June Blockchain Wrap-Up: A Turning Point for Utility? This June brought a wave of important regulatory and market signals that could mark a real inflection point for blockchain's shift from speculation to utility. The U.S. Senate's passage of the GENIUS Act stands out, it positions stablecoins as a legitimate and valuable tool for the future of finance. While the House is still hashing out the details, we’re closer than ever to a clear framework for responsible innovation. As someone involved in blockchain infrastructure (including the BSV ecosystem and stablecoin projects like MNEE), I view this as validation that real-world use cases (like verifiable payments, transparency, and compliance) are finally being recognized by lawmakers and regulators. Interestingly, JPMorgan's introduction of a permissioned deposit token, and Circle’s rollercoaster IPO performance, show the tension between legacy finance and blockchain-native models. Circle’s success out of the gate, followed by a correction, underscores that the market is hungry for innovation but cautious about concentration risk. That’s a healthy sign. We’re moving toward a future where multiple digital asset models coexist, and utility, not just narrative, drives value. Some players still focus on treasury-based BTC accumulation, borrowing heavily to make big buys. While that may offer short-term share price boosts, I believe the long-term winners will be those building real-world solutions. That’s where I continue to invest my time and capital. Encouragingly, U.S. regulators now appear more open to enabling responsible decentralized finance (DeFi) innovation. The SEC’s recent roundtable discussion on an ‘innovation exemption’ for DeFi, coupled with House and Senate movement on pro-DeFi provisions, suggests a constructive path forward. One more promising development: the Federal Reserve’s shift away from “reputational risk” gating bank customers could open the door for more inclusive banking relationships, especially for sectors that have been unfairly marginalized. My takeaway: > If you’re building something useful, the winds are shifting in your favor. Let’s use this momentum to deliver real value, not just recycle hype. Looking forward to July. (Disclosure: I hold positions in several digital asset infrastructure companies and projects, including those in the BSV blockchain ecosystem and the MNEE stablecoin. Nothing in this post should be considered financial advice)