Crypto execs flock to DC to support Senate stablecoin bill

By: bitcoin ethereum news|2025/05/15 20:30:07

Crypto founders headed to Washington, DC, to meet with lawmakers ahead of another expected vote on a stablecoin bill that initially failed in the Senate, according to Coinbase CEO Brian Armstrong. In a May 14 X post from the US Capitol rotunda, Armstrong said as many as “60 [crypto] founders” had gathered in DC to support the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, being considered in the Senate and a draft of the market structure bill moving through the House of Representatives. The Coinbase CEO said the Senate could consider another vote on the GENIUS Act “hopefully tomorrow” after it failed to get enough support from Democrats on May 8. “Like any good negotiation, there’s a lot of details to work out at the last minute, but we’ve been stressing the urgency of this,” said Armstrong. Many Democratic lawmakers have said they will not support any crypto-related legislation without a specific carve-out for US President Donald Trump profiting from his digital asset ventures, such as his TRUMP memecoin and his family-backed company World Liberty Financial. A Democratic staffer told Cointelegraph that there had been no indication that Republicans intended to address these concerns, while a person familiar with the matter said doing so would be unconstitutional. The Senate resumed consideration of the motion to proceed to consideration of the GENIUS Act on May 12, suggesting another vote in a matter of days. Cointelegraph reached out to Coinbase for comment but had not received a response at the time of publication. Related: What are the next steps for the US stablecoin bill? Is bipartisan support for crypto possible under a Trump presidency? Republicans currently hold a slim majority in the Senate and House and will likely require Democratic support for the stablecoin and market structure bills to pass. Before the 2024 election, some Democrats voted with Republicans for crypto legislation offering clarity on regulations. Should the GENIUS bill’s sponsor and co-sponsors try to move forward with a vote without any changes, it’s unclear whether they would have enough support to clear a 60-vote majority and avoid a filibuster, which could delay or block the bill. “Despite the politics around the TRUMP memecoin and crypto investments — that has definitely made our work more complicated — I still argue that behind the scenes, you’ve got constructive members in both sides of the Capitol and in both political parties working to find consensus,” said Representative French Hill at the Consensus conference in Toronto on May 14. Magazine: Unstablecoins: Depegging, bank runs and other risks loom Source: https://cointelegraph.com/news/crypto-companies-congress-crypto-bill?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins