Rishab$Rai

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Dorm's first D.C. policy trip included a visit with the @SECGov's Crypto Task Force, where six students presented on an array of topical issues: - @overminn (@txblockchain) & @JuliasOrbit86 (@CUBlockchain) on token networks as capital formation tools - @jhandlerMB (@MichBlockchain) & @rishabsrai (@USCBlockchain) on on-chain credit + mortgage markets - @hugookada (@USTABlockchain) & Osian Guthrie (@USTABlockchain) on stablecoins + yield dynamics Hear their post-meeting thoughts👇 (official agenda here: sec.gov/files/ctf-memo…)

Visited DC w/ 6 of our outstanding @Dorm_DAO students, hailing from @CUBlockchain, @txblockchain, @USTABlockchain & @MichBlockchain Each student, strategizing their own career in crypto, but facing much of the same regulatory uncertainty that has influenced the way all founders have built in our space for the past 10 years. The trip allowed our students to ask real questions of the folks shaping the future. to chat intimately with policy advocates, lawmakers and regulators on the steady crypto reg progress being made in Washington. A few notes on our visits crisscrossing DC: Our first stop was @BlockchainAssn & @SolanaInstitute. @DanSpuller, @SummerMersinger and the BA team have dedicated much of their careers to advocating for the collective industry. It's clear they understand the responsibility that comes w/ being crypto's unified voice in DC. they are working hard - among a wide array of competing priorities - to ensure all of crypto can win under this government regime. it's a tall task, but simply meeting with their team, it's clear how locked in they are on the opportunity. We heard from @thecolinmclaren & @RachelGreenHorn, who are committed to educating policy makers on the core promises of blockchain-based technology, within the Solana eco, and the larger space. Also got a chance to swing by the @HyperliquidPC's office, tucked away inside the BA's floor. a small but mighty team, led by @jchervinsky, quietly plotting a path to bringing Hyperliquid's powerful engine to US investors. pretty cool to see in action. Next was the @SECGov's Crypto Task Force, where our students presented to @HesterPeirce's staff on three important topics: 1. stablecoins + yield dynamics 2. on-chain credit + mortgage markets 3. token networks as capital formation tools Special shoutout to @overminn and @JuliasOrbit86 for courageously walking SEC staff through the "OpenAI token" scenario - a fairly radical idea w/ real implications. (agenda here: sec.gov/files/ctf-memo…) One thing i'll say about the task force: @HesterPeirce and Taylor Lindman have assembled an excellent staff that not only deeply understands the intricacies of our industry's core products & services, but are now honing in on the exact sequence of levers to give the industry's capital markets the clarity we've all been asking for. After lunch, we made a quick stop at Chairwoman @RepLisaMcClain's house leadership office - the "command center" of the @HouseGOP. among (quite literally) a million different agenda goals, it was notable to hear the Chairwoman's staff articulate a real sense of urgency around the passage of CLARITY - not a given after months of brutal senate deadlock. Our last stop was the @CFTC, where we met with staff from the newly formed Innovation Task Force, led by @passalacqua_mj. we engaged in a wide ranging discussion, covering compute markets, token mechanics, CFTC's federal jurisdiction, cooperation w/ international counterparts and AI's potential job displacement. There was something astonishing about regulators willing to explore these emerging topics in real time, rather than just reacting to them after the fact. I left w/ the sense that many of these conversations will materialize in action much earlier than most folks realize. All-in-all, what stood out was not any single meeting, but a broad-based push - by crypto-native experts - to make the most of the opportunity set in front of us. And optimism that we are on the precipice of real progress in the convergence of policy, capital markets and distributed systems. Bullish @MichaelSelig/@passalacqua_mj's team, Bullish @RepLisaMcClain team, Bullish @HesterPeirce's team, Bullish @SummerMersinger/@DanSpuller's team & bullish AI, Crypto and America. 🇺🇸

The Southern California Blockchain Conference hits USC on April 22-23. VIP keynotes. Deep-dive panels. Interactive expo. Epic hackathon finale. Expert workshops. Free merch & more. RSVP Today! 👇 luma.com/kdfrx7je

The SoCal Hackathon is coming. $25,000+ in prizes. 6 partner schools. One stage at USC. Build virtual Apr 13-20. Top teams present live Apr 23 at SCBC. Open to everyone. Details dropping soon. Get your SCBC ticket now: luma.com/kdfrx7je #SCBC2026 #BlockchainHackathon #Web3

@0xBlockchainSC @SebastianJ90455 @tradinggainz500 @tether @tethergold

@0xBlockchainSC @SebastianJ90455 @tradinggainz500 @tether @tethergold

With the volatile macro environment, we feel that analyzing on-chain gold is more important than ever. Our team @sebastianJ90455 @tradinggainz500 @rishabsrai broke down how @tether @tethergold $XAUT works. 👇 drive.google.com/file/d/1hKzLhs…

@brian_armstrong bro im saying ts too, for example heads can use polysci.capital ; ts allows ppl to show support to candidates via crypto donations with full compliance to fec regs w/out needing centralized superpacs🏌️‍♂️🔊‼️

The thing about crypto is at some point even all the haters will be using it every day, and they won’t even realize it

4/29/25: Blockchain & United States Lobbying Laws: An Underdeveloped Enterprise with Underdeveloped Regulations medium.com/p/blockchain-u…

@circle IPO signals growing institutional appetite for RWAs. As the world’s largest asset manager with $11T+ AUM, BlackRock has been rapidly adopting the RWA space with its BUIDL token. Here's the quick analysis: 1. BUIDL Revenue Model BUIDL (BlackRock USD Institutional Digital Liquidity Fund) is a tokenized fund backed by US T-bills, cash, and repo agreements. - ~4.3% annual yield (aligned with mid-2025 T-bill rates) - $1.7B AUM = ~$73M yearly revenue - Interest paid daily as dividends, converted into more BUIDL tokens for holders. 2. BUIDL Deployment Designed for institutions, BUIDL minimizes crypto risks: - $5M minimum investment, strict KYC/AML compliance - Pre-approved wallets enable secure trading and liquidity - BlackRock showcases blockchain tech without alienating traditional clients. 3. RWA Stability BUIDL tokens are backed by stable assets (T-bills, cash, repos), ensuring $1 peg with minimal volatility. Ondo Finance has integrated BUIDL, enabling: - Instant settlements - 24/7 trading - Seamless redemptions 4. Beyond BUIDL: The Big Picture Rumors suggest BlackRock aims to tokenize $5-10T of its portfolio by 2030. RWAs could counter de-dollarization fears: - Tokenized USD-backed assets reinforce the dollar’s dominance. - On-chain RWAs priced in USD blend innovation with stability, supporting US financial leadership.