Democrats claim they’re worried about memecoins and negotiated that memecoins and network tokens be explicitly covered so they couldn’t slip through regulatory gaps. We incorporated that into the Clarity Act.
Democrats voted no.
Democrats asked for $150 million in new funding for FinCEN to fight financial crime in digital assets, and even though we included it in the Clarity Act, that didn’t stop Democrats from voting against it.
They had the opportunity to protect Americans from financial crimes and chose not to.
Democrats demanded disclosures for customers to protect their crypto in a broker bankruptcy, giving them the protection FTX customers never had.
Democrats voted against those efforts to protect consumers from another FTX-style bankruptcy loss when they all voted against the Clarity Act.
@SenLummis Right now it seems like everything is now politics over the Clarity Act, some people are making crazy money that why they don't want a Clear Rule in Crypto Industry, they left it as Jungle.
Wyoming chartered the nation’s first digital asset banks and built a legal framework that has set the standard for digital asset regulation in the United States. I’m very pleased the Wyoming Division of Banking has partnered with the New York Department of Financial Services for streamlined chartering and joint supervision of entities engaged in digital asset activities.
https://t.co/PUF08sqt2D
Tim Scott Blames Democrats For Clarity Act Vote Failure
Sen. Tim Scott says Democrats blocked the CLARITY Act after the Senate failed to advance it.
The Senate voted 49-50 on September 15, leaving the market structure legislation short of 60 votes.
Scott argues the bill could establish clearer digital asset rules and reduce uncertainty for businesses.
Democratic senators had raised concerns during negotiations, including ethics provisions and other unresolved issues.
CoinDesk reported that negotiations broke down before the procedural vote, with both parties blaming each other.
Source: CoinDesk
Pi Network is partnering with @openstandard, the company powering Open USD (OUSD), a partner-governed stablecoin designed as open infrastructure!
Open Standard brings together more than 200+ partners across payments, finance, technology, and crypto, including Visa, Google, and Stripe.
OUSD is designed with an incentive model focused on supporting ecosystem growth, and Pi will explore rewards programs for Pioneers and broader utility across the Pi ecosystem.
Look forward to more details about this partnership.
Following the successful completion of the Protocol 27 upgrade on Pi Mainnet, Pi Testnet has upgraded to Protocol 28.
Protocol 28 improves how the network handles delays in transaction data and enables developers to upgrade groups of smart contracts at once and change stored data more safely as their applications develop.
All Node operators must upgrade their nodes to Protocol 28 by October 13, 2026, in preparation for the Mainnet Protocol 28 network upgrade on October 16, 2026.
Democrats negotiated changes to the Keep Your Coins Act, protecting Americans’ right to hold their own digital assets.
Their edits are in the Clarity Act, but they still voted against protecting Americans’ right to hold their own digital assets.
Democrats demanded a government study on crypto mixers and tumblers, the tools criminals use to launder digital assets. The Clarity Act mandates it.
Democrats voted no on protecting consumers.
Democrats wanted every non-decentralized trading protocol held to the same Bank Secrecy Act standards as financial institutions. We incorporated that into the Clarity Act.
Democrats voted no.
A historic visit. 🇺🇸🇨🇳
President Donald J. Trump and First Lady Melania Trump host President Xi Jinping and Madame Peng Liyuan of China for a reciprocal State Visit.
Through trade & investment, President Trump is advancing the U.S.-China relationship & putting America first.
I’ll only say this once. This might be the fastest way to accumulate $1,200,000 before 2027! 💸🚀
⏳ Buy before October 5.
📉 Current price: $0.63
📈 Target price: $300