CEO @crypto_council. Formerly @Gemini, @KrakenFX, & @WillkieFarr. Tweets are not legal or financial advice. Views mine.

New York, NY
Joined June 2023
Congratulations to the @USOCC for moving quickly to implement the GENIUS Act. Clear rules for payment stablecoins will protect consumers, support innovation, and strengthen the U.S. dollar. SoFiUSD is helping bring the future of finance to life. Let’s go! @SoFi Fresh Horse 🐎 We RIDE!!
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TOMORROW: Why the Crypto Voter Matters Crypto policy leaders from @BlockchainAssn, @crypto_council, @DigitalChamber, and @NatCryptoAssoc join @masonlynaugh to talk about what's at stake for crypto voters this cycle. Featuring @lindsayfraser0, @Rashan, @ZuneraMazhar and @OnChainAli. xitter.cf/i/broadcasts/1jGXgBryy…
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Thank you @SECGov for advancing regulatory clarity for crypto entrepreneurs and investors. And thank you to CCI members for your partnership in crafting thoughtful recommendations to help advance Regulation Crypto Assets' key objectives 🙏 ✍️
1/ Crypto has long sought a clear, purpose-built pathway for crypto asset securities offerings. The @SECGov's Reg Crypto Assets is a critical step towards providing this clarity, better protecting investors, and onshoring innovation. CCI offered recs to further these goals 🧵
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President Trump fundamentally transformed the future of finance with the signing of the GENIUS Act last year. Today, U.S. Treasury’s @USOCC took a critical step toward implementing this historic legislation with the release of a final rule that delivers a federal framework for payment stablecoins that further cements American dominance in digital assets.
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The @USOCC released its final GENIUS rule today. The OCC carefully reviewed comments, and it shows. Importantly, it stays true to the GENIUS Act's north star and text (e.g., no rebuttable presumption, capital tied to an issuer's risk, a more principles-based approach to reserve asset diversification, an appropriate case-by-case approach during licensing and registration, and more). The purpose of the GENIUS Act was always to allow U.S. payment stablecoins to grow and gain adoption around the world, and the OCC's Final Rule furthers that objective. Thank you to @USComptroller, @SecScottBessent, and the staff at the OCC for their commitment to strong policy that ensures continued American leadership.
At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
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The GENIUS Act marks a watershed moment in American finance, further cementing the United States as the crypto capital of the world. Just as President Abraham Lincoln’s National Currency Act of 1863 established a national framework for bank-issued currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age. The @USOCC's final rule carries that landmark legislation forward, providing a clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets.
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1/ Crypto has long sought a clear, purpose-built pathway for crypto asset securities offerings. The @SECGov's Reg Crypto Assets is a critical step towards providing this clarity, better protecting investors, and onshoring innovation. CCI offered recs to further these goals 🧵
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The @USOCC released its final rule implementing the GENIUS Act requirements for payment stablecoin issuers under its purview. Thank you to @USComptroller Gould and the OCC for their leadership in advancing GENIUS implementation. CCI appreciates that the OCC carefully considered public comments, including ours. The final rule follows the language of the GENIUS Act by eliminating the rebuttable presumption regarding rewards arrangements between issuers and affiliates or third parties. CCI looks forward to reviewing the final rule more closely.
At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
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At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
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The New York Knicks raise their first championship banner in 53 years 🏆 What a moment for the city 👏 (📺: NBC)
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1/ Compute has emerged as a highly in-demand economic resource and an increasingly important input into the digital economy. In our latest comment letter, CCI and its Digital Energy Council urge the @CFTC to allow both perpetual and dated compute futures, with strong benchmark safeguards. 🧵
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1/ Today, CCI filed comments with @USTreasury on its proposed rule to implement Section 3 of the GENIUS Act. Our key points 🧵
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In this Crypto Quick Take, we are joined by @_jikim, CEO of @crypto_council, as he discusses how regulatory clarity can shape the United States’ competitive position in the digital asset industry. He explains how jurisdictions like the EU, Singapore, Hong Kong, and Japan are moving forward with regulatory frameworks while the U.S. continues to develop its own. Ji Hun also shares why progress from agencies like the SEC, CFTC, and OCC will be important in providing clearer rules for the industry. Thank you, Ji Hun, for sharing your insights, and we’ll be back next week with another Crypto Quick Take! #CryptoCouncil #blockchain #crypto #policy #avalanche
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A special weekend on The Heights
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“Abundant energy and infrastructure growth must be reliable, responsible, and durable,” said @Rashan in CCI’s breakout session at DC Fintech Week. Thank you to CCI members Will Paul (@blocks), Natalia Li (@galaxyhq), and @KyleBligen (@TheDRC_), and to CCI’s @Rashan, for leading the discussion on the defining issues for digital assets and AI and outlining what’s next.
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1/ CCI is on the ground in Wisconsin today, with @AMangiero testifying on what staking is and its benefits. We respectfully urge the state legislature to advance legislation to clarify that staking is a technical service, not a securities transaction. We’re grateful to the Legislative Council’s Study Committee on Cryptocurrency for this important opportunity.
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Patrick’s leadership helped advance the conversation around the need for crypto market structure legislation that supports innovation, provides clarity for this evolving technology and protects consumers. I appreciate his collaboration with @SenateAgGOP and wish him the best of luck in his next role.
Serving in this administration has been the privilege of a lifetime. From helping to stand up the most successful presidential transition in history alongside @howardlutnick and @EDSecMcMahon, to rebuilding our defense industrial base as PTDO Deputy Under Secretary for R&E and then Acting Director of OSC at @DeptofWar, to driving forward President Trump’s vision to make the United States the “crypto capital of the world” as Executive Director of the @WhiteHouse Crypto Council, I consider myself to have been the luckiest guy in the world over these past two years. First and foremost, I want to thank @POTUS for the opportunity to serve the American people again in your second term. Your clear-eyed vision to ensure the United States remains the undisputed global superpower at this time of unprecedented technological change and geopolitical strife is critical to our nation’s future prosperity. Second, I want to thank @DavidSacks for your visionary leadership and mentorship. I am so grateful to have been able to work with you and learn from you over the past year. Thank you also to @USWREMichael, James Mazol, @HarryYJung, Nick Elliot, Tyler Williams, @lukejpettit, Jonathan Hurowitz, Andrew Rittenhouse, Michael Friedman, @atitus7, @passalacqua_mj, @willscharf, @JamesCBraid, @MayMailman, Steve Levine, Patrick Butler, Zach Carstens, and countless others across the administration for being the best colleagues anyone could ask for. It was an honor to serve alongside you. Lastly, thank you to @SECPaulSAtkins and @ChairmanSelig, @SecScottBessent, @USComptroller Gould, @SenatorTimScott, @SenLummis, @SenatorHagerty, @berniemoreno, @JohnBoozman, @SenThomTillis, @RepFrenchHill, and @RepBryanSteil for your partnership in advancing crypto policy over the past year with the passage of the GENIUS Act and our work to advance the CLARITY Act. With regulators and elected officials like you, I rest easy knowing the future of digital asset innovation in America is bright. Regarding next steps, I’ll have to more to share soon. For now, I’ll say this: I am extremely bullish on America as we embark upon a new golden age of technological advancement across multiple frontiers. I’m grateful to have done my part to unleash American innovation while in government, and I look forward to advancing that same mission in the private sector! 🇺🇸
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Grateful for your service, PW. You always put country first, leading with substance, integrity, and a tireless work ethic to cement U.S. leadership on crypto policy and innovation. The future of digital assets in America is stronger than ever, and you helped put us on that path. Excited for what's next, @patrickjwitt.
Serving in this administration has been the privilege of a lifetime. From helping to stand up the most successful presidential transition in history alongside @howardlutnick and @EDSecMcMahon, to rebuilding our defense industrial base as PTDO Deputy Under Secretary for R&E and then Acting Director of OSC at @DeptofWar, to driving forward President Trump’s vision to make the United States the “crypto capital of the world” as Executive Director of the @WhiteHouse Crypto Council, I consider myself to have been the luckiest guy in the world over these past two years. First and foremost, I want to thank @POTUS for the opportunity to serve the American people again in your second term. Your clear-eyed vision to ensure the United States remains the undisputed global superpower at this time of unprecedented technological change and geopolitical strife is critical to our nation’s future prosperity. Second, I want to thank @DavidSacks for your visionary leadership and mentorship. I am so grateful to have been able to work with you and learn from you over the past year. Thank you also to @USWREMichael, James Mazol, @HarryYJung, Nick Elliot, Tyler Williams, @lukejpettit, Jonathan Hurowitz, Andrew Rittenhouse, Michael Friedman, @atitus7, @passalacqua_mj, @willscharf, @JamesCBraid, @MayMailman, Steve Levine, Patrick Butler, Zach Carstens, and countless others across the administration for being the best colleagues anyone could ask for. It was an honor to serve alongside you. Lastly, thank you to @SECPaulSAtkins and @ChairmanSelig, @SecScottBessent, @USComptroller Gould, @SenatorTimScott, @SenLummis, @SenatorHagerty, @berniemoreno, @JohnBoozman, @SenThomTillis, @RepFrenchHill, and @RepBryanSteil for your partnership in advancing crypto policy over the past year with the passage of the GENIUS Act and our work to advance the CLARITY Act. With regulators and elected officials like you, I rest easy knowing the future of digital asset innovation in America is bright. Regarding next steps, I’ll have to more to share soon. For now, I’ll say this: I am extremely bullish on America as we embark upon a new golden age of technological advancement across multiple frontiers. I’m grateful to have done my part to unleash American innovation while in government, and I look forward to advancing that same mission in the private sector! 🇺🇸
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