While politicians “protect” you from crypto… Let’s check in on the national average bank savings account yield. This is from a weekly survey of 500+ banks & credit unions. You’re reading that right… it’s 0.64%.

Wall Street is getting deeper into crypto… 👀 And the industry is once again being reminded that security matters more than ever. Catch last week’s recap with Kate @KatrinAtBitMart and stay ahead of the biggest trends shaping crypto 🌍👇

Clarity Act failing may have been best thing that ever happened to crypto… Seems like industry & regulators have shifted into overdrive over past week. Basically a two year window to upgrade financial system & first week progress hasn’t disappointed.

Now that Clarity is off the table, expect the SEC & CFTC to move quickly & aggressively in issuing addn’l guidance on crypto… Will be regulation by innovation for at least the next two & a half years.

SEC continues to provide crypto *clarity*… Proposes new framework for custody of crypto assets by investment advisors & funds. Would permit crypto assets to be held in self-custody under certain circumstances & allow use of state trust companies as custodians for client & regulated fund crypto assets.  SEC Chair Atkins: “More regulatory proposals are on the horizon.” Moving quickly & aggressively. Like I said, some politicians are going to wish they passed Clarity Act.

Strong case to be made this was biggest week in crypto history… *Despite* Clarity Act failing. The two most important regulators in SEC & CFTC have clearly & resoundingly messaged their support for crypto innovation. That would have been absolutely unheard of 2 or 3 years ago. As a matter of fact, you previously might have been prosecuted for pursuing crypto innovation in good faith. There’s now a legitimate window opening for the industry to build in public & show its value. Now’s the time.