Jacob Wittman
@jakewittman
General Counsel @PlasmaFDN 🕊️ Recovering big law associate, probably watching baseball.
We ran a concurrent Reg. S and Reg. D fully-KYC'd offering that raised $373M in capital, a 7x in oversubscription. This sort of outcome doesn't go without a stellar operations team in the background. Huge shoutout to everyone at @PlasmaFDN and @echodotxyz.
The Plasma public sale has ended with $373M+ committed to purchasing XPL, representing more than 7x in oversubscription. Plasma mainnet beta will launch with $1B in stablecoin TVL, the fastest chain to reach this number in history. We're grateful for your support and trust.
The Plasma public sale has ended with $373M+ committed to purchasing XPL, representing more than 7x in oversubscription. Plasma mainnet beta will launch with $1B in stablecoin TVL, the fastest chain to reach this number in history. We're grateful for your support and trust.
I think a lot of crypto people thought CLARITY would be like GENIUS, which passed both chambers of Congress in rapid succession unchanged and was signed into law. Not happening with CLARITY. The Senate has its own ideas about market structure and so far they are very different.
Good news: The Blockchain Regulatory Certainty Act language is in the Senate Market Structure draft. This will protect open source devs from unfit licensure requirements. Getting it into the bills has been Coin Center's top priority in Congress.
The GENIUS Act is getting signed today, bringing clear rules of the road for stablecoins. Here's why stablecoins are better money, how they're better for people and businesses, and the mental models you can use to understand them. My master thread on stablecoins. 👇
A central bank digital currency would give bureaucrats at the Federal Reserve the ability to monitor and restrict Americans *individual purchases*. For years, we've been working to ban their development—today we achieved that goal by PASSING our Anti-CBDC Surveillance State Act.
🚨NEW: The GENIUS Act just passed the House in a vote of 308-122 with 102 Democrats voting in favor — again, more than expected. Another big bipartisan win for crypto. Now, onto @GOPMajorityWhip’s Anti-CBDC bill.
🚨UPDATE: Voting has just been moved up. At approximately 2:40 – 3:10 p.m. EST, the House will take the following votes: 📌Passage of H.R. 3633 – Digital Asset Market Clarity Act of 2025 (Rep. Hill – Financial Services) – 15 minutes 📌Passage of S. 1582 – GENIUS Act (Sen.…
The future global financial system, in your hands. The XPL public sale is now live. app.plasma.to
🚨NEW: Vote has passed 217-212 and the House has now advanced the rule setting up floor votes on crypto, defense spending and other measures tomorrow. So, when all was said and done, crypto was the reason the House broke the record for the longest vote in history — nearly 10…
The Plasma testnet is now live. Built from the ground up for global stablecoin payments, it includes our core components: the PlasmaBFT consensus and our EVM execution layer designed for throughput, speed, and scale. Trillions.
Plasma is entering the next phase of building a global financial system where money moves at internet speed, with zero fees and full transparency. XPL is the core asset securing this system. The public sale begins July 17 at 9:00 AM ET. Deposits and withdrawals are now locked.
Fed Governor Waller with some nicer things to say about stablecoins yesterday (at least the USD variety)
BIS with some unkind things to say about stablecoins today bis.org/publ/arpdf/ar2…
Some personal news: I’ve joined @PlasmaFDN to lead the protocol engineering team. Despite the many interesting and exciting projects in the industry, I joined Plasma because I believe in its vision and the potential for a positive, global impact. Here's why:
In an interview published 2 months ago with @C_Angermayer. He stated that he felt at IPO that the business could be a $20b+ company, and crucially still feels that way. ( $ATAI currently at around $500m in market cap). Sounds ambitious for sure... but... 1. The Mental…