Stablecoins Get a Leg Up: By Order of the GENIUS Act

By Order of the Senate: A Fighting Chance

The bloody Senate eh? Never thought I'd see the day they'd agree on anything faster than a snail's pace. But here we are. They've passed something called the GENIUS Act. Guiding and Establishing National Innovation for U.S. Stablecoins Act they call it. Sounds like something Polly would name a bloody racehorse. But what it really means is a federal framework for stablecoins pegged to the American dollar. And that my friends is worth more than a lorry load of Shelby Company profits.

Circle the Wagons (and the Profits)

Circle the mob behind USDC has seen their shares jump 22% since this news broke. Up almost sixfold since their market debut. Sixfold! That's enough to make even Arthur sit up and take notice though he'd probably just blow it all on booze and bad decisions. Coinbase in on the USDC action with 50% of the revenue ain't doing too badly either. More than a 10% gain. Not bad for a day's work in this madhouse not bad at all. Makes you think maybe this whole crypto game isn't just for fools and dreamers after all.

Coinbase's Big Gamble

They tell me stablecoins have become Coinbase's biggest earner after trading. Stablecoin income surging 50% year over year in the first quarter. Shows you where the real money is doesn't it? Not in chasing shadows but in providing the infrastructure. Like building the railways – everyone needs them. And if Brian Armstrong wants USDC to overtake Tether well he's got himself a war. But war is what we Shelbys do best isn't it?

Guardrails and Goldmines

This GENIUS Act it puts some rules in place. Full reserve backing monthly audits. They're calling them guardrails. But I see them as boundaries. Show me a boundary and I'll show you a way to push past it or at least find a way to dance close to the line. But all this regulation is going to pave the way for explosive growth in the nearly $260 billion stablecoin market. And where there's growth there's opportunity. And where there's opportunity there's Shelby Company Limited.

The House Always Wins (Maybe)

Of course nothing's ever simple is it? The bill now heads to the House which has its own version – STABLE. They can't even agree on who gets to regulate what. Treasury the Federal Reserve the Comptroller of the Currency... sounds like a bloody three ring circus. They say reconciling the two versions could take a while. But time gentlemen is a luxury we often don't have. I'll be watching this closely. And if the House gets too greedy well let's just say I know a few people who can whisper in their ears.

The Future's Bright The Future's Stable (Coin)

If this GENIUS Act becomes law it could unlock a wave of investment. The suits are all sat on the sidelines with their money. I'm betting there is lots of investment dollars sitting out there ready to build the next generation of the financial system will be put to work. And Coinbase is already making moves challenging the old ways with new payment systems. Like I always say "Everyone's a whore Grace. We just sell different parts of ourselves." And right now the world wants stablecoins. So we'll give them what they want.