it’s easy to look at the headlines about the clarity act stalling and think it’s all over.
however, if you look beyond the doom and gloom, it’s not hard to see how this is a blessing in disguise.
here’s why it’s actually a golden opportunity for long-term bulls:
1/ the SEC and CFTC now have a chance to make far more favorable rules
the clarity act was by no means perfect. and getting an imperfect bill passed would take decades to fix.
without a rigid bill, the SEC and CFTC can create rules that adapt in real-time as technology evolves.
2/ fairer regulation, with less lobbying from big banks
congressional bills are often swayed by massive lobbying from financial institutions with their own interests.
the SEC and CFTC can now put their own independent rules and regulation in place, free from the influence of big banks.
3/ more innovation and rules that make america the crypto capital of the world
the clarity act included multiple arbitrary rules such as proposing that anyone holding 20% of voting power disqualified a project from being "decentralized".
these rigid rules would put a damper on innovation. now, the agencies can and will be able to implement much more favourable rules for companies building groundbreaking new tech (ie safe harbours, exemptive relief etc).
@kwok_phil and i look forward to meeting with the SEC and CFTC this week in DC to talk about all the above and more!
Passing bipartisan market structure legislation will help us future-proof against rogue regulators, ensuring that we achieve President Trump’s goal to make the U.S. the crypto capital of the world.
Merry Christmas to all. Today we celebrate the birth of our Lord and Savior, Jesus Christ.
May His light bring peace, hope, and joy to you and your families.
HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward - first for $RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.
To the banking lobbyists – your anti-competitive tactics are transparent. You’ve complained that crypto isn’t playing by the same rules, but here’s the crypto industry – directly under the OCC's supervision and standards – prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?
@dom_kwok I just don’t understand the trolls. Why do people they have crap on others for no reason? Keep doing your thing. F these people who live off negativity
British citizens are sending a fair warning to New Yorkers: “If Mamdani becomes the next mayor, this city is absolutely fvcked. Just look at what happened to London after Sadiq Khan took over.”
With today’s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP sits at the center of everything Ripple does. Lock in.
Shut our government down and America loses.
2 MILLION Pennsylvanians depend on SNAP to feed their families.
For me, it’s hungry Americans over party.
Paying our military over party.
Paying Capitol Police and federal workers over party.
I choose country over party.
The First Amendment gives Americans the right to free speech and peaceful protest — it’s one of the MANY things that make America great.
But the irony here is obvious:
If President Trump were a “king,” the government would be OPEN!
Democrats needed a spectacle. Chuck Schumer needed cover. The “Hate America” rally was their attempt at both.
Now that Democrats have had their protests and publicity stunts, we hope they come to their senses and end the SCHUMER SHUTDOWN and reopen the government THIS WEEK.
This week, President Trump delivered for the American people—while Democrats kept the government shut down to fight for free healthcare for illegal aliens.
One side puts Americans first. The other puts America last.