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JUST IN: 🇺🇸 White House Crypto Adviser Patrick Witt says "on stablecoins, there's consumer banking and institutional banking. As more and more liquidity gets added to treasury markets, with stablecoins being backed by t-bills, larger banks recognize what an opportunity this is."

JUST IN: 🇺🇸 White House Crypto Adviser Patrick Witt says "there's tremendous opportunity for the JPMorgans of the world to engage in crypto. There's plenty of job postings at JPMorgan hiring people into the digital asset space. They intend to get into this space in a big way."

JUST IN: 🇺🇸 White House Crypto Adviser Patrick Witt says "there'll be a convergence between crypto and banks. They'll ultimately get into crypto. Many banks are applying to OCC charters—banks will use these products, offer new products to customers, and expand their businesses."

CLARITY: 🇺🇸 White House Crypto Adviser Patrick Witt says "I think we're fashioning a compromise. Last week's meeting between the banks and the crypto companies established some new common ground, some areas of agreement, and we'll build upon that." #Cardano $ADA $NIGHT

Publicly traded blockchain lender Figure confirmed a customer data breach after a social engineering attack on an employee. Hacker group ShinyHunters claimed it stole and published about 2.5GB of data, potentially including customer names, addresses, dates of birth, and phone