True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.
Earlier in the week via @StandardCustody, we also applied for a Fed Master account -- while Congress is working towards clear rules and regulations, and banks (in a far cry from the years of Operation Chokepoint 2.0) are leaning in, this access would allow us to hold $RLUSD reserves directly with the Fed and provide an additional layer of security to future proof trust in RLUSD.
Ripple always has and will continue to build trusted, battle-tested and secure infrastructure. In a $250B+ market, RLUSD stands out for putting regulation first, setting the standard that institutions expect.
Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy.
Digital assets are one of the most important phenomena in the world right now, yet they have been ignored by national governments for far too long.
This administration is committed to establishing the United States as a hub for digital asset innovation, and the GENIUS Act moves us one step closer to that goal.
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.
For YEARS, crypto companies have been calling on Congress to pass crypto legislation and set rules of the road. This is the first major financial bill since Dodd-Frank -- the first crypto bill to pass in the Senate, which now moves to the House, a truly historic moment.
Thank you to @SenatorTimScott, @SenatorHagerty, @gillibrandny, @Sen_Alsobrooks and many more for their leadership.
🚨Book Giveaway 🚨
I’m thrilled that my book on the history of Indian clubs is out in paperback – finally accessible for anyone interested in fitnss & strength history. To celebrate, I’m giving away two free copies!
To enter just Retweet & Follow
Winners announced June 13th!
If you’re freaking out about this pullback, don’t.
Eat a Snickers.
Then go watch my last YouTube video (which covered exactly this) and chill.
Link to the vid is in my pinned tweet.
@grahamallen This video is from May. The next FOMC meeting is June 17. He is a piece of shit and likely won't cut in June, but you're a piece of shit for gaslighting your followers into thinking this was today. Moron.
Regardless of how this month closes- the fact that our monthly RSI is pushing into overbought territory once again means that things are about to get silly.
The final 5th is well underway and we are approaching the point at which we will go soon begin to go parabolic and witness a blow off top the likes of which we haven’t seen since 2017.
This will be the MOST AGGRESSIVE EXPANSION we have seen on Bitcoin SINCE INCEPTION.
The final wave of our first, secular bull cycle on Bitcoin.
The culmination of a -16 year macro cycle on Bitcoin.
THIS IS WHAT WE HAVE BEEN PREPARING FOR SINCE 2017 FAM.
Keep calm, go easy on the leverage (where we’re going you don’t need it), AND LET’S MAKE SOME FUCKING MONEY!
🚨BREAKING: Trump’s crypto czar - David Sacks says that the Genius Act stablecoin bill will “pass with significant bipartisan support!”
💥RIPPLE's $RLUSD IS THE MOST REGULATED STABLECOIN!💥#XRP