Passes – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 16 Aug 2025 09:14:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Passes – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 If bitcoin passes, someone is paying me with bitcoin https://earlybirdsinvest.com/if-bitcoin-passes-someone-is-paying-me-with-bitcoin/ https://earlybirdsinvest.com/if-bitcoin-passes-someone-is-paying-me-with-bitcoin/#respond Sat, 16 Aug 2025 09:14:38 +0000 https://earlybirdsinvest.com/if-bitcoin-passes-someone-is-paying-me-with-bitcoin/

To make sure you don’t fall into scams (also known as the payment will be returned), we recommend following the steps below.

  1. Once you broadcast a transaction that you pay you, Ask him or her for the transaction ID. It’s a rather long chain of Alphanum-shaped characters. example: 175A9BFFC0E84A7507C94AB8C28ADE40E629F051BD14F7F5FD4C2B0A0E9824A4 (This is the Coinbase transaction at block 910025).
  2. Go to Block Explorermempool.space etc. Find the transaction ID That a customer sent you.
  3. Please check the number of confirmations of the above transaction. As a standard, If a transaction gets 6 or more confirmations, it is considered final So, it is actually irreversible and not fraudulent.

If you have doubts, I hope this helps.

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House passes motion to reconsider crypto package containing the GENIUS Act https://earlybirdsinvest.com/house-passes-motion-to-reconsider-crypto-package-containing-the-genius-act/ https://earlybirdsinvest.com/house-passes-motion-to-reconsider-crypto-package-containing-the-genius-act/#respond Wed, 16 Jul 2025 18:48:19 +0000 https://earlybirdsinvest.com/house-passes-motion-to-reconsider-crypto-package-containing-the-genius-act/

The House approved on July 16 a motion to reconsider the crypto‑related proposals package combining the GENIUS Act, the CLARITY Act, and the Anti‑CBDC Surveillance Act in a 215-211 vote.

Alex Thorn, head of research at Galaxy Digital, said on X that analysts expect a vote on the GENIUS Act today.

Because the House agreed to a Senate‑passed resolution text that bundles the three measures procedurally, but does not itself constitute enrolled statutory language. As a result, the package does not go directly to the President. 

The approval positions House and Senate leaders to move the underlying bills individually, fold them into another legislative vehicle, or draft a consolidated conference substitute that can clear both chambers in identical statutory form for presidential action.

Since this was a procedural bundle rather than a single formal bill, the next step requires converting the package into enactable legislation. 

Committees or leadership can discharge, mark up, or attach the component measures to moving vehicles.

Crypto Package Setback on July 15

House leaders advanced GENIUS for floor action one day after members rejected a rule that would have packaged the same three digital asset measures with the annual defense appropriation. 

President Donald Trump urged Republicans on Truth Social on July 15 to support that combined rule, writing that passage would keep the United States “lightyears ahead” of China and Europe on digital asset policy. 

Libertarian‑leaning and House Freedom Caucus members objected to the bundling and pressed for stand‑alone debate time. 

Representative Chip Roy told reporter Laura Weiss he wants “a hard ban” on a US central bank digital currency and ranked the CLARITY Act as equally important, saying opponents “need to be dealing with this all at once.”

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Crypto Momentum Continues: US House Passes Legislation To Promote Blockchain Adoption https://earlybirdsinvest.com/crypto-momentum-continues-us-house-passes-legislation-to-promote-blockchain-adoption/ https://earlybirdsinvest.com/crypto-momentum-continues-us-house-passes-legislation-to-promote-blockchain-adoption/#respond Sat, 28 Jun 2025 10:52:28 +0000 https://earlybirdsinvest.com/crypto-momentum-continues-us-house-passes-legislation-to-promote-blockchain-adoption/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US House of Representatives has advanced a new bipartisan crypto legislation to promote Blockchain adoption in different areas and boost the nation’s competitiveness with federal support.

Blockchain Promotion Bill Passes US House

On Thursday, policy tracking platform Bitcoin Laws reported that the US House of Representatives passed a bill directing the US Secretary of Commerce to lead the national efforts to promote the competitiveness of the United States and the adoption of blockchain and other distributed ledger technologies (DLT).

In February, Republican Representative Kat Cammack introduced HR 1664, also known as the Deploying American Blockchains Act of 2025, to establish a Blockchain Deployment Program, aiming to develop best practices and explore the adoption of blockchain in multiple areas.

crypto

Excerpt of the Deploying American Blockchains Act of 2025. Source: Congress.gov

According to the bill, co-sponsored by Democratic Representative Darren Soto, the Secretary would be required to serve as the President’s principal advisor for the deployment, use, application, and competitiveness of blockchain and other DLT, and take the actions necessary and appropriate to support the US leadership in this sector.

These activities include developing policies and recommendations on blockchain deployment risks, while helping promote the national security and economic security of the United States concerning blockchain technology.

Additionally, it establishes that the US Secretary of Commerce must encourage and improve coordination among Federal agencies for the deployment of these technologies to offer federal support.

If signed into law, HR 1664 would also require the establishment of advisory committees to support the adoption of blockchain technology in the first 180 days after the date of the Act’s enactment.

Following its bipartisan support, the crypto legislation was received by the Senate earlier this week to continue the legislative process.

Crypto Legislation Advances In Congress

HB 1664’s passage follows the steps of other crucial crypto legislations in Congress, which have received significant bipartisan support in the two chambers. Recently, the stablecoin-related bill, the GENIUS Act, passed the Senate’s full vote and advanced to the House of Representatives.

Meanwhile, the House’s crypto market structure bill, CLARITY Act, passed its two committee markups at the start of the month. However, the future of both legislations seemed uncertain as some lawmakers pushed to package the two bills together.

As reported by Bitcoinist, House leaders were reportedly pushing to merge the GENIUS Act and the CLARITY Act to increase the bills’ chances of passing Congress and being sent to US President Donald Trump’s desk before the August recess deadline.

Nonetheless, Senate Banking Committee Chair Tim Scott revealed a new timeline for the crypto market structure framework at a press event on Thursday, suggesting an effort to keep the bills separate.

According to White House Crypto and AI Czar David Sacks’ summary of the new timeline, the legislation will be introduced before the August recess, followed by a Markup during the first week of September, and its final passage scheduled by the end of that month.

Sacks stated that “President Trump supports CLARITY on market structure as well as GENIUS on stablecoins,” adding that “July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!”

crypto, bitcoin, btc, btcusdt

Bitcoin (BTC) trades at $106,485 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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Shares of Coinbase and Circle Explode in Value After US Senate Passes Landmark Stablecoin Bill https://earlybirdsinvest.com/shares-of-coinbase-and-circle-explode-in-value-after-us-senate-passes-landmark-stablecoin-bill/ https://earlybirdsinvest.com/shares-of-coinbase-and-circle-explode-in-value-after-us-senate-passes-landmark-stablecoin-bill/#respond Sat, 21 Jun 2025 00:34:52 +0000 https://earlybirdsinvest.com/shares-of-coinbase-and-circle-explode-in-value-after-us-senate-passes-landmark-stablecoin-bill/

The shares of the crypto exchange Coinbase (COIN) and the stablecoin company Circle (CRCL) saw significant gains after US senators passed a landmark law to regulate stablecoins.

The US Senate on Wednesday voted 68-30 with bipartisan support in favor of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), which would establish a framework for stablecoin issuers.

The bill seeks to require stablecoin issuers to have full asset backing, monthly reserve disclosures and yearly audits for those with over $50 billion in market capitalization.

Says pro-crypto Wyoming Republican Senator Cynthia Lummis after the passage of the bill,

“Today brings us one step closer to becoming a welcoming home for digital asset companies. Now, let’s finish the job & pass market structure legislation to fulfill POTUS’ vision of becoming the crypto capital of the world.”

Following the development, the shares of Circle surged by 33.82%, closing at $199. The company behind USD Coin (USDC), the second-largest stablecoin by market cap, just launched as a publicly traded company earlier this month with an initial public offering (IPO) price of $31.00 per share.

Coinbase’s shares also rose by 16.32% and closed at $295.29 on Wednesday.

The House of Representatives must still pass a version of the bill before the proposed legislation heads to President Donald Trump’s desk for approval.

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Senate Passes GENIUS Act, Paving Way for $239B Stablecoin Expansion https://earlybirdsinvest.com/senate-passes-genius-act-paving-way-for-239b-stablecoin-expansion/ https://earlybirdsinvest.com/senate-passes-genius-act-paving-way-for-239b-stablecoin-expansion/#respond Wed, 18 Jun 2025 19:28:03 +0000 https://earlybirdsinvest.com/senate-passes-genius-act-paving-way-for-239b-stablecoin-expansion/

Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

About Author

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in a 68–30 vote, marking the first time lawmakers have approved legislation focused on digital assets—a move welcomed by industry leaders.

The bill gained bipartisan support, with 18 Democrats joining most Republicans in favor. Only two Republicans opposed the measure. The GENIUS Act introduces a federal framework to regulate stablecoins, requiring dollar-backed reserves and clearly defined roles for state and federal oversight.

The bill seeks to integrate stablecoins into the broader financial system more securely, responding to longstanding calls from the crypto industry and financial institutions for consistent rules.

Anil Oncu, CEO of Bitpace, called the vote a turning point. “The bill provides the clarity businesses have been waiting for and allows stablecoins’ speed and cost benefits to be safely integrated by banks, PSPs, and card networks,” he said.

Oncu explains that the stablecoin supply has grown from under $10 billion to $239 billion in just five years, showing the need for safeguards and regulatory consistency.

Industry Leaders and Advocates Applaud the Move

Stand With Crypto, a U.S.-based crypto advocacy group, also welcomes the Senate’s decision, describing it as a key step toward securing America’s place in the evolving digital financial lsector.

The group, which represents a grassroots network of developers, users, and builders, advocates for stablecoin regulation to support innovation and consumer protection.

“Stablecoins play a critical role in America’s digital economy, bridging crypto and fiat currencies,” said Mason Lynaugh, community director at Stand With Crypto.

“We need legislation that ensures they are safe, fully backed, and transparent while fostering competition and innovation in the marketplace. This bill moves us closer to that reality.”

The organization says it will score lawmakers based on their votes on the GENIUS Act, using the results in future crypto policy scorecards to track political alignment on key industry issues.

A Bid to Reinforce U.S. Crypto Leadership

Beyond regulating stablecoins, the GENIUS Act is being seen as part of a broader attempt to re-establish the U.S. as a leader in blockchain development.

The lack of clear regulations has pushed some developers and companies abroad. According to Stand With Crypto, the U.S. share of global blockchain developers has dropped by roughly 14% since 2018, falling to 26% by 2023.

Industry voices argue that regulatory uncertainty is hindering and deterring institutional interest in the crypto sector. With stablecoins increasingly used in both retail and business payments, the GENIUS Act is positioned to help bridge those gaps by laying the groundwork.

Liat Shetret, vice president of global policy and regulation at blockchain analytics firm Elliptic, called the Senate vote “a pivotal step in shaping the country’s digital asset future.” She added,

“It’s clear that robust consumer protections and market integrity safeguards were central to driving approval, and the GENIUS Act benefited from strong nonpartisan support.”

The House is expected to take up the legislation in the coming weeks. While some industry advocates have urged rapid passage, others, including the Conference of State Bank Supervisors, are pressing for key changes to address potential risks to financial stability.


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U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win https://earlybirdsinvest.com/u-s-senate-passes-genius-act-to-regulate-stablecoins-marking-crypto-industry-win/ https://earlybirdsinvest.com/u-s-senate-passes-genius-act-to-regulate-stablecoins-marking-crypto-industry-win/#respond Tue, 17 Jun 2025 22:29:19 +0000 https://earlybirdsinvest.com/u-s-senate-passes-genius-act-to-regulate-stablecoins-marking-crypto-industry-win/

The overwhelming bipartisan passage of the U.S. Senate’s stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives.

The major Democratic backing for the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act helps give it momentum as it lands in the other chamber, where House lawmakers can either vote on it as written or pursue changes that will require a final round in the Senate before it can head to President Donald Trump’s desk.

As written, the bill would set up guardrails around the approval and supervision of U.S. issuers of stablecoins, the dollar-based tokens such as the ones backed by Circle, Ripple and Tether. Firms making these digital assets available to U.S. users would have to meet stringent reserve demands, transparency requirements, money-laundering compliance and regulatory supervision that’s also likely to include new capital rules.

Ji Kim, the Acting CEO of the Crypto Council for Innovation, called it a “historic step forward for the digital asset industry,” in a prepared statement shared ahead of the vote

“This is a win for the U.S., a win for innovation and a monumental step towards appropriate regulation for digital assets in the United States,” said Amanda Tuminelli, executive director and chief legal officer of the DeFi Education Fund, in a similar statement.

While it has failed to convince some of the most vocal Democratic critics such as Senator Elizabeth Warren, who say it allows loopholes for foreign tokens such as Tether’s

, doesn’t deal with conflicts presented by the personal crypto involvement of President Trump and clears a path for technology giants such as Amazon to issue their own coins, the bill’s backers in her party have essentially argued that doing nothing isn’t an option.

“With this bill, the United States is one step closer to becoming the global leader in crypto,” said Senator Bill Hagerty, the Tennessee Republican who sponsored the bill, as the Senate prepared to vote on Tuesday. “The value of stablecoins will be pegged to the U.S. dollar and backed one-to-one by cash and short-term U.S. Treasuries. This will provide certainty and confidence for more wide-scale adoption of this transformational technology.”

While this is the first significant crypto bill to clear the Senate, it’s also the first time a stablecoin bill has passed either chamber, despite years of negotiation in the House Financial Services Committee that managed to produce other major crypto legislation in the previous congressional session.

The destiny of the GENIUS Act is also tied closely to the House’s own Digital Asset Market Clarity Act, the more sweeping crypto bill that would establish the legal footing of the wider U.S. crypto markets. The stablecoin effort is slightly ahead of the bigger task of the market structure bill, but the industry and their lawmaker allies argue that they’re inextricably connected and need to become law together. So far, the Clarity Act has been cleared by the relevant House committees and awaits floor action.

The crypto industry’s lobbyists turn now to the House on both those issues. A new report on Tuesday from TRM Labs says that stablecoins represent more than 60% of current crypto transactions, and more than 90% of those coins are pegged to the U.S. dollar — dominated by USDC and USDT.

“Although TRM estimates that 99% of stablecoin activity is licit, their speed, scale, and liquidity have made them appealing for illicit uses, including ransomware payments, fraud, and terrorist financing,” the analytical organization noted.

Illicit finance represents one of the major complaints of critics in Congress.

Read More: Can Tether’s Dominance Survive the U.S. Stablecoin Bill?

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The CLARITY Act Passes House Committees, Heads to Full House Vote https://earlybirdsinvest.com/the-clarity-act-passes-house-committees-heads-to-full-house-vote/ https://earlybirdsinvest.com/the-clarity-act-passes-house-committees-heads-to-full-house-vote/#respond Sun, 15 Jun 2025 21:36:39 +0000 https://earlybirdsinvest.com/the-clarity-act-passes-house-committees-heads-to-full-house-vote/

Lawmakers in the US House of Representatives are moving forward with a bill designed to bring clearer rules to the crypto industry.

The Digital Asset Market Clarity (CLARITY) Act has passed through two key committees and will be up for a full House vote.

The bill allocates responsibilities between two main agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It also outlines the basic requirements for crypto exchanges, brokers, and dealers, including how they should manage customer funds, maintain records, and share information with users.

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Another part of the proposal protects people’s right to use non-custodial wallets, which means they can hold their crypto directly and make transactions without relying on intermediaries.

The House Agriculture Committee first approved the bill with a vote of 47 to 6. Then, the House Financial Services Committee passed it with a 32 to 19 vote.

Representative French Hill, the bill’s sponsor, praised the progress and noted that it followed previous work by Representative Bryan Steil, who led efforts on a separate stablecoin bill. Steil, who chairs the Financial Services Subcommittee on crypto, called the vote a meaningful step.

Additionally, on June 10, Representative Hill introduced an amendment to ensure that certain blockchain developers and service providers would not be classified as money transmitters.

The amendment to the CLARITY Act follows a request from a group of US crypto advocacy organizations seeking to attach the Blockchain Regulatory Certainty Act (BRCA). What did the group say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Prediction: What Might Greg Abel Do With a $350 Billion Cash Stockpile When Buffett Passes the Berkshire Torch https://earlybirdsinvest.com/prediction-what-might-greg-abel-do-with-a-350-billion-cash-stockpile-when-buffett-passes-the-berkshire-torch/ https://earlybirdsinvest.com/prediction-what-might-greg-abel-do-with-a-350-billion-cash-stockpile-when-buffett-passes-the-berkshire-torch/#respond Wed, 14 May 2025 07:04:56 +0000 https://earlybirdsinvest.com/prediction-what-might-greg-abel-do-with-a-350-billion-cash-stockpile-when-buffett-passes-the-berkshire-torch/

Warren Buffett surprised Berkshire Hathaway (BRK.A -0.36%) (BRK.B -0.37%) shareholders earlier this month when he announced at Berkshire’s annual meeting that he would be stepping down as CEO once the year ended. Buffett has run Berkshire for about six decades and made many shareholders rich in the process, with Berkshire’s stock generating incredible returns.

Now, the Oracle of Omaha will pass the baton to Berkshire’s vice chair, Greg Abel. Buffett had previously announced that Abel would take over as CEO once he stepped down, although the timeline hadn’t been clear until recently. With Berkshire’s massive $350 billion hoard of cash, Abel is taking over Berkshire at a time when the company has a fortress balance sheet and a war chest ready for any opportunities that should arise. Here are some moves Abel might make once he officially becomes CEO.

What will he buy?

Many have speculated that Buffett was stockpiling cash in preparation to hand the reins over to his successor. Buffett has, of course, denied this. While Abel and the rest of the team at Berkshire are more than capable of carrying the torch, it’s still a big change, given that Buffett is arguably the greatest investor of all time and that investors viewed his role as CEO — even at the age of 94 — as a port in the barrage of storms that have become common in the market since the COVID-19 pandemic in 2020.

Warren Buffett.

Image source: Motley Fool.

It would be surprising to see Berkshire continue building cash at this pace forever, and Buffett himself has said the Berkshire team would always prefer to put its money to work in productive businesses. However, one problem for Berkshire is that its success has swollen its size. The market cap of the company has surpassed $1 trillion, and Berkshire’s equity portfolio has surpassed $300 billion on numerous occasions in the past. That makes buying positions in stocks difficult because Berkshire likes to maintain less than a 10% ownership in companies when possible, and it makes many companies too small to move the needle.

One thing we have seen Berkshire do is continually increase its stake in many of its existing holdings. Berkshire isn’t afraid to go big like it did when it took Apple to 40% of its total portfolio. I think this trend may continue. Abel has been running Berkshire Hathaway Energy for some time, and it’s clear that Berkshire’s team of investing lieutenants think that domestic energy and oil producers are going to continue to be incredibly valuable. This makes me wonder if Berkshire will one day purchase Occidental Petroleum outright. The company already owns 28% of outstanding shares, and many of Berkshire’s more recent acquisitions have been in the energy sector.

Buffett has said Berkshire has no interest in fully acquiring Occidental, but I wonder if this will change with Abel running the company. Occidental’s CEO, Vicki Hollub, has recently said that a buyout by Berkshire “would be a dream come true.” Other purchases are tough to predict, but I wouldn’t expect Berkshire’s investing lieutenants to stray too far from Berkshire’s proven strategy. Many, like Ted Weschler and Todd Combs, already run about 10% of the portfolio, and some of their recent purchases, like Sirius XM, seem to be following Buffett’s long-term, value-oriented playbook.

Expect capital distributions to pick up

One thing I would expect Abel to do with Berkshire’s massive cash hoard is to increase capital returns to shareholders. Berkshire hasn’t been buying back as much of Berkshire’s stock as it normally does.

One possible reason is that Berkshire’s stock is too highly valued, but Abel may not be afforded the same luxury as Buffett by shareholders, who will likely expect or possibly demand a steadier stream of buybacks. Buffett was certainly shareholder-friendly and repurchased plenty of Berkshire stock, but Abel probably can’t sit on hundreds of billions of cash for as long as Buffett can.

This brings me to another area of capital deployment that I think Abel will strongly consider: Launching a dividend. Berkshire has never paid a dividend, simply because Buffett thought he could deploy capital better — and he was right. But, once again, Abel probably doesn’t have this luxury. Given how Berkshire’s size makes it more difficult to deploy capital, it makes more sense to pay a dividend now.

A dividend would also likely draw in a new investor base. Furthermore, a dividend aligns with Berkshire’s brand. The company is not only one of the best at deploying capital, but it’s been viewed as a flight to safety during times of market turbulence. This is part of the reason the stock has crushed the broader market this year. Investors like the company’s diversity of businesses, strong earnings and cash generation, and strong management team. Adding a sturdy dividend only boosts this brand, in my opinion.

Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy.

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California Crypto Self-Custody and Payments Bill Passes Committee https://earlybirdsinvest.com/california-crypto-self-custody-and-payments-bill-passes-committee/ https://earlybirdsinvest.com/california-crypto-self-custody-and-payments-bill-passes-committee/#respond Tue, 22 Apr 2025 22:43:31 +0000 https://earlybirdsinvest.com/california-crypto-self-custody-and-payments-bill-passes-committee/

California Assembly Bill 1052, or the “Digital Assets Bill” (formerly the Money Transmission Act), passed a Committee vote with bipartisan support on April 21.

It was introduced by Assembly Member and Democrat Avelino Valencia in February and amended at the end of March.

It aims to protect cryptocurrency users and investors by supporting their right to self-custody their digital assets.

Protecting Crypto Users’ Rights

AB 1052 authorizes individuals and businesses to accept digital assets as payment and deems them as valid and legal in private transactions.

It also prohibits public entities from restricting digital asset use or imposing special taxes solely on crypto payments and clarifies that this is a statewide matter that applies to all cities in California.

The legislation specifically addresses self-custody of cryptocurrency, stating:

“A public entity shall not prohibit, restrict, or impose any requirements on the use of hardware or a self-hosted wallet to control digital financial assets.”

It also prevents government entities from creating regulations that would restrict or impose requirements on self-custody solutions.

The bill is designed to protect individuals’ rights to control their own private keys and digital assets without government interference.

There is still a long legal path to go, however, and nothing happens fast in the US Congress. Following the Assembly Banking and Finance Committee vote, it passes to the Assembly floor for a full vote by all Assembly members, and then on to a Senate committee, and then the full Senate, before heading to the government for a final yay or nay vote.

It requires a two-thirds vote for passage as it amends the Political Reform Act and makes various technical amendments to the Code of Civil Procedure, Financial Code, and Government Code to implement these provisions.

Strategic Bitcoin Reserve Bill Update

Arizona is the leading state with two strategic Bitcoin reserve bills in the final stages of voting, according to Bitcoin Law’s State Reserve Race tracker.

There have been 46 strategic Bitcoin reserve bills introduced across 26 states, it reported. Following Arizona, legislation in New Hampshire and Texas is next likely to get approved.

Meanwhile, the asset itself hit a six-week high of $88,500 in early trading in Asia on Tuesday as store of value assets continue to attract investors in an accelerating flight from US stocks and the US dollar.

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Everstake Passes Independent Trail of Bits Audit, Ensuring Secure and Accessible Staking for Everyone https://earlybirdsinvest.com/everstake-passes-independent-trail-of-bits-audit-ensuring-secure-and-accessible-staking-for-everyone/ https://earlybirdsinvest.com/everstake-passes-independent-trail-of-bits-audit-ensuring-secure-and-accessible-staking-for-everyone/#respond Wed, 09 Apr 2025 14:28:34 +0000 https://earlybirdsinvest.com/everstake-passes-independent-trail-of-bits-audit-ensuring-secure-and-accessible-staking-for-everyone/

April 9th, 2025 – Miami, FL


class=”ql-align-justify”>Everstake, a leading global non-custodial staking provider for retail and institutional clients, announces that its 0.1+ ETH Staking Solution, which enables users to stake with as little as 0.1 ETH, has undergone an independent audit by Trail of Bits.

Trail of Bits conducted a comprehensive review of several smart contracts within Everstake’s Ethereum staking protocol. The audit evaluated authentication, access controls, documentation, and transaction security. While Trail of Bits identified areas for improvement, Everstake has successfully addressed the majority of the findings, including updating its documentation.

Since staking traditionally requires 32 ETH, Everstake was among the first to lower the barrier to entry, allowing users to participate with just 0.1 ETH. For the company, client security remains a top priority, particularly as this protocol is also integrated into Wallet SDK—an open-source toolkit that enables easy staking integration for wallets. Industry leaders such as Trezor rely on this technology to provide secure and user-friendly staking experiences.

“Ensuring a seamless and secure staking experience is a top priority for Trezor. By partnering with Everstake, we provide our users with a way to receive rewards while maintaining top-tier security standards. The recent audit by Trail of Bits confirmed that Everstake’s staking infrastructure meets high-security standards, reinforcing our commitment to making staking both secure and accessible within Trezor Suite,” said Mat?j Žák, CEO at Trezor. 

“Security and accessibility go hand in hand when it comes to staking. At Everstake, we take both seriously, which is why we welcomed an independent audit by Trail of Bits. This milestone reflects our ongoing commitment to maintaining a secure platform for our users. We believe that industry-wide collaboration is key to creating a safer Web3, and we’re proud to contribute to setting higher standards in the staking ecosystem”, said Bohdan Opryshko, co-founder and COO at Everstake.

The full report of the audit is available at Trail of Bits’ GitHub.

About Trail of Bits:

Founded in 2012 by 3 expert hackers with no investment capital, Trail of Bits is the premier place for security experts to boldly advance security and address technology’s newest and most challenging risks. It has helped secure some of the world’s most targeted organizations and devices. Our combination of novel research with practical solutions reduces the security risks that our clients face from emerging technologies. Our work helps drive the security industry and the public understanding of the technology underlying our world.

About Everstake:

Everstake, founded in 2018 by blockchain engineers, is a leading global non-custodial staking provider for both institutional and retail clients, on a mission to make staking accessible to everyone. Operating across 85+ networks with 735,000+ delegators, it delivers institutional-grade infrastructure with 99.9% uptime. Everstake ensures top-tier security and compliance with SOC 2 and has completed a 3-week Trail of Bits audit of its Ethereum staking protocol (3a3fee5). Through strategic partnerships with industry leaders, Everstake strengthens the staking ecosystem and provides whitelabel staking solutions, enabling businesses to easily integrate staking into their platforms. 

Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services or take custody of, or otherwise hold or manage, customer assets. Everstake does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. Everstake’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.

Contact

PR Manager
Annabella Lapshyna
Everstake
marketing@everstake.one

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