🇮🇹 Giampaolo 🇬🇧
12.5K posts

🇮🇹 Giampaolo 🇬🇧
@gp_squadr
learning to wait



TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets. This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets. Read the release here: ow.ly/XhhV50YvxvO



Digital assets are entering a new phase. What once ran in parallel to existing financial systems is increasingly being applied to solve practical, real-world needs — often behind the scenes – from cross-border remittances to B2B money transfers. This creates new opportunities to add value in how money moves globally. Today, we introduced the Mastercard Crypto Partner Program — a global initiative that brings together more than 85 crypto-native companies, payments providers, and financial institutions. Together, we're creating a forum for meaningful dialogue and collaboration as this space continues to mature.

I still vividly remember the early days at @Ripple and a small side-event during Money 2020 in Las Vegas. Stefan Thomas was presenting a groundbreaking vision for the Ripple ledger: building in "programmable money" so we could run all kinds of decentralized applications. Vitalik was there, hanging out with our crypto masterminds, diving deep into the concept of a trusted compute engine. We were even going down to Google headquarters in Palo Alto, working with their secure compute team to figure out how to execute code in a completely trustless way on the Ripple system. Organization grew so rapidly, a strategic pivot was only a matter of time. The decision was made to freeze the XRP protocol. The business focus shifted entirely to building extremely stable, bank-grade technology for payments and settlement. Smart contracts were sidelined. At that exact point, Vitalik launched Ethereum. The people behind Ethereum understood absolutely that programmable money and trustless execution were going to change the world. The lesson here is profound: the value of having code that is public, auditable, and guaranteed to execute the same way every single time is tremendously huge. It almost entirely eliminates certain categories of risk. When you can let code execute things instead of having to trust people, organizations, or politicians, you reduce the risk of people working together by almost 100%. Trustless computing is the foundation of a completely new financial reality.

















