Jared Klee | Digital asset core banking

Chief Revenue Officer @ Dfns

[Jared Klee | Digital asset core banking @KleeBeard]

@HadickM @web4O No restrictions on another issuer creating a cloudflare branded stablecoin. Precisely what we do at Bastion. Each one subject to regulator approval. The restriction is on Cloudflare itself as the issuer. Which makes the announcement so confusing.

[Jared Klee | Digital asset core banking @KleeBeard]

@HadickM @web4O And GENIUS Act generally prohibits companies like Cloudflare from issuing.
https://t.co/V06kp2tObk

[Austin Campbell @austincampbell]

Really hoping @Cloudflare got permission from the SCRC first if they are actually going to be the issuer or this is, you know, illegal.

From Genius:

"(B) Prohibition.—(i) In general.—A public company that is not predominantly engaged in 1 or more financial activities, and its wholly or majority owned subsidiaries or affiliates, may not issue a payment stablecoin unless the public company obtains a unanimous vote of the Stablecoin Certification Review Committee finding that—"

[Nass Eddequiouaq @nassyweazy]

Today we’re announcing Bastion’s strategic round, led by @cbventures with @Sony_Innov_Fund, @SamsungNext, @a16zcrypto, and @Hashed_Official.

This brings our total funding to $40M+

Here's why this moment matters 🧵

[Jared Klee | Digital asset core banking @KleeBeard]

@RMB 👀 I'm game. Budget and half the seats.

[Jared Klee | Digital asset core banking @KleeBeard]

@RMB @vouch_group Will make sure to pass it on to Sultan. He's a rockstar.

[Archetype @archetypevc]

NYC is a global crypto hub

It's home to some of the industry's most iconic companies and the destination for a constant inflow of builders

We wanted to make it simpler for everyone in this community to find and collaborate with each other

So we built https://t.co/ajgB5uupyq

[Jared Klee | Digital asset core banking @KleeBeard]

@dberenzon 👋 from @vouch_group
https://t.co/C7oRhGI7z7

[Jared Klee | Digital asset core banking @KleeBeard]

@jp_koning Is this headlines or signaling at this point? Usually these announcements proceed stopping activities by 12+ months.

[Jared Klee | Digital asset core banking @KleeBeard]

@asanwal They bought Stream a while back, subscale Tegus competitor. Ran it as a feature rather than as a product. Tegus ate their lunch. Let's see if the team for gets it right the second time.

[Jared Klee | Digital asset core banking @KleeBeard]

First the ETH ETFs now Robinhood acquiring a major crypto exchange. My bingo card has all the wrong boxes on it.

[Robinhood @RobinhoodApp]

We’re accelerating Robinhood Crypto’s worldwide expansion. Robinhood has officially entered into an agreement to acquire @Bitstamp, a global cryptocurrency exchange with customers across the EU, UK, US and Asia.

More details: https://t.co/wk3x02z0rU

[Jared Klee | Digital asset core banking @KleeBeard]

Whoa 👀

[Paxos @Paxos]

Today, Paxos International announced the launch of Lift Dollar ($USDL) – a yield-bearing stablecoin that democratizes access to US dollars and safe yield generated from cash and cash equivalent assets. Now, you can seamlessly spend, save and trade, all while earning yield.

1/4

[Jared Klee | Digital asset core banking @KleeBeard]

@PolicyPitts @CFPB 5,079 words is the one word per day threshold since the CFPB was tasked with 1033. Ignoring preamble, I'll bet the under.

[Jared Klee | Digital asset core banking @KleeBeard]

@PolicyPitts CFPB took it down

[Jared Klee | Digital asset core banking @KleeBeard]

@matt_homer Look forward to seeing you tomorrow!

[Jared Klee | Digital asset core banking @KleeBeard]

Happy Sunday from Prospect Park

[Jared Klee | Digital asset core banking @KleeBeard]

@trunarla I approve this message

[Jared Klee | Digital asset core banking @KleeBeard]

Loving LinkedIn's new AI recommendations

[Jared Klee | Digital asset core banking @KleeBeard]

BTC available with a CUSIP and ISIN, cleared by DTCC

[RDC @ReceiptsDepo]

Today, we're proud to officially introduce RDC, the first depositary that’s making it as easy for qualified institutional buyers to own digital assets as traditional securities. Read our press release on our initial offering, the first-ever Bitcoin DR: https://t.co/CpmkzfAvEu

[Jared Klee | Digital asset core banking @KleeBeard]

@trengriffin I added Cheetos to my order

[Jared Klee | Digital asset core banking @KleeBeard]

@TobiasRush I'd be surprised if they didn't. Amazon lost the thread when they got hooked on Ad revenue. They've prioritized pushing ads over discoverability and lowest prices. At some point the frog will be boiled and they'll wake up to a competitor that remembers the customer's needs.