Anders 🏁🌏

Bob Way wrote extensively about the important role of market makers for XRP and especially ODL. I'd recommend everyone to read through these slides. I know it's quite a lot, so it's not for the lazy, but really important to understand role of MM: xrpchat.com/topic/30745-an… /1

This is the moment the crypto industry has been fighting for. A 15-9 bipartisan vote is a monumental outcome - and a clear signal that Washington gets it. Thank you @SenTimScott, @SenAlsobrooks, @SenBernieMoreno, @RubenGallego and all the members of the Senate Banking Committee for getting this done.

@JosephiAdele 👀

Älskar alternativmedia 🤣

JUST IN: 🚨 All three amendments proposed by Senator Elizabeth Warren were rejected during the CLARITY Act vote.

🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks. Next stop: the full Senate.

Sweden's socialist experiment collapsed spectacularly in the early 1990s, forcing politicians to abandon decades of central planning and embrace free markets. The results speak louder than any economic textbook ever could. By 1990, Sweden's government consumed 67% of GDP. The marginal tax rate hit 87%. Capital flight accelerated as entrepreneurs fled to countries that didn't punish success. The krona crashed. Banks failed. Unemployment spiked to 9.9% by 1997. Sweden's welfare state had priced itself out of reality, just as free market economists predicted it would. Then came the great reversal. Sweden privatized telecommunications, postal services, railways, and electricity. Politicians slashed the corporate tax rate from 57% to 22%. They introduced school vouchers, allowing parents to choose private schools with taxpayer funding. They partially privatized pensions, letting workers invest in individual accounts instead of relying solely on government promises. Most importantly, they eliminated wealth taxes and inheritance taxes that had driven capital overseas. The recovery was swift and decisive. GDP growth accelerated. Unemployment plummeted to 6.1% by 2007. Sweden became a tech powerhouse, producing global companies like Spotify and Skype. The Stockholm stock exchange outperformed most European markets. Foreign investment flowed back as Sweden transformed from socialist cautionary tale to Nordic success story. Today's American progressives love citing "Scandinavian socialism" while ignoring that Sweden's prosperity stems from abandoning socialism when it failed. They want the Sweden of 2023 while implementing the policies of 1975.

XDC Network is solving a $15 Trillion problem. I interviewed the Head of Institutional @XDCNetwork: • XDC has acquired Contour Network • Citi. HSBC. Standard Chartered. Infra. • $80M solana:EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v now live on XDC network • $2.5T trade finance gap being solved • New ETF coming for US participants • Only L1 in the International Trade & Forfeiture Association (ITFA) "BOA and JPMorgan are already convinced the plumbing needs upgraded. They just needed a network effect." @XDCFoundation | @TravisJohn | xdce-crowd-sale:native Full interview @Genfinity

@ErlandW4548 @KentEklund Nej, förra året runt denna tid var skillnaden mellan blocken 5%. Nu är skillnaden närmare 11%, så det är stor skillnad. Plus att sannolikheten att L åker ut i valet är stor, vilket det ej var då.

@KentEklund Det är en vanlig undersökning. Ungefär som vid förra valet. Sen kom valet, och där sprack (S)-drömmarna.

Goodbye Tidö.

@THBitcoinBuddha @WilmaEklund5 Visst stämmer det. Dock visade den undersökningen från 2022 att vänstern skulle vinna med 5% skillnad, medans denna visar på ett överläge med 10%.

@WilmaEklund5 Verians barometer för April 2022 visade också att V+S+MP+C skulle vinna...

Folk vill VERKLIGEN inte ha tidöregeringen

Like I said, it all depends on WHAT you tax and also HOW redistribution happens. In the case of Europe, Sweden stands out for not having a wealth tax, inheritance tax, gift tax, estate tax, very low property taxes and low corporate taxes. Also consider the ISK system, where anyone can invest in the stock market without paying any capital gains tax, with zero tax up to roughly €30k and anything above €30k is taxed with a flat tax of roughly 1% of the amount once per year. Few countries in Europe can match this. What a lot of countries would have to do would be raising income taxes for middle and low income earners quite a lot, along with raising VAT a lot (which is a regressive tax). At the same time they would have to remove a bunch of taxes, such as wealth tax, inheritance tax, gift tax etc… and also lower corporate taxes. Of course this would be unpopular but still it’s widely supported in Sweden because regular people receive a lot in return ftom the taxes they pay (universal healthcare, free University, almost free daycare etc). People therefore support the welfare state to a very high extent (over 90% support). Redistribution in Sweden is largely universal, meaning the whole population receive the same benefits. This reduces the feeling on unfairness. As an example in the US, rich people finances welfare for people on low income without them receiving anything back and people with low income pay very little in taxes. This creates a feeling of unfairness and reduces support for redistribution. In Sweden, even low income earners contribute to welfare. The safety net also creates a system where people can take more risk without risking financial ruin. This has a positive effect on innovation.

@X__Anderson @DominicJPino I like the Nordic model. But the average idiot who is parading Sweden as a model to follow, is not considering raisibg taxes of any kind to 40% of GDP.

Okay, fine, let's be a little more like Sweden. 🇸🇪 1/3 of high schools are privately run 🇸🇪 taxes cut three years in a row 🇸🇪 public social spending has fallen as a % of GDP 🇸🇪 debt-to-GDP is 36% 🇸🇪 inflation-adjusted household income 2x since the '90s

@Afinetheorem @ATondowsky Stockholm is second in tech unicorns per capita in the world after Silicon Valley, so I disagree. Europe is not a monolith.

@ATondowsky They also don't have the small fast-growing companies! Indeed, the European tech sector is *more* dominated by very old firms. The fastest-growing cloud provider is a very old grocery store chain...

The Europe/US discourse is very odd. Both are very well off (you hear denials about both!), old European cities and villages are much more attractive, Scandinavia/Netherlands/Switz are very very well off, but productivity+frontier industries are in huge trouble across Europe.

@fsanchez1983 @DominicJPino It’s largely about WHAT you tax, not just the tax level. The high tax rates are mostly on wages and VAT, while it’s low on capital. These are used to fund the welfare state.

@DominicJPino How do you feel about Sweden's tax revenue to GDP ratio? It's over 40%...

@SolutionOrganic @DominicJPino Best capital markets in Europe. More IPOs than Germany, France and Italy combined. Ranked as the second most innovative country in the world.

@DominicJPino How's their stock market doing

Important piece. After Sweden's 1970s-1980s experiment with sky-high taxes and spending brought economic stagnation and a debt crisis... a reformed Sweden is now, in many ways, more capitalist than the U.S. (with strong results). We're falling behind. wsj.com/world/europe/t…

@AlexandroWoonie @DominicJPino Largely because full-time students applying for part-time jobs are included as unemployed in Sweden, making up over half the Swedish youth unemployment rate. This is a better statistic.

@DominicJPino Let’s not

@Rankov1ch @NXT4EU These taxes are not decided on a EU level, each country decide their domestic taxes. Sweden has abolished its wealth tax, inheritance tax, gift tax, estate tax, has one of the lowest corporate taxes in the EU and lacks the overregulation you have in Southern Europe.

What a load of bullshit. The EU are actively talking about wealth taxes, inheritance, capital gains taxes and more. They are literally accelerating the regulations in service industries. It’s not the creating a company that is the difficult part, in any country. It’s actually running it in a hostile environment that is the EU. This misinformation channel is one of the absolute worst on X.

Sweden has surpassed the USA in Billionaires per Capita. They have done so by having a very welcome environment for startups, and stock options that are attractive. EU-inc will streamline this success for the whole of the EU, creating an attractive European startup ecosystem!

🚨JUST IN: The Senate Banking Committee has released the new 309-page draft of the Clarity Act it’s been working on since January. Committee members now have until close of business tomorrow to file amendments ahead of Thursday’s markup.

📌CLARITY UPDATE: Final legislative text of the Clarity Act is expected to be released today and senators must submit any amendments before close of business tomorrow. It's time. Call your senator and tell them to pass the Clarity Act at (202)224-3121!

@uncledoomer Such a weird take.

something fascinating about europe is how nerfed the cities are. you walk around a european city and just feel like nothing can hurt you. like if a tram hit you it would bounce right off. makes it very hard to take europeans seriously. its like they live in a little enclosure

Same week in Forbes: "Is Stockholm the hottest startup city in the world right now?" Probably yes. @paulg flew here to host a massive event for founders. An a16z partner @GEVS94 took nine flights from New York to Stockholm in a single year. Lovable hit $100M ARR in eight months from a small office in central Sthlm. So how did this happen? Talent. Technology is downstream from science, which is a talent game. We have a strong engineering history, and a dense concentration of people in Stockholm who have done the full journey multiple times over the last 20 to 25 years. They build new companies, write the first checks into others, and drag founders into their networks before those founders even know they need the introduction. Capital. Stockholm is the capital of capital in Europe. From angel investing to EQT and Nordic Capital at the top of private equity, to the large consolidated pension funds that anchor late-stage equity and debt. The stack is almost (bar from late stage growth capital) full. Regulations. The regime is predictable, which matters more than people admit. We still need better employee incentive schemes and a cleaner path for skilled foreign talent to come and stay. But the current government is genuinely supportive of the builder community, and that's not nothing. Culture. Swedes love when other Swedes succeed, and not just in sport and music. Also in business. That's different from most of Europe. Make a lot of money, but don't flash it, don't act like you're better than anyone else. The flywheel is spinning faster than it ever has. More people building from more backgrounds. International capital here every week hunting for the next Lovable.

Sweden’s AI startups are flying. Stockholm has the highest concentration of unicorns outside Silicon Valley and, attracts more VC per capita than any European hub. What's its secret? forbes.com/sites/alisonco…