Nasdaq to invest $100 million in Kraken parent Payward as firms expand partnership

🚨NEW: New Clarity Act text lands before key Senate vote amid White House “radio silence” on ethics Senate Republicans made changes to the bill’s DeFi and credit union provisions, but the White House is staying mum on Trump conflicts of interest. https://t.co/91neVG1ht3

Hey all! Today I launched a new video/podcast series: Stablecoins Around the World. My aim is to highlight stablecoin development outside the US, there’s a LOT going on that gets drowned out by the $ conversation. Inaugural episode: Japan! With the ideal guest: @emilydparker

Securitize President Brett Redfearn on how synthetic stock tokens can leave investors with zero value "The 3rd one is sort of more of the derivative and the synthetic version. There are different versions of that, special purpose vehicles, or, as Robinhood talks about, a debt instrument. We often just refer to them as wrappers or synthetics." "And those are where you don't really have a claim to the underlying security. Again, sometimes dividends are passed through voting typically isn't and sometimes they're not. And depending upon who's doing those, there could be a substantial amount of counterparty risk." "So when people are buying these, they don't realize that who issued that particular one? Because there's like 10 of these out there. Who issued that, and what is the counterparty risk, and what if they have a problem?" "And if they do have a problem, I could be completely out of luck, and whatever I just bought doesn't even exist anymore and has zero value. So they're different models. They have different pros and cons, and different risks, certainly, to investors."