AI is making attacks cheaper. It’s also making defense faster.
Our CEO and Co-Founder @nathanmccauley on @crypto , discussing the $6.3B Binance hack:
“As much as attackers are now more sophisticated in how they come after things, defenders are now able to do years of work in a single week.
The organizations that invest heavily in defense are going to see their systems be even more secure than they ever thought possible. The tools in the hands of the defenders are extremely powerful.”
Anchorage Digital has submitted its application for swap dealer registration to support our continued growth as a leader in the options space, scaling past the $8B CFTC’s threshold for US based clients.
Anchorage Digital Swap Dealer, LLC has submitted its application to the National Futures Association (NFA) for swap dealer registration with the Commodity Futures Trading Commission (CFTC), aiming to offer institutions a regulated framework for trading digital asset derivatives, the same federal derivatives framework that governs the largest dealers in traditional markets.
Read why we registered and what it means for clients: https://t.co/0TVrvAzfwd
It's true with each new Congress, most of the new Members are supportive of digital assets! I think it is because they grew up in the digital world and it's natural that money becomes more digital, too.
On @paulbarrontv we had the chance to discuss a bunch of important issues. From the Dems winning control of Congress and what it means for the crypto industry, to crypto PACs, and shoe leather lobbying in DC. Thanks for having me on!
Join @DanSpuller and BA members @KevWysocki (@Anchorage) and Ashley Scott (@Circle) at DC Fintech Summit today, Nov. 4, as they discuss “Stablecoins & The New Rails of Money.”
The panel will explore stablecoin governance, regulation, and the future of domestic and cross-border payments.
Apply to attend:
https://t.co/EHvugj1La6
Congratulations to everyone elected to serve in the next Congress! I look forward to building relationships with new members and continuing our work toward a more secure and innovative financial system. And a special congrats to my old boss, @RepAndyBarr, for winning his Senate race!
It's election day! My policy predictions for the 120th Congress are: (1) it passes a crypto tax reform bill, (2) a National Defense Authorization Act includes meaningful crypto provisions, and (3) market structure legislation is not enacted into law.
For Congressional hearings expect many of these topics: hacks and security; CFTC and SEC rulemakings; GENIUS Act/ rewards; vertical integration concerns, DeFi and consumer protections; and national security.
I have always thought our custody model is the best of both worlds: fast like hot wallets and safe like cold wallets! There are certainly more technical details (which you can read about below) as to why this is, but simply put: assets need to be held safely and accessible when needed, and that's what we provide at @Anchorage Digital! Amoung many other services of course!
A compromised laptop moved billions.
Our CEO & Co-Founder, @NathanMcCauley, on why a stolen device should never be enough to move client assets, and how Anchorage Digital was built so it isn’t.
This is a very helpful summary from @trmlabs about yesterday's Binance hack by NK (TraderTraitor). According to TRM, of the roughly $6.36B stolen, NK remains in control of $2.4B. Many crypto firms moved quickly to freeze billions in stolen assets, including the world's two largest stablecoin issuers. The root cause seems to be NK taking over a hot wallet. https://t.co/kgbQu3ufro
Great article by @RebeccaRettig1! There might be some disagreements on the particulars but ultimately tokenization of stocks is mutually beneficial to both crypto and traditional finance. It is a win for the American people, too. In Washington, it is often said "America's financial markets are the envy of the world." It's true and tokenization will help keep it that way!
We’re excited to partner with @chainlink on the launch of CustodySync, which enables Anchorage Digital Bank to connect custodied institutional assets to DeFi lending markets, and Anchorage’s Atlas Collateral Management Product to manage off-chain collateral for on-chain loans.
Chainlink’s industry-standard platform gives our clients more ways to turn their passive capital into productive capital.
Anchorage Digital 🤝@chainlink
@Anchorage Digital has been an OCC national bank for almost 6 years and is proud of it! That is why when the ICBA sued the OCC earlier this month over charters like ours, @nathanmccauley, our CEO/ Co-Founder, couldn’t stay silent. Read his @AmerBanker op-ed on the matter to get the facts!
https://t.co/2ehdCKROT8
@Anchorage Digital has been busy writing comment letters regarding the implementation of the GENIUS Act and the Fed's work on access to master accounts. We compiled them in one spot for easy access: https://t.co/M3nRC2LAxB
Kudos to our legal, comms, compliance and stablecoin teams that have been working hard on these!
NEW: The @USOCC has finalized its GENIUS Act rules and declined to treat stablecoin rewards offered by exchanges and other third parties as presumed violations.
@KevWysocki, Head of Policy at @Anchorage, said on the show earlier this month that banks’ failure to adopt new technology poses a bigger risk than stablecoin rewards:
"You had a number of community banks coming in to senator offices saying, we’re really concerned about deposit flight in the future because of stablecoin rewards.
I don’t personally think that the evidence in the past has suggested that the growth of stablecoins has led to that.
I get it’s a concern, [but] I think the bigger problem is the failure to adopt new technologies."
It is great to see the @USOCC is leading the way on implementing the historic and meaningfully bipartisan GENIUS Act! @Anchorage Digital is proud to be the first federally regulated stablecoin issuer in the USA!
🚨NEW: OCC Finalizes GENIUS Act Rules, Backs Off Stablecoin Rewards Restrictions
The @USOCC has finalized its GENIUS Act rules, dropping proposed restrictions on stablecoin rewards and leaving a major fight between banks and crypto firms unresolved.
https://t.co/3DCCIbVDrS