CEO @crypto_council. Formerly @Gemini, @KrakenFX, & @WillkieFarr. Tweets are not legal or financial advice. Views mine.

New York, NY
Joined June 2023
Q3 was a powerful reminder of how far we’ve come in less than a decade. But equally clear of the massive opportunity still in front of us In 2018, we had 650,000 members and one primary business. Now, 17.1 million @SoFi members use 26.7 million products. We delivered record adjusted net revenue of $1.4B, record adjusted EBITDA of $470M and raised our outlook through 2027 for $6.4 billion in revenue $2.24 billion of adjusted EBITDA, $1.28 billion in Net Income a 20% margin and $0.90 in EPS Our conviction has never been greater. We’re still early in SoFi’s journey, and our ambitions for the future remain as bold as ever. Thank you to our members and clients for trusting us to help you get your money right. investors.sofi.com/news/news…
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Regulatory CLARITY is coming. Grateful for and proud of team CCI's work across the regulatory front: comment letters / meetings with Treasury, the OCC, FDIC, SEC, CFTC, DOL, FTC, FinCEN, and more. Much more to come as we continue to advocate for our members and industry.👇
1/ Over the past few weeks, regulators across the Administration have been actively advancing clarity and modernizing rulebooks for stablecoins, crypto investments, and consumers. Here’s what you need to know and how CCI has weighed in 🧵
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1/ Over the past few weeks, regulators across the Administration have been actively advancing clarity and modernizing rulebooks for stablecoins, crypto investments, and consumers. Here’s what you need to know and how CCI has weighed in 🧵
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Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts. HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback. Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
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We were grateful to meet with @USComptroller Gould and the @USOCC for a forward-looking discussion with CCI members and industry. We appreciate the OCC’s leadership in delivering clear, workable rules, including the GENIUS final rule, which will help U.S. payment stablecoins grow and gain adoption around the world. Special thank you to CCI member @Circle for hosting.
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Ji Kim retweeted
ICYMI: @USComptroller Jonathan V. Gould sat down with @RealVision’s @AshBennington at the birthplace of capital markets, the New York Stock Exchange, to discuss the OCC’s implementation of the GENIUS Act. The OCC’s final rule establishes a clear, practical regulatory framework for payment stablecoin issuers, including strong standards for reserve backing, redemption and risk management. Learn more at OCC.gov/GENIUS
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There's lots of discussion about a16z dropping the word 'crypto'. It's actually a sign of crypto winning. It's outgrown being a standalone sector and now runs through global finance and frontier tech: payments, trading, tokenization, AiFi, and much more. We've spent more than a decade building this industry to make it useful everywhere, and we should welcome it escaping its own category. People used to say 'internet companies' - which is a prehistoric phrase now. Eventually, calling something a 'crypto company' should feel just as redundant. Many of us (including me) will keep the word. But the millions, and soon billions, using it every day won't care what we call it. They'll care what it lets them do.
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Today, CCI was on the ground in Raleigh, NC, for a roundtable hosted by the Office of the Commissioner of Banks (NCCOB) on proposed changes to the state’s money transmitter statute. We appreciate the opportunity to discuss potential impacts for virtual currency businesses and look forward to working with NCCOB on consensus based principles.
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Meet SoFi Earn (SOFIE), with 4.40% APY* and FDIC protection.^ 📣 It's the first-ever bank deposit token for SoFi Crypto, designed to provide a home for idle crypto funds, like stablecoins. Buy and hold SOFIE to earn interest and protect your deposit. Learn more about SoFi Earn today 👉 sofi.com/crypto/earn/?nocach…
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Congratulations to the @USOCC for moving quickly to implement the GENIUS Act. Clear rules for payment stablecoins will protect consumers, support innovation, and strengthen the U.S. dollar. SoFiUSD is helping bring the future of finance to life. Let’s go! @SoFi Fresh Horse 🐎 We RIDE!!
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TOMORROW: Why the Crypto Voter Matters Crypto policy leaders from @BlockchainAssn, @crypto_council, @DigitalChamber, and @NatCryptoAssoc join @masonlynaugh to talk about what's at stake for crypto voters this cycle. Featuring @lindsayfraser0, @Rashan, @ZuneraMazhar and @OnChainAli. xitter.cf/i/broadcasts/1jGXgBryy…
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Thank you @SECGov for advancing regulatory clarity for crypto entrepreneurs and investors. And thank you to CCI members for your partnership in crafting thoughtful recommendations to help advance Regulation Crypto Assets' key objectives 🙏 ✍️
1/ Crypto has long sought a clear, purpose-built pathway for crypto asset securities offerings. The @SECGov's Reg Crypto Assets is a critical step towards providing this clarity, better protecting investors, and onshoring innovation. CCI offered recs to further these goals 🧵
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President Trump fundamentally transformed the future of finance with the signing of the GENIUS Act last year. Today, U.S. Treasury’s @USOCC took a critical step toward implementing this historic legislation with the release of a final rule that delivers a federal framework for payment stablecoins that further cements American dominance in digital assets.
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The @USOCC released its final GENIUS rule today. The OCC carefully reviewed comments, and it shows. Importantly, it stays true to the GENIUS Act's north star and text (e.g., no rebuttable presumption, capital tied to an issuer's risk, a more principles-based approach to reserve asset diversification, an appropriate case-by-case approach during licensing and registration, and more). The purpose of the GENIUS Act was always to allow U.S. payment stablecoins to grow and gain adoption around the world, and the OCC's Final Rule furthers that objective. Thank you to @USComptroller, @SecScottBessent, and the staff at the OCC for their commitment to strong policy that ensures continued American leadership.
At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
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The GENIUS Act marks a watershed moment in American finance, further cementing the United States as the crypto capital of the world. Just as President Abraham Lincoln’s National Currency Act of 1863 established a national framework for bank-issued currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age. The @USOCC's final rule carries that landmark legislation forward, providing a clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets.
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1/ Crypto has long sought a clear, purpose-built pathway for crypto asset securities offerings. The @SECGov's Reg Crypto Assets is a critical step towards providing this clarity, better protecting investors, and onshoring innovation. CCI offered recs to further these goals 🧵
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The @USOCC released its final rule implementing the GENIUS Act requirements for payment stablecoin issuers under its purview. Thank you to @USComptroller Gould and the OCC for their leadership in advancing GENIUS implementation. CCI appreciates that the OCC carefully considered public comments, including ours. The final rule follows the language of the GENIUS Act by eliminating the rebuttable presumption regarding rewards arrangements between issuers and affiliates or third parties. CCI looks forward to reviewing the final rule more closely.
At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
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At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
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The New York Knicks raise their first championship banner in 53 years 🏆 What a moment for the city 👏 (📺: NBC)
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