Vice Chairman @coinbase; fmr GC Citadel Securities, SEC Senior Advisor, White House Atty | law, politics, crypto & Duke bball (not necessarily in that order)
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?
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."