1/ Today, we led a broad coalition of more than 125 industry leaders in a letter to Congress urging lawmakers to preserve the rights enumerated in the GENIUS Act that ensure the United States remains the most competitive and innovative capital market in the world.
🧵👇
Paxos has received approval to convert its NYDFS limited purpose trust charter into a national trust charter overseen by the U.S. Office of the Comptroller of the Currency.
Once complete, all US-based activity will be subject to OCC supervision.
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This week, President Trump's pick for CFTC chair @michaelselig cleared the Senate Agriculture Committee
On @bitsandbips, host @Steven_Ehrlich is joined by former CFTC Chair @giancarloMKTS to unpack:
📺 The Senate hearing
💰 How the CFTC could get more resources to handle its anticipated crypto oversight
🧱 The challenges the CFTC could face regulating crypto
🗓 The timeline for CLARITY
🛣 The way forward for prediction markets
Timestamps:
🚀 00:00 Introduction
⚡️1:41 Chris details his experience working with Mike Selig
🤔 6:34 Does the CFTC have enough resources to handle crypto?
📽 10:34 Crypto’s unique commodity trading structure
🧱 13:37 The challenges the CFTC could face with crypto's unique trading structure
🤔 15:15 Should crypto exchanges remain vertically integrated?
💡17:25 How DeFi should be regulated
🧏 20:46 Why Chris says crypto perps do not need new laws
🔮 24:49 Mike's confirmation timeline
💥 25:46 Why prediction markets are important
👀 27:57 Why Chris compares the regulatory trajectory of prediction markets to Uber
💡 28:57 What regulations could look like for prediction markets
ICYMI: a recording of yesterday's regular meeting of the Commission has been uploaded below, to our website at https://t.co/T2CVHLf30p, and our YouTube channel.
The next regular meeting of the Commission is anticipated to take place on Thursday, Jan. 15 in Cheyenne.
.@giancarloMKTS, Sygnum Senior Policy Advisor and Former US CFTC Chairman, shares his outlook on how the GENIUS Act will shape the market, expecting clear differentiation to emerge between major stablecoins.
"You are going to see markets develop like foreign exchange markets, but there are going to be stablecoin markets where the marketplace will work out the difference between a Circle digital dollar, a Paxos digital dollar and a Tether digital dollar,” said @giancarloMKTS in a fireside chat with Mathias Imbach, Sygnum Co-Founder and Group CEO.
"The marketplace is going to assign a value to depth of liquidity, a shorter redemption period or a longer redemption period and other factors."
Watch the full fireside chat between @giancarloMKTS and Mathias Imbach here: https://t.co/FQ53BGiDMn
#stablecoins #crypto
Disclaimer: https://t.co/C9GTA39Odm
I can finally share the full story behind my https://t.co/70AXrt3HTB deal.
South Florida Business Journal just did a deep dive on the sale, the price, and the equity I took in the company.
https://t.co/cG2SQnDQdc
Bought it for$480 in 2021.
Sold it for 1.34 million plus 9 percent equity in the company.
This is what happens when you understand timing, vision, and the direction of the next wave.
It’s not about flipping a domain for a quick buck.
It’s about owning the right land before the town is even built.
The AI boom is just starting. The best names will define the next decade.
The next phase of domain investing is underway!
Story by Mark Dovich. South Florida Business Journal Our takeaways and excerpts from the choice article..
"AIreviews Corp. $ 1.34mm AIreviews. com plans to launch AI-powered review aggregator in 2026."
"Co-founded by David Azoulay and Steve Churchill plans to launch an, patented, artificial intelligence-powered review search engine in early 2026"
"The seller of the website was Rick Schwartz, a South Florida man known for buying, holding and selling thousands of domain names. Schwartz said he acquired the AIreviews .com domain name in 2021 for just $480, which would make for a massive profit. As part of the deal, Schwartz has also taken a 9% equity stake in AIreviews Corp."
Rick Schwartz....“The buyers saw the same potential I did, they moved quickly and they’re positioning themselves for a space that’s only going to grow,” Schwartz told the Business Journal. “I feel very good about where this domain is going, and since I have a stake in this company, I’m excited to be part of it.”
Curious about crypto wallets and how to store and access crypto assets? Check out our Crypto Asset Custody Basics Investor Bulletin.
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New entrants into the federal banking sector are good for consumers, the banking industry and the economy. Read about the OCC’s conditional approval of five national trust bank charter applications. https://t.co/xF3GzoJXGf
HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward - first for $RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.
To the banking lobbyists – your anti-competitive tactics are transparent. You’ve complained that crypto isn’t playing by the same rules, but here’s the crypto industry – directly under the OCC's supervision and standards – prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?