JD Alois

What? No CLARITY? Bitcoin Rockets Higher, Crypto Adjacent Firms Join Rally

Bitcoin bulls are celebrating today as the world’s most popular crypto moves higher. Currently, $BTC is up by over 5%, topping $85,000 for the first time since last January. Last week, the CLARITY Act, crypto market infrastructure legislation, failed in the Senate on a cloture… Read More

Coinbase Poised to Help Smaller, Community Banks Enter the Digital Asset Age

While some see crypto and digital asset services as a negative for traditional finance, more specifically, smaller firms, the reality is quite different. All forms of finance will enter the digital age including digital assets like tokenized securities, stablecoins and other assets. This week, Coinbase… Read More

Innovation Exemption: Tokenization Firms Welcome SEC’s Rules on Digital Securities

A seismic shift for global finance as the US regulator brings the $75 trillion plus US equity market into the digital age As the tokenization market is predicted to quickly top trillions of dollars in securities within a few years, global participants in the tokenization… Read More

The CLARITY Act: “Firms still do not have a clear answer on how some digital asset products will be classified or which rules apply”

CI has received dozens of comments about the US Senate’s failure to advance the CLARITY Act. The legislation would have protected consumers while enabling innovation with defined regulatory oversight. This common-sense approach was crushed by midterm politics and the Democratic Party’s refusal to give Republicans… Read More

tZERO Comments on Tokenization Innovation Exemption Posted by SEC Today

tZERO, a pioneer in the tokenization sector, has commented on the Innovation Exemption order published by the Securities and Exchange Commission today.  The innovation exemption supports tokenized assets or digital securities. A tokenized securities venue, or TSV, can trade tokenized NMS stocks (NYSE/Nasdaq listings) through… Read More

OKX Says RWAs Now Top Crypto Perpetual Futures

OKX released a report, in partnership with Token Terminal, stating that RWAs [real-world assets] futures have surpassed crypto futures in trading volume. In brief, onchain perpetual futures markets for traditional assets have become as busy as onchain betting markets for crypto. According to the write-up,… Read More

SEC Publishes Innovation Exemption for Tokenized Stocks

As expected, the Securities and Exchange Commission (SEC) has published its “Innovation Exemption” for tokenized or digital securities. The new rules will allow tokenized securities to trade on marketplaces or Tokenized Securities Venues (TSVs), each of which is a “TSV” under the definition of “exchange”… Read More

Revolut May List Shares in the US and in London, Sees Paris as European Hub – Report

Nik Storonsky, CEO and co-founder of digital bank Revolut, was in France this week after receiving approval for a French banking license. Speaking with Les Echos, the country’s leading financial publication, Storonsky said Revolut may dual-list its shares on Nasdaq and the London Stock Exchange… Read More

Deutsche Bank to Custody Bitcoin, Ethereum, in Europe

Deutsche Bank says it will begin offering digital asset custody to institutional customers. In a corporate statement, the bank said that it would launch its digital asset custody solution this year. European clients will gain access to regulated custody services for “selected digital assets.” At… Read More

Crypto Council for Innovation Comments on Crypto Tax Legislation

The Digital Asset Tax Certainty Act (H.R. 10357) passed the House Ways and Means Committee this week, “clarifying the tax treatment of mining and staking, and creating parity with traditional financial assets.” The bill aims to: Remove tax barriers to the use of digital assets… Read More

Group of Senate Democrats Issue Statement on the CLARITY Act, Say they Are Committed to Passing Crypto Legislation

A group of seven Democratic senators issued a statement declaring their support for the CLARITY Act after voting against the bill this week, effectively killing it for now. Senators Kirsten Gillibrand, Angela Alsobrooks, Cory Booker, Catherine Cortez Masto, Ruben Gallego, Mark Warner, and Raphael Warnock stated: “Democrats… Read More

Here is President Donald Trump’s Comments on Fed’s Decision to Raise Interest Rates

Within hours of the Fed’s announcement that it had raised benchmark rates, President Donald Trump took to Truth Social to once again say he believes interest rates should move lower, not higher. President Trump declared: “Interest Rates in the United States should be 1%, or less, because we are the… Read More

Federal Reserve Raises Rates by 25 BPS, Yields Rise, Markets Drop

The US Federal Reserve‘s Federal Open Market Committee (FOMC) voted unanimously to raise benchmark rates by 25 basis points. The move was widely expected, but market indices took the news poorly, with most sectors closing down for the day. At the same time, yields of… Read More

Wirex One Launched as “Stablecoin Neobank”

Wirex has announced the launch of Wirex One, which is described as a “stablecoin neobank.” The goal is to serve the mass affluent by acting as a private bank. A neobank is typically a digital application that provides services similar to traditional banks, frequently in… Read More

White House Digital Asset Lead the CLARITY Act Debacle: “A Failure of American Leadership,”

  The dust has yet to settle on the failed vote in the US Senate that would have advanced the CLARITY Act to a vote for future consideration. The vote was a procedural move for cloture, which would have established sufficient support to avoid a… Read More

“Not the End” – Hope Remains that the CLARITY Act Can Be Re-animated

Digital asset insiders are disappointed by today’s Senate vote on the CLARITY Act, which landed with a thud.  The inability to advance crypto market infrastructure legislation is a significant loss for the industry, and most argue it is a loss for the United States. The vote… Read More

Coinbase Shares Crater Over 10% Following Vote on the CLARITY Act

Yesterday, Coinbase (NASDAQ:COIN) shares rallied. Today, the story is quite different, as shares of Coinbase are now down by over 10% following the disappointing vote on the CLARITY Act. While the vote was always expected to be close, in the end, supporters couldn’t even break the 50-vote… Read More

Cloture Vote on the CLARITY Act Fails in the Senate

The cloture vote on the CLARITY Act failed in the Senate, as supporters fell short of the 60 votes needed to open debate on the legislation. The final tally was disappointing as several Republican senators, including Senators Hawley, Collins, and Moran, typically more supportive of… Read More

If The CLARITY Act Does Not Become Law It Would Be Terrible For The US

With a cloture vote scheduled for today and market participants hopeful the bill will move forward, the CLARITY Act, crypto market infrastructure legislation, continues to have a dim outlook on prediction markets that the bill will be approved. Kalshi currently has just a 33% expectation that… Read More

Everyone is Talking About How Silly the Banking Industry Looks Because of the FUD on Stablecoin Yield

Mr. Potter Banker Banking (1)

FUD, or fear, uncertainty, and doubt, can effectively influence individuals’ hearts and minds. The unknown can lead to risk, and the possibility of something bad happening, even when the probability is low, can drive decisions. FUD is what the banking industry has leveraged to strip… Read More

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