Pro-crypto lawyer John E Deaton has shared a warning that’s causing concern in the crypto community, If the U.S. Congress fails to pass the GENIUS Act now, then we may not see any strong crypto laws or reforms until 2029.
This may sound extreme, but Deaton isn’t alone in thinking this way. Other Messari founder Ryan Selkis stressed that without immediate progress, long-term reforms could be off the table until.
GENIUS Act: More Than Just a Crypto Bill
Deaton believes the GENIUS Act is something all politicians should support, because it’s not really a “crypto” bill. As Alex Thorn from Galaxy Research put it, it should be called the “Dollar Dominance Bill.”
He agrees with Ryan Selkis, the founder of Messari, who said that if the GENIUS Act doesn’t pass soon, even basic crypto legislation will be dead on arrival under any future Trump presidency.
Meanwhile, the bill is designed to support stablecoins backed by the U.S. dollar. In a world where countries like China and Russia are pushing for “de-dollarization,” Deaton says America must act fast.
Supporting dollar-backed stablecoins can boost demand for U.S. Treasury assets and help the dollar remain the world’s leading reserve currency.
Broken System of Political Swings
Deaton also shared how upset he is with how the U.S. keeps changing its approach to crypto. One government is very strict, while the next one acts too friendly, sometimes even turning crypto into a joke for votes.
But no matter who is in charge, Deaton says we’re still using laws from the 1930s and 1940s to control new technology like crypto and AI.
No Reform Without Action
Meanwhile, the bigger picture is clear, as Deaton says, without bipartisan support for the GENIUS Act now, there’s little hope for deeper market structure bills later. Ryan Selkis warned that failure to pass it this week would likely kill crypto reform under a Trump administration.
Deaton agreed and also called out Coinbase, suggesting its silence might be strategic, as regulatory uncertainty helps it stay ahead of competitors.
Shiba Inu price saw a massive price increase in 2021 when Vitalik Buterin burned 410 trillion SHIB tokens sent to him by developers. This burn process led to SHIB erasing three zeros from its price within a short time. Since then, the SHIB community has been conducting regulator SHIB burns and increasing utility in an attempt to push Shiba Inu price to $0.01. In this article, we explore why SHIB price may never rally to $0.01.
At press time, Shiba Inu price trades at $0.0000135 after a 3.5% rise in 24 hours.
Why Shiba Inu Price Will Never Hit $0.01
Shiba Inu price faces several obstacles in its path towards $0.01. As these factors continue to weigh on the price, SHIB may continue to record an underwhelming performance.
Shiba Inu’s Massive Supply of 589T Tokens
One of the reasons why SHIB price may never reach $0.01 is the massive circulating supply of 589 billion tokens. For SHIB to reach $0.01 with this supply, its market capitalization would reach $5.89 trillion.
For context, the total supply of the crypto market is around $3 trillion. Therefore, for SHIB to reach $0.01, it would have to outperform Bitcoin, Ethereum, and the entire market. This is currently unlikely to happen in the near term due to a lack of institutional interest that shows a bearish Shiba Inu price forecast.
A Slow SHIB Burn Process
The other reason why the Shiba Inu price will never reach $0.01 is the slow SHIB burn process. The Shiba Inu community has been conducting regular token burning to reduce the supply. Recently the Shiba Inu burn rate soared by 5,000%, but the supply remained significantly high.
Data from Shibburn shows that the burn rate is dropping again. This lack of a sustained surge in the burn rate will keep Shiba Inu’s supply elevated and prevent it from reaching $0.01.
SHIB Burn Rate
Lack of retail and institutional interest
Shiba Inu price may also fail to rally to $0.01 due to a lack of institutional interest. Despite being the second-largest meme coin after Dogecoin, Shiba Inu has yet to get a spot ETF filing. This may hinder significant price gains.
Additionally, new meme coins are getting much retail interest compared to Shiba Inu. As traders flock to new meme coins for quick gains, it diminishes SHIB chances of reaching $0.01.
Shiba Inu Price Analysis
Shiba Inu price is under bearish pressure despite its recent gains. The meme coin is trading within a falling parallel channel, indicating that bearish trends are prevalent. This could trigger further losses.
The RSI has been fluctuating below 50 for the past month indicating a lack of buyer interest. The ADX is also rising, which also shows that the bearish momentum shown in the falling wedge pattern is gaining strength.
If these bearish trends continue and the SHIB price loses support at $0.0000128, it could push the prices lower, possibly to the $0.000009 level.
SHIB/USDT: 4-hour Chart
SHIB’s technical outlook shows a bearish picture that may affect its short-term price outlook. Additionally, the slow burn rate, vast supply, and lack of demand make it unlikely for SHIB to reach $0.01 in the long term.
While the crypto market has been moving sideways for months, something interesting is happening with XRP. In the past, when gold slowed down after a strong run, XRP went on a huge 1,000% rally.
Now, with gold cooling off and the Ripple vs SEC case nearly over, many are wondering — is it finally XRP’s time to shine again?
XRP Could Be Ready For Breakout
Over the past few months, gold has been performing extremely well, climbing nearly 89% from October 2023 to April 2025. While gold kept breaking records, the crypto market, including Bitcoin and XRP, has seen a modest increase, not as much as of gold surge.
However, things are starting to change now. Gold has pulled back slightly from its peak, dropping about 6% and is now trading around $3,318.
At the same time, Bitcoin is bouncing back, this week, it climbed to $95,000 with an 11% gain, showing that the crypto market might be waking up again. Meanwhile, XRP has been trying to stay strong above the $2 mark, but hasn’t shown much of a jump over the period yet.
History Could Repeat for XRP
Interestingly, this pattern looks very similar to what happened in 2020. Back then, gold had a strong run while crypto stayed weak. But when gold started slowing down, XRP and the rest of the crypto market shot up.
In 2020, XRP rose from just $0.17 to around $1.96, a gain of over 1,000% even though Ripple was still fighting a major lawsuit with the SEC at the time.
Although now the SEC case against Ripple is also close to ending, which could remove a big risk for XRP and give it more room to fly higher.
Could XRP Do It Again?
However popular crypto analyst named Cryptarch on TradingView believes XRP could soon go higher. He expects the price to move up step-by-step, first testing important levels like $2.49, $3.00, and $3.39.
He even thinks XRP might even jump to $6.50 soon, which would be almost a 200% increase from where it is now.
Giving an even more hopeful prediction, crypto supporter Davinci Jeremie says XRP could reach $24 this year.
As of now, XRP is trading at around $2.20, reflecting a slight rise seen in the last 24 hours with a market cap hitting $128 billion.
The post XRP Set for 1000% Rally? Gold’s Drop Could Trigger Massive XRP Rally! appeared first on Coinpedia Fintech News
While the crypto market has been moving sideways for months, something interesting is happening with XRP. In the past, when gold slowed down after a strong run, XRP went on a huge 1,000% rally. Now, with gold cooling off and the Ripple vs SEC case nearly over, many are wondering — is it finally XRP’s …
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as we discuss the growing influence of stablecoin issuers in the US Treasury market. With growing institutional adoption and regulatory legitimization of US dollar-pegged stablecoins, experts warn of artificial inflation of demand for the dollar.
Crypto News of the Day: Using Government Debt Instruments To Back Digital Dollars is Risky, Keiser Warns
The influence of stablecoin issuers in the US is growing, so much that Tether, which already issues the USDT stablecoin, plans to launch a US-only stablecoin by 2025. Tether aims to position stablecoins as strategic financial tools under the Trump administration.
Stablecoin supply by issuer in billions of US dollars. Source: Bain & Company
This chart shows Tether’s dominance in the stablecoin market, with overall supply going from $2 billion to more than $200 billion in recent years.
Meanwhile, the US Treasury projects stablecoins could reach a $2 trillion market by 2028, which could attract more players.
Nevertheless, as stablecoin influence in the Treasury market grows, the House Financial Services Committee is concerned.
Perhaps, however, the greater concern is stablecoin issuers’ using Treasury yields to buy Bitcoin. According to experts, this could undermine US government reserves.
A recent US Crypto News publication indicated reports of stablecoin issuers using Treasury yields to buy Bitcoin. Some say this could undermine initiatives like the proposed US Strategic Bitcoin Reserve, which aims to bolster national holdings of the pioneer crypto.
Growing Influence of Stablecoin Issuers in US Treasuries Market is Concerning, Max Keiser Says
Among them is Bitcoin pioneer Max Keiser, who voiced concerns over the growing influence of stablecoin issuers in the US Treasury market. Keiser warns that their use of government debt instruments to back digital dollars may have broader implications for the global financial system.
As of Q1 2025, Tether reported holding nearly $120 billion in short-term US Treasury securities and reverse repos. This makes it one of the largest non-sovereign holders of American government debt.
Meanwhile, Circle, issuer of USDC, disclosed more than $22 billion in Treasury bills in a February 2025 attestation.
These holdings collateralize dollar-pegged stablecoins, helping issuers maintain liquidity and trust. The issuers benefit from the interest income generated by the bonds.
While this practice is common and legal, Keiser contends it contributes to deeper systemic issues tied to fiat currency dynamics.
“This is exactly why the stablecoin issuers are buying Bitcoin, this is called a speculative attack on the US dollar. Feeding the debt spiral with fiat stablecoins, buying treasury bills, and then investing the interest into Bitcoin, allowing the stablecoin issuers to buy billions in Bitcoin for free,” Keiser told BeInCrypto.
Stablecoin issuers purchase US debt on secondary markets and earn interest, which they may or may not deploy into digital assets like Bitcoin. Keiser is critical of the broader financial architecture underpinning stablecoins.
“Issuing new stablecoins backed by US T-bills printed out of thin air is not a monetary system, but a financial hologram,” he said.
US Treasury bills are debt instruments issued by the federal government and sold to investors, including private companies like Tether and Circle, through regulated markets. These stablecoin issuers tokenize existing fiat currency held in reserve.
Keiser elaborated on what he sees as the long-term consequences of this model.
“It’s a speculative attack by private banks. It is financial repression, pushing rates down as ‘malinvestments’ increase. It is rinse and repeat,” he explained.
His critique also extends to the broader outlook for the US dollar, which, according to the Bitcoin pioneer, “is a quick, deadly fix; a USD hospice. Cue the final death throes of the US dollar.”
BeInCrypto has contacted Circle and Tether for comment and will update this article if they respond.
Max Keiser Proposes AI To Invent Novel Security Structures
Keiser also highlighted what he views as an emerging trend. He said high-profile investors and technologists use artificial intelligence (AI) and novel corporate strategies to increase Bitcoin exposure.
The Bitcoin maxi referenced Strategy Executive Chair Michael Saylor and investor-turned-politician Vivek Ramaswamy.
“Financial engineers like Michael Saylor and Vivek Ramaswamy are using AI to invent novel security structures to maximize the Bitcoin Treasury model. Vivek Ramaswamy plans to take his company, Strive Asset Management, public by merging with Asset Entities and starting to accumulate Bitcoin using the model that Saylor’s Strategy has already successfully adopted — using proceeds from stock and debt issuance,” Keiser remarked.
Though no confirmed public filings detailing Ramaswamy’s use of AI in this context, Keiser sees these developments as significant.
“The results are redefining finance globally and adding significantly to the Bitcoin demand. OG’s like myself, who have watched Bitcoin outperform everything for 15 years, are seeing, for the first time, investment strategies that are outperforming Bitcoin, and the implications are profound,” he said
Keiser believes such strategies could push Bitcoin’s market value even higher. He also implied that the extraordinary compounding rates of the past could be extended. This sentiment comes as Bitcoin captures more of the total addressable market and scales even higher price points.
The views expressed are those of Max Keiser and do not necessarily reflect the opinions of BeInCrypto.
Chart of the Day
International holdings of US Treasuries in billions of dollars. Source: Bain & Company
This chart shows that stablecoins have become a large holder in US treasuries.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
