XL
3K posts
@EXLR8TR
Strongly worded & suppressed like your favorite crypto 🤣 Time waits for no one… #NFA #DeNada #GoodWorks 🤙
Meanwhile, @SenThomTillis, one of the lead negotiators behind the banks/crypto stablecoin yield compromise, told @BrendanPedersen he’s floated “circuit-breaker language” that would effectively act as a backstop by allowing federal regulators to intervene if there was evidence of widespread deposit flight to stablecoins. An interesting nugget: Tillis said adding such language would be a “test” for the banks. If they still oppose the bill with a circuit-breaker provision, he suggested their concerns about deposit flight may have been a “red herring.” x.com/BrendanPederse…
AI agents need a native way to pay. Today, we announced the operational launch of the x402 Foundation to help enable community-based innovation in open payments with initial support from 40 member organizations and institutions. Learn more and join the effort: bit.ly/4eYdqJI
We've been working on the Clarity Act every day for 10 months, and we'll introduce bill text in the next few days — it's time to land this plane. This is about helping law enforcement fight illicit finance, passing consumer protections and keeping these markets onshore in the US.
Just so we’re all clear.. if Clarity Act does not pass, we fall back to agency rulemaking which will be good enough for now. It’ll be difficult to unwind those rules, the law simply codifies them. The law can literally arrive much later.
