Great to see Hedera Council representation on the NVIDIA Open Agent Safety Platform 👀
Trust and safety are what the AI economy needs to scale responsibly.
INSIDE NEAR INTENTS
Otherwise known as the universal liquidity layer.
NEAR Intents has settled more than $30B in cross-chain volume. More than $1B of it in the last seven days, and an all-time daily high of $300M yesterday.
Here's how it’s transforming the onchain economy 🧵
JUST IN: Bitwise CIO Matt Hougan says the U.S. is sacrificing a historic opportunity for crypto over “short-term political points.” 🇺🇸
He says clear rules could make crypto safer, drive investment and help the U.S. lead global financial markets for the next 50 years.
I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
Tomorrow, my colleagues have a choice to make: American leadership, real consumer protections, and giving law enforcement the tools they need to address illicit finance, or drive the digital asset industry overseas, leaving consumers vulnerable, and sidelining American leadership knowing full well that no other country is capable of regulating this industry as well as the United States. The choice really is that clear. The Clarity Act is right in front of us and this moment won’t come along again for years. Let’s take the win and get this done.