Layer3.news

KRAKEN CEO PUSHES BACK AT ABA WARNING OVER STABLECOIN YIELDS

https://media.crypto.news/2025/10/crypto-news-The-stablecoin-market-is-in-for-a-diversification-boom-option04.webp

✍️ Kraken CEO David Ripley criticized the American Bankers Association for opposing stablecoin interest payments, arguing that it's a move to protect bank profits at the expense of consumer choice.

👉 The American Bankers Association opposes stablecoin interest payments, citing concerns about deposit flight and undermining banks' role in community lending and financial stability. 👉 Kraken CEO David Ripley argues that the move is 'moat building' to protect bank profits at the expense of consumer choice. 👉 The GENIUS Act established new stablecoin rules in the U.S., allowing exchanges to offer 'rewards' to holders but not direct interest payments. 👉 Some analysts note that most stablecoins are backed by short-term U.S. Treasuries or bank reserves, giving them a security profile similar to traditional deposits.

-- #DavidRipley #BrookeYbarra #DanSpuller #BrianArmstrong #technology

KRAKEN CEO HITS BACK AS BANKER CALLS STABLECOIN YIELDS A ‘DETRIMENT’

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✍️ Kraken CEO David Ripley responds to American Bankers Association's criticism of stablecoins, arguing that consumers should have the freedom to choose where they hold value and that the crypto industry is building a system where services are accessible to everyone.

👉 Stablecoins offer up to 5% interest on deposits, compared to the US national average savings rate of 0.6% 👉 The crypto industry is pushing back against traditional finance (TradFi) 👉 Stablecoins may be safer than deposits held at commercial banks 👉 The crypto industry is building a system where services are accessible to everyone

-- #DavidRipley #BrookeYbarra #DanSpuller #DiogoMonica #MattPoblocki #DonaldTrump #UnitedStates #Australia #technology

NORTH CAROLINA LAWMAKER INTRODUCES DIGITAL ASSET FREEDOM ACT

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✍️ North Carolina introduces a bill to recognize digital assets as a form of payment and tax payment, with provisions that make Bitcoin uniquely qualified.

👉 Introduces the North Carolina Digital Asset Freedom Act 👉 Recognizes digital assets as a form of payment and tax payment 👉 Qualifying digital assets must meet specific criteria, including a minimum market capitalization of $750 billion and a daily trading volume of over $10 billion 👉 Bitcoin is uniquely qualified under the bill's definition of a digital asset 👉 Part of a series of state-led Bitcoin strategic reserve legislation in the US

-- #NealJackson #RoyCooper #DanSpuller #NorthCarolina #technology

PRO: NORTH CAROLINA’S STRATEGIC BITCOIN RESERVE BILL A ‘BIG DEAL’

https://crypto.news/app/uploads/2024/12/crypto-news-Bitcoin-Reserve-policy-option02.webp

✍️ North Carolina has introduced a bill to allow state lawmakers to invest up to 10% of the state's funds into digital assets, including Bitcoin.

👉 HB 92 allows state lawmakers to invest up to 10% of the state's funds into digital assets 👉 The bill was introduced by Rep. Destin Hall, the Speaker of the NC House of Representatives 👉 The bill is co-sponsored by Representatives Mark Brody and Steve Ross, known for their support of Bitcoin 👉 The bill would allow state-managed funds to invest in exchange-traded products tied to digital assets with a market capitalization exceeding $750 billion

-- #DanSpuller #Rep.DestinHall #MarkBrody #SteveRoss #NorthCarolina #politics

Institutions are betting big on RWAs and expecting large returns.

The tokenization of real-world assets (RWAs) is a growing trend, with estimates suggesting a market size of $4 trillion to $30 trillion by 2030. Major players like BlackRock and Boston Consulting Group are placing serious bets on this market, recognizing its potential to revolutionize how assets are traded, owned, and invested. The growth of RWAs faces several practical challenges, including the absence of unified verification standards, managing custody, and proving legitimacy. ● Estimates suggest a market size of $4 trillion to $30 trillion by 2030 ● Major players like BlackRock and Boston Consulting Group are investing in RWAs ● Tokenization offers benefits such as enhanced liquidity, transparency, and security ● Growth faces challenges including verification standards, custody, and legitimacy

#MichaelBucella #DanSpuller #SergeyNazarov #GaryGensler #NewYork #neutral #technology