Kadmiel

The East Man

[Vet @Vet_X0]

That's why you should dgaf about SWIFT.

Banks and institutions will leapfrog and bypass legacy systems like SWIFT, just like Jeonbuk Bank in Korea 🇰🇷. A subsidiary of JB Financial is also actively testing a Korean Won (KWN) stablecoin.

Ripple Payments is also coming on chain to the XRP Ledger DEX. With Permissioned DEX and Domain for compliance.

By setting up trading venues like with EUROP and $RLUSD (i made a video on this!) or with Bitso who's issuing mexican peso. In this case, a KWN stablecoin issued on the XRPL seems very logical in the future and to support Ripple Payments.

[Senator Cynthia Lummis @SenLummis]

Some community banks are suggesting stablecoins are driving deposit flight. The data says otherwise: BofA shows household deposits rising across income groups this year, and the FDIC reports domestic deposits grew for a seventh straight quarter. Community banks actually outperformed the industry, posting 5% deposit growth.

If the worry is the Clarity Act compromise itself, that’s backwards. Section 404 bars stablecoin issuers from paying anything that functions like interest, even disguised as rewards or points, and bans marketing stablecoins as deposits or FDIC-insured. It’s actually tougher than current law, not looser.

The real story behind closing community banks isn’t stablecoins. It’s consolidation: 2,000 community banks lost in a decade, only 62 new ones formed, and the buyers are super regional banks, not crypto companies.

The Banking Committee already built a nine-provision community bank package into the housing bill to help with deposit retention, on top of tightening stablecoin yield rules under Clarity.

Killing the Clarity Act won’t help community banks. It just protects the status quo they say is broken.

[Brian Armstrong @brian_armstrong]

The Senate has had CLARITY for a year.
Since then, lawmakers have negotiated hundreds of pages of changes, reached agreement on SEC and CFTC nominations, and secured unprecedented ethics commitments. The crypto and banking industry have compromised as well.

That’s how legislation is supposed to work. No one gets everything. Everyone gets most of what they need.

At this point, the only thing left isn’t negotiation—it's whether some group will try to stall or block legislation that already has broad bipartisan support.

Millions of Americans own crypto and are watching. It’s time to call the vote.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Senate has 3 days to pass the Crypto Clarity Act before leaving for summer recess.

[Coin Bureau @coinbureau]

🇺🇸LATEST: Senate Majority Leader John Thune confirms the CLARITY Act will receive a Senate vote before the August recess.

Speaking on Fox News, Thune said Russia sanctions remain the Senate's top priority, but confirmed lawmakers will also move forward with a vote on the CLARITY Act, adding that he hopes Democrats provide the support needed to advance the crypto legislation.

[Eleanor Terrett @EleanorTerrett]

🚨🧵NEW: Pulse check on the Clarity Act after a flurry of developments over the past 24 hours.

Here’s the latest:

Industry sources tell me updated Clarity Act text could drop soon, though they’re also preparing for it to slip to later this week as ethics negotiations continue.

[Kadmiel @KadCity]

@UpholdInc 🚀 🚀

[American Water Works Association @awwa]

Congratulations to the winners of the student poster competitions!🏆

First place: Gema Diaz Bukvic
Second place: Kadmiel Adusei
Third place: Catherine Ferry

[Kadmiel @KadCity]

Happy Father’s Day to all fathers

[Jake Claver, QFOP @beyond_broke]

I'm more bullish on XRP than I've ever been. New projects keep launching on the XRPL, and Ripple's payments software is expanding, the more it gets used, the more useful it becomes, and the gravity keeps building.

[{x} @unknowDLT]

In just a few weeks, the largest institutional push toward blockchain will begin...

XRP

[Senator Cynthia Lummis @SenLummis]

Clear rules aren't a favor to the crypto industry. They're protection for every American who wants to participate in this economy.

[Elon Musk @elonmusk]

🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[Kadmiel @KadCity]

@CoreNews_2 Canada 2- Bosnia 1

[Kadmiel @KadCity]

@elonmusk You grew up in Africa but you’re saying poverty in Africa has nothing to do with colonialism. But Tesla heavily relies on cobalt mined in DRC for its lithium-ion batteries.

[Kadmiel @KadCity]

@UpholdInc Discover, trade and pay in crypto better.

[Senator Cynthia Lummis @SenLummis]

Wyoming proved that a state can get digital asset regulation right. Washington is catching up.

[Brad Garlinghouse @bgarlinghouse]

14 years later – still the honor of a lifetime to be part of the XRP family!

[Senator Cynthia Lummis @SenLummis]

We are closer to a functioning digital asset market structure than we have ever been. Now is not the time to flinch.

[Kadmiel @KadCity]

stellar:native