no newsletter today! my home and office have become a construction site, getting windows replaced… what was I thinking…

gm #madrid!

I think @CaitlinLong_ is on to something here... In April, Treasury asked the Treasury Borrowing Advisory Committee (TBAC) to look into whether "tokenized money funds present a risk should they be allowed to compete with other payment or settlement instruments" (my emphasis) /1

😳 Even talking about firing Powell is enough to hurt markets. @NoelleInMadrid on why Trump’s threats are already doing damage 🇺🇸📉

🔥 No rate cuts this year… because of Trump? @NoelleInMadrid says Powell’s independence is under threat, and it’s already shaping Fed policy:

watching an @AmerBanker webinar on banks + stablecoins, and here's a gem that deserves more consideration from Jesse Honigberg of Customers Bank: "Speed is a feature until it's a bug." I've long been arguing that speed in tx is not a technology issue, it's a regulatory issue.

Hey all! In today’s CiMN, I dive into the BNY-Goldman Sachs tokenization platform – on a private ledger + ownership replicated offchain, but it’s an intriguing step forward in practical onchain utility compliance teams can get comfortable with. Could be a strong stepping stone.

just imagine the froth if the Fed lowers interest rates 🤔

the VIX is now at 15.0, for the first time since February... complacency risk???

one of the many joys of working from home… ❤️❤️