Down goes 3b16, qualified custodian, and all the other unfin | iampaulgrewal on Binance Square

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Down goes 3b16, qualified custodian, and all the other unfinished Gensler rule proposals. @secgov just issued final notices rescinding them all.

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A reminder as Canadians begin trading the 3iQ XRP ETF today: regulatory clarity drives innovation. Canada had the world's first Bitcoin ETF in 2021. Now it beat the US with an XRP ETF. It's way past time for the US to catch up and get crypto market structure legislation done.

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I honestly don't get the chicken little concerns about AMZN or WMT or anyone else issuing a stablecoin post-GENIUS. Once it hit a 10B market cap it would throw them under the jurisdiction of the OCC. Don't these critics dream of greater federal oversight over these "giants"?

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Exciting? Yes. Important? Absolutely. But breaking news? Not exactly. We've been saying since earlier this year that @SECGov should enable markets to unlock tokenized securities. Tokenized debt, equity, and investment funds present an opportunity for tailored regulation for securities that are offered and traded via digitally native methods.

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Today we are going to see the United States Senate pass major crypto legislation with bipartisan support. A year ago I would’ve thought this at best was a fever dream. Think for a moment on how far we’ve come.

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The root of so much government mischief lies in a third-party doctrine developed in the technology stone ages. @coinbase will always support legitimate law enforcement, but SCOTUS needs to end dragnet searches of digital customer data. @KannonShanmugam as always makes the compelling argument.

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