First slowly, then at the same time.
For years, Crypto has worked in darkness, a bunch of outlaws gathered the elites in Washington and in the media. Then came the market gatherings, Trump, and legislation such as the law on genius. Now the crypto is finally everywhere.
Look at the big news this week. Amazon and Walmart – Companies on AS AS, plan to launch their own stablecoins. You read that right.
According to the Wall Street Journal, the largest retailers in the world are tired of paying trade costs and other inexplicable costs for Visa and Mastercard. They want to use their own blockchain tokens to make their own transactions, their path.
This depends on the adoption of the law on genius, which now appears a quasi-certainty after this week’s Senate vote. Jesse Hamilton had the news.
And it was not the only big news of Stablecoin this week. SOCIETE GENERAL, a European finance lion, announced its own stablecoin on Ethereum and Solana. And the Ant de Jack Ma group asked for licenses of stablecoin issuers in Hong Kong and Singapore.
The whole world is going crazy. And why not? Most of these tokens are a largely better form of money, allowing faster and lower costs, especially on cross -border transactions.
Genius was not the only cryptographic legislation in the future in the congress. The market structure bill – known as Clarity – has emerged from the key committees of the Chamber. If it is promulgated, the law would provide railings for a long time to cryptographic societies, in particular around the laws on securities and the roles of the dry and the CFTC.
The market reacted well to the tail winds of the congress and we have seen several new announcements for Bitcoin accumulation vehicles (alias “Treasury of digital assets”). Anthony Poseliano, an influencer and cryptographic investor, will lead a new fund of $ 750 million, for example.
If you are not impressed by all this, the crypto may not be your thing. But the legendary investor Paul Tudor Jones does not agree with you. He thinks Bitcoin should be part of the portfolio of each investor.
