My thanks go to everyone who put so much effort into the CLARITY Act— across the Administration, Congress, investors, and innovators. Our collective conviction that America must continue to lead is indispensable.
I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future.
Stay tuned.
Don't know if anyone noticed that huge dump that occured a few hours ago (long candle wick down).
That is the manipulation engine, driven by BTC whales and Binance to pull down prices, as it pumped.
Make no mistake, this manipulation is real
@WatcherGuru Japan greenlighting USD stablecoins = backdoor T-bill demand.
USDC/USDT collateral is ~80% short-dated Treasuries. Japan dumps Treasuries directly while opening rails for stablecoin-mediated T-bill demand. Different wrapper, same instrument.
"Professor, don't you find it curious that a new US-Iran peace deal leaks almost every time the 10y UST yield breaks 4.4% on the upside?"
"Actually, if I think about it, I don't find it curious at all."