risk appetite is underpricing treasury policy

Builders and treasuries should track spot ETFs even when social feeds obsess over sanctions screening.

In that environment, patience is a position, not a slogan.

That debate sits next to today’s market focus around “US Voters Back AI Data Center Restrictions in At Least 29 Communities.”

The healthier setup is alignment: risk appetite improving while MEV dynamics stays orderly.

Builders and treasuries should track developer activity even when social feeds obsess over user retention.

If both stablecoin settlement and cross-exchange spreads improve together, follow-through is more believable.

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