The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.
Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and I, for one, am looking forward to all that is to come as a result of this transformational legislation.
Thank you to the bipartisan leaders that got it done – @RepFrenchHill, @GOPMajorityWhip, @CongressmanGT, @RepAngieCraig, @RepDustyJohnson, @RepDonDavis, @RepBryanSteil, @RepRitchie, @SpeakerJohnson, and @RepJoshG.
As trillions of dollars of assets (bonds, stocks, real estate, the list goes on) become tokenized around the world, you cannot overstate the importance of bank-grade custody and security underpinning these assets. Proud to have Ripple Custody safeguarding the Dubai Land Department’s real estate title deeds, tokenized on the XRPL – no elementary task!
🚨 JUST IN: Circle ( $CRCL ) applied to the OCC to launch the first 🇺🇸U.S. digital currency bank.
It will manage $USDC reserves, tokenized treasuries, and offer on-chain payments under federal oversight.
Our @StellarOrg Residency Program kicked off today! We’re thrilled to host 20 groundbreaking companies from over 15 countries building the way to our future 🔐
Our welcome dinner was accompanied with a keynote featuring @logicarbitrage from @StellarOrg!