POTUS Acknowledges Fed Blocking Legal Institutions From Payment System
THANK YOU, @POTUS, for recognizing that there is a continuing problem at the @federalreserve with blocking legally-eligible institutions from access to the US payment system, which is a public good. https://t.co/aopXkpkHkU
Manmohan Singh Explains the Power of Collateral Velocity
Always a must-read from Manmohan Singh on collateral velocity: https://lnkd.in/eVh6wjZm
Wyoming SPDI Charter Shields Stablecoin Customers From Bankruptcy
VERY IMPORTANT point, Matthew Bisanz . But #stablecoin issuers that are #Wyoming special-purpose depository institutions would not be resolved under the Bankruptcy Code, as would PPSI subsidiaries of an insured depository institution. That's a key advantage of the Wyoming #SPDI...
Comptroller Defends Dual Banking, Praises Wyoming’s Crypto Rules
🚨🚨🚨--@USComptroller just gave one of the most significant speeches about US bank regulation in recent years, partly bc @ProfJulieHill asked probing questions. https://t.co/DNe7wwFSaA ✅-he strongly defended the dual banking system; working to end the federal "bigfooting" of states' bank chartering decisions,...
Banks Still Lag Behind on Tokenization Readiness
Yep, this survey pretty much comports with our experience with how the banking industry views its readiness for tokenization: https://t.co/Rtd28tJIrS
Exciting News Ahead: Stay Tuned for Updates
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Government Pressure Drives Most Debanking Cases
"I found that the majority of #debanking cases stem from governmental pressure." @EconWithNick Yep. That's how it works
Self‑custody Is Essential: No Keys, No Coins
"That is why Bitcoin OGs have long said, "Not your keys, not your coins," "don't trust, verify", and even "trusted third parties are security holes." --@NickSzabo4
Banks to Embed Wallets Directly in Online Banking
🎯+ wait until you see what @Vantage_Bank & @custodiabank are delivering to a consortium of banks that abstracts away the complexity of wallets *INSIDE* the banking system, accessible from your online banking page. I gave an interview to @BankDirector on...
ETFs Reveal TradFi Faults, Spark Bitcoin Financialization Debate
DOUBLE-EDGED SWORD of #ETFs + #WallSt manipulation of myriad fault-tolerances built into #tradfi--this👇is an example of what I've long discussed. It's also why @TraceMayer & I had big debates about whether his 6th network effect for #Bitcoin--financialization--was a good thing.
The Rise of Debanking: What It Means
👀 #debanking https://lnkd.in/eQ2CiKQf
Incumbent Banks Weaponize Regulation to Block Fintech Rivals
“Incumbents in the financial industry do use regulation to try to keep competitors out.” —@HesterPeirce at #ETHDenver @BlockchainAssn policy lunch YESSSSSSSSSSS https://t.co/solCqLuqDC
Privacy Must Be Default for Financial Transactions
“Privacy should be the default expectation” for financial transactions. —@HesterPeirce at #EthDenver @BlockchainAssn policy lunch https://t.co/HKdQpnmoPA
Wyoming’s Volunteer‑Driven Crypto Wins Now Face Capture
FLASHBACK to 8 years ago, when a group of ~30 volunteers who cared about economic diversification in #Wyoming + defining a property-rights based legal & regulatory regime for #crypto within the US got 5 blockchain-friendly bills passed in the 2018...
Businesses Turn to Stablecoins for Domestic Payments
“There’s going to be a lot of domestic payment activity as well,” said Shawn Main , who is EVP and chief business architect officer at Vantage Bank . “Anecdotally, I’ve talked to plenty of customers who are already doing this....