First slowly, then at once.
For years, Crypto struggled in the darkness. This is a band of outlaws who have been frowned upon by elites in Washington and in the media. Then came laws like market rallies, Trump and genius acts. Now Crypto is ultimately everywhere.
Watch this week’s big news. Amazon and Walmart – the mainstream companies that come as they come – are considering launching their own Stablecoins. You read it correctly.
According to the Wall Street Journal, the world’s largest retailers are tired of paying products and other unexplainable costs to Visa and MasterCard. They want to use their own blockchain-based tokens to perform their own transactions.
This is conditional on passing the Genius Act, which is now almost certain, after Senate votes this week. Jesse Hamilton had news.
And this week it wasn’t the only big Stablecoin news. Societe Generale, a lion of European finances, has announced its own stubcoin on Ethereum and Solana. Jack Ma’s Ant Group has applied for Stablecoin issuer licenses in Hong Kong and Singapore.
The whole world is going crazy. And why? Most of these dollar-covered tokens are a very good form of money, allowing faster settlement times and lower fees, especially for cross-border transactions.
The only cryptography that would advance in Congress was not a genius. The Market Structure Bill, known as Clarity, was born from a major House committee. When enacted, the law provides long-standing guardrails for crypto companies, particularly focusing on the role of securities law and the SEC and CFTC.
The market responded well to the council’s tailwinds, with several new announcements of Bitcoin accumulation vehicles (aka “digital asset finance”). For example, crypto influencer and investor Anthony Pompliano will lead, for example, a new $750 million fund.
If you’re not impressed with all this, Crypto may not really belong to you. But legendary investor Paul Tudor Jones disagrees with you. He believes that Bitcoin should be part of every investor portfolio.
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