The Problem: Unproven Bitcoin Is Just Another IOU
Bitcoin is designed to be verifiable—but most corporate disclosures aren’t. When companies report BTC holdings without public wallet visibility or on-chain proof, investors are left to trust balance sheets, auditors, and custodians.
That opens the door to systemic risks:
Rehypothecation: BTC pledged or lent behind the scenes
Custodial failure: Centralized services operating without 1:1 backing
“Paper Bitcoin”: Multiple claims on the same BTC, echoing legacy financial opacity
The mere presence of Bitcoin on a balance sheet is not a guarantee. Without verification, it’s no different than a fiat-denominated claim—an IOU dressed up in BTC terms.
Bitcoin Is Built for Proof—and Companies Should Use It
Unlike legacy assets, Bitcoin is designed to make proof of ownership and solvency a native function of the asset itself. Through public key cryptography, on-chain auditability, and permissionless transparency, Bitcoin enables real-time, trust-minimized verification.
This isn’t just a technical capability—it’s a governance feature. Bitcoin allows companies to demonstrate, cryptographically and without intermediaries, that their reserves exist, are intact, and are unencumbered. No bank statements. No opaque custodial claims. Just data, on-chain.
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025, as reflected in the latest available draft and discussions around the Senate vote on May 20, 2025, aims to create a comprehensive federal regulatory framework for payment stablecoins in the United States. Below is an overview of the bill’s key provisions, addressing whether technology companies can issue stablecoins, and other significant aspects, based on the most recent information available up to May 20, 2025.
Dimon has long been skeptical of Bitcoin, labeling it a scam that he had no interest in buying in 2018 and calling it “worthless” during the 2021 crypto bull market.
“I’ve always been deeply opposed to crypto, Bitcoin, etc.,” he said during a Senate Banking Committee hearing in 2023. “The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance.”
“If I were the government, I’d close it down,” he said.
At the 2024 World Economic Forum in Davos, Switzerland, Dimon said Bitcoin “does nothing. I call it the pet rock,” which came after the asset topped $100,000 for the first time.
Why Arthur Hayes is bullish on Ethereum, says ETH could outperform Solana
Ethereum (ETH) trades close to key support at $2,400 on Monday. The largest altcoin’s on-chain indicators currently support a bearish thesis for Ether, as seen on IntoTheBlock.
Ethereum (ETH) trades close to key support at $2,400 on Monday. The largest altcoin’s on-chain indicators currently support a bearish thesis for Ether, as seen on IntoTheBlock.
Arthur Hayes, co-founder of BitMEX, told Fortune Crypto in an interview that he is bullish on Ether and the altcoin could beat Solana in 2025. In their thesis, analysts at CryptoQuant suggest a turning point for Ethereum as the altcoin enters the undervaluation zone.
AI’s rapid expansion, backed by Tesla Megapacks, positions it to rival AI leaders like OpenAI and Google. The Colossus 2 deployment reflects a strategic blend of cutting-edge AI and sustainable energy. As Memphis’ infrastructure adapts to unprecedented power demands, xAI and Tesla are reshaping the AI landscape with a focus on efficiency and environmental responsibility.
The Innovation Isn’t the Token—It’s the Trust Framework Written By Robinhood
Robinhood’s proposal introduces some of the most important legal infrastructure yet seen in the RWA space. It calls for a unified national framework to replace the fragmented, state-by-state compliance approach that currently governs securities. It proposes that tokens representing assets—like equities or government bonds—should be legally equivalent to the underlying asset, not classified as derivatives or synthetic products.
That one change, if approved, would eliminate the need for duplicate systems and ambiguous ownership rights. It would also allow broker-dealers like Robinhood to custody and trade tokenized assets using existing regulatory guardrails, not separate, uncertain structures.
The Problem: Unproven Bitcoin Is Just Another IOU
Bitcoin is designed to be verifiable—but most corporate disclosures aren’t. When companies report BTC holdings without public wallet visibility or on-chain proof, investors are left to trust balance sheets, auditors, and custodians.
That opens the door to systemic risks:
Rehypothecation: BTC pledged or lent behind the scenes
Custodial failure: Centralized services operating without 1:1 backing
“Paper Bitcoin”: Multiple claims on the same BTC, echoing legacy financial opacity
The mere presence of Bitcoin on a balance sheet is not a guarantee. Without verification, it’s no different than a fiat-denominated claim—an IOU dressed up in BTC terms.
Bitcoin Is Built for Proof—and Companies Should Use It
Unlike legacy assets, Bitcoin is designed to make proof of ownership and solvency a native function of the asset itself. Through public key cryptography, on-chain auditability, and permissionless transparency, Bitcoin enables real-time, trust-minimized verification.
This isn’t just a technical capability—it’s a governance feature. Bitcoin allows companies to demonstrate, cryptographically and without intermediaries, that their reserves exist, are intact, and are unencumbered. No bank statements. No opaque custodial claims. Just data, on-chain.
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025, as reflected in the latest available draft and discussions around the Senate vote on May 20, 2025, aims to create a comprehensive federal regulatory framework for payment stablecoins in the United States. Below is an overview of the bill’s key provisions, addressing whether technology companies can issue stablecoins, and other significant aspects, based on the most recent information available up to May 20, 2025.
!summarize #tesla #stock #investing
Dimon has long been skeptical of Bitcoin, labeling it a scam that he had no interest in buying in 2018 and calling it “worthless” during the 2021 crypto bull market.
“I’ve always been deeply opposed to crypto, Bitcoin, etc.,” he said during a Senate Banking Committee hearing in 2023. “The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance.”
“If I were the government, I’d close it down,” he said.
At the 2024 World Economic Forum in Davos, Switzerland, Dimon said Bitcoin “does nothing. I call it the pet rock,” which came after the asset topped $100,000 for the first time.
Why Arthur Hayes is bullish on Ethereum, says ETH could outperform Solana
Ethereum (ETH) trades close to key support at $2,400 on Monday. The largest altcoin’s on-chain indicators currently support a bearish thesis for Ether, as seen on IntoTheBlock.
Ethereum (ETH) trades close to key support at $2,400 on Monday. The largest altcoin’s on-chain indicators currently support a bearish thesis for Ether, as seen on IntoTheBlock.
Arthur Hayes, co-founder of BitMEX, told Fortune Crypto in an interview that he is bullish on Ether and the altcoin could beat Solana in 2025. In their thesis, analysts at CryptoQuant suggest a turning point for Ethereum as the altcoin enters the undervaluation zone.
AI’s rapid expansion, backed by Tesla Megapacks, positions it to rival AI leaders like OpenAI and Google. The Colossus 2 deployment reflects a strategic blend of cutting-edge AI and sustainable energy. As Memphis’ infrastructure adapts to unprecedented power demands, xAI and Tesla are reshaping the AI landscape with a focus on efficiency and environmental responsibility.
The Innovation Isn’t the Token—It’s the Trust Framework Written By Robinhood
Robinhood’s proposal introduces some of the most important legal infrastructure yet seen in the RWA space. It calls for a unified national framework to replace the fragmented, state-by-state compliance approach that currently governs securities. It proposes that tokens representing assets—like equities or government bonds—should be legally equivalent to the underlying asset, not classified as derivatives or synthetic products.
That one change, if approved, would eliminate the need for duplicate systems and ambiguous ownership rights. It would also allow broker-dealers like Robinhood to custody and trade tokenized assets using existing regulatory guardrails, not separate, uncertain structures.