Treasury Secretary Bessent says “we are going to grow the GDP faster than the debt growth and that will stabilize the debt-to-GDP.”

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The post references a statement by Scott Bessent, the U.S. Treasury Secretary, who aims to stabilize the debt-to-GDP ratio by ensuring GDP growth outpaces debt growth, a strategy that aligns with economic theories suggesting that sustainable debt levels are manageable if economic output grows sufficiently. This approach is particularly relevant given the historical context where, […]

Treasury Secretary Bessent says “we are going to grow the GDP faster than the debt growth and that will stabilize the debt-to-GDP.” Read More »

Saylor’s STRATEGY Will Buy Bitcoin Again

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Michael Saylor’s post references MicroStrategy’s $59.13 billion Bitcoin portfolio, highlighting their strategy since 2020 to acquire Bitcoin as a treasury reserve asset, with 558,340 BTC purchased at an average of $29,171 each, now valued at $105,518 per coin amid Bitcoin’s surge past $105,000. The phrase “buys orange ink by the barrel” alludes to the saying

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UBS, the $1T banking giant, says their wealthy clients are ditching US dollar assets for crypto

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The news came from a video from a Bloomberg New Voices event where a representative from UBS, a major Swiss banking institution, discusses the increasing interest in cryptocurrency among wealthy clients, noting a trend of allocating up to 5% of their portfolios to crypto assets. This shift is part of a broader trend where traditional

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JPMorgan Chase settles first public transaction of tokenized treasuries using Chainlink

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JPMorgan Chase’s first public transaction of tokenized treasuries using Chainlink’s $LINK, announced on May 14, 2025, marks a significant step in blockchain adoption by traditional finance, building on a 2024 DTCC pilot with Chainlink that included major players like BNY Mellon and Franklin Templeton to standardize fund data on blockchains. Chainlink, launched in 2019 to

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Facebook seeks to launch crypto wallets and payments for 3 billion users

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Facebook’s 2025 announcement to launch crypto wallets for 3 billion users revives its earlier Libra project, which was shelved in 2019 due to regulatory fears of undermining sovereign currencies and enabling money laundering, as noted in a Forbes article from October 24, 2019. The initiative focuses on stablecoins, pegged to assets like the US dollar

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Pharmaceutical distributor, Wellgistics Health, set to integrate $XRP as a treasury and payments asset in $50 million financing deal

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Wellgistics Health, a NASDAQ-listed pharmaceutical distributor, announced a $50 million financing deal on May 08, 2025, integrating XRP as a treasury reserve and payment asset to enhance real-time healthcare transactions, aiming to reduce banking delays and costs across its network. XRP, developed by Ripple Labs, is a blockchain-based digital asset designed for fast, low-cost cross-border

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SEC has officially filed for a $50 million settlement with Ripple over XRP lawsuit

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Cointelegraph announces a $50 million settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, concluding a high-profile lawsuit over XRP’s alleged unregistered securities sales, which began in December 2020 when the SEC claimed Ripple raised $1.3 billion illegally. This settlement reduces the penalty from an earlier $125 million fine imposed in August

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Hester Peirce says the agency is considering a conditional exemption to allow trading of tokenized securities using blockchain, aiming to foster innovation while maintaining investor protections

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Hester Peirce, a U.S. SEC Commissioner often called “Crypto Mom” for her pro-innovation stance, announced the SEC is exploring a conditional exemption for tokenized securities on blockchain, aiming to modernize financial markets while ensuring investor protections through strict oversight. Tokenized securities involve digitizing assets like stocks or bonds on a blockchain, enabling faster settlements and

Hester Peirce says the agency is considering a conditional exemption to allow trading of tokenized securities using blockchain, aiming to foster innovation while maintaining investor protections Read More »

OREGON JUST SIGNED A BILL INTO LAW THAT ALLOWS PEOPLE TO USE CRYPTO COLLATERAL FOR LOANS

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Oregon’s Senate Bill 167, signed into law on May 7, 2025, updates the Uniform Commercial Code (UCC) to recognize digital assets like cryptocurrencies as legal collateral for loans, enabling individuals to borrow against their crypto without selling it. The law introduces UCC Article 12, which defines digital assets—including crypto, tokenized records, and electronic money—and allows

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President Trump says Fed Chair Jerome Powell won’t cut rates because “he’s not in love with me.”

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President Donald Trump criticizes Federal Reserve Chair Jerome Powell for not lowering interest rates, humorously attributing Powell’s decision to a lack of personal affection towards him. This reflects Trump’s ongoing frustration with the Fed’s monetary policy, particularly in the context of maintaining rates at 4.25%-4.5% despite Trump’s claims of low inflation and strong economic performance

President Trump says Fed Chair Jerome Powell won’t cut rates because “he’s not in love with me.” Read More »