Okla Dep Attorney General for Cybersecurity, Technology, and Digital Assets {opinions are my own; not financial, legal, invstmnt advice; follow, RT=/= endorse}
BREAKING: Total US debt has officially crossed above $37 trillion for the first time in history.
This puts total US debt up +$780 billion since the debt ceiling was raised following the signing of the "One Big Beautiful Bill Act" into law on July 4th.
This equates to an average rise of a whopping +$22 billion per day.
Last week alone, the government sold $724 billion in Treasuries through 10 auctions.
The US debt crisis is worse than ever.
@KobeissiLetter Significant market and geo-political inputs with no significant observable price or vol impact? Paging Mr. Constanza, your summer is ready @jam_croissant
OCC-regulated banks may buy and sell assets held in custody and are permitted to outsource bank-permissible crypto-asset activities, including custody and execution services. https://t.co/0ScQdgNaS6
Our latest Blockchain Letter uncovers the opportunities and trends shaping crypto in 2025.
– The Path to Adoption: Blockchain’s Next 100x Opportunity
– Predictions for Crypto in 2025
– Crypto: The Ironic Answer to De-Dollarization
– Three Trends in DeFi
https://t.co/EYsSa1ekdb
"We believe the United States should be the premier destination for digital assets"
Surreal to hear talking points you'd probably only hear at bitcoin meet ups in 2023 being made publicly by the Secretary of Treasury in 2025
WATCH: @SecScottBessent in response to @RepHuizenga on America leading the way in crypto:
"We believe that the United States should be the premier destination for digital assets, and as members of this committee and the Senate are attempting to do, create good market structure around that so that U.S. best practices are used around the world."
📺⬇️
Regarding today's market action ...
"I used to think that if there was reincarnation, I wanted to come back as POTUS or the Pope or a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody."
- James Carville, 1994
Been beating the drum for years that dual use venture will be this decade's thesis... if the launch of the Office of Strategic Capital, Palantir's success, and this doesn't open any eyes I'm not sure what could
China just unveiled a colossal 1 trillion RMB (!) national VC fund dubbed a “carrier-class” initiative specifically targeting AI, quantum computing, hydrogen energy, bio-manufacturing, 6G, etc.
According to the NDRC chief, the fund will take a “patient capital” approach, focusing on early-stage innovations and providing long-term financial support.
One of the more important, if subtle, takeaways from the FOMC press conference today -
Powell: "We think banks are perfectly able to serve crypto customers as long as long as they understand and can manage the risks [...]"
What I hear Jay Powell saying is: banks are now free to manage any risks from crypto, just like they manage any risks from any other industry. What a change from the last four years.
NEW: Chairman @RepFrenchHill and @RepBryanSteil: “As leaders of this Committee on digital assets, we look forward to working with the Trump Administration as we coordinate on crafting legislation to provide much needed clarity and protections for consumers and investors while securing the US as the trailblazer in digital financial innovation."
Read more 🔗
https://t.co/bTrDYToMPr
We are proud to be supporting and working towards the establishment of a Strategic Bitcoin Reserve in #Oklahoma
Thank you to Rep. Maynard, this is a huge step forward!
Let's keep Oklahoma as a #Bitcoin leader and help to secure the financial future of all Oklahomans 🫡