WHY WOULD COMMUNITY BANKS add not one but *two* layers of intermediaries + costs, plus take *two* layers of third-party risk, when #stablecoin tech is peer-to-peer and community banks can access it directly??? https://www.wsj.com/finance/currencies/stablecoin-crypto-fiserv-smaller-banks-aa9049ea?gaa_at=eafs&gaa_n=ASWzDAgDcqB42eXG0jEnD05ZFO3xhHvOGz8g9qlCWDBaLbGahONYLf3ReYLBjxSeCUE%3D&gaa_ts=685963b3&gaa_sig=2c4eR_lA6HljfnZDLBalDgKnUiELyJZkOQZ0ebJ3Wvq6NKMI4BfPozYGUqG8a8SUakRzb36ofmrAvlHKamFkKA%3D%3D
Some equity capital markets bankers have some ‘splaining to do👇—not the first time a #crypto-related IPO was massively underpriced. Limited data set, ofc, but #WallSt still fundamentally underestimates crypto & this is just another example of that fact. https://www.barrons.com/articles/circle-crcl-ipo-stock-ticker-price-usdc-81a10761
OLDIE BUT GOODIE—Dr Singh sent it to me again today & it has aged well: “Central bank reserves could be a better option for backing stablecoins than Treasuries, say Manmohan Singh, Caitlin Long and Charles Kahn”👇 https://www.centralbanking.com/fintech/7892256/interoperability-of-stablecoins
WELCOME BACK, @TraceMayer! It was fun interviewing you about your 7 network effects #bitcoin thesis on stage today, as your 10-year old predictions have come true with remarkable prescience. We missed you—and the hard-core bitcoiner crowd agreed, wouldn’t you say @frankcorva?!
BE SECURITY AWARE at @TheBitcoinConf: ❌--don't click on QR codes (assume they're all malicious) ❌--don't use wifi (assume even the hotel wifi is spoofed--I just noticed one that likely is) ✅--watch your drinks (don't drink anything that hasn't been in your direct sight)
SOLD OUT #WomenofBitcoin brunch 🧡 again this year! 500 ladies are here + the wait list is long. Awesome to run into @CarlaGericke & to reminisce about the old days when #bitcoin was a counter-culture, niche phenomenon & we debated at @PorcFest about whether it’d go mainstream.👊
“Wyoming is recognized internationally for its progressive, clear & responsible #digitalasset legislation, having passed more than 35 bipartisan laws covering everything from DAOs to digital identity and custodial standards.” —Rothfuss & Singh👇 https://wyofile.com/wyomings-bipartisan-leadership-on-digital-assets-is-a-model-for-the-nation/
LIVE NOW -- @custodiabank's partner, @Vantage_Bank, talks to @AmerBanker about our tokenized bank deposit transactions using #stablecoin rails to move actual bank-issued dollars.
Banks issue dollars; non-banks issue claims to dollars 💡
TOMORROW @Vantage_Bank CEO Jeff Sinnott & I will speak about our tokenized bank deposit transactions at @AmerBanker's #stablecoin virtual summit (it's free👇). Join & decide whether you agree with @TEXASOL61 that Vantage & @custodiabank are onto something! https://conference.americanbanker.com/event/AB-Crypto-Virtual-Summit/summary?_gl=1*kaganx*_gcl_au*MTYzNTA0NjI4MS4xNzQ3NzgwNDAy
Local Wyoming press on the stablecoin bill & @SenLummis achievement: https://cowboystatedaily.com/2025/05/20/big-win-for-lummis-as-crypto-bill-clears-senate-hurdle-on-second-try/
WOW, NYT wrote a fair story on #debanking 6 months after the term went viral by @pmarca on @joerogan--but it buried the lede at the very end (the Fed's own secret policy to debank any bank engaged in "controversial activities" which @SenLummis revealed). https://www.nytimes.com/2025/05/15/business/trump-debanking-crypto.html
From @CryptoHayes — @TFL1728 & @SantiagoAuFund you guys will appreciate this 👇 from his new essay, “Fatty Fatty Boom Boom” https://medium.com/@cryptohayes/fatty-fatty-boom-boom-52e47a03f487
🔥 -- the SEC chairman's recognition that self-custody might satisfy the SEC custody rule is 🔥👏👇 https://www.sec.gov/newsroom/speeches-statements/atkins-remarks-crypto-roundtable-tokenization-051225
FIRST, DEMOCRATS KILL THE STABLECOIN BILL; THE NEXT MORNING THIS STORY BREAKS: @facebook getting back into #crypto payments: 🤔 https://fortune.com/crypto/2025/05/08/meta-stablecoins-exploration-usdc-circle-diem-libra/
🚨 "OCC Clarifies Bank Authority to Engage in Crypto-Asset Custody and Execution Services" https://www.occ.treas.gov/news-issuances/news-releases/2025/nr-occ-2025-42.html