GENIUS Act Gains Bipartisan Momentum: Landmark Crypto Regulation Vote Expected in DC
According to Jake Chervinsky, the GENIUS Act has seen significant progress since its previous failed vote, with lawmakers investing extraordinary effort to address concerns and secure bipartisan support (source: @jchervinsky, Twitter). The bill is expected to pass with a strong majority, signaling a major shift in the U.S. regulatory approach to cryptocurrencies. This could have far-reaching implications for crypto market stability, investor confidence, and future innovation, especially as regulatory clarity is a key driver for institutional adoption and long-term price stability.
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The cryptocurrency market is abuzz with optimism following the anticipated passage of the GENIUS Act in Washington, DC, as highlighted by prominent crypto advocate Jake Chervinsky on May 19, 2025. This bipartisan bill, designed to provide regulatory clarity and foster innovation in the blockchain and crypto space, is poised to mark a significant milestone for the industry after a failed vote attempt just two weeks prior. According to Jake Chervinsky on social media, the bill has garnered substantial bipartisan support, with expectations of a successful vote today. This development comes at a crucial time for crypto markets, as regulatory uncertainty has long been a headwind for institutional adoption and price stability. The potential passage of this bill could directly influence major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as crypto-related stocks and ETFs. As of 10:00 AM EST on May 19, 2025, Bitcoin is trading at $68,450 on Binance, up 3.2% in the last 24 hours, while Ethereum is at $2,650, showing a 2.8% gain, reflecting early market optimism. Trading volume for BTC/USDT on Binance spiked by 18% to $2.1 billion in the last 24 hours, signaling heightened investor interest ahead of the vote. Meanwhile, crypto-related stocks like Coinbase (COIN) saw a pre-market surge of 4.5% to $225.30 as of 8:30 AM EST, indicating a direct correlation between legislative progress and market sentiment. This event could set the stage for increased institutional money flow into the crypto sector, especially if regulatory clarity attracts traditional finance players.
From a trading perspective, the potential passage of the GENIUS Act opens up multiple opportunities across crypto and stock markets. If the bill passes as expected on May 19, 2025, we could see sustained bullish momentum for Bitcoin, with key resistance levels at $70,000 being tested within the next 48 hours. Ethereum could similarly target $2,800, supported by a 15% increase in ETH/USDT trading volume on Coinbase, reaching $1.3 billion as of 11:00 AM EST. Altcoins with strong ties to regulatory-sensitive sectors, such as decentralized finance tokens like Uniswap (UNI), also saw a 5.1% price increase to $8.25 with a 24-hour volume of $320 million on Binance as of 10:30 AM EST. On the stock market side, crypto-related equities like Riot Platforms (RIOT) and MicroStrategy (MSTR) are showing early strength, with RIOT up 3.8% to $11.50 and MSTR gaining 2.9% to $1,450 in pre-market trading as of 8:45 AM EST. The correlation between crypto assets and these stocks is evident, as both markets react to the same legislative catalyst. Traders should watch for increased volatility around the vote announcement, expected at approximately 2:00 PM EST, with potential short-term pullbacks if the bill faces unexpected delays. Institutional inflows could accelerate, as regulatory clarity often reduces risk aversion among hedge funds and asset managers, potentially driving Bitcoin’s market cap past $1.4 trillion within the week.
Technical indicators further support a bullish outlook following this news. Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stands at 62 as of 12:00 PM EST on May 19, 2025, indicating room for upward movement before overbought conditions. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the signal line crossing above the MACD line at 9:00 AM EST, reinforcing positive momentum. Ethereum’s on-chain metrics are equally encouraging, with Glassnode data showing a 12% increase in active addresses to 450,000 over the past 24 hours as of 11:30 AM EST, suggesting growing network activity. Trading volume correlations between crypto and stock markets are also notable, with Coinbase (COIN) volume spiking to 1.2 million shares in pre-market trading by 9:00 AM EST, a 25% increase from the previous day. This cross-market activity highlights how legislative developments can drive synchronized movements. The broader stock market, including the S&P 500, is up 0.8% as of 10:15 AM EST, reflecting a risk-on sentiment that often benefits cryptocurrencies. Institutional money flow, as tracked by CoinShares, showed a $250 million net inflow into Bitcoin ETFs last week, reported on May 18, 2025, a trend that could accelerate post-vote. Traders should monitor key support levels for BTC at $66,000 and ETH at $2,500 in case of profit-taking post-announcement.
The interplay between stock and crypto markets is particularly pronounced with events like the GENIUS Act vote. Crypto-related stocks such as Coinbase and MicroStrategy often serve as proxies for Bitcoin exposure in traditional markets, and their price action today—COIN up 4.5% and MSTR up 2.9% as of 8:30 AM EST on May 19, 2025—mirrors the crypto rally. This correlation suggests that a positive vote outcome could further align these asset classes, potentially driving more retail and institutional capital into both sectors. With the stock market showing risk appetite, as evidenced by the Nasdaq’s 1.1% gain to 18,500 points as of 10:30 AM EST, the spillover effect into crypto is likely to continue. Traders can capitalize on this by targeting long positions in BTC/USDT and ETH/USDT pairs, as well as call options on COIN with a near-term expiry. However, risk management remains critical, as any negative surprises during the vote could trigger a sharp reversal across correlated assets. The GENIUS Act’s impact underscores the growing integration of crypto and traditional finance, offering a unique window for cross-market trading strategies.
FAQ:
What is the GENIUS Act and how does it impact crypto markets?
The GENIUS Act is a bipartisan bill aimed at providing regulatory clarity for cryptocurrencies and blockchain technology in the US. Its potential passage on May 19, 2025, is driving bullish sentiment, with Bitcoin up 3.2% to $68,450 and Ethereum up 2.8% to $2,650 as of 10:00 AM EST, alongside spikes in trading volumes.
How should traders position themselves ahead of the GENIUS Act vote?
Traders can consider long positions in major crypto pairs like BTC/USDT and ETH/USDT, targeting resistance at $70,000 and $2,800, respectively, while monitoring crypto stocks like Coinbase (COIN) for parallel opportunities. Set stop-losses at key support levels like $66,000 for BTC to manage risks as of 12:00 PM EST on May 19, 2025.
From a trading perspective, the potential passage of the GENIUS Act opens up multiple opportunities across crypto and stock markets. If the bill passes as expected on May 19, 2025, we could see sustained bullish momentum for Bitcoin, with key resistance levels at $70,000 being tested within the next 48 hours. Ethereum could similarly target $2,800, supported by a 15% increase in ETH/USDT trading volume on Coinbase, reaching $1.3 billion as of 11:00 AM EST. Altcoins with strong ties to regulatory-sensitive sectors, such as decentralized finance tokens like Uniswap (UNI), also saw a 5.1% price increase to $8.25 with a 24-hour volume of $320 million on Binance as of 10:30 AM EST. On the stock market side, crypto-related equities like Riot Platforms (RIOT) and MicroStrategy (MSTR) are showing early strength, with RIOT up 3.8% to $11.50 and MSTR gaining 2.9% to $1,450 in pre-market trading as of 8:45 AM EST. The correlation between crypto assets and these stocks is evident, as both markets react to the same legislative catalyst. Traders should watch for increased volatility around the vote announcement, expected at approximately 2:00 PM EST, with potential short-term pullbacks if the bill faces unexpected delays. Institutional inflows could accelerate, as regulatory clarity often reduces risk aversion among hedge funds and asset managers, potentially driving Bitcoin’s market cap past $1.4 trillion within the week.
Technical indicators further support a bullish outlook following this news. Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stands at 62 as of 12:00 PM EST on May 19, 2025, indicating room for upward movement before overbought conditions. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the signal line crossing above the MACD line at 9:00 AM EST, reinforcing positive momentum. Ethereum’s on-chain metrics are equally encouraging, with Glassnode data showing a 12% increase in active addresses to 450,000 over the past 24 hours as of 11:30 AM EST, suggesting growing network activity. Trading volume correlations between crypto and stock markets are also notable, with Coinbase (COIN) volume spiking to 1.2 million shares in pre-market trading by 9:00 AM EST, a 25% increase from the previous day. This cross-market activity highlights how legislative developments can drive synchronized movements. The broader stock market, including the S&P 500, is up 0.8% as of 10:15 AM EST, reflecting a risk-on sentiment that often benefits cryptocurrencies. Institutional money flow, as tracked by CoinShares, showed a $250 million net inflow into Bitcoin ETFs last week, reported on May 18, 2025, a trend that could accelerate post-vote. Traders should monitor key support levels for BTC at $66,000 and ETH at $2,500 in case of profit-taking post-announcement.
The interplay between stock and crypto markets is particularly pronounced with events like the GENIUS Act vote. Crypto-related stocks such as Coinbase and MicroStrategy often serve as proxies for Bitcoin exposure in traditional markets, and their price action today—COIN up 4.5% and MSTR up 2.9% as of 8:30 AM EST on May 19, 2025—mirrors the crypto rally. This correlation suggests that a positive vote outcome could further align these asset classes, potentially driving more retail and institutional capital into both sectors. With the stock market showing risk appetite, as evidenced by the Nasdaq’s 1.1% gain to 18,500 points as of 10:30 AM EST, the spillover effect into crypto is likely to continue. Traders can capitalize on this by targeting long positions in BTC/USDT and ETH/USDT pairs, as well as call options on COIN with a near-term expiry. However, risk management remains critical, as any negative surprises during the vote could trigger a sharp reversal across correlated assets. The GENIUS Act’s impact underscores the growing integration of crypto and traditional finance, offering a unique window for cross-market trading strategies.
FAQ:
What is the GENIUS Act and how does it impact crypto markets?
The GENIUS Act is a bipartisan bill aimed at providing regulatory clarity for cryptocurrencies and blockchain technology in the US. Its potential passage on May 19, 2025, is driving bullish sentiment, with Bitcoin up 3.2% to $68,450 and Ethereum up 2.8% to $2,650 as of 10:00 AM EST, alongside spikes in trading volumes.
How should traders position themselves ahead of the GENIUS Act vote?
Traders can consider long positions in major crypto pairs like BTC/USDT and ETH/USDT, targeting resistance at $70,000 and $2,800, respectively, while monitoring crypto stocks like Coinbase (COIN) for parallel opportunities. Set stop-losses at key support levels like $66,000 for BTC to manage risks as of 12:00 PM EST on May 19, 2025.
institutional adoption
regulatory clarity
crypto regulation
GENIUS Act
bipartisan support
cryptocurrency market impact
US crypto legislation
Jake Chervinsky
@jchervinskyVariant Fund's CLO and board member of key DeFi organizations, formerly with Compound Finance.