Tiger⭕️

🚨NEW: Per sources in the room, today’s stablecoin meeting was smaller than last week and included reps from @coinbase, @Ripple, @a16z, plus trade groups @BlockchainAssn and @crypto_council. No individual bank reps attended — bank voices were represented via trade associations @ABABankers, @bankpolicy and @ICBA. Public statements from attendees are once again being described as “productive” and “constructive.” But what does that actually mean? Sources say there was a notable difference today: the White House took the lead in driving the discussion, rather than letting crypto firms and bank trades steer the discussion, as in prior meetings. White House Crypto Council Executive Director @patrickjwitt brought draft text that served as the central focus of the conversation. The language acknowledged concerns banks raised in last week’s “Yield and Interest Prohibitions Principles” document, while making clear that any future restrictions on rewards would be narrow in scope. Earning yield on idle balances, a key crypto industry goal, is effectively off the table. The debate has narrowed to whether firms can offer rewards linked to certain activities. One crypto-side attendee told me bank concerns appear to stem more from competitive pressures than from deposit flight, which had been framed as the original worry. A bank-side source told me they’re still pushing to include a deposit outflow study in the draft — one that would examine the growth of payment stablecoins and their potential impact on bank deposits. The same source said they were encouraged by proposed anti-evasion language that would give the SEC, Treasury, and the CFTC authority to enforce a ban on paying yield on idle balances, with civil monetary penalties of $500,000 per violation, per day. So what’s next? Bank trade groups will brief their members on today’s discussions and gauge whether there’s room to compromise on allowing crypto firms to offer stablecoin rewards. One source said an end-of-month deadline doesn’t seem unrealistic, with talks set to continue in the coming days.

🚨NEW: Attendees at this morning’s meeting will include @iampaulgrewal from @coinbase, @s_alderoty from @Ripple, and @milesjennings from @a16z, plus some banking and crypto trade reps.

$XRP - hitting GREY BOX for the 3rd time after we took profits twice at $3.37!🎯(posted on Patreon since last year!) Glad we knew📉was coming (patience was key!) Im only buying w/in PINK BOX! (which is WAY below $1) Monthly close tonight! RT for updates on X! 35% in profit but still holding 65% for next rise or for next cycle! No, I DO NOT KNOW WHAT I HOLD.. but its just for "investment" purposes 🤣😂 #XRPArmy #XRPCommunity

@SirRobArtII1 You feel XRP will drop lower ?

@SirRobArtII1 We just topped out. Bear market just started.