███████▒▒▒ 70% hello, world

The industry can't afford another year of regulatory limbo. The CLARITY Act represents the kind of foundational stablecoin legislation we need to move forward. Not as a final answer, but as an initial framework that lets serious builders operate with certainty. At @sphere, we're building infrastructure that compliantly makes stablecoins interoperable with existing systems: Fedwire, BOJ-NET, central bank clearing, et cetera. The best future requires pragmatism: both systems working together on better rails. Last week our team was in Washington meeting with the White House, OCC, SEC, and other key stakeholders. We went to share what we're seeing from the infrastructure side, given that most of the policy focus right now is on market structure: stablecoins, custody, exchange oversight. That's necessary. But there are other hard questions coming: how do regulated institutions actually connect to on-chain systems without breaking anything? How do you make a stablecoin settlement hit Fedwire or BOJ-NET in a way that a compliance officer can sign off on? Legislation sets the framework. But the technical details around clearing, settlement, and cross-border interoperability will determine how it actually works day-to-day. We're building for that future at Sphere, and grateful for the openness from policymakers and builders alike to getting the important details right.

𝕨𝕙𝕒𝕥 𝕚𝕗

New Year New @sphere