Scott Melker
2 min read
Superintelligent CEO warns of complication ahead for crypto regulation originally appeared on TheStreet.
Superintelligent founder and CEO Nathaniel Whittemore hailed the passage of the GENIUS Act, that deals with stablecoin regulation, in the Senate as “encouraging.”
Speaking to TheStreet Roundtable host Scott Melker, Whittemore said it has been remarkable for the legislation to secure a “bipartisan consensus,” given the kind of noise it generated toward the end.
However, Whittemore flagged one potential complication ahead for crypto regulation in the U.S. He said that he didn’t find the attempts by a lot of people, including Representative Warren Davidson (Rep.-R-OH-8), to combine the crypto market structure bill to the stablecoin bill, logical.
Melker agreed, calling it a “disaster” because the market structure bill is far more complicated than the stablecoin bill as it’s going to deal with a number of issues, such as how to distinguish between a security and a commodity, how crypto exchanges operate, etc.
“That's no way that gets done by August if they do that,” Melker added.
Whittemore agreed how the market structure bill is far broader in its scope. He gave the example of Congressman Tom Emmer (R-MN) introducing a bill to address the securities versus commodities designation and underlined how leaders have tried to introduce parts of the market structure bill as separate bills because tackling the broader bill is “such a big thorny issue.”
The two also discussed the promising performance of the Circle (NYSE: CRCL) stock around the time the GENIUS Act passed.
Circle is the company behind the USDC stablecoin that went public on June 5. Its stock surged past the $200 price mark following the GENIUS ACT passing the Senate. At press time, it was trading at $241.80.
Melker praised the company for capturing “this perfect moment in time” when there was a thirst among investors for stablecoins.
Whittemore concurred, saying all the market cared about was exposure to stablecoins. The more the Circle stock rises, the more institutions will get involved, he said and underlined that it consolidates Circle’s position as a legitimate and regulated stablecoin in the U.S.
Superintelligent CEO warns of complication ahead for crypto regulation first appeared on TheStreet on Jun 20, 2025
This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared.
