๐จ UPDATE: The CLARITY Act moves closer to law after final stablecoin rules ban passive yield but allow activity-based rewards, lifting passage odds to 55% as lawmakers push for a May timeline despite rising bank opposition
The only thing that should be relevant for global financial markets from this war is if the Hormuz is open or not. Ceasefire, bombing, talks, uranium, etc. ... all should be more or less noise for markets. Hormuz open: "yes/no". Since 2/28 it is (still) "no".
INSIGHT: @JPMorgan CEO Jamie Dimon warns that stablecoins, smart contracts and tokenization represent a direct competitive threat to traditional banking, saying the bank "must move faster" with its own blockchain efforts.
Stanley Druckenmiller said he expects global payment systems to run largely on stablecoins within 15 years, calling them more efficient, faster and cheaper than current infrastructure, per CoinDesk