Senate

Trump's May 19 executive order on fintech payment rail access is the clearest policy signal yet that the structural chokepoint blocking tokenized asset settlement is being dismantled.

If the Anti-CBDC Surveillance State Act passes the Senate, private tokenized dollar infrastructure stops being an alternative and becomes the only option.

The Senate bill reduces legal risk for XRP but stops short of the explicit classification that institutional desks need to build.

A Senate committee vote is not a law, but it is the moment a bill stops being a wish and starts being a deadline for every institution sitting on tokenization plans.