to disrupt.
Crypto Information of the Day: Max Keiser Warns of Anti-Bitcoin Agenda Behind US Stablecoin Invoice
In an announcement shared with BeInCrypto, Bitcoin advocate Max Keiser has launched a blistering assault on stablecoins.
He warns that stablecoins undermine Bitcoin’s core objective by reinforcing fiat dominance and supporting the normal banking system.
His remarks come as debate intensifies over the proposed GENIUS Act, a US invoice that goals to control the stablecoin market. The proposed US legislation will create a regulatory framework for dollar-backed stablecoins.
“For those who hate state-backed, inflationary, fiat money, you’re going to really hate stablecoins,” Keiser instructed BeInCrypto.
The Bitcoin pioneer argues that stablecoins, typically offered as a stepping stone into crypto, really serve a really totally different grasp.
“As I’ve been saying, stablecoins are not an on-ramp to Bitcoin. They’re designed to be an on-ramp to the US Dollar; empowering politicians & issuers, who are working with the legacy banks to fight self-custodied Bitcoin and freedom from fiat slavery,” he added.
Keiser’s feedback align with rising concern that stablecoins, significantly these pegged to the US greenback, are being co-opted to prop up the present monetary order.
In a latest US Crypto Information publication, Max Keiser highlighted a rising pattern amongst stablecoin issuers utilizing US treasuries to purchase Bitcoin without cost. As BeInCrypto reported, Keiser stated these actions may undermine authorities reserves and result in monetary instability.
The emergence of the GENIUS Act has introduced this rigidity into sharper focus. Critics argue that the invoice is closely skewed in favor of banking pursuits.
One of the crucial contentious points is a reported ban on stablecoin issuers passing curiosity revenue to customers.
“The GENIUS Act draws a brutal line: No permitted or foreign stablecoin issuer may offer any yield, interest, or reward for holding the token. That means staking, lending, farming, or “rebasing” stablecoins = unlawful. The objective? Regulators wish to separate “digital dollars” from bank-like merchandise. Stablecoins are actually money equivalents — not funding automobiles. No extra ‘savings accounts on-chain.’ No extra magic APY,” DeFi researcher Pumpius stated in a put up.
Some analysts say that the GENIUS Act may commoditize stablecoin choices, forcing competitors on yield distribution.
The transfer allegedly intends to maintain conventional banks aggressive by stopping high-yield stablecoins from turning into a viable financial savings various. Some see this as a direct try to neutralize decentralized finance’s (DeFi) disruptive potential.
They declare the invoice goals to entrench the facility of regulated monetary entities slightly than encourage innovation and financial sovereignty.
These narratives recommend that the talk over the function of stablecoins within the crypto ecosystem is heating up. For Keiser, stablecoins are “fiat in disguise.” These actually in search of financial freedom ought to steer towards Bitcoin, not digital {dollars}.
Chart of the Day
Whereas the Act prohibits issuers from paying yield straight, this chart exhibits that distributors like Coinbase can supply yield as “marketing rebates.”
Byte-Sized Alpha
Right here’s a abstract of extra US crypto information to comply with as we speak:
- Crypto inflows prolonged a 10-week streak to $1.2 billion regardless of geopolitical tensions.
- OKX is exploring an IPO within the US, following its latest reentry into the market with a brand new headquarters and management.
- Jerome Powell’s testimony on June 24 may affect Bitcoin volatility relying on the Fed’s stance on inflation and rates of interest.
- Cardone Capital has added roughly 1,000 BTC to its company steadiness sheet. In the meantime, Metaplanet now holds over 11,000 BTC, accelerating its crypto-backed treasury coverage.
- Spot Bitcoin ETFs noticed $1.02 billion in inflows final week, down 29% from final week, amid cooling investor urge for food.
- Analysts like Raoul Pal and Arthur Hayes level to macro developments and financial coverage as key bullish indicators for BTC.
- Iran’s potential retaliation towards the US, together with closing the Strait of Hormuz not too long ago, may trigger a big drop in Bitcoin’s worth. Analysts predict a 20% fall.
- Crypto whales see main wins and losses as Israel-Iran tensions shake the market.
- Pi2Day on June 28 may reveal main developments, together with a possible hyperlink between Pi Community and GenAI, rising group pleasure.
- Analysts count on Bitcoin’s dominance to peak close to 71%, which can precede one other sharp correction in altcoins, as seen in February 2025.
Crypto Equities Pre-Market Overview
| Firm | On the Shut of June 20 | Pre-Market Overview |
| Technique (MSTR) | $369.70 | $363.70 (-1.62%) |
| Coinbase International (COIN) | $308.38 | $300.71 (-2.49%) |
| Galaxy Digital Holdings (GLXY) | $18.86 | $18.95 (+0.48%) |
| MARA Holdings (MARA) | $14.32 | $14.04 (-1.96%) |
| Riot Platforms (RIOT) | $9.56 | $9.41 (-1.56%) |
| Core Scientific (CORZ) | $11.86 | $11.84 (-0.17%) |
Disclaimer
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