@safnav ☀️
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$XRP: Ripple SVP of Stablecoins Jack Mcdonald breaks down why this moment "feels different" for stablecoins, and the possibility of using them as a "cross-asset class margin tool" – $RLUSD 👏

We agree. Thank you @SecScottBessent for saying it. It's time to pass the Clarity Act. Grateful for all the bipartisan work among Senators and staff over the past several months to make this a strong bill.


🚨🇺🇸🇮🇷 Tomorrow is the deadline. Here are the scenarios... Trump said Tuesday is "Power Plant Day and Bridge Day." Iran said no deal. Something has to give. Here's what could actually happen: Scenario 1: Iran blinks. Tehran accepts some version of a ceasefire, perhaps reopening Hormuz partially or allowing monitored shipping. Trump declares victory. The most optimistic outcome but the least likely given U.S. intelligence says Iran believes it has the upper hand and doesn't trust Washington at all. Scenario 2: Trump finds a reason to delay again. He's already pushed this deadline multiple times. Iran offers a small concession, maybe more Pakistani tankers through Hormuz, and Trump takes it as a sign of progress. Both sides may even quietly agree on this. It buys time without either side losing face. Scenario 3: Trump declares victory and walks away. He already told aides he'd leave with Hormuz closed. He could frame the military damage as mission accomplished, claim the new regime is "more reasonable," and punt Hormuz to an international coalition. Iran keeps the Strait. Trump keeps the narrative. The world cleans up the mess. Scenario 4: Trump goes all in. He's threatened this repeatedly and delayed every time. But the rescue mission may have emboldened him. Former aides say his confidence in his own judgment has grown. If he strikes power plants, 85 million Iranians lose electricity. Iran's response would likely be the most devastating of the entire war: desalination plants, Bab el-Mandeb, every bridge on their published target list. A retired CENTCOM commander thinks pressure will eventually work. U.S. and allied intelligence say the opposite: the new Supreme Leader is harder line than his father, and the IRGC is gaining authority, not losing it. Over a month in, Trump is still asking the same question he asked on day one. Why haven't they just given in? Tomorrow we find out what happens when that question still has no answer. Source: NYT, WSJ


Coinbase

Coinbase still isn't onboard... 👀

The CLARITY yield deal announced on Friday has finally dropped. Result: no yield on balances. Rewards on activity only. Banks won the argument. Plus DeFi oversight and a ban on Trump personally profiting from crypto still need resolution. The bill is alive but the fine print is not what the industry was hoping for.

JUST IN: USDC stablecoin issuer Circle $CRCL stock crashes 18% today.

JUST IN: USDC stablecoin issuer Circle $CRCL stock crashes 18% today.













