sanctions screening is underpricing treasury policy

The healthier setup is alignment: basis trades improving while stablecoin minting stays orderly.

In practice, RWA tokenization and protocol revenue interact before price fully reflects either one.

Put beside current chatter on “Tom Lee Says Democratic Sweep Could Fuel 15% to 20% Tech Rally,” the incentive problem looks clearer.

A clean chart can hide a crowded trade.

Treat stablecoin velocity as the constraint and stablecoin settlement as the amplifier, not the other way around.

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