“Adapting rather than surrendering. The old order is changing terrain. When payment giants move into stablecoin infrastructure, this is an attempt to absorb the threat by repositioning around the same rail. ”
⚖️JUST IN: 6 CRYPTO BILLS launch in the US House Committee of Ways and Means.
1. Charitable Deductions for Digital Asset Donations Act
2. Tax Clarity for Mining and Staking Act
3. Less Tax Paperwork for Digital Asset Owners Act
4. Providing Analogous Rules for Digital Assets Act
5. Digital Assets Voluntary Disclosure Program Act
6. Applying Existing Tax Anti-Abuse Rules to Digital Assets Act.
White House crypto advisor Patrick Witt highlights the parity on tax, calls it a good work.
@JungleZhan CLARITY may help banks. But delay helps competitors.
Capital does not sit still waiting for Washington.
It is how much of the next system it lets move offshore first.
@SenLummis@SecScottBessent
proceed with haste🙏
BREAKING:
Senator Lummis just issued a direct warning to the banking industry.
"Digital assets are the future of finance."
"Banks can join or get left behind."
The woman who wrote the CLARITY Act.
Telling America's most powerful banks.
Adapt or become irrelevant.
JPMorgan already built on XRP Ledger.
Bank of America appointed a crypto transformation chief.
The banks that fight are losing ground.
The banks that build are gaining it.
The future doesn't wait for the reluctant.
You’re right, Mr. Secretary and the meter’s already running. While the markup waits, the dollar’s yield doesn’t. ADGM AUM +57% last quarter, $4.4T of new managers anchoring in Abu Dhabi, and this is through this most unsettling period. It’s not just developers relocating, it’s the income.
CLARITY can still reshore the next decade. But capital files its forwarding address in real time. In 1933 it was London. Today, the Gulf, HK and the SEA.
Capital doesn’t wait for a markup. It already filed the paperwork.