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Baylor Myers
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Baylor Myers
@BaylorMyers
Corporate Development @BitGo ($BTGO) Trump 45 @USTreasury.
Columbus, Ohio Katılım Mayıs 2018
496 Takip Edilen488 Takipçiler
Baylor Myers retweetledi
Perhaps the Biden-era lawsuits were so numerous because they were frivolous, unlawful, and politically-motivated, rather than merited.
Someone who led the taxpayer-funded bailouts of America’s auto manufacturers should be familiar with the importance of nuance.
Steven Rattner@SteveRattner
When it comes to crypto, the fox is in charge of the hen house. The Trump admin has ended dozens of SEC crypto investigations—to the direct financial benefits of his family members and friends. My @Morning_Joe Chart.
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Baylor Myers retweetledi
Baylor Myers retweetledi
251 years ago today, the shot heard ‘round the world kicked off the Battles of Lexington and Concord - and lit the fuse of the American Revolution.
Captain Parker’s words to his 77 Minutemen as they faced 700 British Redcoats at Lexington Green capture the American spirit ⬇️🇺🇸
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Thanks to @Citi for hosting Navigating the Next Evolution of Financial Market Infrastructure. Good group and solid conversations.
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Baylor Myers retweetledi
The dominant players in almost every crypto vertical are foreign. Stablecoin issuer, centralized exchange, DeFi protocol, etc.
Without a durable market structure framework in place, the US will continue to fall behind in the digital assets race.
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Baylor Myers retweetledi
Stablecoins are one-to-one backed. No fractional reserve. No chance of a bank run.
BitGo CEO @mikebelshe joined the @BitcoinForCorps Show to make the case for why stablecoins are fundamentally better for payments than banks ever were. BitGo's Stablecoin-as-a-Service clients get audited twice a month.
Most banks can't say the same.
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Baylor Myers retweetledi
It's time to pass the Clarity Act.
Chris Dixon@cdixon
Congress has worked tirelessly to give builders the rules they need. It’s time for members of the Senate on both sides to hammer out the final details of the Clarity Act. When rules are defined, both consumers and entrepreneurs win. The GENIUS Act unlocked stablecoin innovation. The Clarity Act can do the same across crypto.
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Baylor Myers retweetledi
Crypto has been clamoring for CLARITY. Much tireless work by countless staffers and Members for years.
Time for Congress to finish the job — and let CLARITY do for the rest of crypto what GENIUS did for stables.
Treasury Secretary Scott Bessent@SecScottBessent
Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance. It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk. Senate time is precious, and now is the time to act.
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Baylor Myers retweetledi
Project Crypto is designed so once Congress acts, @SECGov & @CFTC are ready to implement the CLARITY Act.
@SecScottBessent is right. It's time for Congress to future-proof against rogue regulators & advance comprehensive market structure legislation to President Trump's desk.
Treasury Secretary Scott Bessent@SecScottBessent
Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance. It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk. Senate time is precious, and now is the time to act.
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Baylor Myers retweetledi
The GENIUS Act, signed by President Trump last year, established U.S. leadership on stablecoins.
The CLARITY Act, also known as market structure legislation, would do the same for all other digital assets by providing clear rules of the road.
Secretary Bessent is right: the time to act is now. Senate Banking, and then the full Senate, should pass market structure.
I’m confident that they will. And then President Trump will sign this landmark bill into law.
Treasury Secretary Scott Bessent@SecScottBessent
Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance. It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk. Senate time is precious, and now is the time to act.
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Baylor Myers retweetledi
I couldn’t agree more with @SecScottBessent. It’s time to future-proof digital asset markets in America with legislation that can’t be undone by rogue regulators under a new administration. @SECPaulSAtkins and I stand ready to implement CLARITY.
Treasury Secretary Scott Bessent@SecScottBessent
Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance. It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk. Senate time is precious, and now is the time to act.
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Baylor Myers retweetledi
Read my full thoughts in the @WSJ: wsj.com/opinion/digita…
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Baylor Myers retweetledi
Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance.
It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk.
Senate time is precious, and now is the time to act.
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Baylor Myers retweetledi
Baylor Myers retweetledi
“The yield prohibition in the GENIUS Act—and its proposed reinforcement through the CLARITY Act—may be motivated by the concern that competitive stablecoin returns will draw deposits out of the banking system and contract lending. Our model shows that this concern is quantitatively small.”
Adam Minehardt@adam_minehardt
Long awaited @WhiteHouse report from the Council of Economic Advisors on impact of yield prohibitions on banking sector. CEA built a financial model to look at the cost-benefit of such a prohibition and reached the following conclusion: "The conditions for finding a positive welfare effect from prohibiting yield are similarly implausible. In short, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings." Full report here: whitehouse.gov/research/2026/…
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Baylor Myers retweetledi
🚨JUST IN: The White House Council of Economic Advisers has released its study on stablecoin yield and its potential impact on deposit flight and bank lending — the same report I noted last month that Senate Banking lawmakers were pressing the White House to release.
The TLDR: Banning stablecoin yield would do little to boost bank lending, impose costs on consumers, and concerns around deposit flight are overstated.
The data: At baseline, eliminating yield increases lending by just 0.02% (~$2.1B) and results in a net welfare loss.
On deposit flight: The report finds those concerns are “quantitatively small,” noting most stablecoin reserves remain within the banking system, with only a limited share truly removed from lending activity.
“In short, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings,” the executive summary reads.
Link to the report below ⬇️
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Baylor Myers retweetledi
Introducing BitGo Mint, giving institutional clients a single destination to mint, redeem, and manage stablecoins and other digital assets natively within the BitGo platform.
At launch, BitGo Mint supports USD1, from @worldlibertyfi and @SoFi's SoFiUSD, with plans to expand to a broader range of digital assets over time.
Read the full announcement: businesswire.com/news/home/2026…
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We are very proud of our strong partnership with @worldlibertyfi & @ZachWitkoff @zakfolkman @WatcherChase — onward!
Zach Witkoff@ZachWitkoff
USD1 is now supported on BitGo Mint. @BitGo built this product for institutions who require military-grade custody for high-volume flows. 💪🦅
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Baylor Myers retweetledi
Prediction markets are exploding. But until now, institutions had no simple way in.
BitGo Prime's OTC Desk lets you trade event contracts across elections, sports, macro, and crypto outcomes using collateral you already hold. $BTC, $SOL, $USDT, $USDC.
No retail platforms, no need to sell your existing positions.
Make your first prediction: bitgo.com/products/predi…
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Baylor Myers retweetledi
When @BitGo wallets are used in default configuration, they're as quantum-secure as possible without protocol-level changes to Bitcoin itself. We never reuse addresses and create new change addresses for every spend. No address reuse = your public key is never exposed. That's the key.
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