Today is the 13th of March 2020 - Clearly, markets aren't going to crash today, but it's obvious they are standing on the edge of the cliff.
After all, history never exactly repeats, but it always rhymes
🧠 Most crypto investors are chasing a lottery ticket. But what happens when you actually win?
@afkehaya sits down with @beyond_broke, CEO of @DAGFamilyOffice, to break down why you need a family office mindset BEFORE your liquidity event.
A lot of advisors avoid crypto because they don't believe in it. You don't have to.
You manage concentrated single-stock positions all the time without believing in the stock. Same discipline, different asset. Your job is to manage it, not to have a thesis on it.
mastercard’s bitlicense is being read as a crypto strategy but imo it’s better read as the completion of an off ramp strategy yrs in the making
the on-ramp (fiat to crypto) has commoditized, but the off-ramp (crypto back to fiat at the merchant) is where mastercard’s defensibility lives: 100m merchant acceptance points already integrated globally, merchants don’t need to adopt stablecoins for the model to work, + existing interchange & settlement economics stay intact.
the bitlicense closes that loop inside what is arguably the strictest US regulatory perimeter (ny), where most insti counterparties are domiciled. the resulting division of labor may look like:
> crypto native rails handle the cross border leg
> stables issuers absorb the float
> fintechs own the consumer experience
final mile routes thru the network mastercard spent decades cultivating
another data point suggesting that while card networks were expected to be the casualty of the stables stack, it looks like they’ll be the distribution layer for it
🚨NEW: President Trump just praised the @CFTC and @ChairmanSelig’s fight for federal preemption over prediction markets while touting America as the Crypto/Bitcoin Capital of the World.
“It is a major industry and we must protect it.”
This is the first time I’ve seen crypto used as an attack line this election cycle.
And I keep hearing that being anti-crypto is no longer a “real” position in Congress, yet mailers from Rep. @BradSherman sound straight out of 2024, warning about the “dishonest” and “dark ….
@tushant_suneja@jakeclevine Brad Sherman just put out THREE mailers about crypto specifically, without naming his opponent @jakeclevine so I wouldn't say its absent in the race so far, he's using it as a bogeyman yet again
It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones.
Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated.
Nate also helped us build a durable organization with experienced leaders across all facets of the business. Ian De Bode, Ondo Finance’s longtime President, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team.
We will continue building what Nate started. That is the most meaningful way we know to honor him.
You get to hear this only once. And only once inside the Louvre. Adam Back @adam3us (Co-founder & CEO, @Blockstream & @bstrco) sits down with Jenny Johnson (CEO, @FTI_US), moderated by Eleanor Terrett @EleanorTerrett (Co-Founder & Host, @CryptoAmerica_).
The topic: The Great Crossover: Asset Management for the Onchain Investor.
The line between traditional finance and crypto-native markets is disappearing.
Traditional financial products are being redeployed on crypto-native rails. Crypto-native investors are becoming a new customer base for institutional asset management.
The question this fireside sets:
What does the future portfolio look like when tokenised money market funds, stablecoins, Bitcoin, and other onchain assets are in the same wallet?
Jenny & Adam will be challenged by Eleanor in defining what traditional finance still underestimate about the investors who want to hold, move, and manage capital onchain.
Take a seat.
https://t.co/q3BI14qsUI
Not a shocker and why I am sticking to my take that all that tokenization is going to do (at least short-term) is distribute stocks and ETFs to people on-chain, it's more of a distributor than disruptor for ETFs.
🚨NEW: SEC Commissioner and Crypto Task Force chief @HesterPeirce is tempering expectations around the agency’s contemplated innovation exemption for tokenized stocks, saying she expects it to apply narrowly to onchain equity products, not synthetic tokens that mimic stocks ..
I appreciate the interest in--but not the hyperbole about--the contemplated innovation exemption for the onchain trading of tokenized NMS stock. Keep in mind: I've always expected that it'd be limited in scope & would facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today, not synthetics.
Clarity Act passage before August recess just got more challenging.
I tell my clients that the most valuable commodity in Washington, DC is Senate floor time — and I always run the “Senate math” to figure out if we have enough floor time for passage.
Reconciliation to end the TSA shutdown being pushed into June reportedly because it now includes ballroom funding and the $1.8 billion anti-weaponization fund adds a new challenge to getting the Clarity Act done before recess while it competes against the housing bill, nominees, and possible supplemental war funding ect.
This means the Clarity Act will now be competing for floor time in June with reconciliation, FISA, as well as the housing bill that passed the House this week.
The reality of whether the Senate can get two major pieces of legislation done amid time constraints and competing ..
🚨🚨BREAKING NEWS: THE SENATE will go home until June, leaving the reconciliation bill unfinished.
THUNE just told senators in the room.
All because of the DOJ weaponization fund.
House is expected to follow suit soon.
me and @AndrewDesiderio
Another advisory role for former CFTC Chair @giancarloMKTS, this time at @Jefferies, where he’ll help build out the firm’s digital asset business.
We reported last month that Giancarlo accepted a senior strategic adviser role at Patomak Global Partners, the consulting firm …
reading this will change the way you look at money and help free you from the 9 to 5 matrix:
crypto changes your perspective on money a lot. making $12,000 from one trade was the main moment that flipped the switch for me. most people work a month or 2 straight for that type…..