1/ Today, we are proud to join @fund_defi and 110+ other crypto companies and organizations in reaffirming what @paradigm has said unambiguously for years: Any market structure legislation must protect developers. This is non-negotiable.

🚨NEW: A statement from @fund_defi’s Executive Director @amandatums on the @SenateAg draft, which left the section on DeFi blank: "It is good to see the Ag Committee make progress on market structure and release a bipartisan draft. We are hoping that the section left open for

Under the safe harbor that @SecScottBessent announces below, trusts may stake digital assets (on permissionless proof-of-stake networks) if they: 1) Hold only one digital asset type and cash; 2) Use a qualified custodian to manage keys and execute staking; 3) Maintain

Guidance is out and available at the link below. This will create a safe harbor (and transition period) for ETP Trusts to stake trust assets without violating their tricky grantor trust status (which limits sponsor discretion and management). Link below:

Today @USTreasury and the @IRSnews issued new guidance giving crypto exchange-traded products (ETPs) a clear path to stake digital assets and share staking rewards with their retail investors. This move increases investor benefits, boosts innovation, and keeps America the

My take on the @bankofengland 's systemic stablecoin consultation was published in the @Telegraph this morning. The Bank has been thoughtful and rigorous in taking on stakeholder input, in particular on allowing HQLA for backing assets. But excessive caution in the form of

Little known fact - after the legislation is enacted, the real battle begins. This week @paradigm filed a comment to Treasury on implementation of GENIUS. The question in this comment is simple: Will Treasury honor Congress’s intent or try and spin a new law out of thin air?

Stablecoins The TAM is all of global finance The ticker is USD

Terms like “protocol level compliance” or “programmatic risk management” are just euphemisms for regulating DeFi developers. No thanks! These ideas are nonstarters antithetical to DeFi. The term to know and love is “base layer neutrality.” Anything less is an abject failure.

The Bank Policy Institute’s “Stablecoin Risks” reads like it’s 2018, not 2025. It mixes up payment stablecoins with algorithmic experiments and then waves at old headlines to argue “risk.” Let’s fact-check the piece point by point. First tell: they lean on USDT’s October 2018

Read it here: https://t.co/6tNsgPtxP6

This letter by @JWVerret is outstanding and a must-read. “The integrity of our financial regulatory system depends on consistent application of statutory interpretation principles, regardless of whether those principles favor incumbent institutions or new market participants.

Starlink for money 🔥

Congratulations to the @bankpolicy Institute for pointing out why we needed the GENIUS Act in the first place. Stablecoins are a breakthrough in payments technology making moving money faster, cheaper and safer. But we also need regulations, and that’s what the GENIUS Act gives

The GENIUS Act is clear that rewards are allowed. Third party rewards programs and interest paid by the issuer are not the same thing. Congress answered this question. The @ABABankers letter admits as much. End of story.

Agreed. GENIUS is pro-consumer, pro-innovation, and pro-🇺🇸competitiveness. Allowing rewards benefits consumers and helps U.S. stablecoins grow and scale--driving merchant and SMB adoption, expanding access to faster, cheaper payments, and strengthening U.S. leadership in the

Yield for me but not for thee Far be it for the first innovation in payments in a decade to be allowed to flourish

Imagine opposing a regulated trust charter because you prefer crypto to stay … unregulated. That’s ICBA’s position. It’s another case of bank lobbyists trying to dig regulatory moats to protect their own. From undoing a law to go after rewards to blocking charters, protectionism

It's not anti-crypto to demand basic safeguards for bitcoin ATMs. Lay off the state AG's doing their jobs.

Some pretty bad-faith and narrow-minded characterizations in here. ~”DeFi = bad, so stablecoins = bad” The Bank Policy Institute seems to have taken the “if you can’t beat them, destroy them” approach. The great inventions of the world very frequently started with different

Today, we joined leading industry voices in urging the Senate Banking Committee to support a provision that empowers Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to safely participate in digital assets through education,