Minority Mindset

This, we are informed, is good for XRP. It gives it “credibility.” Which, let’s be honest, is what all digital assets crave. Credibility. It’s right up there with low transaction fees and not accidentally being used to fund nefarious activities. Institutional interest is also “growing,” apparently. One can only assume the institutions are gathering in dimly lit rooms, stroking their chins and murmuring gravely about the potential for…digital treasury things. 🤔

Its swift, penny-pinching sorcery hath charmed the masses, becoming the favored stage for newcomers like USD1, much to the chagrin of slower blockchains. 😂

And with the American payroll report potentially snoozing and Japanese interest rates climbing higher than a giraffe’s eyebrow, the crypto crowd are looking at the big picture and saying, “Nah, we’re alright! We’re doing our own thing!” Most peculiar.

The Department of Financial Services (DFS), that noble guardian of pecuniary order, has unfurled revised regulations on virtual currency custody, as if scribbling in the margins of a 19th-century ledger: “Thou shalt protect the people’s coins, lest thy soul be damned.” 📜