"Crypto is for scum" That's the takeaway from Judge Paul A. Engelmayer's 15 year sentence of Do Kwon But this week's news is just... mindblowing Decades of effort poured into technical and legal development have set us up for the global ascent of blockchain 👇
@The_DTCC has announced that it is coming onchain, in force This means onchain access to funds, treasuries, bonds, equities to the tune of nearly $100T in value This announcement cannot be understated
DTCC
DTCCDec 12, 05:59
In an historic milestone, DTC received a No‑Action Letter from the SEC to tokenize certain DTC‑custodied assets. By leveraging blockchain, DTCC aims to bridge TradFi and DeFi, advancing a more resilient, inclusive and efficient global financial system.
For the lovers of detail you can read the SEC no-action letter here:
And as the eminent @nic_carter notes, for the finance nerds, the OCC approves a massive upgrade to custodians by bumping them up a notch to federal charters No more of this state by state chicanery. One world, under the USD. That is the goal
nic carter
nic carterDec 13, 01:09
huge release today. OCC approves five national trust charters. two de novo (Ripple and First National) and three conversions from state charters (Fidelity, BitGo, Paxos). Note that Trusts don't take deposits or make loans like commercial banks, but they can do qualified custody, execute trades as agents, payments, stablecoin reserves, much more.
Now, does this help our sweet speculative shitcoins? I can't imagine that lowered friction to entry can hurt our beloved BTC/ETH/SOL and surely this will be a shot in the arm to prominent DeFi assets All of these tools mean one major thing, IMO, yield! And to those who connect the yield and help it flow - this is massive The year 2026 is shaping up to be THE year that the global markets tokenize and gain access to the fruits of the internet Given that the Market Structure Bill is also on the docket we can assume that all of these developments mean big opportunity for builders out there In the future, anyone can create the next great financial primitive
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