Good morning everybody. It’s your Daily Crypto News. My name is Matt. It’s September 11th—a day of remembrance in the U.S. (wild to think a whole generation is now ~25 and only knows it from history class). We’ve got a packed show: a couple quick rants up top, a fat stack of policy and market stories, and a bunch of listener questions. Let’s go!
Quick radar: AI voice-cloned call centers are here
While scheduling my move and dealing with insurance, I realized both reps were offshore (India and the Philippines) but sounded like they were from Northeast Ohio and Alabama. That wasn’t talent—it was AI voice accent conversion. One interaction even “glitched,” making me wonder if one “agent” was a fully synthetic voice. Point being: expect more uncanny-valley calls. If you notice it, drop me a note on Spotify.
Senate crypto bill: GOP not aligned, timeline slips
Sen. John Kennedy (R-LA) says the Senate Banking Committee isn’t ready to move Chair Tim Scott’s market-structure bill by the Sept 30 target. Kennedy called July’s Genius Act a “baby step,” and Scott’s new proposal a “full leap.” Translation: too many unanswered questions for a fast track.
What’s in the bill (high level):
Defines “digital assets,” splits oversight between SEC and CFTC
Sets rules on custody, fraud prevention, consumer protections
Creates limited exemptions for ancillary assets in offerings
Read-between-lines: Republicans hold 53 seats, but Kennedy’s pushback shows GOP unity isn’t guaranteed. Banks and large incumbents are still signaling compliance and tech readiness gaps. The House already passed its Clarity Act(similar goals), though DeFi folks aren’t thrilled with parts of it.
Winklevoss vs. Trump’s CFTC pick
Brian Quintenz (Trump’s nominee to lead the CFTC) posted screenshots of Tyler Winklevoss messages from late July—days after Gemini settled with the CFTC for $5M. The twins accused the agency of “seven years of lawfare and trophy hunting,” pressing Quintenz on whether he’d align with the White House’s mandate to end it. They reportedly even asked Trump to reconsider the nomination.
Bottom line: Even with a crypto-friendly White House, old scars from SEC/CFTC enforcement haven’t healed. Expect more intramural skirmishes as personnel gets finalized.
MicroStrategy: another shareholder suit tossed
A shareholder (Zhen Qiu Chen) alleged breach of fiduciary duty, unjust enrichment, abuse of control, and mismanagement tied to accounting and profitability claims. Dismissed. This follows similar class actions tossed in May.
Context: MicroStrategy (now “Strategy”) is the largest corporate BTC holder: 638,460 BTC (~$72.5B). Saylor’s pivot (2020–2022 era) turned a $14 stock into $362—a ~2,100% move. I still get why some holders balked—this was a software company that effectively became a Bitcoin treasury. But courts (so far) aren’t biting on the shareholder claims.
SEC punts (again) on ETFs—big wave still likely
SEC delayed:
BlackRock iShares Ethereum Trust staking decision (to Oct 30)
Franklin Templeton Solana & XRP ETFs (Nov 14)
And it previously pushed decisions on:
Grayscale Hedera Trust
21Shares Core ETH ETF staking
Trump Media–adjacent BTC/ETH ETFs
Multiple spot products for XRP / DOGE / LTC / SOL
By late August the SEC was juggling ~90 crypto ETF applications. Analysts think the agency is waiting on Cboe/NYSE “generic listing standards” so these can list more automatically. Expect early October to resolve mechanics—and then a flood of approvals. Street odds now put Solana/XRP ETFs at >95% this year, with ETH staking also “high odds.”
Latin America: builders pick Ethereum & Polygon
A Sherlock Communications survey of 85 devs (Bolivia, Mexico, Brazil, Peru) says builders want transparency, compliance, intuitive tooling, reliable docs—which is why they’re choosing Ethereum and Polygon instead of launching yet another L1.
On-chain backs it up (Jun ’24 → Jun ’25):
Ethereum: >75% of tagged wallet txns
Polygon: ~11% → ~20%
Young teams are leaning into RWAs, supply-chain traceability, DePIN, and creator economy apps—on stable ecosystems that solve practical problems.
Listener mailbag
Mikey: “That guest sounded like an advert.”
No paid placements, no undisclosed promos. We get tons of PR pitches. If someone’s interesting but I can’t schedule a live slot, I accept a 2-minute clip + bio/links. If and when we do ads, I’ll label them.
Lemonhead to Kyle: Banks’ branded stables are doomed; OGs (USDT/USDC) win.
My take: USDC is compliant under the Genius Act today; USDT isn’t (yet). Don’t sleep on a Chase-grade stablecoin living inside their own rails (Zelle/treasury/payables). We’re entering a world of privately branded money. The dystopian risk: “coupon-coins” that lock you into closed ecosystems with perks/penalties. I don’t love that future; weirdly, it makes the CBDC debate look… less bad?
Swedes, help: A listener says the Girl with the Dragon Tattoo sequel botched Bitcoin details. Was it bad Swedish-to-English translation, or just bad crypto writing? If you’ve read it in Swedish, tell us.
Beal: “Which ‘Circle stablecoin’ did you mean?”
Circle’s coin is USDC. I also mentioned USDH (Hyperliquid) having a vote on the 14th—different thing. If you’re chasing yield, know what you’re holding and where it earns.
Ton (re: Trader Cobb): Can we cap “the guy with the accent” to 30 seconds?
Cobb’s a Mondays-only segment. Polls say ~90% of you want him weekly. And yes, we all have accents—mine’s Great Lakes American.
Kaleb (Indy HVAC): Took BTC/ETH for geothermal/minisplits; even did a mini-split for a backyard mining rig paid in mined BTC. Chef’s kiss. That’s what grassroots adoption looks like.
Free speech & political violence (non-crypto)
On the Charlie Kirk shooting: I don’t care if you love him or hate him—shooting people for their ideas is anti-free-speech, anti-liberal-democracy. Our “left vs right” line is really a circle—go far enough on either side and you meet at authoritarianism/Facism. If you’re cheering this because you didn’t like his views, you’re cheering against the thing that makes this country different.
Chart note: MACD “golden cross”
BTC’s MACD flashed a golden cross on Sept 5. The last one (April) preceded a ~40% run to ATHs. Add improving macro (rate-cut chatter, gold rally) and it’s fuel for the bull case. One popular target getting tossed around: $160K. As always: indicators ≠ guarantees.
Prices
As of 10:00 a.m. ET — Fear & Greed: 47 (neutral, leaning fearful)
Bitcoin (BTC): $114,663 (+0.6% 24h, +3.8% 7d)
Ethereum (ETH): $4,440 (+0.5% 24h)
XRP: $3.00 (-0.3% 24h, +6.2% 7d)
BNB: $899 (-0.6% 24h, +6% 7d)
Solana (SOL): $227 (+1.75% 24h, +10% 7d)
Dogecoin (DOGE): $0.25 (+2% 24h)
Cardano (ADA): $0.878 (-1.7% 24h)
Hyperliquid (HYPE): $54.30 (-1.8% 24h, +19% 7d)
Litecoin (LTC): $115 (+0.85% 24h, +5% 7d)
Total crypto market cap: $3.96T (flat 24h)
BTC: $2.28T
ETH: $535.6B
That’s the show. Questions, takes, spicy rebuttals? Email matt@dailycryptonews.net or drop them on Spotify/Substack.
Until tomorrow—happy HODLing, everyone.
