On July 18, 2025, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law. This landmark legislation establishes the first comprehensive federal framework for dollar‑pegged stablecoins. It requires issuers to back tokens one-to-one with liquid assets like U.S. dollars or short-term Treasury bills, mandates monthly public disclosures of reserves, and sets federal oversight with OCC bank licensing and CFTC involvement.

Supporters view it as a major step toward mainstream acceptance—potentially boosting stablecoin use for payments and increasing demand for U.S. Treasuries. Even the GOP-backed Clarity Act and Anti-CBDC Surveillance State Act passed alongside, aiming to clarify crypto rules and block U.S. central bank digital currency efforts. Collectively, these bills signal a period of serious crypto regulation.

What Happened Next: Market & Industry Response

• Crypto Assets Rally: Ether climbed 53% in July, and Bitcoin hovered near all-time highs after the law’s. Crypto-linked stocks like Coinbase and Circle responded positively.
• Stablecoin Issuers Expand Reach: Major firms like Circle and Ripple are preparing for bank licenses under the new oversight model to manage custody and transactions directly.
• Treasury Bill Demand Rises: Projections suggest issuers may significantly increase purchases of T-bills, puts upward pressure on government debt demand.
• Market Watchers Warn: Asset managers like Amundi caution that this could disrupt traditional payment flows and global financial stability.

Why It Matters

Stablecoins aim to combine crypto innovation with the reliability of the U.S. dollar and Treasuries. The GENIUS Act addresses past concerns by enforcing reserve backing, public audits, and federal licensing. For businesses and institutions, this framework may pave the way for digital dollars in everyday payments, with improved security and regulatory clarity.

Strategic Insights for Investors

• Institutional Adoption: Expect more banks (like JPMorgan) and fintech companies to pilot digital dollar adoption, changing treasury and transaction models.
• Evolving Risk Landscape: Though regulators aim to tame crypto risk, oversight gaps remain—especially regarding money laundering and big-tech influence.
• Portfolio Implications: With growing use of stablecoins tied to Treasuries, investors may want to monitor T-bill demand and evaluate low-risk exposure, including crypto-linked stocks or ETFs.

Your Next Steps

We’re following the GENIUS Act along with stablecoin, Treasury and crypto market trends closely. If you’re exploring exposure through digital assets, fintech ventures, or Treasury bond strategies—let’s discuss what this evolving landscape means.

Please note: BCA Private Wealth does not provide specific investment advice regarding cryptocurrency. The information above is for educational purposes only and should not be considered a recommendation to buy or sell any digital asset.

 Golf Tip of the Week

Improve Your Swing Connection with the “Head-Cover Drill”

During the 153rd Open at Royal Portrush, Danish golfer Jacob Skov Olesen impressed with one simple but highly effective drill to improve swing connection—and it’s easily adapted to your practice routine:

1. Tuck a head cover under your lead (front) armpit at address—this forces your arm and torso to stay connected.
2. Swing smoothly, maintaining pressure on the head cover through backswing and downswing.
3. Let it fall at the finish—if it stays under motion, you’re losing rotation or shifting early.

This drill encourages a unified shoulder-arm motion, reducing “disconnection” and helping improve consistency in your ball striking. Bonus: It works well with any club, and you can substitute a towel or glove if you don’t have a head cover handy.

Golf Tip adapted from Golf Monthly. Read the full article here: Early Leader Jacob Skov Olesen Used This Drill On The Range At Royal Portrush… It Could Transform Your Ball Striking

Recipe Tip of the Week

Classic Lasagna for National Lasagna Day

Celebrate National Lasagna Day (July 29) with this classic Italian-style lasagna from Food Network’s Giada De Laurentiis—complete with layers of béchamel, seasoned meat, and cheese.

Ingredients (6 servings):

• 5 tbsp unsalted butter (plus 2 tbsp for topping)
• ½ cup flour
• 4 cups milk (room temp)
• Pinch of nutmeg
• 1½ lb ground beef
• 1 lb lasagna noodles (cooked al dente)
• 1½ lb ricotta
• 3 eggs
• 3 cups mozzarella, shredded
• ¼ cup Parmesan
• 2 packages frozen chopped spinach (thawed, drained)
• Simple tomato sauce: onion, garlic, celery, carrot, olive oil, crushed tomatoes, bay leaves, butter

Directions:

1. Make béchamel: Melt butter, stir in flour, gradually whisk in milk until thickened, then season with nutmeg and add tomato sauce.
2. Brown meat in oil and let cool.
3. Mix cheese layer: Combine ricotta, eggs, salt and pepper.
4. Layer in 13×9 pan: béchamel → noodles → ricotta → spinach → meat → mozzarella → repeat, finishing with sauce, mozzarella, Parmesan and butter cubes on top.
5. Bake 30 mins at 375°F, then 15 mins until bubbly. Rest 10 mins before serving.

Recipe Tip adapted from Food Network. Read the full article here: Classic Italian Lasagna

Travel Tip of the Week

Why Cruises Are the Ultimate Hassle-Free Way to Explore the World

If you’re looking for a relaxing and convenient way to visit multiple destinations without the usual travel stress, a cruise might be your ideal choice. Cruises offer an all-in-one experience—accommodations, meals, activities, and transportation—while letting you explore new places without ever having to repack your suitcase.

Why Cruises Make Travel Easy and Enjoyable:

• Unpack once, explore many places. Your cruise ship becomes your home base as you visit multiple cities or countries without the need to change hotels or coordinate new travel plans.
• Comfort and care on board. Most cruise lines provide accessible staterooms, onboard medical staff, and a variety of dining options to accommodate different needs and preferences.
• Plenty to do—on and off the ship. Whether you’re into live entertainment, cooking classes, spa treatments, or guided cultural excursions, there’s something for everyone.
• Streamlined planning. Booking a cruise takes the guesswork out of travel. It’s a great way to experience new destinations with minimal logistical effort.

Helpful Planning Tips:

• Choose a cruise line that matches your travel style—whether you’re after luxury, adventure, or relaxation.
• Book early for the best stateroom options and to take advantage of early bird pricing.
• Travel insurance is a smart add-on to protect your plans and health coverage.
• Consider off-season cruises for fewer crowds and better deals.

Cruising allows you to experience the world in a comfortable, enriching, and low-stress way. It’s a perfect balance of adventure and ease.

Travel Tip adapted from SFGATE. Read the full article here: Cruises offer stress-free ways to see the world

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Disclosure:

BCA Private Wealth is a registered investment adviser. The advisory services of BCA Private Wealth are not made available in any jurisdiction in which BCA Private Wealth is not registered or is otherwise exempt from registration.

Please review BCA Private Wealth Disclosure Brochure for a complete explanation of fees. Investing involves risks. Investments are not guaranteed and may lose value.

This material is prepared by BCA Private Wealth for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation or any particular security, strategy, or investment product.

No representation is being made that any account will or is likely to achieve future profits or losses similar to those shown. You should not assume that investment decisions we make in the future will be profitable or equal the investment performance of the past. Past performance does not indicate future results.