Goldilocks’ Comments and Global Economic News Saturday 3-9-2024
Good Evening
“Senators Cynthia Lummis (Republican) and Kirsten Gillibrand are reported to be finalizing a Stablecoin Bill.”
This Stablecoin Bill is moving through the House and Senate as we speak. It will provide the long awaited crypto clarity that we need to pay for the tokenized assets currently expanding and interfacing digital networks inside Protocol 20.
As we have announced before in this room, 90% of the global economy will be tokenized by the end of the year. If you have been accumulating ISO 20022 tokens, you will be holding assets that are already beginning to move into their real value.
Remember, Stablecoins represent a country’s currency. At some point, our Stablecoins will be given the green light to move forward. This will put price pressures on many of the currencies we hold.
Several countries have already migrated to the ISO 20022 messaging service that will provide an integrated and universal language service to explain transactions taking place on the QFS.
The back wall date for the ISO 20022 messaging service for countries is to be completed early next year, but the countries who have already migrated will be able to begin utilizing this service as more and more countries come on board. Ledger Insights
© Goldilocks
~~~~~~~~~~
Senate stablecoin bill in the works from Sens. Lummis and Gillibrand | Axios
~~~~~~~~~~
If you would like to read the full report on the Stablecoin Bill being presented in Congress, you can follow the link below to see where it stands at the present time and read the full report below it.
The full report explains exactly what is being presented to Congress, and how,the use of Stablecoins will be utilized going forward.
You will be able to read how values are determined for these Stablecoins, and many of the regulations that surround these coins to make them workable on the QFS. Congress
© Goldilocks
~~~~~~~~~~
~~~~~~~~~~
White House Executive Order to Establish New Cross-Border Sensitive Data Transfer Control Regime JD Supra
~~~~~~~~~~
The FedNow Service uses a variety of ISO message types, including for customer credit transfers, requests for payment and interbank liquidity transfers, as well as FedNow system and account reporting messages. Explore FedNow
~~~~~~~~~~
The FedNow Service is a new instant payment service offered by the Federal Reserve. Below are key facts that set the record straight on what the FedNow Service is, what it’s not and what the industry can expect in the months and years ahead.
Fact: The network of financial institutions participating in the FedNow Service will grow over time.
The Federal Reserve’s goal and expectation is that the FedNow Service will achieve broad reach over time, much like the Fedwire® Explore FedNow
~~~~~~~~~~
SOFR futures options show rising chance of no Fed rate cut this year | Nasdaq
👆 This could change as Protocol 20 expands digital networks together based on gold as a backing.
