Sue River

🚨 HUGE: U.S. AND UK ISSUE JOINT STATEMENT ON STABLECOINS The U.S. Treasury and the UK issued a joint statement calling for stablecoins to be fully backed by liquid assets. They also emphasized the potential role of stablecoins as settlement instruments across securities and commodities markets. The two countries added that they will continue coordinating on stablecoin policy as adoption accelerates across the global financial system.

"My commitment to you is to take sticky prices and to unstick them," Warsh says in a testimony to Congress on Tuesday.

🚨 NEW: Kevin Warsh says the Fed should stay out of the bailout business, including for crypto.

🇺🇸 NEW: FED CHAIR KEVIN WARSH SAYS, "WE DO NOT WANT TO BE IN THE BAILOUT BUSINESS, FULL STOP." 👀 "WE'RE NOT BAILING OUT ANYBODY INCLUDING CRYPTO." ✊

🚨 JUST IN: The American Bankers Association and 77 banking groups are urging lawmakers to tighten the CLARITY Act’s stablecoin yield provisions ahead of its July 17 House hearing.

LATEST: The American Bankers Association and 76 state banking groups write to Senate leaders demanding stronger guardrails on stablecoin yield in the CLARITY Act, warning current language could trigger deposit flight from community banks.

🇬🇧JUST IN: The UK adopts “no gain, no loss” tax rules for crypto lending and liquidity pools. Starting April 6, 2027, users will generally not owe Capital Gains Tax simply for depositing crypto into eligible DeFi arrangements. Tax will instead apply when users actually make an economic gain or loss. The change is expected to affect around 700,000 people.

“The safest way to get what you want is to try and deserve what you want.” ~ Charlie Munger

Warren Buffett: "Interest rates are the basis of all value." "If you knew interest rates were going to be zero for a hundred years, you would think 1% was a great rate of return. But you also would know if you bought something yielding 1% and rates went to 8%, you'd lose practically all of your capital." "It's an enormous factor, [but] we don't know the answer." (CNBC || 2020)

BREAKING: President Trump has formally notified US Congress that the US is at war with Iran, per Politico. Details include: 1. The move gives Trump another 60 days to use the military in the region without congressional approval 2. Trump said strikes that began on July 7th represent "military action consistent with my responsibility to protect Americans and US interests both at home and abroad" 3. Trump also just said that he will "hit Iran hard" tonight amid mounting tensions The Iran War appears to be back again.

Every technological shift creates new financial rails. The internet created e-commerce. Mobile created digital payments. Bitcoin is creating infrastructure for digitally native capital.