I am deeply grateful for the opportunity to attend the Crypto Summit at the @WhiteHouse today. It was a great event that had some of the top leaders in our industry in attendance, all of whom got the chance to share their views on the crypto reserve, regulation, legislation and the overall strategy for how our industry will be able to evolve in the United States financial system. Since the US financial system is the world's leading financial system and many other financial systems follow its lead, this was a truly historic day for our industry.
Having the most senior members of the cabinet that cover these topics, the Secretary of the Treasury @SecScottBessent and the Secretary of Commerce @howardlutnick attending the event and actively participating before we were joined by @POTUS says a lot about the US's new found commitment to cryptocurrencies, blockchains and its own evolution as a financial system using our industry's approach.
Having top legislators that have been supporting our industry for many years like Congressional Whip Tom Emmer/@GOPMajorityWhip and Digital Asset Subcommittee Chair Bryan Steil/@RepBryanSteil also in the room showed a clear alignment between the executive and the legislative branch. The executive branch and legislative branch working together to get our industry adopted by the US financial system is very important. After this summit and my recent trips to DC it has become clear to me that the large macroeconomic effects of our industry on the US financial system makes it not only a bipartisan issue but possibly even a nonpartisan issue that is obviously in both parties interests because it is clearly in the US's overall interests. This level of cooperation between both parties of the house and senate greatly accelerates our industry's ability to gain entirely new laws and regulations. It may actually be one of the most cooperative issues in the legislative process right now.
I am also very impressed by the intelligence, commitment and deep industry understanding of the people that the @realDonaldTrump has chosen to plan things out for our industry from the executive branch; @DavidSacks and @BoHines are both knowledgeable about our industry and clearly very committed to helping it reach an entirely new level of adoption. They are helping bring together the most senior members of the US government to reorient the US financial system towards our industries technologies as the future. They did a great job on this summit and are doing many other great things for our industry's future as well.
It is clear to me that @realDonaldTrump has chosen our industry as a critical component of his plans for the US economy. In the attached video you can clearly see him saying "I thought it was very important that we stay in the front of this one, this is a big one" in response to points about how our industry is leading to the evolution of the global financial system. As an industry we are all immensely lucky that this is now the approach that US's executive branch has towards our industry. Thank you.
There were many comments made during the summit by various top industry leaders, but I found @ZachWitkoff's comments about the need to create regulatory clarity that makes all existing US institutions comfortable enough to participate in our industry, particularly insightful. I personally think that what he and the team at @worldlibertyfi are building is at the next level of DeFi and will be in a good position to take advantage of this next iteration/evolution of the US financial system.
Those expecting Solana to fade with the memecoin downturn are completely mistaken. Memecoins proved users like the UX and the infra works during high demand.
There are 50 app teams building for the next trend. Who knows what gets traction but it will be built on Solana.
40 truths about crypto and crypto twitter:
A thread from someone who’s spent every day in this community for the past 4 years. 🧵
(Meme credit @JohnWRichKid)
1/ EU 🆚 Lightning Network
Will the EU miss the opportunity for more sovereignty in payments? That would be tragic, especially after the European Payments Initiative #EPI has failed. EU parliaments recent #TFR draft looks very frightening. A 🧵.
A really dramatic example of the Leidenfrost effect
the moisture on his skin boils instantly, forming a layer of steam that insulates for a very short time, a temporary barrier between this person and the molten metal
1/ This crazy year is almost over and so it’s time to do a little retrospective. This 150-page report is full of charts, timelines, infographics, maps, etc. It’s the work of 30 research analysts we now have at The Block. Let’s dive in:
Download here: https://t.co/qe0QGDkGn2
I know there’s a paywall so I will post the article here as well. Outlined is how my military service has been used against me to paint me as someone that is a threat despite having no criminal record. Also outlined is how I’ve been held at gunpoint unarmed three times now
I've now made about 1,000 infographics/visuals to explain #Bitcoin over the last few years.
Based on feedback, here are the ones that are most effective for teaching others.
THREAD.
Ein Architekt entwirft ein Konzept für zwei Türme in Wien, die aussehen wie ein auseinandergebrochener Quader. Schön!
Der erste wird errichtet - der zweite durch einen öden 1980erjahre-Quader ersetzt? Wien, du warst mal Architekturstadt, was ist passiert? https://t.co/3U5WE6sf6C
OK ITS HAPPENING 🤯🤯
A drone based infrared thermal imaging scanner deployed in the quarantined residential (the video said is under testing)
Epidemic and war are the two major drivers push what seemly surreal/peripheral techologies into a mainstream, as always