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A Cypherpunk's Manifesto
by Eric Hughes
https://cdn.nakamotoinstitute.org/docs/cypherpunk-manifesto.txt
by Eric Hughes
https://cdn.nakamotoinstitute.org/docs/cypherpunk-manifesto.txt
Stablecoins are a viral loop for crypto onboarding:
Businesses Instantly feel
receive stables → the benefits
↑ ↓
Pay vendors ← shocked.JPEG
in stables
Businesses Instantly feel
receive stables → the benefits
↑ ↓
Pay vendors ← shocked.JPEG
in stables
Great to be in London today to meet with policymakers on how the UK can position itself competitively in the global race for crypto.
This is a pivotal moment - hopeful the UK seizes this opportunity to solidify its position as a global leader in crypto. Bullish on Britain! @Tomduffgordon
This is a pivotal moment - hopeful the UK seizes this opportunity to solidify its position as a global leader in crypto. Bullish on Britain! @Tomduffgordon
Congrats to @jerallaire and the entire @circle team on your IPO and reaching ~$30T in lifetime USDC volume!
Now more than ever, @USDC is the most trusted stablecoin.
Building legitimate, regulated crypto products is tough. Doing so in 2013/14, when Circle was founded, was nearly impossible. Let's all celebrate this milestone with them as a major win for the industry.
Now more than ever, @USDC is the most trusted stablecoin.
Building legitimate, regulated crypto products is tough. Doing so in 2013/14, when Circle was founded, was nearly impossible. Let's all celebrate this milestone with them as a major win for the industry.
Crypto remains the most bipartisan issue in Washington. Grateful to @RepFrenchHill, @CongressmanGT, @RepAngieCraig, @GOPMajorityWhip, @RepDustyJohnson, @RepDonDavis, @RepBryanSteil, @RepRitchie and @Rep_Davidson for stepping up as co-sponsors of the new digital asset market structure bill. Their leadership is helping bring financial innovation and regulatory clarity to America!
Great progress on U.S. crypto legislation this week and more to come next week:
➡️ Market structure draft legislation introduced + discussed.
➡️ Bipartisan work continues to bring stablecoin legislation to the floor (likely voting again early next week)
➡️ @StandwithCrypto Day happening 5/14 next week with 60+ crypto founders coming to DC - advocates will keep beating this drum
One thing is clear - both sides care deeply about getting clear rules for crypto and getting it right. Both sides are leading and engaging. After years of being sidelined, crypto isn't just at the table, it's at the top of the agenda.
➡️ Market structure draft legislation introduced + discussed.
➡️ Bipartisan work continues to bring stablecoin legislation to the floor (likely voting again early next week)
➡️ @StandwithCrypto Day happening 5/14 next week with 60+ crypto founders coming to DC - advocates will keep beating this drum
One thing is clear - both sides care deeply about getting clear rules for crypto and getting it right. Both sides are leading and engaging. After years of being sidelined, crypto isn't just at the table, it's at the top of the agenda.
Good to see the Senate finally voting on stablecoin legislation. It’s a first round to the negotiation, and I expect there will be another vote early next week after more debate.
Frankly, the bill still needs some work (like fixing the prohibition on yield and interest which makes no sense). But this is all part of the process.
Once all members have had time to review the text, and a few changes are made, I suspect the GENIUS Act will be one step closer to the President’s desk with a strong bipartisan vote.
The 52m American voters who hold crypto are watching closely!
Frankly, the bill still needs some work (like fixing the prohibition on yield and interest which makes no sense). But this is all part of the process.
Once all members have had time to review the text, and a few changes are made, I suspect the GENIUS Act will be one step closer to the President’s desk with a strong bipartisan vote.
The 52m American voters who hold crypto are watching closely!
Congress has a real opportunity this week to advance stablecoin and market structure legislation. We strongly support the Senate starting debate on the GENIUS Act -- and we need 60 votes to get there. We also welcome House efforts to build on FIT21’s momentum. Both chambers need to act now if we hope to pass comprehensive legislation into law before August.
Our thesis: Crypto is going to eat most of financial services, and @coinbase is 100% focused on crypto.
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