Crypto Council for Innovation retweetledi
Crypto Council for Innovation
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Crypto Council for Innovation
@crypto_council
A global alliance of industry leaders dedicated to unlocking the promise of crypto.
Katılım Mart 2021
94 Takip Edilen22.2K Takipçiler
Crypto Council for Innovation retweetledi
Congress is close to finishing the job on market structure legislation.
But two things must be preserved to ensure it supports the crypto community - the GENIUS Act and the BRCA.
Tell your Senator to protect Stablecoin rewards and DeFi developers: standwithcrypto.org/action/call/de…
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Today | 3 PM ET
@_jikim joins @standwithcrypto's @masonlynaugh, @SummerMersinger, @CodyCarboneDC, & @amandatums to give you the inside track on crypto market structure. Tune in 👇
Stand With Crypto🛡️@standwithcrypto
Don’t forget to tune in TODAY at 3 PM ET and get the latest updates on market structure from leaders across the crypto space. x.com/i/spaces/1pKkO…
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Crypto Council for Innovation retweetledi
Good Thursday morning. I’m happy to announce the release of Paradigm’s first poll for this year & our first on prediction markets.
I’ll cut to the chase. Over a third of American voters have already used prediction markets, either to put money on them or to browse them for info.
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Crypto Council for Innovation retweetledi
Important point. GENIUS-compliant stables aren't draining deposits, they can and will create them. Continued global demand for USD means foreign capital flows into U.S. banking and Treasuries via regulated issuers.
This shouldn't be a crypto vs. banks issue. The real question is how to ensure U.S. regulated stables win the global dollar competition and further cement the dollar's role as the dominant global reserve currency.
Patrick Witt@patrickjwitt
Lost in the rewards/yield debate is how GENIUS-compliant stablecoins will actually lead to deposit inflows. Global demand for USD is massive. Foreigners exchange local currency for stablecoins from a US-based issuer. That is net new capital entering the American banking system.
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Thank you Chairs @SECPaulSAtkins and @ChairmanSelig for your dedication to harmonizing regulatory efforts to improve efficiency, provide clarity, and promote investor and customer protections. Evolving financial markets and new technologies make increased coordination and collaboration key to effective regulation and oversight. CCI looks forward to being a resource to the @SECGov and @CFTC to achieve the goals in the MOU, including establishing a fit-for-purpose regulatory framework for crypto and other emerging technologies.
Mike Selig@ChairmanSelig
The days of turf battles between the @CFTC and @SECgov are over. @SECPaulSAtkins and I are working together, and today’s Memorandum of Understanding solidifies our efforts to achieve our mutual goals of harmonization. Read the full MOU ⬇️ cftc.gov/PressRoom/Pres…
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Crypto Council for Innovation retweetledi
🎯
The CLARITY Act has always been about innovation, consumer protection, and fostering competition, so that the 🇺🇸 can continue to lead in finance and digital assets. That must not change.
Patrick Witt@patrickjwitt
The CLARITY Act must remain a pro-innovation piece of legislation. Attempts to hijack the legislative process and turn it into an anti-competition bill are shameful.
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CCI’s global policy work continues. Last night, policymakers & CCI members joined our Brussels Crypto Café for substantive conversations on the EP digital assets report, Market Integration & Supervision Package, and more! Grateful for these candid conversations and engagement.
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CCI appreciates and supports the Senate’s inclusion of language to explicitly prohibit the Federal Reserve from issuing or creating a CBDC in the 21st Century ROAD to Housing Act.
Legislative certainty on this subject will help foster the private-sector innovation driving U.S. leadership in digital assets while protecting Americans’ privacy.
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Crypto Council for Innovation retweetledi
Congratulations to CCI member @krakenfx on this significant milestone. Kraken has long been a pioneer in integrating crypto (and its infrastructure) with traditional financial system and rails -- from being one of the first companies to pursue a WY SPDI to working with regulators globally and serving as a leading voice for our industry. As a former Krakenite, it's great to see the company's continued success and pioneering ways.
Kraken@krakenfx
A historic moment for crypto. Kraken Financial has been granted a Federal Reserve master account, making us the first digital asset bank with direct access to the U.S. payments system. A major step toward connecting crypto infrastructure with the core rails of global finance. blog.kraken.com/news/federal-r…
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Congratulations to CCI member @krakenfx on this milestone. 🚀
Kraken@krakenfx
A historic moment for crypto. Kraken Financial has been granted a Federal Reserve master account, making us the first digital asset bank with direct access to the U.S. payments system. A major step toward connecting crypto infrastructure with the core rails of global finance. blog.kraken.com/news/federal-r…
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Crypto Council for Innovation retweetledi
Thank you @POTUS for remaining committed to ensuring American leadership in digital assets. It is imperative that the U.S. leads. CCI is focused on ensuring that market structure legislation passes and is enacted as soon as possible. We remain committed to working constructively on a path forward on stablecoin rewards.
Rapid Response 47@RapidResponse47
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Crypto Council for Innovation retweetledi
Congrats to @crypto_council member, @SoFi, on this exciting partnership with Mastercard. SoFiUSD will now serve as a settlement currency across Mastercard's global network network, enabling issuers / acquirers to help millions of businesses to instantly settle transactions 24/7. 🔥
SoFi@SoFi
Today, SoFi and @Mastercard announced an enhanced partnership to enable SoFiUSD as a settlement option across Mastercard’s global payments network. “SoFiUSD as a settlement currency across Mastercard’s network enables issuers and acquirers to help millions of businesses instantly settle transactions, 24/7.” – @anthonynoto Join us as we build for the next era of finance. Learn more here ⬇️sofi.com/crypto/sofiusd/
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Big congrats to @masonlynaugh on becoming Executive Director of @standwithcrypto. His work in building and organizing a robust advocate community has made a real impact in advancing thoughtful digital asset policy. We look forward to what’s ahead. 🚀
Stand With Crypto🛡️@standwithcrypto
1/ We’re thrilled to announce that @masonlynaugh has been named executive director after more than 2 years leading our national grassroots strategy as community director. He helped grow SWC’s community to 2.7M+ advocates nationwide — and in this new role, he’ll continue expanding our membership, influence, and impact in Congress and at the ballot box.
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Crypto Council for Innovation retweetledi
This is ridiculous. @patrickjwitt and the White House have been leading, undergoing herculean efforts, and moving things forward with haste, substance, and in good faith. Any suggestions to the contrary are completely inaccurate. The digital asset industry remains at the table, negotiating in good faith and in a constructive manner.
Sander Lutz@sander_lutz
New: The White House wanted a deal on stablecoin yield done by this weekend. Will that happen? No, a banking source with direct involvement tells me. "Patrick Witt made the unfortunate error of going out to the press and saying he'd get this done before March. It's not going to get done before March," the source said. The crypto and bank lobbies are still far apart on the issue of yield, which is holding up a crypto market structure bill. "Is there language circulating? Yes. Is the language close? No," the source said. "We're not close to a bill." "I think that there's a very real likelihood that this thing falls apart unless Brian Armstrong comes to the table," the source added, referring to the Coinbase CEO, who has been adamant that stablecoins can generate yield for users. The source emphasized that the banks want a deal here, but figure chances of passage could drop to near-zero in the next month.
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Today @RepFitzgerald, @RepBenCline, and @RepZoeLofgren introduced bipartisan legislation to provide critical protections for software developers. Please see CCI’s CEO @_jikim ’s statement of support:
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CCI returned to the White House today to discuss stablecoin rewards within market structure legislation and a clear path forward. Thank you to the @whitehouse @patrickjwitt and fellow participants. Our CEO @_jikim’s statement:
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Watch @RepJoshG at today's @FinancialCmte hearing with @SECPaulSAtkins:
"Digital asset market actors consistently tell us that regulatory fragmentation between the SEC and CFTC creates uncertainty that discourages responsible innovation and drives activity offshore...Can you discuss some of the challenges that market actors face navigating conflicting regulatory frameworks?"
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Our goal has always been to push the limits of what's possible with onchain finance.
We're excited to be working alongside a growing cohort of aligned innovators with CCI ✨
Crypto Council for Innovation@crypto_council
Welcome @AleoHQ, the first blockchain to enable private stablecoin payments and confidential digital asset management.
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We look forward to partnering with these organizations to continue advocating for clear policy frameworks and responsible innovation.
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Welcome to @SolanaInstitute, a non-partisan, non-profit focused on educating policymakers on how decentralized networks like Solana are the future infrastructure of the digital economy.
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At a pivotal moment for digital assets globally, CCI continues to grow with organizations bringing deep technical expertise and real-world experience across the ecosystem. We are pleased to welcome new members to CCI 👋
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