🇺🇸 JUST IN: US administration officials are set to meet law enforcement groups at the White House this Wednesday.
This is part of ongoing efforts to address concerns that certain Clarity Act provisions could hinder efforts to combat illicit finance, per Eleanor Terrett.
Today we celebrate 14 years of the XRP Army 🫡
Through every storm and every major victory, we’ve been proud to stand by the community.
The best is yet to come 🎉
The “Anti-Crypto Army” was defeated…
by the courts…
by the voters.
And by Trump.
It never made policy, legal or political sense.
Combatting financial innovation only helped protect those that wanted to keep an old, often broken, system in place.
BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg.
Details include:
1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets
2. These tokenized assets would be tradeable on decentralized crypto platforms
3. The move could "reshape the landscape of the American stock market"
4. This would also be one of the US' biggest shifts into crypto infrastructure yet
Tokenized assets are rapidly expanding.
🚨GM! Big day for crypto on Capitol Hill. You can watch the markup live on @BankingGOP X account starting at 10:30 AM EST.
A small update since last night: The 5 pro-crypto Banking Committee Dems gathered this morning to figure out final direction on how to vote in today’s markup after negotiations with GOP colleagues fell through last night, according to three sources.
However, hearing it’s likely going to be a collective vote against, driven largely by disagreements over the BRCA after @CortezMasto pushed for changes following support from law enforcement groups this week for her amendments.
After everything we heard about ethics this week, it no longer appears to be the central sticking point. Instead, the focus seems to have shifted to whether Democrats believe the Grassley-Lummis backed BRCA compromise goes far enough to address law enforcement concerns.
As always, nothing is final until it happens, so we’ll see what the next few hours bring.
"China should open up," Treasury Secretary Scott Bessent told CNBC. "China's domestic economy has been weak ... China really needs to create a bigger consumer economy."