Andy on SOL 價格ANDY

@andy8052 Aka I had 50% of the supply and burned it

Crypto investors: Cryptocurrency funds generally face fundraising difficulties According to Andy, an investor at The Rollup Ventures, affected by Trump's tariff policy, cryptocurrency funds are generally facing fundraising difficulties, except for a few institutions such as Maven11 and Archetype. The best investment opportunities are currently concentrated in the $5-10 million valuation range, which is a significant reduction from before. At the same time, institutional investors are more inclined to allocate public market assets due to liquidity considerations. Andy expects that project teams that can survive the current downturn will have development opportunities when large funds (US$25 million level investment) enter the market in the future.

The United States Senate is set to start voting on a crypto bill tomorrow as it needs bipartisan backing to advance. The GENIUS Act, led by Senator Bill Hagerty, would require all stablecoins to be backed by U.S. dollars and also short-term Treasuries. Cloture was filed by Senate Majority Leader John Thune on Tuesday evening, allowing the bill to advance toward a procedural stage requiring the backing of the Senate. The U.S. Senate is set to begin voting on the stablecoin bill on Thursday amid increasing divisions within the GOP and resistance from Democrats. The crypto bill would need all stablecoins to be fully backed by short-term Treasuries and the U.S. dollar. The crypto bill, backed by Senator Bill Hagerty, would need stablecoins to be fully backed by short-term Treasuries and the U.S. dollar. On Tuesday evening, John Thune, Senate Majority Leader, filed cloture on the bill, advancing it for a procedural voting process requiring bipartisan support. Republican supporters of the crypto bill were allegedly seeking to address issues within their party while also attempting to get support from some influential Democrats. Some of the Democratic Senators publicly opposed the recent version of the crypto bill on Saturday. The crypto bill would need 60 votes to advance, meaning it will take the 53 Republicans and a group of Democrats to move the bill forward. Nine Democrats, including Ruben Gallego, Mark Warner, Raphael Warnock, Catherine Cortez Masto, and Andy Kim, have agreed to sign opposition to the current version of the stablecoin bill. The opposing Democrat Senators called for stricter regulations on foreign stablecoin issuers. The nine senators also called for improved anti-money laundering regulations. Senator Richard Blumenthal also sent an inquiry to a firm linked to U.S. President Donald Trump, named World Liberty Financial . The senator sent the inquiry in a bid to investigate conflicts of interest. Senator Kevin Cramer said it sounded like they were getting close to regaining the momentum. Senator Cynthia Lummis, a top crypto advocate who has co-sponsored the bill, revealed Republicans would be meeting with influential Democratic holdouts soon. The Wyoming Republican had a meeting with Senate Minority Leader Chuck Schumer, who directed Democrats not to commit to backing the stablecoin bill to force changes. Lummis said Schumer wanted to get something done and that they would continue to work on it. A number of Republicans have also shared their concerns regarding the latest version of the stablecoin act. Sen. Rand Paul, a Republican, said he was not going to back the bill, claiming that the regulation was unnecessary and could end up harming the crypto industry after some years. Senator Josh Hawley, yet another Republican, said he was not a big fan of big firms offering their own stablecoin, which would be established under the new bill. Opponents of the stablecoin bill have argued that the bill would enable giant tech and commercial companies to venture into financial services. John Kennedy, a Republican Senator, voted for the act when it passed the Senate Banking Committee a month ago. Kennedy recently said he would not commit to backing the bill on the floor until he saw what the final text looked like. He said the bill had changed a lot, and they were still making deals all over and in almost half of Georgia. The senator declared that he would not back it until he understood what those deals were and how the crypto bill had changed. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Morgan Stanley Insider Trading Alert 🚨 Co-President Andy Saperstein just sold $4.8 million worth of $MS shares

Pro-crypto Democrats withdraw support for the GENIUS Act, putting U.S. stablecoin regulation at risk amid concerns over AML and national security. Regulatory uncertainty delays stablecoin legislation, impacting market sentiment as Bitcoin trades under pressure around $94.5K. A major U.S. stablecoin bill that was once considered a key step toward crypto regulation is now on shaky ground. In a surprising twist, several pro-crypto Senate Democrats who previously backed the legislation have withdrawn their support—putting the bill’s future in serious jeopardy. According to a previous coverage by Crypto News Flash (CNF), on the Framework Ventures critics of U.S. stablecoin regulations, it was explained that the GENIUS Act may restrict foreign stablecoin issuers, weakening dollar dominance and driving financial innovation outside the U.S. The legislation, formally called the GENIUS Act and introduced by Senator Bill Hagerty, aimed to create the first comprehensive U.S. regulatory framework for stablecoins. However, as referenced from a recent tweet , it explained why the Senate’s crypto bill is in turmoil: The path forward for landmark stablecoin legislation is in jeopardy after 9 key Dems said they wouldn’t support revisions that GOP lawmakers unveiled last week. Nonetheless, nine Democrats, including prominent names like Mark Warner, Andy Kim, and Ruben Gallego, said in a May 3 statement that the bill “still has numerous issues” and warned they would not back a procedural vote unless significant changes are made. According to most media, the senators cited concerns around anti-money laundering safeguards, national security risks, and accountability for foreign or noncompliant stablecoin issuers. While some revisions were made to the bill after it passed the Senate Banking Committee in March, the lawmakers say those changes fell short. In addition, their about-face is particularly significant because many of them had supported the bill during earlier negotiations. This reversal highlights growing unease even among crypto-friendly Democrats, who now appear more cautious about moving forward without stricter protections. According to recent market reports, while the lawmakers have signaled they’re still willing to work together, any delay could push stablecoin regulation further down the legislative calendar—potentially into 2026. Reiterating a previous CNF report highlighting that a $1.25B stablecoin injection was known to have fueled the next BTC pump. However, the uncertainty is echoing in the broader crypto market. At the time of writing, Bitcoin (BTC) is trading at $94,594.49, down by 1.14% in the past 24 hours and 0.21% in the past week. See BTC price chart below.