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스테이블코인 법안(GENIUS/STABLE Act)의 상하원 조율 진전과 Ripple의 RLUSD 규제 준수 전략을 소개. RLUSD의 TVL 비율이 타 스테이블코인보다 높다고 강조하며, 기관 중심 수요와 Archax의 미국 진출을 근거로 XRP 수요 증가를 주장. Larry Fink의 토큰화 서한과 달러 기축 지위 약화 가능성 언급. 결론적으로 유동성 유입으로 XRP 같은 위험자산이 4월 2025 내 강세를 보일 것이라는 개인 의견 제시.
다듬은 글
hey guys and welcome to the working Money Channel we just got some breaking news from Capitol Hill the Bitcoin historian posting this Senator tuberville just announced he will reintroduce the financial freedoms ACT tomorrow it will give all Americans the freedom to invest their retirement in Bitcoin and crypto the Biden Administration just hammered the American people with regulations and tomorrow I'm dropping a bill called the financial freedoms act and it allows families and individuals to invest the retirement funds into the crypto now president Trump has become the crypto president and uh we want to help him with this uh this will be something good for for everybody uh diversify this is a free country do what you want with your money but the Biden Administration they didn't want anything to do with crypto and now that is all changing with the Trump Administration I mean uh you know we should always have been allowed to do what we want with our heart earned money we're seeing new reforms too in the Senate guys this one courtesy of Michael Branch the US House and Senate are aligning their respective stable coin regulation bills so this uh just came out uh today as well on April 1st the US House of Representatives made progress towards the alignment of its stablecoin act uh with the Senate's genius act for stable coin regulation revealed by Brian stale uh the house digital assets subcommittee chairman this move is significant as it represents a concerted effort between the two legislative branches uh this alignment follows multiple draft uh revisions aided by the SEC and the cftc so they're both uh working on this the house and the Senate now have a 20% textual difference uh which steel describes as non-substantive these collaborative efforts address Global digital Financial challenges so the harmonization process involved technical collaboration with regulatory agencies still uh emphasized the alignment's closeness to being finalized despite differences concerning International stable coin issuers so obviously because there are many different stable coins out there they have to kind of uh create a framework that um that uh really kind of punishes the Bad actors and uh you know and and helps the ones that do want to be compliant to really shine and to take uh a large part of the market share according to Congressional discussions these variables are crucial for a uniform regulatory framework which could potentially ease tensions with global digital finance and uh here we also have a quote from Brian stale chairman of the US House digital assets subcommittee approximately 20% difference remains between the stable Act and the genius act so um essentially there they still need to get on board with a couple of uh I guess with a couple of items there but guys it is moving in the right direction so I wanted to thank Michael Branch for posting that uh we also have Jack McDonald talking about the RL USD specifically and how it's been a tough Journey because of the rigorous stable coin rules Ripple had to jump through a lot of Hoops but I think for you know a positive outcome when we do get out the other side this courtesy of Riz listen to this what would your advice be for a company or a project that is thinking about launching a stable coin how do you know if it is the right thing to do and what challenges are there it's not just as easy as just um flipping a switch is it oh I can tell you emphatically it's not as easy as flipping a switch I think a lot of folks have looked at tether's success in trying to emulate that and I think as a first mover they're oneof one in terms of uh the sample set of how you can launch a stable coin with the sort of financial success that I had over that time period the industry has changed quite meaningfully and I think of it in some ways is really a war of attrition it is a long game to play and you need to be I think structured in a way that sets you up for success to be able uh to think long term to find the partners you want to work with to have the resources to fund it and specifically with our Playbook we've taken a regulatory compliant approach and so as you know you can either go the unregulated route and see where that takes you or you can go the regulated route and if you're going to go the regulated route it is a complicated and complex process it's costly it takes time and it takes I think very thoughtful collaboration with The Regulators globally to make a successful long-term Global product in a market that's evolving in front of you so there's not a lot of precence frankly on how to do this all the different stable coin issuers have some things in common and then they have others you know that are more bespoke or unique to them as I referenced earlier we're thinking about this and have from day one as a global opportunity and then you think about the regulatory environment where there is a lack of harmonization globally between different jurisdictions of how uh each of the respective Regulators are going to treat this we actually spoke about this with superintendent Harris yesterday in New York that um you know she's optimistic that there will be some Global collaboration we've met with Regulators uh in the EA we've met with uh companies and Banks and regulators and and legal counsel in other parts uh of the world the Middle East and Asia Etc trying to um create a plan and a pathway that will allow us to uh service the marketplace on a global basis through a regulated approach it would be much easier if you took the position that will do it in an unregulated way and that's been fine for the 0 to 230 billion largely retail driven Market our view at Ripple is at the next leg of demand that meaningfully boost the overall addressable Market is going to be institutionally driven and that institutions are going to really favor those issuers that are heavily regulated that are transparent that think about the composition and management of the reserves uh in a very conservative way that use service providers that are regulated that are transparent that are robust Etc and so that construction of that of that business just takes a a lot of time effort resources people and I think issuers need to be cognizant of that this is not a side project where you can just jump into the game and uh try to emulate tether's success so that again was Jack McDonald giving us a very indepth uh look into what Ripple had to go through what uh you know the process was to create the RL USD not a side project of course you know everybody wants to be the next tether but uh because of the uh uh compliancy issues right these guys had to work with Regulators as uh we have seen them do over the years and uh even just yesterday I did a video where Jack McDonald uh in the clip there that you heard him say they were in a room with Adrien Harris just yesterday and I did talk about that in yesterday's video which I will link up here in the top rightand corner so thanks so much to Riz for posting that uh Elanor turret also bringing us some interesting news the banking GOP has scheduled a committee vote for SEC chair nominee Paul Atkins on Thursday so that is happening in two days if you guys are watching this video on the day that I'm releasing it the committee will also vote on Jonathan G uh to be the controller of the currency Luke ptit to be the assistant uh Secretary of the Treasury and Marcus moleno to be the Federal Transit administrator so guys we could have Paul Atkins become the new chair of the SEC as early as Thursday so I wanted to thank Elanor turret for posting that guys I also happen to see this from the angry crypto show now we've been talking about stable coin regulation how that's going to affect uh well many different things I think uh while the prices of cryptocurrencies are going to go up but also the utility for um well for everyday people using cryptocurrencies is also going to rise and you know whether that happens in the form of stable coins first that's uh probably going to be the case I don't think uh it really matters in the grand scheme of things but have you actually thought about who's going to be adopting this and how quickly this is Charles hoskinson saying you know once the stable coin and Market structure bills pass we are going to see the flood gates open and the biggest companies are going to offer crypto Wallets on their platforms there's two bills that are currently being discussed in the House and Senate uh the one that's most likely to pass in the next 30 to 60 to 90 days is the stable coin Bill and then the second one's the market structure Bill once those two bills pass Apple Microsoft Google Facebook are going to say hey we're crypto people now and so they're going to put wallets in their platforms because they can capture an enormous amount of the market when you add their user bases of three billion people and when they have those three billion users it's like they they have cryptocurrency wallets right in Windows right right in uh right in Facebook right right in your cell phone apps you know right in iOS uh and because they now can legally hold stable coins and use stable coins they're going to do it because they don't like paying the processing fees on credit cards so they'll issue their own stable coins or partner with people to do that and they have feess transactions inside the system uh and then suddenly these tech companies become financial service providers and they have so much money and so much power that they'll push through once that's there and you have a good regulatory regime it's very easy then to click a button to create yield products on top of that so that's what's going to bring the value flow in because the users already are wired into that system their money's already there their credit cards are already there their purchase power is already there uh and there's just too much Temptation not to do that and the competitive equilibria are such that they have to do that once these two bills passed that opens the floodgates and that's three billion people so you think about it guys it's going to happen boom like that once we do see that legislation pass so wanted to thank angry crypto show and Charles hoskinson for his viewpoint on that now speaking of the RL USD speaking of stable coins vet just stated this about the RL USD courtesy of Michael Branch so in a recent tweet vet an xrp DL validator highlighted Ripple's USD stable coin the RL usd's lead over other stable coins in a recent tweet he stated the RL USD is the most Capital efficient stable coin in the entire crypto Market currently check this out guys so it has a tvl ratio of 37 whoops I've got the Tweet actually up here already uh leaving other top stable coins behind so like the PayPal USD that's only at 6.5 circle is only at 14.26 which I'm surprised uh about Dai is at 2.27 and Athena USD only at 2.1 um but tether guys that's at 34 nevertheless we do have the RL USD at 37 and so here is the Tweet to that effect we got 37.8% that is volume to Market and uh for those of you guys who do not know total value locked okay this is the uh the metric that he's talking about total value locked in cryptocurrency everything you need to know so uh the key takeaways basically the total value locked measures the US dollar value of assets locked in blockchain uh it is an important indicator of investor and developer interest in a blockchain or decentralized application so we have a high number there for the RL USD again just want to reiterate that tvl is similar to bank deposits for decentralized finance or defi projects so there you have it it is at the highest level now poised to really kind of break out and uh take over I think uh you I think Ripple is ready to take over a large swath of the stable coin Market I sincerely do believe that I I think that um you know they've they've position themselves in a way where they can really kind of jump in and uh take up a big portion of that market and if we do see that RL USD become the main coin in the United States well that's just going to mean more demand for xrp because xrp is what runs The xrp Ledger Wrath of Conan also commenting on uh this new Ripple partner archa guys they're collaborating to bring hundreds of millions of dollars to the ex RPL maybe you forgot back in October of last year digital asset exchange araks did acquire a Spanish broker uh and they're partnered with ripple of course ours initially started by focusing on providing a digital Securities Marketplace but quickly expanded into a cryptocurrency exchange uh on the tokenization front asset manager aberin is the largest outside investor The Exchange lists funds from aberin Black Rock and Fidelity International and this is a quote from Arch's CEO gra Graham rodford the archa strategy has always has been to expand its regulatory footprint globally and the EU region being of prime importance for US post brexit this acquisition expands and enhances our access to permissions within the EU region building on those we hold with the CFA in the UK said Graham rodford uh it also broadens our regulatory uh regulated capabilities particularly in distribution and crypto derivatives positioning us well for the upcoming implementation of myom in the EU this was the same guy okay Graham rodford who said that uh maybe one day 30 to 50 I think it was 30 to 50 trillion we could see being traded in derivatives products over RS using The xrp Ledger well now guys archa has acquired globa cap as a bridge head to the United States so archa the UK FCA regulated digital and traditional asset exchange broker and custodian today they just announced the acquisition of global cap private markets so that is a US SEC and finra regulated broker dealer and alternative trading system to be renamed racks markets in the United States this acquisition will enable our checks to extend its distribution reach into the US market and follows its recent uh recently announced acquisition of the Spanish broker King which I just mentioned which gives RS a regulated presence in the EU Global cap PMI uh currently operates a regulated broker dealer an alternative trading system to provide uh primary and secondary Securities transactions in US private markets uh through this acquisition racks will leverage these permissions and capabilities to offer its relevant core real world asset products and services in the United States archa provides issuance custody distribution and trading for assets in both traditional and digital form it has introduced products across multiple asset classes including tokenized money market funds corporate bonds uh carbon credits and Uranium on its platform rcks will also be adding uh to traditional assets into the mix starting with UK equities and guilts and soon us instruments as well so Graham rodford CEO and co-founder again of arack with another quote here the arack vision is always or has always been to offer our rwa products and services globally the acquisition of global cap PMI in the US Builds on the strong partnership we already have with them in the UK and is part of our Global strategy in particular we want to help support institutional Market participants transition from traditional to digital assets and give them the regulated tools and services they need to do that the US is an enormous and important Global Market and with the recent change in government and new clearer and more open regulated landscape it is important for firms in our space to have a clear us straty and this transaction gives us just that so this is why guys this is why they're they're opening it up to the US I was wondering when we were going to see our checks enter the US and I guess they just needed a little bit more regulatory Clarity there from the Trump Administration again a company that's already running on The xrp Ledger Graham uh rodford has famously said that he thinks uh and he was saying this you know pretty confidently 30 to 50 trillion doll could be tokenized over The xrp Ledger through the archa company so you know now they have a foothold in the US so that is likely going to be a reality Panos on Twitter X bringing this up too guys this letter is by Larry Fink the CEO of Black Rock and it's one of the most bullish things you will read about crypto and especially xrp so this is what Black Rock did just release by the way uh here is the uh the document here from Black Rock released 18 hours ago this is the new era for investing read Larry Fink's letters uh letter to investors and learn more but guys now he's putting it on paper now it is becoming official the world's money moves through Plumbing built when trading floors still shouted orders and fax machines felt revolutionary so let's remember that you know we're entering a new age here and note that he's uh you know commenting on the plumbing right we've heard Brad Garling how was calling uh calling the infrastructure the plumbing in the past too uh take the society for worldwide interbank Financial telecommunications or Swift it's the system that underpins trillions of dollars in global transactions every day and it works much like a relay race Banks handoff instructions one by one meticulously checking details at each step that relay approach made sense in the 1970s and analog era when the markets were much smaller and daily transactions were much fewer but today relying on Swift feels like routing emails through the Postal Service tokenization though changes all that and this is where it gets interesting so if Swift is the postal service tokenization is the email itself uh assets move directly and instantly Sid sidest stepping intermediaries what exactly is tokenization you ask it's R turning real world assets so stocks bonds real estates uh real estate into digital tokens tradable online each token certifies your ownership with a specific asset much like a digital deed unlike traditional paper certificates these tokens live securely on a blockchain enabling instant buying selling and transferring without cumbersome paperwork or waiting periods so again uh pretty much describing what The xrp Ledger is set out to do uh okay so every stock every Bond every fund asset uh can be tokenized so if they uh if they are it will revolutionize investing markets wouldn't need to close transactions that currently take days would clear in seconds and billions of dollars currently immobilized by settlement delays could be reinvested immediately back into the economy generating more growth so essentially he is saying you know this is the future we have archs expanding their footprint in the United States and uh you know as US dollar dominance goes down remember the stable coin bill I think uh in a large part is created to help Preserve US dollar dominance but Larry fin also thinks and uh this is just on a separate topic with regards to Larry fin he also thinks that the US dollar could lose Reserve status to bitcoin so uh just another thought here from Larry thinkink he made the remark in the Chairman's annual letter to investors so in that same letter think did right in the letter that the US has benefited from its National currency status as the world Reserve currency for decades however it's not guaranteed to last forever uh and it could be usurped guys by Bitcoin or some other cryptocurrency f also highlighted the success of black Rock's Bitcoin exchange traded fund of course uh of course he's going to mention that he mentioned up here while decentralized Finance is an extraordinary Innovation that makes markets faster cheaper and transparent so going back to this idea that uh you know tokenization is really going to be uh well the new way we make trades the new way we conduct business and The xrp Ledger at the center of it we've got our checks playing a huge part in this we've got stable coin legislation and regulation coming down the pike very very fast and we're going to see markets turn around guys I think uh you know it's imminent I think we are going to see a liquidity injection into the markets and this is going to make risk on assets like xrp sore in the coming months dare I say this month April 2025 that's just my opinion and for more opinions on the market the market structure and uh you know where I think markets are going to go where I think xrp price is going to go follow me at patreon.com workking Money Channel and if you haven't already checked it out I do have a merchandise store offering 20% off for the month of April check it out guys you can find that in uh description of every video I do but that's just my opinion I want to hear what you guys think please subscribe to this channel if you haven't already like the video if you like the content I'm providing I always love hearing your comments see you in the next one guys
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