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Brian brooks the active controller of the OCC. Recently announced, banks are able to settle with public blockchains. Cryptocurrency is another word for public blockchains like btc, xrp, and Ethereum. We are officially at a point where the US government has given the greenlight to the banks to settle in crypto. The debt is at a level of epic proportions and there is now a threat of a liquidity freeze. When suddenly there are no sellers or buyers, and thus No lending, Confidence is lost and the banks will refuse to transact with one another. Jim Rickards has called this liquidity freeze Ice 9. The dollar has been on a downwards trajectory, and I believe as the system freezes the banks will be forced to settle in crypto assets.
/* It is now allowed for the banks to settle with crypto and to become nodes on those networks. The banks can aid in the decentralization of the settlement crypto assets that they choose.
The financial system is stressed and the cracks are exposed… Brian Armstrong, (ceo of coinbase), and Jeremy alure, (ceo of circle), hinted that the G7 has made a decision to shut down defi before the defi laws appeared. Steve Mnuchin proposed the defi laws on the week of Christmas. Over the last few weeks, we have had announcement after announcement regarding US regulations. The regs are surfacing, and the price of crypto is appreciating. We are watching something transformational unfold. The chess pieces are positioned and in one move, everything can change.
The XRPL allows users to create stable coins, or central banks to issue wholesale Central bank digital currencies. The g7 is rolling out regulations, crypto is being revalued, the negative attention is on XRP, crypto is in the spotlight but don’t look at XRP… There is no doubt in my mind that this is a set up.
Central banks have been looking at the XRPL to issue stable coins“as experts in using the xrpl, some of them talk to us and we try to be as helpful as possible.’ XRPL is an opensource technology, it’s a public blockchain for anyone in the world to use, and it was designed for interbank settlement. The central banks need the efficiency that the xrpl provides to prevent a crisis from wiping out the financial system.
Mark Carney, the respected central banker, is speaking about a global synthetic hegemonic currency replacing the dollar. Mark Carney is not a bitcoin maximialist or a conspiracy theorist, but instead he is a well-respected central banker that is the head of groups like the FSB, where he is invited to g7 and g20 conferences. He told the world that the dollar needs to be replaced with a digital currency. He did this at Jackson Hole on US soil. He stated that the dollar as the reserve currency should be replaced…. There is a future in public blockchains and we are watching it unfold, regulations, revaluation, instutional buying, partnerships, etc. I sincerely believe that this is not a speculative bubble like 2017, but believe that something is transpiring and this is the beginning. At this critical time, we are moving forward with the beginning stages of testing crypto assets. The dollar dominance is being unwound with digital currencies. cardano xrp news