💡 Treasury tokenizing T-bills — and disintermediating Fedwire as a payment system — is the next chapter in the decades-long Treasury v Fed tug-of-war. Fiscal dominance.

@AdamSimecka @SecScottBessent is playing 4-D chess. Has been all along. Banks that don’t have the capability to custody tokens had better get it, fast.

@AdamSimecka @SecScottBessent And Trump is planning to visit the Fed’s “Taj Mahal on the Mall” construction project today. Fiscal dominance.💡

@AdamSimecka @SecScottBessent Isn’t it ironic??? The State of #Wyoming handed the Fed, wrapped up in a bow, a pathway to keep crypto within the regulatory perimeter. The Fed, led by Powell & Barr (who were “keeping Liz happy”) blew it. They chose poorly. Now the horses have all left the barn. They own this.🤷‍♀️