Loading video...

Video Failed to Load

Go Home

Treasury withdraws 2 crypto rules: $10K self-custody transfer reporting and mixer tracking "It's not just the SEC and the CFTC. Treasury making a huge move for the industry very quietly here yesterday. So, Treasury withdraws crypto mixing rule, citing concerns over chilling effect on legitimate activity." "If you've been...

scottmelker's profile picture

The Wolf Of All Streets

1,085,389 subscribers

23,337 views • 8 days ago •via X (Twitter)

News & PoliticsFinanceScience & Technology
LIVE

Anya Rossi• Live Now

Private livecam show

8 Comments

Andrew Harrison's profile picture
Andrew Harrison8 days ago

Interesting crypto policy shift. Clearer rules could shape the next phase of adoption, but balancing innovation and compliance will be key. You and @saadiqyendor are two accounts I like following for tracking crypto and market trends early.

Mark Reynolds's profile picture
Mark Reynolds8 days ago

Withdrawing burdensome self-custody reporting rules could reduce friction without ending legitimate enforcement. Your regulatory breakdowns shape my crypto policy view; @GwenPoth’s perspective does too.

AncqModify · Crypto Screener's profile picture
AncqModify · Crypto Screener8 days ago

huge news to walk back those old proposals. meanwhile perp oi sitting at $4.9B right now 🫠

The Wolf Of All Streets's profile picture
The Wolf Of All Streets8 days ago

This clip is brought to you by @hodlwithLedn

Demi🧜🏽‍♀️'s profile picture
Demi🧜🏽‍♀️8 days ago

Treasury pulling back both rules is a meaningful shift for crypto policy. You and @JonLeeMiller are the two accounts I most enjoy following.

James Bennett's profile picture
James Bennett8 days ago

You’re flagging a policy move that could matter more than the headline suggests. You and @artjlynch3 both keep the bigger crypto picture useful. Curious what Treasury replaces these rules with.

X Finance Bull Academy's profile picture
X Finance Bull Academy8 days ago

Treasury pulling back both rules is a pretty big shift for crypto.

LiquidLogicX's profile picture
LiquidLogicX8 days ago

Big win for self-custody. You can't make a wallet report on its owner, but you can give every payment a public receipt anyone can verify. That's the path we're building at LLX: transparency without custody 🧾

Related Videos

Thailand mandates exchanges to verify all self-custody wallet transactions and retain records for five years "Regulated crypto businesses must collect information about senders and recipients, transmit that information with transfers, conduct due diligence on other service providers, and retain transaction records for at least five years." "If you have a self-custody wallet and you want to offramp to an exchange, that exchange now has to KYC every single transaction, every single self-custody wallet. Literally impossible. Your wallet can remain self hosted, but they want your name, transaction history and five years of references. "Their blockchain may be permissionless but the onramp is coming with more paperwork and scrutiny."
1:08

Thailand mandates exchanges to verify all self-custody wallet transactions and retain records for five years "Regulated crypto businesses must collect information about senders and recipients, transmit that information with transfers, conduct due diligence on other service providers, and retain transaction records for at least five years." "If you have a self-custody wallet and you want to offramp to an exchange, that exchange now has to KYC every single transaction, every single self-custody wallet. Literally impossible. Your wallet can remain self hosted, but they want your name, transaction history and five years of references. "Their blockchain may be permissionless but the onramp is coming with more paperwork and scrutiny."

The Wolf Of All Streets

31,310 views • 1 month ago

FUND YOUR CRYPTO CARD WITH ZKX Wallet | The Secure and Private Wallet 🗽, POWERED BY RAILGUN The biggest issue with crypto cards is that transactions are public and on-chain. If you fund your crypto card directly from your self-custody wallet, anyone can potentially trace the transaction and link it back to your wallet. Imagine paying for a coffee, while the merchant can potentially see your wallet history and how much crypto you hold. That’s not great for financial privacy. With ZKX Wallet | The Secure and Private Wallet 🗽, you can unshield your funds to your crypto card without creating an on-chain trail that directly links the card payment back to your original wallet. In this example, we funded our ether.fi card using ZKX Wallet | The Secure and Private Wallet 🗽. Spend privately. Keep your wallet private. 🛡️
1:29

FUND YOUR CRYPTO CARD WITH ZKX Wallet | The Secure and Private Wallet 🗽, POWERED BY RAILGUN The biggest issue with crypto cards is that transactions are public and on-chain. If you fund your crypto card directly from your self-custody wallet, anyone can potentially trace the transaction and link it back to your wallet. Imagine paying for a coffee, while the merchant can potentially see your wallet history and how much crypto you hold. That’s not great for financial privacy. With ZKX Wallet | The Secure and Private Wallet 🗽, you can unshield your funds to your crypto card without creating an on-chain trail that directly links the card payment back to your original wallet. In this example, we funded our ether.fi card using ZKX Wallet | The Secure and Private Wallet 🗽. Spend privately. Keep your wallet private. 🛡️

Liberty Swap | C.R.O.P.S. on PulseChain 🗽

15,675 views • 2 months ago

SEC proposes a compliant route for RIAs to hold crypto directly, with a path to institutional self-custody "We have some fundamentally huge news, and it is this, directly from the United States Securities and Exchange Commission. This looks very official. It's their press release, SEC proposal would address how investment advisers and funds can custody crypto assets under the federal securities laws." "This is the SEC proposing dedicated custody rules for registered investment advisers, investment funds and business development companies." "This will create a compliant route for advisers and regulated funds to hold crypto directly." "What's even more interesting, the SEC went a step further. They said funds and advisers could custody crypto themselves, but only in narrow circumstances." "Here are the ways that they could custody themselves on behalf of their clients: no permitted custodian supports the asset, the adviser documents the necessary expertise, at least 2 people authorize transactions, cybersecurity and key management controls are reviewed, an independent accountant examines the system, the adviser checks quarterly whether an outside custodian has become available." "This is literally institutional self custody. Doesn't mean that you as the client control your private keys, but it is self custody by the RIA on your behalf."
2:25

SEC proposes a compliant route for RIAs to hold crypto directly, with a path to institutional self-custody "We have some fundamentally huge news, and it is this, directly from the United States Securities and Exchange Commission. This looks very official. It's their press release, SEC proposal would address how investment advisers and funds can custody crypto assets under the federal securities laws." "This is the SEC proposing dedicated custody rules for registered investment advisers, investment funds and business development companies." "This will create a compliant route for advisers and regulated funds to hold crypto directly." "What's even more interesting, the SEC went a step further. They said funds and advisers could custody crypto themselves, but only in narrow circumstances." "Here are the ways that they could custody themselves on behalf of their clients: no permitted custodian supports the asset, the adviser documents the necessary expertise, at least 2 people authorize transactions, cybersecurity and key management controls are reviewed, an independent accountant examines the system, the adviser checks quarterly whether an outside custodian has become available." "This is literally institutional self custody. Doesn't mean that you as the client control your private keys, but it is self custody by the RIA on your behalf."

The Wolf Of All Streets

21,620 views • 12 days ago

Reporter: Are you open to the idea of pulling away from your personal crypto ventures just for the next two years if that helps get these crypto bills passed? Trump: I became a fan of crypto and to me it's an industry and I'm president, and if we didn't have it China would.
1:45

Reporter: Are you open to the idea of pulling away from your personal crypto ventures just for the next two years if that helps get these crypto bills passed? Trump: I became a fan of crypto and to me it's an industry and I'm president, and if we didn't have it China would.

unusual_whales

2,761,880 views • 1 year ago

Russia's largest bank Sberbank wins approval for crypto trading, a win for adoption but not for self-custody "Sberbank plans to open crypto trading to all clients December 1st, is already testing BTC, ETH, and USDT trades in its app." "Russia's central bank has added them to its register of organizations authorized to exchange digital currencies themselves and on behalf of their customers." "The customer launch has not happened today. They're testing it, but it will. There's 9 organizations actually that can do this, including Sberbank, VTB, and T-Invest Labs." "Access and freedom are entirely separate dimensions. A regulated banking channel can expand participation while increasing oversight and restrictions on how assets move, which flies directly in the face of the ethos of crypto in general, especially Bitcoin." "You will buy exposure to Bitcoin, ETH, but that doesn't mean that you have self-custody of them or that you can transfer those assets out." "It's really, really strange time in crypto right now where we cheer the institutions that crypto was created as a hedge or an alternative to, because it might make the number go up and we want to see adoption."
2:12

Russia's largest bank Sberbank wins approval for crypto trading, a win for adoption but not for self-custody "Sberbank plans to open crypto trading to all clients December 1st, is already testing BTC, ETH, and USDT trades in its app." "Russia's central bank has added them to its register of organizations authorized to exchange digital currencies themselves and on behalf of their customers." "The customer launch has not happened today. They're testing it, but it will. There's 9 organizations actually that can do this, including Sberbank, VTB, and T-Invest Labs." "Access and freedom are entirely separate dimensions. A regulated banking channel can expand participation while increasing oversight and restrictions on how assets move, which flies directly in the face of the ethos of crypto in general, especially Bitcoin." "You will buy exposure to Bitcoin, ETH, but that doesn't mean that you have self-custody of them or that you can transfer those assets out." "It's really, really strange time in crypto right now where we cheer the institutions that crypto was created as a hedge or an alternative to, because it might make the number go up and we want to see adoption."

The Wolf Of All Streets

16,406 views • 1 day ago

"Is Hyperliquid taking over Binance?" CZ addresses the ongoing debate around Hyperliquid’s rapid rise and whether decentralized exchanges are threatening Binance’s market dominance: "A lot of people in crypto believe that Binance sees Hyperliquid as its first real competitor and that some of your public comments have been attempts to slow their momentum. What would you say to those people?" "No, they were wrong. I encourage way more crypto exchanges to innovate, and we view exchanges as helping to grow the pie." "Right now, the market is nowhere near saturated. Penetration-wise, there may be 5 to 15% of people who have some kind of crypto." "Net worth-wise, a very small percentage. Value-wise, we're probably like less than 1% penetration." "In this type of early stage, you want as many players as possible so that we can grow the industry."
1:06

"Is Hyperliquid taking over Binance?" CZ addresses the ongoing debate around Hyperliquid’s rapid rise and whether decentralized exchanges are threatening Binance’s market dominance: "A lot of people in crypto believe that Binance sees Hyperliquid as its first real competitor and that some of your public comments have been attempts to slow their momentum. What would you say to those people?" "No, they were wrong. I encourage way more crypto exchanges to innovate, and we view exchanges as helping to grow the pie." "Right now, the market is nowhere near saturated. Penetration-wise, there may be 5 to 15% of people who have some kind of crypto." "Net worth-wise, a very small percentage. Value-wise, we're probably like less than 1% penetration." "In this type of early stage, you want as many players as possible so that we can grow the industry."

The Jedi M@n 🧑‍🦯

23,457 views • 13 days ago

Is crypto VC going extinct? "No, I think it's evolving." "If you rewind the clock back to 2021–2022, there were a lot more VCs who raised money on the idea that they were going to deploy into a crypto venture." "And the idea was that, well, anybody can do this. You just have to sling some money around and some tokens and everything goes up automatically." "We're in a very different world now. We're in a regime where there's not that many players that are really institutional quality, and that can really add value to a lot of these projects." "Most of the easy money in crypto is gone now." Haseeb Qureshi ＞|＜ on Bloomberg TV at Token2049
1:54

Is crypto VC going extinct? "No, I think it's evolving." "If you rewind the clock back to 2021–2022, there were a lot more VCs who raised money on the idea that they were going to deploy into a crypto venture." "And the idea was that, well, anybody can do this. You just have to sling some money around and some tokens and everything goes up automatically." "We're in a very different world now. We're in a regime where there's not that many players that are really institutional quality, and that can really add value to a lot of these projects." "Most of the easy money in crypto is gone now." Haseeb Qureshi ＞|＜ on Bloomberg TV at Token2049

Dragonfly ＞|＜

27,067 views • 5 days ago

"I see a lot of takes on twitter that crypto neobanks are just a Rain Wrapper" "I think this is very far from the truth" A non-custodial neobank is "actually everything that a crypto wallet is, like Rabby, MetaMask, but just harder to build." "No one would say building a crypto wallet is easy, right?" "This is a crypto wallet on top with integrated virtual banks accounts, cards and so on" "Like a crypto wallet on Hard mode" lito, GTM Lead Ethena on the live show today.
0:56

"I see a lot of takes on twitter that crypto neobanks are just a Rain Wrapper" "I think this is very far from the truth" A non-custodial neobank is "actually everything that a crypto wallet is, like Rabby, MetaMask, but just harder to build." "No one would say building a crypto wallet is easy, right?" "This is a crypto wallet on top with integrated virtual banks accounts, cards and so on" "Like a crypto wallet on Hard mode" lito, GTM Lead Ethena on the live show today.

Stabledash

11,106 views • 1 month ago

Binance CEO CZ 🔶 BNB says the crypto industry is too transparent: "I think right now the crypto industry is too transparent. It's actually extremely easy to track crypto funds. The blockchain is a public ledger. If you couple that with a few centralized exchanges, KYC information, you can track most of the transactions pretty accurately. So I think right now there's a lack of preserving of privacy." "For example, if your company pays everybody in crypto and if you get one payment today on the blockchain, you can just trace to the address that paid you and see how many addresses that address paid in the last week, then you can figure out everybody's salary. That's a privacy issue." "Another example, if you pay for a hotel [in crypto], then people will know that you're going to stay at that hotel, which for some people may create security issues. So there's little problems like those that are not solved yet."
1:31

Binance CEO CZ 🔶 BNB says the crypto industry is too transparent: "I think right now the crypto industry is too transparent. It's actually extremely easy to track crypto funds. The blockchain is a public ledger. If you couple that with a few centralized exchanges, KYC information, you can track most of the transactions pretty accurately. So I think right now there's a lack of preserving of privacy." "For example, if your company pays everybody in crypto and if you get one payment today on the blockchain, you can just trace to the address that paid you and see how many addresses that address paid in the last week, then you can figure out everybody's salary. That's a privacy issue." "Another example, if you pay for a hotel [in crypto], then people will know that you're going to stay at that hotel, which for some people may create security issues. So there's little problems like those that are not solved yet."

TBPN

495,210 views • 6 months ago

To outsiders crypto's self custody crowd looks like a complete clown show right now "Who in the world right now that's not deep in crypto is looking at us and not thinking this is a complete and utter clown show? These guys are storing their life savings on a flash drive and burying it, hoping their family can find it" "I'm a fan of self custody in general, of multisig, but I've often said you have to be really serious about this and willing to go very deep down the rabbit hole to be self sovereign, to be your own bank and do it right" "Clearly, even if you do that, you can still at certain times lose your money"
0:35

To outsiders crypto's self custody crowd looks like a complete clown show right now "Who in the world right now that's not deep in crypto is looking at us and not thinking this is a complete and utter clown show? These guys are storing their life savings on a flash drive and burying it, hoping their family can find it" "I'm a fan of self custody in general, of multisig, but I've often said you have to be really serious about this and willing to go very deep down the rabbit hole to be self sovereign, to be your own bank and do it right" "Clearly, even if you do that, you can still at certain times lose your money"

The Wolf Of All Streets

27,789 views • 2 months ago

🚨 CRYPTO INVESTORS ON ALERT! 🇮🇳 India has issued over 44,000 crypto tax notices and uncovered more than ₹888 Crore ($104 Million) in undisclosed crypto income. The government is now cross-checking investor filings with transaction data submitted directly by exchanges, custodians, and wallet providers. 🤔 points: • 30% tax on crypto gains remains in effect • 1% TDS applies to eligible transfers • Every trade, swap, and disposal must be reported under Schedule VDA • Automated tracking and compliance checks are now in full force The era of “unreported crypto profits” may be coming to an end in India. Are Indian crypto investors prepared for this level of scrutiny? #Crypto #Bitcoin #India #CryptoTax
2:30

🚨 CRYPTO INVESTORS ON ALERT! 🇮🇳 India has issued over 44,000 crypto tax notices and uncovered more than ₹888 Crore ($104 Million) in undisclosed crypto income. The government is now cross-checking investor filings with transaction data submitted directly by exchanges, custodians, and wallet providers. 🤔 points: • 30% tax on crypto gains remains in effect • 1% TDS applies to eligible transfers • Every trade, swap, and disposal must be reported under Schedule VDA • Automated tracking and compliance checks are now in full force The era of “unreported crypto profits” may be coming to an end in India. Are Indian crypto investors prepared for this level of scrutiny? #Crypto #Bitcoin #India #CryptoTax

Pushpendra Singh

24,521 views • 4 months ago

vPay offshore accounts and physical cards have been getting field-tested IRL for a while now, and we’ll open them to the public as soon as we’re fully confident in the UX. But before offshore accounts go public, I want to address a few points: Some might point out that - vPay isn’t the first crypto card - vPay doesn’t have the lowest fees - So why choose vPay instead of the Coinbase 🛡️ Card or MetaMask 🦊 Card or KAST or or Tria, or any of the other big names? Now to address: Privacy | The biggest differentiator that sets vPay completely apart is Private Banking. The majority of the crypto card providers on the market use Rain infra. Even if you’ve never heard of them, that's what your favorite "NeoBank" uses. And due to their legal jurisdictions, they will report your finances to authorities since they're CRS and FACTA compliant. We are not. As an OmniBank, we work with different banking partners, and although KYC is required to use our services, our offshore banks are non-CRS and non-FACTA. Tax reporting is the responsibility and choice of the user. Offshore Accounts vs Physical Cards | I've tried to highlight this a few times so far. vPay has 3 offerings on the banking side of things. Virtual cards - live now. Physical cards - coming Q1 2026. The first two are similar to what everyone else on the market offers. The offshore accounts are not. which are coming this week. They allow unlimited spending, ATM withdrawals, and international SWIFT transfers, which very few “Neobanks” provide. Offshore accounts are coming this week. Self-Custody | We're not 100% non-custodial yet, as that is near impossible at the moment but it's something we're working towards. And we try to keep the users' self-custodial wallets in the loop as much as possible for maximum control. Those who have tried the vPay app know that almost every move asks for permission from their wallet, and we always encourage users to keep their funds in their non-custodial wallets until the very last moment, since our top-ups usually only take seconds to a minute to process. Fees | All of the card providers mentioned above either raised millions from VCs or in presales or have a huge org backing them. We have neither. vPay was self-funded and community-owned since day 1, launched under Virtuals Protocol Genesis V1 launch model, an objectively bad launch model and hugely unfavorable toward project teams. So even though vPay has been generating revenue and profitable from early on, we do not have the luxury of offering 0% fees yet, since they're mostly a marketing gimmick paid for by millions in VC money and not a sustainable business model for early-stage companies. What we're working towards instead, is true co-ownership of vPay and revenue-share with users. OmniBank vs NeoBank | I’m not a fan of the term “NeoBank.” It implies just a bank, but make it crypto. That’s not vPay. Our goals have always been clear: A) Anything and everything users need to do with their money and assets, both Web2 and Web3, all in one hub. Powered by a constellation of partner agents. The cards and the bank accounts are just the foundation. B) To eventually build independent financial rails for crypto and decouple from the chokehold of Visa/Mastercard. vLink is the first step toward this vision. This turned out to be a rather long tweet, but context matters. Questions and feedback welcome in replies or DMs. See you all with your vPay vCards very soon.
0:08

vPay offshore accounts and physical cards have been getting field-tested IRL for a while now, and we’ll open them to the public as soon as we’re fully confident in the UX. But before offshore accounts go public, I want to address a few points: Some might point out that - vPay isn’t the first crypto card - vPay doesn’t have the lowest fees - So why choose vPay instead of the Coinbase 🛡️ Card or MetaMask 🦊 Card or KAST or or Tria, or any of the other big names? Now to address: Privacy | The biggest differentiator that sets vPay completely apart is Private Banking. The majority of the crypto card providers on the market use Rain infra. Even if you’ve never heard of them, that's what your favorite "NeoBank" uses. And due to their legal jurisdictions, they will report your finances to authorities since they're CRS and FACTA compliant. We are not. As an OmniBank, we work with different banking partners, and although KYC is required to use our services, our offshore banks are non-CRS and non-FACTA. Tax reporting is the responsibility and choice of the user. Offshore Accounts vs Physical Cards | I've tried to highlight this a few times so far. vPay has 3 offerings on the banking side of things. Virtual cards - live now. Physical cards - coming Q1 2026. The first two are similar to what everyone else on the market offers. The offshore accounts are not. which are coming this week. They allow unlimited spending, ATM withdrawals, and international SWIFT transfers, which very few “Neobanks” provide. Offshore accounts are coming this week. Self-Custody | We're not 100% non-custodial yet, as that is near impossible at the moment but it's something we're working towards. And we try to keep the users' self-custodial wallets in the loop as much as possible for maximum control. Those who have tried the vPay app know that almost every move asks for permission from their wallet, and we always encourage users to keep their funds in their non-custodial wallets until the very last moment, since our top-ups usually only take seconds to a minute to process. Fees | All of the card providers mentioned above either raised millions from VCs or in presales or have a huge org backing them. We have neither. vPay was self-funded and community-owned since day 1, launched under Virtuals Protocol Genesis V1 launch model, an objectively bad launch model and hugely unfavorable toward project teams. So even though vPay has been generating revenue and profitable from early on, we do not have the luxury of offering 0% fees yet, since they're mostly a marketing gimmick paid for by millions in VC money and not a sustainable business model for early-stage companies. What we're working towards instead, is true co-ownership of vPay and revenue-share with users. OmniBank vs NeoBank | I’m not a fan of the term “NeoBank.” It implies just a bank, but make it crypto. That’s not vPay. Our goals have always been clear: A) Anything and everything users need to do with their money and assets, both Web2 and Web3, all in one hub. Powered by a constellation of partner agents. The cards and the bank accounts are just the foundation. B) To eventually build independent financial rails for crypto and decouple from the chokehold of Visa/Mastercard. vLink is the first step toward this vision. This turned out to be a rather long tweet, but context matters. Questions and feedback welcome in replies or DMs. See you all with your vPay vCards very soon.

The Dude

20,558 views • 10 months ago

FOR THOSE WONDERING HOW I WAS DRAINED!! I made this video to spread awareness to those of you that like me, may not have known getting drained in this way was even a possibility. Please stay safe, crypto is the wild west and so many nasty people are out to get you. I am endlessly grateful for the kind response and support a lot of you have shown me since this has happened. For those of you that were asking for my old wallet that got drained - BSo98ZSvUUxHu6zfi4rBkCGD5ZFPE5vxMb74c7iAHRA8 For those of you asking for my new wallet - C5L29vzDpZ2pJEQEeJ1oakAg3eJWEP5g64q8Uwd9GDsi
8:25

FOR THOSE WONDERING HOW I WAS DRAINED!! I made this video to spread awareness to those of you that like me, may not have known getting drained in this way was even a possibility. Please stay safe, crypto is the wild west and so many nasty people are out to get you. I am endlessly grateful for the kind response and support a lot of you have shown me since this has happened. For those of you that were asking for my old wallet that got drained - BSo98ZSvUUxHu6zfi4rBkCGD5ZFPE5vxMb74c7iAHRA8 For those of you asking for my new wallet - C5L29vzDpZ2pJEQEeJ1oakAg3eJWEP5g64q8Uwd9GDsi

Wickesy

37,449 views • 4 days ago

Trader Mayne highlights how Crypto desensitises you to money “Normies spent $12,000 and travelled to 9 different countries in 130 days. Meanwhile Crypto you put $12,000 into a meme coin, a NFT, it goes to zero and you’re just like this is just a normal day” “The money doesn’t feel real in Crypto. I’m sure many of you have felt this when talking to your friends who aren’t Crypto native, you say you put $25,000 into a meme coin and it went to zero and they’re like what?!” “There’s this disconnect because it’s numbers on a screen, it doesn’t feel real. Do not fall into the psyop of Crypto twitter that $5,000,000 isn’t enough to retire or that $100,000 isn’t a lot of money” “$10,000 is a lot of money to the vast majority of people. We get completely desensitised and sometimes you have to get out of this delusion and realise with $10,000 you can do a lot of cool stuff”
2:31

Trader Mayne highlights how Crypto desensitises you to money “Normies spent $12,000 and travelled to 9 different countries in 130 days. Meanwhile Crypto you put $12,000 into a meme coin, a NFT, it goes to zero and you’re just like this is just a normal day” “The money doesn’t feel real in Crypto. I’m sure many of you have felt this when talking to your friends who aren’t Crypto native, you say you put $25,000 into a meme coin and it went to zero and they’re like what?!” “There’s this disconnect because it’s numbers on a screen, it doesn’t feel real. Do not fall into the psyop of Crypto twitter that $5,000,000 isn’t enough to retire or that $100,000 isn’t a lot of money” “$10,000 is a lot of money to the vast majority of people. We get completely desensitised and sometimes you have to get out of this delusion and realise with $10,000 you can do a lot of cool stuff”

Jack

71,866 views • 7 months ago

🇺🇸 The CLARITY Act could become one of the most important crypto bills EVER. Not because it’s pro-crypto. But because it creates a framework institutions can actually work with. The biggest shift: Crypto would not be treated like a regulatory experiment anymore. Instead, it would be treated like financial infrastructure. That changes the game for: • exchanges • stablecoins • tokenization • institutional adoption The market isn’t reacting to headlines. It’s reacting to the fact that the US is building actual rules around crypto. And now that the bill is advancing through Congress, the next crypto cycle could look VERY DIFFERENT from the last one.
0:25

🇺🇸 The CLARITY Act could become one of the most important crypto bills EVER. Not because it’s pro-crypto. But because it creates a framework institutions can actually work with. The biggest shift: Crypto would not be treated like a regulatory experiment anymore. Instead, it would be treated like financial infrastructure. That changes the game for: • exchanges • stablecoins • tokenization • institutional adoption The market isn’t reacting to headlines. It’s reacting to the fact that the US is building actual rules around crypto. And now that the bill is advancing through Congress, the next crypto cycle could look VERY DIFFERENT from the last one.

CryptoGoos

39,564 views • 4 months ago

"So congratulations, banks. You've now allowed me to go on Coinbase and earn the yield that you so feared" "The banking lobby said there's going to be a deposit flight because crypto exchanges are able to offer yield. Guess what? The Genius Act, which already passed, guaranteed that Coinbase and exchanges can offer yield." "And the Clarity Act, which the banks opposed, was the thing that was going to fix that loophole and prevent the crypto industry from offering yield. And Coinbase reluctantly agreed to that." "The hypocrisy, the insanity, the stupidity of this is never ending." "I'll take the silver lining now as the opportunity to say we don't have to talk about the Clarity Act anymore. We can talk about the CFTC and the SEC moving forward with pro-crypto regulation, which will happen." "This is just a reminder for all the Bitcoiners out there, like myself, at the very beginning, who are here because we wanted to rage against the machine. Now you can opt out of the stupidity of government once again by simply buying Bitcoin."
1:34

"So congratulations, banks. You've now allowed me to go on Coinbase and earn the yield that you so feared" "The banking lobby said there's going to be a deposit flight because crypto exchanges are able to offer yield. Guess what? The Genius Act, which already passed, guaranteed that Coinbase and exchanges can offer yield." "And the Clarity Act, which the banks opposed, was the thing that was going to fix that loophole and prevent the crypto industry from offering yield. And Coinbase reluctantly agreed to that." "The hypocrisy, the insanity, the stupidity of this is never ending." "I'll take the silver lining now as the opportunity to say we don't have to talk about the Clarity Act anymore. We can talk about the CFTC and the SEC moving forward with pro-crypto regulation, which will happen." "This is just a reminder for all the Bitcoiners out there, like myself, at the very beginning, who are here because we wanted to rage against the machine. Now you can opt out of the stupidity of government once again by simply buying Bitcoin."

The Wolf Of All Streets

87,145 views • 28 days ago

Brian Armstrong on the impact of the Clarity Act not passing on Coinbase "In many ways legislation would have been good for America, in the sense of durability, clarity of the rules. I think that would have also had a downside for Coinbase." "Every major financial services company in the world would have started integrating crypto with that regulatory clarity. We would have had tons more competition." "So in a way, honestly, it arguably could even be better for us to go under this path, because we're one of the few companies who's willing to go through that." "But ultimately I'm trying to grow the adoption of crypto globally, including in the United States, for everyone. That's more aligned with the mission of Coinbase." "I don't really think of the world as a zero sum place where if it's better for us, it's worse for someone else. I love competition too, but ultimately I'm trying to advance civilizational progress, and especially for America." "And that's why it was so frustrating to see people get into their tribal camps and forget about the bigger picture."
1:08

Brian Armstrong on the impact of the Clarity Act not passing on Coinbase "In many ways legislation would have been good for America, in the sense of durability, clarity of the rules. I think that would have also had a downside for Coinbase." "Every major financial services company in the world would have started integrating crypto with that regulatory clarity. We would have had tons more competition." "So in a way, honestly, it arguably could even be better for us to go under this path, because we're one of the few companies who's willing to go through that." "But ultimately I'm trying to grow the adoption of crypto globally, including in the United States, for everyone. That's more aligned with the mission of Coinbase." "I don't really think of the world as a zero sum place where if it's better for us, it's worse for someone else. I love competition too, but ultimately I'm trying to advance civilizational progress, and especially for America." "And that's why it was so frustrating to see people get into their tribal camps and forget about the bigger picture."

The Wolf Of All Streets

33,037 views • 24 days ago