Diana
97K posts
@InvestWithD
Crypto Enthusiast | XRP & XLM Advocate | Breaking the Latest Crypto News | Insights on #Blockchain & #CryptoTech 🌐 | No Financial Advice 🙅🏻♀️
🚨UPDATE: Senate Will RETURN From Recess NEXT MONDAY On June 1 — They Will Hold TWO Pro Forma Sessions On May 26 & 28 👀 We will have any information whether the Clarity Act can have a window during June only next Monday. I'll keep you updated.
+21% INCREASE WHEN MARKET IS DOWN 😳 WHAT IS $XLM DOING 🤯
15 zeros and counting. TradFi numbers, onchain.
This is an odd clip. I find it hard to believe that the CEO of a major BBB could be this uninformed about a major piece of financial legislation. The Clarity Act “doesn’t do anything for AML/BSA.” Really? Have you read Titles II or III? “It allows them to effectively pay interest on deposits.” False. Section 404 explicitly prohibits digital asset companies from paying any form of interest or yield on a stablecoin balance in a manner that is “economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.” It is becoming increasingly clear that bank opposition to the Clarity Act is more about personality than policy.
JUST IN: 🇺🇸 Scott Bessent says the U.S. Government has "seized $1 billion of Iran's #crypto".
🚨NEW: JPMorgan CEO Jamie Dimon took aim at the Senate's crypto market structure bill today, arguing it "doesn't do anything for AML/BSA" and provides "almost no legal protections." When asked for comment, a spokesperson for @SenLummis told me: "The banks can’t deal with a bipartisan compromise on stablecoin yield and are making completely false claims about BSA/AML as a last ditch attempt to poke holes in a solid piece of legislation that protects consumers. Fear of competition always brings out an interesting side of people and that’s all this is.”
🚨DTCC TO ROLL OUT 24/5 TRADING AS OF MONDAY! In just 4 days, @The_DTCC begins rolling out 24/5 trading for U.S. equities. As always-on markets are becoming reality. Following their huge $XLM partnership, the financial system is rapidly evolving!
In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment. This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.
