Chain Reaction - 26th May 2025

GENIUS Act, Crypto Tax Court Case and Events this week

May 25, 2025

A Note from the Editor

Greetings, Chain Reaction readers! This week in the world of blockchain and crypto has been nothing short of electrifying. From potential tax breaks on your crypto profits to groundbreaking legislation in the U.S., innovation is definitely in the air. As the great Albert Einstein once said, “Innovation is not the product of logical thought, although the result is tied to logical structure.” Let’s dive into the latest and greatest happenings in our industry!

Just before that, if you’re around this week, we have a great online event with greats from Chainalysis, BLOCKv, Blubird and Fableration joining us on stage. Sign up for this on Wednesday 28th May from 6pm (Sydney time) onwards - https://lu.ma/bbeiers6

Court Case Could Make Crypto Profits Tax-Free?

Hold on to your wallets! A recent court case could change the game for crypto investors by potentially making your Bitcoin profits tax-free. It’s not all as straightforward as it sounds, though. Here’s a deeper look at the nuances shared by Harry Dell and Binance. For more insights, check out this article from the AFR: https://www.afr.com/wealth/personal-finance/this-court-case-could-make-your-bitcoin-profits-tax-free-20250430-p5lvft

For those who prefer a visual breakdown, there’s also a discussion on YouTube here:

GENIUS Stablecoin Act getting closer to passing in the U.S.

In a move that paves the way for more crypto adoption, the GENIUS Stablecoin Act has edged closer to being officially passed in the U.S. This could be monumental for the stability and growth of cryptocurrencies. For more details, check out the post here:

https://www.chainalysis.com/blog/senate-advances-genius-stablecoin-act/

Deep Dive on Bitcoin Price Action

Jamie Coutts of Real Vision has provided a fantastic deep dive into Bitcoin price action that deserves your attention. If you’re looking to understand where the market might be headed, this is a must-watch: https://www.linkedin.com/pulse/bullish-trinity-jamie-coutts-cmt-cfte-ltksc

Tokenisation Insights with Redbelly Insights

I had the pleasure of recording another episode of Redbelly Insights featuring a tokenization platform called Raze and their client, Ferrox. If you’re curious about tokenised commodities and the benefits of tokenization in general, you’ll find some invaluable insights here: https://x.com/TheRealAnderson/status/1925358334783168748 and also on YouTube:

New Book Alert: Law of Code

Exciting news from our friends Michael Bacina and Steven Pettigrove! Their new book, Law of Code, is now available. If you're interested in the intersection of technology and law, check it out here: https://www.linkedin.com/posts/mikebacina_im-super-pumped-that-steven-pettigrove-and-activity-7331361347802226689-2r3b?utm_source=share&utm_medium=member_android&rcm=ACoAAAV7RT0Bf0fJj7zr6JDyM7Fh2-KhNgJf4dk

Competition Alert from Fableration

Don’t forget! Our sponsor Fableration is running a major competition. Keep an eye out for details – you won’t want to miss out on this opportunity! https://go.fableration.com/writer-entry-b

Kraken's New xStocks Product

Kraken is making waves with its new xStocks product, which allows investors outside the U.S. to trade tokenized stocks 24/7 on crypto exchanges. This could change the way we think about stock trading! More information can be found here: https://www.linkedin.com/feed/update/urn:li:activity:7331334334349516800/

Bitcoin Pizza Day Celebrations

Bitcoin Pizza Day was celebrated nationwide last week! Check out some highlights from Upside’s event in Melbourne, featuring other industry leaders like Independent Reserve and Fableration: https://www.linkedin.com/posts/upside-dao_btc-ath-on-bitcoin-pizza-day-nailed-it-ugcPost-7331515370991747073-KhYf?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAV7RT0Bf0fJj7zr6JDyM7Fh2-KhNgJf4dk

Client Gathering by Independent Reserve

Independent Reserve hosted a fantastic client gathering in Brisbane last week. It was a great opportunity for networking and sharing insights. Check out the event recap here: https://www.linkedin.com/posts/timtyndale_had-a-blast-hosting-independent-reserve-and-ugcPost-7331504381088935936-8DHn?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAV7RT0Bf0fJj7zr6JDyM7Fh2-KhNgJf4dk

New Blockchain Podcast Incoming

Thanks to FEX Global, a new blockchain podcast is on the horizon! For those who didn’t know, we recently kicked off our first couple of events there. Stay tuned for more updates: https://www.linkedin.com/posts/activity-7331531354649632769-Uzys?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAV7RT0Bf0fJj7zr6JDyM7Fh2-KhNgJf4dk

That’s all for this week! Stay innovative, stay curious, and as always, keep your chains unbroken!

See you next week!

Mark

About Aus DeFi Association

The Australian DeFi Association (Aus DeFi) is a non-profit community organisation dedicated to increasing education and awareness of blockchain technology, specifically decentralised finance (DeFi) and web3-based projects. Their goal is to empower the Australian community with the knowledge and tools to participate in the decentralised economy, and to promote the adoption and growth of blockchain technology in Australia. They strive to provide a more grassroots approach to promoting blockchain technology compared to other industry-focused organisations in Australia, and to provide a platform for community members to learn about and engage with this emerging technology.

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