🚨NEW: A group of pro-crypto senators is pressing U.S. banking regulators to establish capital requirements for banks’ crypto activities.
In a new letter, @SenatorHagerty, @SenDanSullivan, @SenLummis, @berniemoreno, @SenJonHusted and @SenTedBuddNC argue that the Basel Committee’s 2022 capital framework effectively functioned as a ban on banks holding digital assets on their balance sheets with a 1,250% risk weight for assets like bitcoin, and that regulators should adopt a new U.S. framework that is more balanced.
The senators point to regulators’ March guidance that tokenized securities should receive the same capital treatment as their underlying assets and argue the same tech neutral principle should apply more broadly to digital assets.
The push comes as Congress considers the Clarity Act, which would authorize banks to engage in a broader range of digital asset activities, raising questions about whether current capital rules are compatible with that framework. It also comes as global regulators revisit the Basel crypto capital standards.
Mastercard plans to expand its integration with the XRP Ledger to support always-on settlements and time-sensitive intraday payment flows.
The move will leverage the XRP Ledger’s near-instant finality, predictable low fees, and proven 14-year track record.
Senator Lummis just gave us an honest timeline on the CLARITY Act 👀
July 4th is possible… but August recess is more likely Banking + Ag Committee bills still need to merge with GENIUS Act changes, then they need 60 votes for cloture
slow but it's moving. and it WILL get done
‼️👀 Stellar CEO Denelle Dixon Just Publicly Said: DTCC Has Been Secretly Working With Stellar Since 2018!
EIGHT FULL YEARS of hidden power moves… and now they drop the bomb!
They had been quietly working ever since! 💥
Everyone called Ripple’s pilots and partnerships with global banks, institutions and countries… total delusion and fake for years…
Stellar just showed EIGHT YEARS of secret DTCC work was 100% REAL.
Now picture what Ripple’s massive bank deals and long war have been building in the dark.
When it all explodes… $XRP is going to destroy everything.
It’s all been 100% real.
Those announcements are soon coming…
SCOTT BESSENT JUST SAID HE'S LOOKING FORWARD TO THE CLARITY ACT PASSING THIS SUMMER. 🇺🇸
The US Treasury Secretary is on record. This isn't a maybe the highest levels of the administration want crypto clarity done before fall.
The window is open. $XRP $BTC $ETH 🔥
1/6 For everyone who's wondered when "real banks" will use blockchain: they already are. The next 18 months will be about how much, on which chains, and under which set of rules.
One of Europe's biggest banks has put its euro stablecoin on XRP. Here's why that matters. 🧵👇
This content is for informational purposes only and does not constitute investment advice. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth: https://t.co/f1nPiu69OG
🚨 MASTERCARD LAUNCHES 24/7 SETTLEMENT WITH USDC, PYUSD AND RLUSD
Mastercard is expanding settlement to support regulated stablecoins on-chain, including on weekends and holidays.
Supported assets will include Circle's $USDC, Paxos' $PYUSD, $USDG, $USDP, and Ripple's $RLUSD & $SoFiUSD.
Early users include Cross River, Lead Bank, CBW Bank, ARQ and Nuvei.
NEW: @Mastercard expands settlement to support regulated stablecoins including $USDC, $RLUSD and $PYUSD across Ethereum, Solana, Base, Arbitrum and XRPL.
MGUSD, @MoneyGram's native U.S. dollar stablecoin, is live on the Stellar network.
MGUSD is designed to plug seamlessly into MoneyGram's suite of financial services, making cross-border payments easier than ever.
Built on Stellar. Built for the world.
https://t.co/PzOu97a1IN
Introducing MGUSD.
MoneyGram's native U.S. dollar stablecoin.
Natively issued on @StellarOrg.
Built with @Stablecoin, @M0 and @FireblocksHQ.
Live in the U.S. today.