CLARITY and GENIUS Bills Advance in Congress, Stripe Acquires Privy, and Connecticut Kills Crypto Reserve | June 12, 2025

Congress inches closer to a crypto regulatory breakthrough, with new momentum behind the GENIUS and CLARITY Acts (1:02). We also have updates on a harrowing Bitcoin-related kidnapping in Manhattan (2:37), Stripe’s latest crypto acquisition (4:03), and Connecticut’s move to ban government involvement in digital assets (5:35).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Landmark Crypto Bill Moves Closer to Passage in Senate. Jasper Goodman. Politico.

https://www.politico.com/live-updates/2025/06/11/congress/landmark-crypto-bill-moves-closer-to-passage-in-senate-00400472

2 House Panels Advance Crypto Market Structure Bill. Julia Shapero. The Hill.

https://thehill.com/policy/technology/5344328-house-panel-advances-crypto-oversight/

Photos Show Accuser in NYC Crypto Kidnapping Leaving House Freely, Defense Lawyers Say. Philip Marcelo. Associated Press.

https://apnews.com/article/manhattan-crypto-kidnapping-torture-bitcoin-suspect-indicted-7e76c69217ba9f56973dbfaa33a01af2

Stripe Acquires Crypto Wallet Infrastructure Provider Privy. Duncan Riley. SiliconANGLE.

https://siliconangle.com/2025/06/11/stripe-acquires-crypto-wallet-infrastructure-provider-privy/

Connecticut Enacts Law Banning State Crypto Reserves, Investments. Timmy Shen. The Block.

https://www.theblock.co/post/357704/connecticut-bans-state-crypto-investments

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti