This week, Ryan and David break down the political storm brewing around crypto. From JD Vance’s fiery speech at Bitcoin 2025 to the Trump meme coin dinner that triggered bipartisan backlash. They dive into Ethereum’s biggest capital inflow yet, as a public company raises $425 million to buy and stake ETH, drawing comparisons to MicroStrategy. They also cover the court ruling that halted Trump-era tariffs, the Circle IPO finally moving forward, and early signs of a “Stablecoin Summer” as banks eye their own dollar-backed coins. Plus, the growing risks of copycat crypto acquisition vehicles, and why some say the next GBTC-style blowup could already be forming. ------ 📣 RE | REAL-WORLD (RE)STAKING https://bankless.cc/Re ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐CELO | PROVE YOUR SELF https://bankless.cc/Self 🟠HEMI | BTC & ETH, ONE NETWORK https://bankless.cc/hemi ------ TIMESTAMPS & RESOURCES 0:00 Intro 0:37 JD Vance Bitcoin Conference 2025 https://x.com/cointelegraph/status/1927766577845305579 2:59 Crypto Prices 5:13 US court blocks most Trump tariffs, says president exceeded his authority https://ca.finance.yahoo.com/news/us-court-blocks-trumps-liberation-231041016.html https://truthsocial.com/@realDonaldTrump/posts/114588777076099501 12:29 The microstrategy of ETH! https://cointelegraph.com/news/sharplink-ethereum-treasury-joseph-lubin-board-chair https://x.com/econoar/status/1927380671334404511 https://x.com/RyanSAdams/status/1927344185595633687 https://x.com/hanni_abu/status/1927408350527922585 18:39 Gamestop & Trump Media Buying Bitcoin & SolSolStrategy https://x.com/WatcherGuru/status/1927680683847119289 https://x.com/KobeissiLetter/status/1927352308859330651 https://x.com/SolanaFloor/status/1927408166922293535 https://x.com/mikeippolito_/status/1927450775870931015 25:26 Trump Dinner https://x.com/BillSun_AI/status/1925728406974443607/video/1 https://x.com/Mollyploofkins/status/1926098775233241537 https://x.com/justinsuntron/status/192576411185 9597602 https://x.com/USHouseFSC/status/1925625286818689066 https://www.nbcnews.com/politics/congress/senate-republicans-raise-red-flags-trumps-private-dinner-meme-coin-hol-rcna204293 https://www.bloomberg.com/news/articles/2025-05-22/protesters-yell-shame-at-guests-of-trump-s-memecoin-dinner https://www.youtube.com/watch?v=JNJD-vKtrPc 36:22 The Annual Bitcoin (Stablecoin) Conference Week https://x.com/UnderCoercion/status/1927885141059260768 https://x.com/TheBitcoinConf/status/1927914310212407481 https://x.com/BitcoinMagazine/status/1926324131923976224 https://x.com/Cointelegraph/status/1927763954178150848 https://x.com/TPostMillennial/status/1927767083217039818 https://x.com/pete_rizzo_/status/1927509752931635256 https://x.com/BitcoinMagazine/status/1927479261780127747 https://x.com/DogCandles/status/1927879603055415557 44:08 Echo announced Sonar https://x.com/echodotxyz/status/1927422067801997336 46:18 Circle filed for an IPO on the NYSE https://x.com/CoinDesk/status/1927326167033356458 48:37 Some of the biggest US banks are about to launch joined stablecoin https://www.wsj.com/finance/banking/crypto-stablecoin-big-banks-a841059e https://x.com/CryptoHayes/status/1925739441634652654 https://x.com/SecScottBessent/status/1925967578540781743 51:55 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures