robert

The securities regulator has continued its Project Crypto work to make unofficial policy changes as it moved to let broker-dealers treat stablecoins as capital.
The addition of a few lines in a frequently-asked-questions page on the U.S. Securities and Exchange Commission website may open up the use of stablecoins in capital calculations for U.S. broker-dealers.
The agency is instructing brokers that they need only give their stablecoins a 2% haircut when calculating how much they can be used as regulatory capital.
Broker-dealers regulated by the U.S. Securities and Exchange Commission (SEC) can treat their stablecoin holdings as regulatory capital, according to a tweak this week to a frequently-asked-questions document maintained by the agency.
That's a seismic shift offered in the form of a minor addition to the SEC's "Broker Dealer Financial Responsibilities" FAQ. It's on-brand for a regulator that has made a steady series of changes to its crypto approach through informal guidance, industry correspondence and staff statements ever since its Crypto Task Force began work during the administration of President Donald Trump.
In this case, a new question No. 5 was added about what kind of "haircut" a firm should take on its holdings of stablecoins — the dollar-tied tokens such as Circle's USDC and Tether's USDT. The answer was 2%, meaning that instead of the previous understanding that such assets were not considered measurable against a broker-dealer's capital tally (100% haircut), the firms will be able to count 98% of those holdings.
While this guidance does not create new rules, it helps reduce uncertainty for firms seeking to operate compliantly under current securities laws," said Cody Carbone, CEO of the Digital Chamber.
This puts stablecoins on the same footing as other financial products.
That means stablecoins are now treated like money market funds on a firm’s balance sheet," Tonya Evans, a former professor who now runs a crypto education business and is on the board of directors at Digital Currency Group, wrote in a post on social media site X. "Until today, some broker-dealers were zeroing out stablecoin holdings in their capital calculations. Holding them was a financial penalty. That’s over."
Before, the more stringent SEC limits meant those companies — firms registered with the SEC to handle customers' securities transactions and also trade in securities on their own behalf — weren't easily able to custody tokenized securities or act as a go-between for trading. Now the firms that follow this steer from the agency will be able to more easily provide liquidity, aid settlement and advance tokenized finance.
Everywhere from Robinhood to Goldman Sachs run on these calculations," Larry Florio, deputy general counsel at Ethena Labs, wrote in an explainer posted on LinkedIn. Stablecoins are now working capital, he said.
SEC Commissioner Hester Peirce runs the agency's task force and issued a statement on the change, contending that using stablecoins "will make it feasible for broker-dealers to engage in a broader range of business activities relating to tokenized securities and other crypto assets." And she said she wants to consider how the existing SEC rules "could be amended to account for payment stablecoins."
That's the drawback of informal staff policies — they're as easy to reverse as they were to issue, and they don't carry the weight (and legal protections) of a rule.
The SEC has been working on some crypto rules in recent months, but they haven't yet been produced, and the process usually takes several months — sometimes years. Even a formal rule can still be reversed by a new leadership at the agency, which is why crypto advocates are pushing for more legislation from Congress that would set the government's digital assets approach into law, such as last year's Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
#Robert
#BTC
#xmucanX
#ZeusInCrypto
#UnicornChannel

Institutional demand for Bitcoin leverage has plunged to a multi-year low.
The crypto market is currently suffering from a severe case of indifference, according to new data from the derivatives sector.
David Lawant, a prominent market analyst, has pointed to the collapsing premiums in Bitcoin futures as definitive proof that speculative appetite has completely evaporated.
In a post on X, Lawant stressed the CME Bitcoin basis typically acts as a key gauge of institutional demand for leverage, noting that the "carry" trade has all but vanished.
The "basis" refers to the difference in price between a Bitcoin futures contract and the underlying spot market. In a healthy, bullish market, futures trade at a premium (contango) as traders pay up for leverage.
Where's the carry? CME BTC basis is a great gauge for market apathy rn," Lawant wrote. "Constant-maturity basis is compressing across the curve to levels not seen since Oct '23."
The analysis offered by the expert shows that the market is currently displaying less demand for upside leverage than it did during some of the most chaotic market crashes of the last two years.
Traders are pricing in less demand for leverage now than they did during the "Liberation Day flush" of April 2025 and the "German/JPY unwind" of mid-2024.
This shows that the market has moved beyond fear and settled into deep apathy. Investors are not currently panic-selling, but they certainly aren't buying. This leaves the derivatives market with a "flatline" signal that hasn't been seen since the quiet accumulation phase of late 2023.
#gonnarich
#Robert
#altcycle
#YapayzekaAI
#Uniswap’s

Die Rolle von Krypto bei Zahlungen für KI, regulatorische Veränderungen und der Markt für digitale Vermögenswerte dominierten die Gespräche vor Ort.
Diese Tools können genutzt werden, um automatisch Hotels und Flüge zu buchen oder andere Einkäufe zu tätigen, sagte Binance-CEO Richard Teng während eines Fireside-Chats am Donnerstag.
Wenn Sie an die agentische KI denken, also an die Buchung von Hotels, Flügen oder sonstigen Einkäufen, die Sie tätigen würden, wie Sie glauben, dass diese Einkäufe getätigt werden — es wird über Krypto und Stablecoins sein", sagte er. "Krypto ist also die Währung für KI, wenn man darüber nachdenkt, und so wird es sich entwickeln."
Andere Teilnehmer diskutierten die Marktvolatilität. Bitcoin ist in einem Monat bereits um fast 30.000 US-Dollar gefallen, und einige Branchenbeobachter befürchten, dass er vor dem Erreichen eines Tiefs noch weiter sinken könnte. Marktteilnehmer beobachten laut mehreren Personen, die CoinDesk berichteten, die Marke von 50.000 US-Dollar als einen wichtigen Punkt.
In ähnlicher Weise beginnt die Stimmung rund um Wettmärkte sich negativ zu entwickeln. Händler äußerten Bedenken, dass die Plattformen Liquidität aus „produktiven Sektoren“ abziehen könnten und dadurch einen „negativen Vermögenseffekt“ verursachen würden.
Im regulatorischen Bereich standen zwar die Ankündigungen der politischen Entscheidungsträger Hongkongs im Mittelpunkt, doch teilten Branchenvertreter CoinDesk mit, dass sie die US-Gesetzgeber und die Verhandlungen über die Gesetzgebung zur Strukturierung des Kryptomarktes genau beobachten.
Eine Person äußerte, dass der US-Markt groß genug sei, um einen überproportionalen Einfluss auf andere Regionen auszuüben, weshalb einige Regulatoren abwarten, wie sich die USA positionieren, bevor sie eigene Regulierungen im Bereich Krypto vornehmen.
Hongkong scheint nicht zu denjenigen Jurisdiktionen zu gehören. Die Securities and Futures Commission schreitet mit verschiedenen Vorschlägen voran, um Krypto-Unternehmen weiter in den regulativen Bereich einzubinden.
#Robert
#HotTrends
#Altcoins
#Ruckblick
#Alonmask

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Ripple CEO Brad $RSR
Garlinghouse Engages with President-electricTrump, Signaling Stronger U.S. Focus

Brad Garlinghouse, CEO of Ripple, along with Chief Legal Officer Stuart Alderoty, recently had a strategic meeting with U.S. President-elect Donald Trump at Mar-a-Lago. Sharing a photo from the event on social media, Garlinghouse described the interaction as an encouraging start to 2025, hinting at potential collaboration and growth within the U.S. financial landscape.

Ripple appears to be making a significant shift towards strengthening its presence in the United States. Garlinghouse disclosed that approximately 75% $RSR of the company’s open positions are now U.S.-based—a substantial change from previous years when international hiring dominated. This realignment is further reflected in Ripple's recent business activities, with more U.S.-centered deals closed in the six weeks following the 2024 election than in the preceding half-year, highlighting a clear pivot toward domestic expansion.

Garlinghouse remains optimistic about the future of cryptocurrency under the Trump administration, suggesting a favorable market environment fueled by what he described as a potential “Trump bull market.” His comments reflect growing confidence in pro-crypto policies that could emerge, with the so-called “Trump effect” acting as a positive driver for the digital asset sector. For deeper insights into his perspectives on how Trump’s leadership may influence the crypto$RSR market, refer to Garlinghouse.

🔥 Putin’s World War III Warning — What’s Really Going On?
Russian President Vladimir Putin just dropped a chilling message:
> "NATO is pushing the world toward World War III."
It’s not the first time he’s said it…
But this time, the world feels closer to the edge than ever before.
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🌍 The Ukraine War Isn’t Slowing Down
Putin says he’ll fight until a “logical end.”
Russia’s economy is now built for war — weapons, tanks, soldiers.
It’s not a short fight. It’s long-term. Strategic. Ruthless.
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🛑 NATO Is Making Moscow Nervous
The West is sending stronger weapons.
Political backing is firmer than ever.
Russia’s red lines? They’re being crossed — again and again.
Each move adds fuel to the fire.
Each warning gets louder.
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🌐 Global Tensions Are Boiling Over
It’s not just Russia–Ukraine.
Middle East conflicts are spreading.
China–Taiwan tension is heating up.
North Korea keeps launching missiles.
The world is on edge — one mistake could connect every hotspot into one global disaster.
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💣 WWIII: Just Words... or a Real Threat?
Putin knows the power of fear.
He uses “World War III” as a weapon — to intimidate, to pressure.
But what if he’s not bluffing this time?
A misfired missile
A cyberattack gone too far
One wrong move on any front…
That’s all it takes.
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📉 The Markets Are Watching
Oil prices are rising
Defense stocks are gaining
Investors are quietly shifting to safe assets
The smart money is preparing for the worst — even if no one wants to say it out loud.
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⚠️ What It Means for You
This isn’t just news.
This is a warning.
A signal that peace is fragile… and war might not knock — it might crash through the door.
Stay alert. Stay informed. Don’t ignore the signs.
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#WWIIIWarning #GlobalCrisis #Robert $BTC $TRUMP ussiaNATO #MarketWatch #UkraineWar #GeoRisk