New Reality for Crypto: Regulation, Trust, and Opportunities

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GoMining
@GoMining_tokenAug 20, 2025

The Spaces convenes Foxy (host), Jeremy Dryer (GoMining), Chunky (BD, FSL ecosystem), and Farrah (co‑founder, Cross Curve AI) to examine U.S. regulatory shifts and their global ripple effects on Bitcoin, mining, DeFi, and institutional adoption. Jeremy outlines GoMining’s tokenized hash‑rate model, scale (≈4M users, 4,500 BTC paid out, 9 EH/s), and a Bitcoin‑maxi thesis: ETFs’ record launches (> $1T traded), an executive order on a strategic Bitcoin reserve, and the Genius Act plus a stablecoin framework as catalysts for institutional “mass adoption,” not retail. He argues stablecoins will expand DeFi while strengthening the USD short term. Chunky is cautiously optimistic—welcoming bipartisan progress yet wary of policy reversals and the long runway to full effect (citing 2027), noting hard‑won clarity can still be amended. Farrah, speaking from Dubai’s crypto hub vantage, says U.S. clarity reduces SEC risk, unlocks institutional participation, enables DeFi builders, and, if stablecoins are treated as digital dollars, could onboard global finance onto crypto rails. Foxy adds EU/CIS reflections, including PayPal voucher payments with 100+ cryptos and Robinhood’s RWA tokenization signals. Across viewpoints, the panel agrees any clear framework beats ambiguity and positions Bitcoin, stablecoins, and compliant DeFi for the next phase of adoption.

Regulation, Trust, and Web3: US policy shifts, Bitcoin mining, DeFi, and global reflections

Participants and roles

  • Foxy (host/co-host): EU-based moderator, market news watcher and analyst. Focused on regulation’s global reflections and tooling in the Bitcoin ecosystem.
  • Jeremy Dryer: Chief Business Development Officer at GoMining. Bitcoin-focused perspective (self-described BTC maxi), mining and institutional adoption.
  • Chunky: Business Development for the FSL ecosystem. Light-hearted “Cardano maxi” joke; offers a cautious, pragmatic US regulatory take and reflections on BTC vs altcoin returns.
  • Farrah: Co-founder of Cross Curve (cross-chain data and liquidity protocol, backed by Curve Finance and major VCs; reported ~$4B in volume) and organizer of the “Crypto Executives” community. Dubai-based, global and institutional lens on regulation.

Market backdrop and sentiment

  • Foxy noted a strong, recently bullish market tone (Bitcoin reached a new ATH), despite a near-term pullback (“a little bit red”). Emphasized thinking in percentage terms rather than absolute numbers.
  • Anticipated/ongoing developments: tooling entering the Bitcoin ecosystem; PayPal enabling payments via 100+ cryptocurrencies for vouchers; in the EU, Robinhood reportedly offering RWA-like share tokens. Foxy observes many actors seemed poised to move once US clarity emerged.

US regulatory shift (“Regulation 2.0”): support vs surveillance

Jeremy’s perspective (US, Nashville)

  • Spot Bitcoin ETFs as the inflection point: called them the most successful ETF launch to date, surpassing $1T in trading volume, indicating deep demand and unlocking institutional participation.
  • Executive branch signal: referenced President Trump signing an executive order establishing a Strategic Bitcoin Reserve. Jeremy framed this as a long-awaited step toward Bitcoin being treated as “digital gold,” a strategic reserve asset alongside (and competing with) physical gold.
  • Stablecoin framework (the “Genius Act” and stablecoin clarity): described it as a federal framework for USD-backed stablecoins, which he expects will:
    • Greatly expand stablecoin issuance and usage (especially in DeFi),
    • In the short term strengthen USD by creating more ways to hold/use dollars on-chain,
    • Broaden participation in crypto protocols.
  • Mass adoption = institutions: emphasized that true mass adoption is institutional, not purely retail. He asserted “the institutions are now here,” buying and even mining Bitcoin, and building bespoke institutional products (e.g., bitcoin reserve strategies, mining-related products). Expects the next 5–10 years to be especially strong for Bitcoin and mining, particularly in North America.
  • On policy process: even imperfect clarity beats uncertainty. Past regulatory opacity (e.g., lack of clear SEC guidance) deterred institutions; today’s frameworks catalyze diligence and entry, even if rules evolve via negotiation and amendments.

Chunky’s perspective (US, North Carolina)

  • Bipartisan momentum with caveats: acknowledged the Genius Act’s substantial bipartisan support, but remains cautious due to limited trust in government execution and the potential for policy reversals amid administration changes.
  • Timing risk: flagged that some provisions may not take full effect until around January 2027, leaving room for amendments and political volatility.
  • Macro importance: while US-centric, American policy is highly consequential because the US is the world’s largest financial market. Net view: cautiously optimistic; believes the technology’s real-world problem-solving will be increasingly hard to ignore for policymakers.

Jeremy’s follow-up

  • Reiterated that “any decision is better than no decision.” Regulatory frameworks—even if later modified—signal seriousness and invite large investors who require policy clarity.

Farrah’s global and institutional perspective (Dubai)

  • Prior chill toward US exposure: historically, many projects actively avoided US investors due to fear of SEC enforcement, despite US-rooted founders and VC leadership (e.g., Pantera, a16z, Paradigm). The new US clarity alleviates that.
  • Three-fold impact of US policy shifts:
    • Investor clarity: institutional investors gain confidence to allocate to crypto projects.
    • Builder confidence: founders can build on-chain with less fear of prosecution.
    • Institutional rails: traditional financial institutions can adopt blockchain as “the new financial rails of tomorrow.”
  • Sequencing: spot ETFs were the first step; now sees activity around NASDAQ/NYSE-style listings for “MicroStrategy-type products,” with stablecoin recognition as pivotal.
  • Stablecoins as digital dollars: if USD stablecoins are formally accepted as dollars, global commerce that relies on the USD will, by extension, increasingly accept stablecoins—accelerating migration onto crypto rails. Views these US legislative updates as a potential turning point for the entire industry.

Foxy’s EU/CIS observations

  • Immediate reflections: after the US moves (Genius Act and stablecoin clarity), Foxy observed rapid follow-on activity—PayPal’s broadened crypto voucher payments, EU developments like Robinhood’s RWA/share-token offerings, and CIS governments actively debating crypto regulations. Impression: many stakeholders were prepared and waiting for a US green light.

Bitcoin, altcoins, and “maxi” philosophies

  • Jeremy (BTC maxi): after cycles exploring altcoins (2012/2017 era), he concluded Bitcoin is the only crypto asset with enduring, intrinsic value as a store of value—likely to persist for 10–20 years. He views the “decentralized computer” race among alt-layer ecosystems as still undecided.
  • Chunky (self-aware “Cardano maxi” joke): candidly reflected that, given recent institutional adoption and regulatory trends, BTC’s returns have outpaced many altcoin bags; emphasizes staying open to learning regardless of time in the space.
  • Farrah (not a BTC maxi): acknowledges the prevalence of scams and understands why many default to BTC-only. Still argues the tech is in its infancy; multiple public chains could become foundational to tomorrow’s financial system. Uncertain which tokens will win, but expects BTC—and with even more certainty, ETH—to remain long-term core assets in portfolios.

Mining and GoMining snapshot (Jeremy)

  • Business model: GoMining tokenizes hashrate via “digital miners” purchased in its app, giving users rights to specific hashrate in global data centers and corresponding BTC rewards.
  • Token ecosystem: GoMining token enables miner upgrades, peer marketplace trading, staking for extra rewards, and governance.
  • Metrics cited: ~4 million registered users; platform payouts of “over four and a half thousand BTC” and “over 500 million bitcoin” (speaker’s wording; the latter figure likely intended as a fiat-denominated equivalent); and operational scale “over 9 exahash.” Jeremy ties regulatory momentum to bullish prospects for mining, especially in North America.

DeFi and stablecoins: near-term implications

  • Jeremy: expects stablecoin-enabled clarity to expand DeFi participation and product design by an order of magnitude; short-term effect is strengthening USD demand on-chain; sees a pipeline of institutional Bitcoin products (reserves, mining) accelerating.
  • Farrah: equates formal recognition of stablecoins as dollars with global acceptance due to USD’s role in trade and finance; positions cross-chain data/liquidity infrastructure (e.g., Cross Curve) as essential plumbing for multi-chain adoption; reports ~$4B processed volume to date and backing by Curve Finance and major VCs.

Areas of consensus and tension

  • Broad agreement
    • Regulatory clarity (even if imperfect) is a net positive and catalyzes institutional engagement.
    • Spot Bitcoin ETFs were a key catalyst for mainstream and institutional adoption.
    • US policy strongly influences global trajectories (EU/CIS activity, corporate moves like PayPal and Robinhood).
  • Divergences
    • Trust in US policymaking durability: Jeremy is pragmatically optimistic; Chunky remains wary of political reversals and timeline slippage.
    • Asset thesis: Jeremy is strongly BTC-centric; Farrah argues for a multi-chain future; Chunky is reconsidering altcoin allocations in light of BTC’s relative performance and institutional embrace.

Key takeaways and watch items

  • Policy durability and timelines: monitor amendments and the path to full implementation (referenced around Jan 2027) for the “Genius Act” and stablecoin frameworks.
  • Strategic Bitcoin Reserve: follow implementation details and market impacts of the reported executive order.
  • Stablecoin recognition: track how “stablecoins as digital dollars” translates into bank, payment, and capital markets integration domestically and abroad.
  • Institutional products: watch growth in mining-linked financial products, corporate balance sheet strategies, and exchange-listed vehicles beyond spot ETFs.
  • Global reflections: EU/CIS regulatory steps; corporate adoption (e.g., PayPal’s 100+ crypto voucher payments); tokenized RWAs in mainstream brokerages (e.g., Robinhood’s share tokens).
  • Mining trajectory: policy tailwinds in North America and hashrate expansion; interplay between energy policy and mining growth.