The GENIUS Act is getting signed today, bringing clear rules of the road for stablecoins. Here's why stablecoins are better money, how they're better for people and businesses, and the mental models you can use to understand them. My master thread on stablecoins. 👇

🚨NEW: The GENIUS Act just passed the House in a vote of 308-122 with 102 Democrats voting in favor — again, more than expected. Another big bipartisan win for crypto. Now, onto @GOPMajorityWhip’s Anti-CBDC bill.

The U.S. House is voting on three landmark bills right now: ➡️ Digital Asset Market Structure Clarity Act ➡️ GENIUS Act ➡️ Anti-CBDC Surveillance State Act These lay the foundation for clear rules and a freer, more open financial future in U.S.

🚨UPDATE: Voting has just been moved up. At approximately 2:40 – 3:10 p.m. EST, the House will take the following votes: 📌Passage of H.R. 3633 – Digital Asset Market Clarity Act of 2025 (Rep. Hill – Financial Services) – 15 minutes 📌Passage of S. 1582 – GENIUS Act (Sen. Hagerty – Financial Services) – 5 minutes 📌Passage of H.R. 1919 – Anti-CBDC Surveillance State Act (Rep. Emmer – Financial Services) – 5 minutes

The future global financial system, in your hands. The XPL public sale is now live.

🚨NEW: Vote has passed 217-212 and the House has now advanced the rule setting up floor votes on crypto, defense spending and other measures tomorrow. So, when all was said and done, crypto was the reason the House broke the record for the longest vote in history — nearly 10 hours long! Some of the GOP holdouts flipped from no to yes, back to no, and then yes again — all within 24 hours. I’m told several of them were hanging out at the Capitol Hill Club down the street tonight, anticipating a late-night vote switch. Now, with the final procedural vote passed — and a promise that anti-CBDC language will be included in the NDAA defense bill — House leadership can bring the GENIUS Act, and possibly the CLARITY Act, to the floor for final passage as soon as tomorrow.

The Plasma testnet is now live. Built from the ground up for global stablecoin payments, it includes our core components: the PlasmaBFT consensus and our EVM execution layer designed for throughput, speed, and scale. Trillions.

Plasma is entering the next phase of building a global financial system where money moves at internet speed, with zero fees and full transparency. XPL is the core asset securing this system. The public sale begins July 17 at 9:00 AM ET. Deposits and withdrawals are now locked.

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