许哥是多军

🚨 THE FED AND SEC ARE QUIETLY BUILDING THE RULEBOOK CRYPTO HAS BEEN WAITING FOR. The Fed just proposed a formal framework for payment stablecoin issuers under the GENIUS Act, including 1:1 backing with high-quality liquid reserves such as short-term Treasuries, capital requirements, risk-management standards, custody rules, and a dedicated approval process for banks that want to issue stablecoins. At almost the same time, SEC staff clarified that for functional crypto networks, things like token buybacks do not automatically create a securities contract by themselves. The SEC also stressed that this is staff guidance, not a binding new rule. That combination matters. Fed → clearer rules for digital dollars. SEC → more clarity for functional crypto assets. This is not deregulation. It is something potentially more important: Crypto is being pulled deeper into the regulated financial system instead of being pushed outside it. For stablecoins, the direction is obvious: more reserves, more oversight, more bank participation. And if that framework survives the comment process, the next phase of adoption may look less like “crypto vs banks”… and more like banks issuing crypto-native money themselves. 👀 $USDC $CRCL $COIN $ETH #fedproposespaymentstablecoinrules #ChinaMayLetAlibabaByteDanceBuyNvidiaChips #USChinaRelease$30BTariffCutProductLists #SKoreaFSCConsidersVirtualAssetMarketMaker #ChinaIndustrialProfitGrowthSlowsFourthMonth