Ryan VanGrack
@RVanGrack
Vice Chairman @coinbase; fmr GC Citadel Securities, SEC Senior Advisor, White House Atty | law, politics, crypto & Duke bball (not necessarily in that order)
208 Following 5.5K Followers
Chairman Selig and the CFTC get it: tokenization will revolutionize global financial markets.
If the U.S. wants to benefit from the next era of finance, we have to lead it.
Gradually, then suddenly.
After years of regulatory standstill, we just saw meaningful relief in a matter of hours: @SECGov Innovation Exemption and @CFTC No-Action Relief
The tide has officially turned.
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As anticipated, clear rules are coming. Today’s clarity comes courtesy of @SECPaulSAtkins, not Congress.
Tokenization is the biggest upgrade to financial infrastructure since Wall Street ditched paper for electronic trading. It’s no longer a question of whether tokenization will reshape finance - it’s a question of where.
The SEC’s innovation exemption is the first step to bringing this technology onshore and pulling our financial system into the 21st century.
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Community banks have been sold a false choice: resist crypto or get left behind.
That has it backward. Stablecoins are the equalizer, helping level the playing field against megabanks.
@Coinbase and @Moov are putting this into practice across 1,000+ community banks and credit unions.
Clear rules unlock opportunity - the Clarity Act is the key.
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Banks benefit from crypto.
We're partnering with @Moov to provide small and community banks the infrastructure for stablecoins.
That means acceptance, settlement, and real-time funding for more than 1000 of them, through the tech stacks they already use.
This is what regulated stablecoin infrastructure looks like.
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The Clarity Act is America’s oppt to set the standard & bring innovation onshore. Capital and talent follow clear rules.
Onchain finance and tokenization aren’t coming-they’re here. The question isn’t whether they’ll transform markets, but where.
Don’t cede the future. Lead it.
Thanks to @crypto for having me on to discuss the latest in the industry, including the upcoming vote.
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Another major institution takes a step forward. The National Sheriffs’ Association has officially dropped its opposition to the CLARITY Act.
The more people read the legislation, the clearer it becomes: real rules that protect consumers and strengthen law enforcement.
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This is a major step toward bringing equity perps to U.S. investors -- backed by a security futures framework with a 25-year track record.
Rigorous process. Strong investor protections. Clear U.S. oversight.
U.S. investors should have access to the world’s most actively traded products -- under U.S. rules.
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We're working to bring single stock perps to the US.
This week, we filed SEC-notice registrations for our derivatives exchange and broker.
We'll be collaborating closely with the SEC and CFTC to bring more major financial products onshore.
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This is a major step toward bringing equity perps to U.S. investors -- backed by a security futures framework with a 25-year track record.
Rigorous process. Strong investor protections. Clear U.S. oversight.
U.S. investors should have access to the world’s most actively traded products -- under U.S. rules.
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“Why do we need crypto?”
Great get for @Coinbase! @a2xai has deep, firsthand experience building and scaling modern financial infrastructure.
Looking forward to working together.
We're welcoming Anthony Armstrong to our Board of Directors and Audit Committee.
Anthony led global tech M&A at Morgan Stanley for nearly a decade, served in the Department of Government Efficiency, and most recently was CFO at xAI and X Corp.
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Further proof that passing the CLARITY Act is essential for banks, crypto, and consumers alike.
Major financial firms aren't waiting on the sidelines.
They're already building onchain with stablecoins.
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JUST IN: 21 major global banks including @BankofAmerica, @Citi, @GoldmanSachs, @DeutscheBank, and @UBS, just committed to launching a joint stablecoin company, targeting a USD-denominated stablecoin to go live in H1 2027.
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Despite the noise from incumbent banks, passing CLARITY will modernize our financial system and benefit banks, crypto, and consumers alike.
The reality is simple: stablecoin rewards aren’t a threat, and banks are already integrating blockchain into their own infrastructure.
Great catching up with @janetonthemoney on @BizBriefing this morning to discuss the latest.
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"Back in my day, stocks stopped trading at 4PM"
From the SEC to TradFi to @coinbase, I’ve had a front-row seat to the evolution of our markets. Nothing compares to the generational upgrade that's coming with tokenization.
We have the tech to modernize global finance. We just need regulatory clarity to ensure America remains at the forefront of this new era.
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Tokenization will likely be the biggest financial upgrade of our lifetimes.
Proof that the 1 in 5 Americans holding crypto come in all forms.
Supporters, skeptics, and everyone in between. Different perspectives, same innovation.
The tent - and the momentum - continues to grow.
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Crypto basher Rep. Rashida Tlaib stashes savings in Ethereum, Bitcoin: disclosures
You can’t tax your way around federal law.
Under the Internet Tax Freedom Act, states cannot single out digital commerce for discriminatory taxation. Illinois’s new tax on digital assets does exactly that—and it’s just one of its many fatal flaws.
Last week in Maryland, a court struck down a digital ad tax using this exact precedent. Illinois seems destined for the same fate.
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Today, @Crypto_Council and @BlockchinAssn filed a lawsuit challenging the State of Illinois’s Digital Asset Tax Act. A statement from CEOs @_jikim and @SummerMersinger follows.
Press release:
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Sounds like clarity is coming either way:
1. 60+ votes in the Senate on September 15th
2. Or a new set of rules from the CFTC and SEC on September 16th
Summer slowdown? Not at Coinbase.
In just the past 10 days:
→ 6.5% rewards on USDC balances
→ US500 perps tracking the top 500 US companies
→ VARA license secured for Deribit by Coinbase
→ Abu Dhabi established as our int’l tokenization hub
Combine this progress with the SEC’s Reg Crypto and the recent Clarity push, and it's clear that innovation doesn’t take a vacation.
Let’s keep building.
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For years, good-faith efforts to engage @SECGov were met with subpoenas instead of solutions – forcing @coinbase to sue to compel basic regulatory clarity.
Today, that era officially ends.
Kudos to @SECPaulSAtkins for ending regulation by enforcement and delivering what we've long sought: regulation by rulemaking.
Now it's up to the Senate to secure onshore innovation with the certainty that only CLARITY can provide.
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With our new proposal, the SEC is taking the most historic step yet to modernize federal securities regulations for crypto assets.
As the Crypto Capital of the World, the U.S. must and will lead. Regulation Crypto Assets will ensure that we do. 🇺🇸
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Citi joins a growing list of major financial firms recognizing the need for regulatory CLARITY (Goldman, Schwab, Fidelity, BlackRock…).
The debate isn’t about tradfi vs crypto. It’s about enhanced customer protections & US leadership/innovation vs status quo.
Who’s next?
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INSIGHT: @Citi CEO backs the CLARITY Act despite stablecoin yield concerns.
"We have not given up on pushing to get some improvements made to the bill, but we would like to see a good bill go through. I think it would be excellent for the system."
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