István Torgyik

[István Torgyik @TorgyikI]

What do you think about the double bottom? 😉

[Mr. Anderson @Truecrypto]

The CLARITY Act is crypto’s graduation day. But once again, Democrats appear more willing to block crypto than regulate it.

It needs 60 Senate votes, and right now it isn’t looking good.

Call it partisan politics. Republicans now treat crypto like a new American industry that should be welcomed, monitored and kept onshore. Because Republicans support it, Democrats seem almost obligated to oppose it.

The excuse now is that Trump’s family made money from crypto. Fine. Investigate every conflict. But spare me the sudden moral awakening from a party that watched the Pelosi household become a running joke as the greatest stock traders alive and never made congressional trading its line in the sand.

Look at the record: Operation Choke Point 2.0 and FDIC “pause” letters pressuring banks to avoid crypto; crypto companies losing banking access; SAB 121 making institutional custody unnecessarily difficult; Biden vetoing its bipartisan repeal; the SEC refusing to create a workable registration path; regulation by enforcement; lawsuits against Coinbase and Kraken that were later dropped; attacks on staking; threats against DeFi, wallets and self-custody; blocking spot Bitcoin ETFs until a court ruled the SEC had acted arbitrarily; opposing FIT21; and now withholding the votes CLARITY needs.

This doesn’t mean Republicans are good. It means Democrats have been the party standing in crypto’s way for years.

Don’t let the latest excuse erase a very long record.

[István Torgyik @TorgyikI]

@zerohedge uuuhhh-ooohhh

[István Torgyik @TorgyikI]

@DeItaone After you destroy it... of course.

[István Torgyik @TorgyikI]

@WatcherGuru You didn't post about bitcoin reaching 64k. You sucker.

[zerohedge @zerohedge]

Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates https://t.co/0M3nL5c92T

[Jeremy Allaire - jerallaire.arc @jerallaire]

Today is a historic day for Circle, and I think symbolic of a much bigger evolution in the architecture of the emerging internet financial system.

Circle has received final approval from the OCC to operate as a national trust bank. We have been granted a charter for First National Digital Currency Bank, NA.

Over 10 years ago, as we were forging the concepts of Circle, we believed a new kind of national bank would ultimately be needed to issue full-reserve dollar digital currency. This was before USDC even existed. The vision was clear: a new base layer of money on the internet would be necessary, and for it to reach widespread use, it needed to operate under national banking supervision.

Years later, after launching USDC and achieving strong product-market fit, I wrote that we sought a charter for a full-reserve digital currency bank. Then, through a half-decade of work with policymakers and regulators, we saw the GENIUS Act codify into federal banking law a framework for these safe, efficient, and technologically superior digital dollars.

Launching and operating as Circle National Trust, we will offer custodial services for digital assets, including stablecoins and other tokenized assets, held to the highest standards afforded under Federal national trust bank supervision.

As the GENIUS Act approaches full implementation in early 2027, we are now poised not only to be supervised by the OCC, as required by law, but to bring critical components of USDC's operation and reserves into this structure.

This is all part of building a new fundamental money layer for the internet. A layer that can scale from an AI agent paying another AI agent in fractions of a second for fractions of a cent, to retail transactions, to investments, trading and lending, to the largest wholesale transactions between global systemically important institutions. All of this needs a form of money and regulated infrastructure that can support the entirety of this new internet-native economic system.

A new architecture for money on the internet has arrived. It is now being hardened into an edifice the world can trust and build on. We are thrilled to be the first of a new cohort of firms establishing this kind of banking infrastructure.

Jeremy

[matthew sigel, recovering CFA @matthew_sigel]

$CRCL +11% pre-market, gets OCC nod for digital bank.
This was already baked in the cake with the charter they got last December. Still, they can open for business now. The stock is on its rear-end. Big move confirms how negative sentiment is.

[István Torgyik @TorgyikI]

@zerohedge Paris will burn down.

[István Torgyik @TorgyikI]

@KobeissiLetter ...due to government relations.

[István Torgyik @TorgyikI]

@WatcherGuru It's fake news, they always talk nonsense about #Bitcoin.

[István Torgyik @TorgyikI]

@WuBlockchain Don't look for logic in it; the #EU's logic is over-regulation and ruining the economy.

[matthew sigel, recovering CFA @matthew_sigel]

🚨Vanguard (AUM= $10+ Trillion) is looking for a head of digital assets for first time.

Successful candidate will "develop the multi-year digital assets roadmap" for the $10+ Trillion asset manager.

h/t @matty_ice_BTC

[grubles @notgrubles]

I always like to truncate the price to the amount in millibitcoin to emulate early prices.

So when you make a huge fuss over a $63 -> $61 move I just have to laugh.

[István Torgyik @TorgyikI]

@zerohedge Second country within a day.

[István Torgyik @TorgyikI]

@WatcherGuru

[István Torgyik @TorgyikI]

@DeItaone #cryptocurrencies ?! 👀

[István Torgyik @TorgyikI]

@DocumentingBTC She finally said something sensible.

[István Torgyik @TorgyikI]

@zerohedge Not surprising, why do 4- to 8-year-old kids have to be bombarded with this shit?

[István Torgyik @TorgyikI]

@PsyGuy007 Fuck this fucking shit!

[István Torgyik @TorgyikI]

@Javimarenas Good luck; politics is not on your side.