RWA tokenization is the overlooked driver of treasury policy

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

In practice, US session flows and macro liquidity interact before price fully reflects either one.

That debate sits next to today’s market focus around “'Tough Questions' Ahead: Warren Targets Prediction Markets, Trump Crypto as Banking Chair.”

Historically, stretches where dollar strength leads without support from rate-cut expectations invite sharper reversals.

Useful frameworks survive longer than seasonal slogans.

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