XRP for Financial Freedom, Tokenized Assets and Securities

On The Chain -

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Show Summary

  • Ripple lawsuit outcome: The ruling has opened up clarity for the cryptocurrency space, and XRP is now deemed a non-security. John Deaton's involvement and the XRP community's intervention were vital.
  • Gary Gensler's negative mindset: Gensler only sees negativity and wants to undermine the productivity of the country and retail investors. He doesn't care about protecting them and has one agenda, which is climate control.
  • Super Mojo Agenda: Super Mojo is growing in the space, combining old and new ways to facilitate future mainstream adoption.
  • H.R. 4841: The Keep Your Coins Act of 2023, a very important bill to protect self-custody and individual freedom.
  • Financial Services Committee Bills: Multiple bills have been pushed out of the Financial Services Committee after years of zero activity, including a long-awaited stablecoin regulatory framework and the Financial Innovation and Technology Act of the 21st century.
  • Bipartisan Approach: It's important to have a bipartisan approach to bills in order for them to gain more traction in the Senate.
  • Defense Funding Bill: The bill authorizes the Treasury Department to establish examination standards to help prevent cryptocurrencies from being used to finance illicit activities and conduct a study on how to counter anonymous crypto transactions.
  • Digital Asset Anti Money Laundering Act: Elizabeth Warren sponsored a bill to combat illicit activities using cryptocurrencies, while major companies trace money for the same purpose.
  • Pivotal year for US cryptocurrency space: 2024 is expected to be a crucial election year for the US cryptocurrency space, with regulatory clarity and definitions needed.
  • Self-custody bill: Warren Davidson introduced a bill to protect self-custody of digital assets.
  • Positive developments in Congress: Bills such as the Framework and Clarity for Payment Stablecoin Act and the FIT Act are helping build the community and generate more revenue.
  • Concerns over potential veto: There are concerns that President Biden may veto critical legislation related to cryptocurrencies.
  • Need for regulatory clarity: The US needs regulatory clarity and definitions to prevent politicians from controlling cryptocurrencies and monitoring how people spend their money.
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The Badass Yetis is a tribe of legendary creatures from the Himalayas, rockin’ some serious swag. They’re famous for fiercely defending their turf and being a force to reckon with for anyone bold enough to mess with their vibe. Grab a Badass Yetis and join the tribe!
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Congress hands the crypto industry two wins and a loss before August recess
The crypto lobby notched wins when a key House committee advanced bills that laid out industry-backed regulatory frameworks for digital assets and stablecoins.
CNBCChelsey Cox