Unchained
Unchained
Laura Shin
Bits + Bips: Who Wins If the GENIUS Act Passes, and Is Bitcoin’s Rally Over? - Ep. 869
1 hour 16 minutes Posted Jul 16, 2025 at 11:00 am.
Intro
Why bitcoin is hitting new highs and what’s really driving it
Why Noelle says market complacency can’t last forever
The surprising way bitcoin looks when you stop measuring it in USD
Whether this is the moment to de-risk your crypto exposure
How bitcoin mining stocks are made to be traded, not held, according to Ram
Austin’s thoughts on the odds of crypto legislation passing this summer
Who the winners and losers will be if the GENIUS Act becomes law
Whether payment giants like Visa are under threat from stablecoins
What kinds of firms could actually disrupt the U.S. financial system
The pros and cons of deposit tokens compared to stablecoins
How stablecoin legislation could reshape global macro and finance
Whether Pump.fun’s ICO was extractive or necessary
Why Grayscale wants to go public and what that move could unlock
Whether traditional banks have the talent to win the stablecoin race
Why Stellar might be the blockchain dark horse in this cycle
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Show notes
Bitcoin broke its all-time high. Meanwhile, stablecoin legislation is about to pass. And the macro picture is a powder keg.
In this episode of Bits + Bips, Steve Ehrlich, Ram Ahluwalia, and Noelle Acheson are joined by Austin Campbell to break down what’s really driving markets, and what could break them. From the GENIUS Act reshaping stablecoins to tariffs putting pressure on the Fed, to the Pump.fun ICO and memecoin mania, nothing is off limits.
And with crypto ripping, is it time to ride the rally, or take some risk off the table?
Thank you to our sponsor!
Bitwise
Steve Ehrlich, Executive Editor at Unchained
Ram Ahluwalia, CFA, CEO and Founder of Lumida
Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter 
Guest:
Austin Campbell, founder and managing partner of Zero Knowledge Consulting
Unchained: 
Bitcoin Sets New All-Time High, But Eyes Even Bigger Gains
PUMP Traders Make Big Options Bets on the Token Surging Past Its ICO Price
Grayscale Files Confidential IPO Paperwork
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