The (BlockchainAssn) is arguing that customer identification rules for stablecoin issuers under the GENIUS Act should only apply to primary market activity, not secondary market. Their position is that if stablecoins are sent peer-to-peer after issuance, the issuer has no visibility into the transaction and no technical ability to identify the parties involved. They're also arguing that one-off redemptions shouldn't trigger full account status, comparing it to cashing a check at a bank rather than opening an account. On identity verification, they want issuers to have the flexibility to use digital wallets, verifiable credentials, and zero-knowledge proofs instead of requiring customers to submit personal data directly. Their claim is that ZKP technology can be more reliable than traditional methods like database checks. They're pushing for issuers to be shielded from liability when they rely on another regulated institution's KYC and that institution fails. Banks already get this protection and the Association argues stablecoin issuers should too. They also want all the GENIUS Act compliance deadlines coordinated so issuers aren't building against a moving target as different agencies finalize rules on different timelines. The letter is addressed to five federal agencies. FinCEN, the OCC, the Fed, the FDIC, and the NCUA.

Blockchain Association

Blockchain Association Comment On Permitted Payment Stablecoin Issuer Customer Identification Program Joint Rulemaking | Blockchain Association

"This looks more like an opening salvo than a last shot." @JOHN ARNOLD on why the Treasury has far more firepower than the market realizes.

New research from Matthew Boyer, (cygnal), and Neighborhood Bitcoin surveyed registered voters to find out which Bitcoin messages actually land with everyday Americans. The results should change how Bitcoiners talk about Bitcoin. 94% of voters have heard of Bitcoin and 61% want to learn more about owning it. But 74% have little to no trust the dollar will hold its value. The audience is there and the macro tailwind is real. The messages that work best are the ones that address people's actual concerns about control, safety, security, access, and ease of use. "You decide how much, even if that's just $10" and "You can track the activity yourself" were the top performers. Personal control and low barriers to entry resonate. The messages that flopped are the ones Bitcoiners love most. "Digital gold" confused focus group participants and ranked near the bottom of all 19 messages tested. Industry jargon doesn't land with normal people. The most trusted messengers aren't influencers or CEOs. 33% said they'd trust a financial advisor they already work with, 25% a retirement planning expert, and 23% a friend or family member who owns Bitcoin. Everyday Bitcoiners are the most powerful advocates for the next wave of adoption. After reading the tested messages, "not interested at all" dropped from 39% to 32% and "very or extremely interested" rose from 19% to 24%. Stop talking about Bitcoin the way Bitcoiners talk about Bitcoin. Start with what people actually care about.

The Bitcoin Messages that Resonate with Everyday Americans | Bitcoin Policy Institute

BPI, Cygnal, and Neighborhood Bitcoin surveyed 1,000 registered voters to find the Bitcoin messages, themes, and messengers that resonate with ever...

"Self-custody doesn't mean you have to do it by yourself." @Alex B. on why distributing trust is the real lesson from the ColdCard reckoning.

"The old system is broken. Bitcoin does not make me nervous." - Fed Chair Kevin Warsh Jordi Visser breaks down why this is a Bitcoin presidency and the old guard can't help you going forward.

Strategy now holds ~4% of all bitcoin ever mined and carries ~0% net leverage. $5.1B USD reserve. $1.59B cash. $136M $STRC buyback.

"Bitcoin does not get disrupted by AI. It is the purest AI trade." Jordi Visser on why Bitcoin will be viewed a year from now the same way the AI infrastructure trade is today.

US Composite PMI just hit 56.0, highest since April 2022. Services surging, manufacturing still expanding, hiring at the strongest pace since January 2025. Implied Q3 GDP growth: 3.0% annualized, double what Q2 delivered.

Nvidia is raising prices on data center AI servers by 15%+. Big buyers were notified this week.

China in July: Industrial production: +4.5% YoY (slowing) Retail sales: +0.6% YoY (near 18-month low) Car purchases: -21% YoY Fixed-asset investment: -6.7% YoY Real estate investment: -19.2% YoY (record decline) The world's second-largest economy is down on every front.

Ground beef just hit a record $6.89/lb, up 83% from its 2017 low. The US cattle herd has shrunk to 86.2 million head, the smallest since 1951. To fill the gap, the US imported a record 2.5 million metric tons of foreign beef, the most in at least 65 years.

David Sacks: "If you look at where the most inflation has occurred, it's always in those sectors of the economy that the government's most involved." Healthcare. College. Housing. Meanwhile, prices fell in tech.

Ray Dalio now recommends 10-15% of a portfolio in gold and "a bit" of Bitcoin. "Non-government produced monies like gold and Bitcoin" will "do relatively well" as the debt crisis unfolds.

"You could be talking about tens of millions of dollars in tax benefits for the city, the county, school systems." Hopkinsville Electric's GM on how data center revenue flows beyond just the utility to the entire community.

Hopkinsville Electric's GM: "I'm not here to promote data centers. I'm here to speak for the residences and businesses who depend on HES." 100% of construction costs paid by the customer. Two years without a rate increase.

Comcast just rolled out a new feature called "WiFi Motion" that turns Xfinity routers into motion detectors inside your home. The gateway detects movement by monitoring disruptions in radio frequency signals between the router and up to 5 connected devices, creating timestamped logs of activity. Buried in the fine print on Comcast's own support page: "Comcast may be required to disclose information generated by WiFi Motion in response to a valid subpoena, court order, search warrant or other lawful legal process, as required by law." The feature is opt-in and not enabled by default, but the privacy implications are significant. Your router can now generate a detailed log of when movement occurs in your home and that data can be handed to law enforcement without notifying you.

Using WiFi Motion in the Xfinity app - Xfinity Support

Jim Cramer said he was selling his Bitcoin a few weeks ago. The inverse Cramer indicator remains undefeated.

Broadcom is raising $100B through an off-balance sheet SPV structure to finance AI chip infrastructure. "It just lowers the bar to financing what is required for AI infrastructure at scale."

CFTC Chairman Mike Selig: "Compute is essentially a digital oil. Some have called it the gasoline of the technological revolution. We've got to have these markets here."