energy_wave
1 주 전
Sergey Nazarov Predicts RWA Will Surpass Cryptocurrency Market
On February 26, 2025, Sergey Nazarov, co-founder of Chainlink, made a significant statement on X (formerly Twitter), asserting that Real-World Assets (RWA) are poised to surpass the cryptocurrency market in impact and size (Source: X post by @CryptoMichNL, February 26, 2025). This statement was shared by Michaël van de Poppe and included a link to a YouTube video where Nazarov elaborates on his reasoning. At the time of the statement, the cryptocurrency market was experiencing a slight dip, with Bitcoin (BTC) trading at $64,321.25 at 12:00 PM UTC and Ethereum (ETH) at $3,512.48 (Source: CoinMarketCap, February 26, 2025, 12:00 PM UTC). The total market cap stood at $2.3 trillion, reflecting a 1.2% decrease over the past 24 hours (Source: CoinMarketCap, February 26, 2025, 12:00 PM UTC). In the same timeframe, the trading volume for BTC was $32.4 billion and for ETH was $18.2 billion, indicating a heightened level of market activity (Source: CoinMarketCap, February 26, 2025, 12:00 PM UTC). Additionally, the RWA-focused token, Chainlink (LINK), saw a 2.5% increase in price to $24.89, suggesting immediate market reaction to Nazarov's statement (Source: CoinMarketCap, February 26, 2025, 12:00 PM UTC).
https://blockchain.news/flashnews/sergey-nazarov-predicts-rwa-will-surpass-cryptocurrency-market
energy_wave
2 주 전
The Biden Administration's Operation Choke Point 2.0 Was Carried Out by The Prudential Regulators to Target and Debank the Digital Asset Ecosystem
This is the reason the Sumcoin Exchange Index Fund was stopped dead in it's tracks, with both BMCS and USEI bank accounts frozen, imo. They were de-banked because of Biden's orders.
Washington, February 6, 2025 -
Today, the House Financial Services Committee is holding an Oversight and Investigations Subcommittee hearing, led by Subcommittee Chairman Dan Meuser (PA-09), to examine the negative effects of the Biden Administration's Operation Choke Point 2.0 and hear testimony by those affected and experts in the digital assets ecosystem to understand the depths of the problem and measures necessary to fix it.
Read Subcommittee Chairman Meuser’s opening remarks as prepared for delivery:
"Today’s hearing is entitled, “Operation Choke Point 2.0: The Biden Administration’s effort to put Crypto in the Crosshairs.” I’d like to thank the witnesses for appearing before the Committee today to share their experience and expertise on this issue.
"The Biden Administration’s Operation Choke Point 2.0 was carried out by the prudential regulators to target and debank the digital asset ecosystem.
"The FDIC used offline conversations and threats of formal supervisory actions to pressure banks to deny service to digital asset firms, their employees, and even their customers.
"This is a serious abuse of regulatory power. Unfortunately, you would be wrong to assume that this is the first attempt to debank an entire industry.
"Beginning in 2013, Obama’s Department of Justice enlisted bank regulators in the first iteration of Operation Choke Point. Obama’s Operation Choke Point targeted gun manufacturers, payday loan companies, our energy industry, and other businesses in legal industries that were “disfavored” by the Obama Administration.
"Their plan was straightforward – use the prudential regulators’ authority to threaten supervisory action against banks who chose to provide services to these industries.
"After that, the bank has an ultimatum – continue to bank these customers under the looming threat of scrutiny or comply with the regulators’ demands and remove that line of business from their books.
"The Biden Administration broke out the same playbook. This time their target was the digital asset ecosystem. Biden regulators resorted to vague, interpretive regulatory letters, threatening banks with negative examination scores, and fines if they continue their partnership with digital asset companies.
"This was a serious overreach, one that not only undermined innovation, but directly harmed consumers by restricting their access to new and beneficial financial products.
"Acting FDIC Chairman Travis Hill just yesterday exposed Biden’s Choke Point activities that debanked crypto firms across the country.
"He said:
'Requests from… banks were almost universally met with resistance... Both individually and collectively, these and other actions sent the message to banks that it would be extraordinarily difficult—if not impossible—to move forward. As a result, the vast majority of banks simply stopped trying [to do business with crypto companies].'
"However the FDIC promised to correct course moving forward, and I will continue to conduct oversight on their progress and determine legislative solutions to make sure this does not happen again.
"Access to capital and banking services are critical to the success of American businesses – and that’s why I’m looking forward to hearing from our witnesses today about how the regulators have been choking out crypto and to discuss solutions to make sure it permanently stops.
"The free market thrives when innovation is allowed to flourish. Regulators have a duty to protect our financial system – but not at the expense of legitimate businesses like energy and crypto companies."
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409457
Slojab
4 주 전
A lot of excuses there. As well as a "may be why", "if it wasn't for", "would have been", "we may see", "think we may" and a "could still be".
Let's just wait and see what Miller comes up with over the next few months in order to add value to this ticker. So far, he hasn't monetized whatever Sumcoin he may have nor has he gotten anyone to show interest in the calcium carbonate minerals that he has the right to mine.
Btw, have you been watching his videos on You Tube? I don't see where he's bothered posting anything recently.
According to Anthony K. Miller, CEO, "in preparing this press release there were three (3) issues that troubled me #1 the interview was over 1 hour long; #2 the audio quality was not great even with enhancements #3 nobody has that much time to listen to me ramble about our excellent business opportunity. So, Today I announce our YouTube channel @Biotech Medics and I hope that you listen to some of the videos that I just placed on this channel. They range from our promotional videos to me just recreating excerpts (and topics) from the August 8 interview. This will be a permanent place where we will continue to add content related to our business and operations. My hope is that you hit the Subscribe button and Notification Bell and you will get our videos directly when we upload them. My hope is that these series of press releases and now videos will help you understand our excellent business model that we feel will be a long running and profitable enterprise… commented Miller"
energy_wave
4 주 전
So, around January 11th the Commodity Vault Covo transaction traded 100 coin. Not long after, on the 26th, Tony posted this on X...
BMCS tokenized project to start soon...
https://cointelegraph.com/news/tokenized-bond-market-30x-2030-fintech-exec
If you look at the trends for 2025, RWA Tokenization is right on top.
RWA Tokenization Is Going to Trillions Much Faster Than You Think
A new report from Security Token Market forecasts $30 trillion in asset tokenization by 2030, led by stocks, real estate, bonds and gold.
https://www.coindesk.com/opinion/2025/02/07/rwa-tokenization-is-going-to-trillions-much-faster-than-you-think