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Jack BlockchainJack
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🚀DeFi fans, brace yourselves! HK Stock Exchange's Stock Connect is getting a blockchain upgrade called Synapse! 🤖 😂Laugh all you want, but this bad boy will use smart contracts to execute post-trade workflows & reduce settlement risk. Efficiency, here we come! 🌟 🔗Synapse connects HK & mainland China markets, creating settlement instructions for all parties, enabling concurrent processing & near-instant updates. Talk about a game-changer! 🎮 💰The Stock Connect's avg daily turnover reached $15.3B in 1H 2023, up 5% YoY & 50% from 2020 levels. 📈 🇦🇺Meanwhile, down under, ASX has been advised to adopt blockchain for its settlement system too. Will they follow suit? 🤔 🗓️Mark your calendars, Synapse launches in HK on Oct 9! 🎉 🗣️What do you think about this blockchain upgrade? Share your thoughts in the comments! Let's get the conversation going! 💬

🚀DeFi fans, brace yourselves! HK Stock Exchange's Stock Connect is getting a blockchain upgrade called Synapse! 🤖

😂Laugh all you want, but this bad boy will use smart contracts to execute post-trade workflows & reduce settlement risk. Efficiency, here we come! 🌟

🔗Synapse connects HK & mainland China markets, creating settlement instructions for all parties, enabling concurrent processing & near-instant updates. Talk about a game-changer! 🎮

💰The Stock Connect's avg daily turnover reached $15.3B in 1H 2023, up 5% YoY & 50% from 2020 levels. 📈

🇦🇺Meanwhile, down under, ASX has been advised to adopt blockchain for its settlement system too. Will they follow suit? 🤔

🗓️Mark your calendars, Synapse launches in HK on Oct 9! 🎉

🗣️What do you think about this blockchain upgrade? Share your thoughts in the comments! Let's get the conversation going! 💬

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🚀Hey crypto enthusiasts! Biden just vetoed a resolution that would've repealed the SEC's SAB 121. This controversial rule makes banks keep customer's crypto on their balance sheets. Critics say it's a buzzkill for banks wanting to work with crypto companies.😒 Biden's all about consumer and investor well-being, and he's not backing down. He's worried that this resolution would tie the SEC's hands and mess with accounting practices.👨‍⚖️ Banks and Congress members tried to convince him to sign the resolution, arguing that SAB 121 stops banks from offering custody services. But Biden's sticking to his guns.🔫 Sen. Ron Wyden, a fellow Democrat, thinks this rule creates a different standard for crypto. What do you think? Is this a step forward or backward for DeFi and Web 3? Let's chat in the comments!👇👇👇 #CryptoNews #DeFi #Web3
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🚀🚀Crypto world and Wall Street are teaming up in a rare alliance! They're asking President Biden to rethink his plan to veto a resolution that would cancel a controversial SEC crypto policy.🤝 💼SAB 121, the policy in question, requires banks to treat digital assets differently, keeping them on balance sheets. Crypto companies and banks agree that this could hinder their business.👎 📝In a letter to Biden, groups including the American Bankers Association and Financial Services Forum said SAB 121 "precludes regulated banking organizations from offering digital asset custody at scale." They're asking Biden to reconsider, or at least work with the SEC to rescind the guidance.🙏 🏛️Meanwhile, 11 Senate Democrats, including Majority Leader Chuck Schumer, have also gone against the president on this issue. They argue the SEC's policy sets a different standard for crypto than the rest of the financial sector.🔍 🗣️What do you think? Should Biden veto the resolution or not? Share your thoughts in the comments!👇 #DeFi #Web3 #CryptoNews
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🚀Hold on to your crypto hats, folks! Sen. Ron Wyden, a crypto-friendly Senate Democrat, has hinted that the crypto industry might have to play the waiting game for legislative solutions. But hey, don't lose heart, he's optimistic about the momentum continuing in Washington next year!💪 📜Wyden and his Senate buddies have put a pause on the SEC's crypto accounting standard (SAB 121). They're considering a "different standard" for digital asset custody. So, it's not all doom and gloom, folks!🔍 🏛️The FIT21 bill, which aims to establish a digital assets market structure, has received a thumbs up from a third of the Democrats in the House of Representatives. Now, it's in the Senate's court. Let's see how this plays out!🎾 💼Wyden, who also happens to be a member of the Congressional Internet Caucus, is all for stablecoins and blockchain innovations. He even mentioned the potential for portable medical records. How cool is that?🩺 🗳️And guess what? He thinks crypto is a "great issue for people to run on" in this year's congressional elections. So, let's keep our eyes peeled for more crypto-friendly candidates!👀 🎉There's no denying the growing interest in crypto. As Wyden puts it, it's being driven by "young, creative people." So, let's keep the conversation going in the comments, folks! What are your thoughts on the FIT21 bill and the future of crypto legislation?👇#DeFi #Web3
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