๐ฅ BREAKING: CME Group launches 24/7 crypto trading today.
Starting May 29 at 4:00 p.m. CT, institutions can trade BTC, ETH, SOL, XRP, ADA, LINK, XLM, AVAX, and SUI futures around the clock.
๐บ๐ธ LATEST: The Senate Banking Committee is set to notice a markup for the Clarity Act as early as tomorrow, with a potential Thursday vote, Eleanor Terrett reports.
๐บ๐ธ TODAY: SEC Chair Paul Atkins says the crypto safe harbor proposal has advanced to White House review, with a formal rule expected shortly.
The proposal includes a "startup exemption" allowing crypto projects to raise capital without immediate registration requirements.
๐บ๐ธ JUST IN: The US Fed, OCC, and FDIC jointly clarify that tokenized securities should receive the same capital treatment as traditional securities.
The ruling applies regardless of whether they're issued on permissioned or permissionless blockchains.
BREAKING: ๐บ๐ธ The US just quietly gave banks the green light to hold tokenized securities and this is a BIG.
The Fed, OCC and FDIC just released a joint statement. Three of America's most powerful financial regulators speaking with one voice.
The message was simple.
Tokenized securities get the same capital treatment as traditional securities. Same rules. Same collateral recognition. Same risk weighting. Blockchain or no blockchain makes no difference.
This is bigger than most people realize.
Banks were previously sitting on the sidelines waiting for regulatory clarity on crypto assets. That excuse just disappeared.
A tokenized Treasury bond is now treated exactly like a regular Treasury bond on a bank's balance sheet.
A tokenized stock is treated exactly like a regular stock. Permissioned blockchain or public blockchain. Doesn't matter. Same treatment.
What this means in plain English.
Every major US bank can now hold, trade and use tokenized assets as collateral without any regulatory penalty.
Trillions of dollars in traditional assets are about to find a new home on blockchain.
The Wall Street just got permission to move into Crypto on a much bigger scale.
๐ฅBULLISH: Tennessee's Strategic Bitcoin Reserve Act is recommended for passage and referred to the Finance, Ways, and Means Committee.
If passed, the bill allows the state treasurer to allocate up to 10% of public funds into Bitcoin.
The U.S. stands as the Crypto Capital of the World with transparency & innovation leading the way. ๐บ๐ธ
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As Congress works to pass the CLARITY Act, @ChairmanSelig & I will provide a bridge toward this landmark legislation, ensuring clarity & certainty for innovators & investors.