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Last week, the U.S. passed its first major piece of crypto legislation. Stablecoins now have a legal home, and that could open the floodgates for adoption, disruption, and regulation.
But is this just the beginning?
In this episode of Bits + Bips, Ram Ahluwalia, Noelle Acheson, Steve Ehrlich, and guest Cosmo Jiang of Pantera dive into what the stablecoin law actually means, who it helps, who it threatens, and why Wall Street and crypto startups alike are positioning fast.
They also cover Ethereum’s rally, what’s fueling it, and whether the boom in digital asset treasury companies is sustainable. Plus, they unpack Trump’s latest threats against the Fed and what it means for markets, inflation, and interest rates.
Sponsors:
Hosts:
- Ram Ahluwalia, CFA, CEO and Founder of Lumida
- Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter
- Steve Ehrlich, Executive Editor at Unchained
Guest:
- Cosmo Jiang, General Partner and Portfolio Manager for Liquid Strategies at Pantera Capital
Links
Stablecoins
- Unchained:
- The Block: GENIUS Act is helping Ethereum ‘have its moment,’ Bernstein says
- WSJ: Why Banks Are on High Alert About Stablecoins
Digital Asset Treasuries
- WSJ: Blank-Check Company Strikes Cryptocurrency Deal
- Unchained: SBET to Raise Additional $5B to Grow ETH Position
- Bloomberg: Trump Media Buys $2 Billion in Bitcoin for Crypto Treasury Plan
- CoinDesk: DeFi Development Nears $200M Solana Treasury
- DeFi Dev Corp Press release: DeFi Dev Corp. Announces Global Expansion Through Strategic Treasury Franchising Model
- TLGY Acquisition Corp Press release: TLGY Acquisition Corp. Announces Business Combination and Approximately $360 Million PIPE Financing to Form StablecoinX, an Ethena Stablecoin-Focused Treasury Company
- The Block: Nasdaq-listed Sonnet BioTherapeutics agrees to $888 million merger to become Hyperliquid Strategies, launch HYPE treasury

