🔥Tom Lee: Schwab, Franklin Templeton and Fidelity are among those backing the CLARITY Act.
The Fundstrat co-founder says the bill would create "a singular entity, which will be the CFTC" to govern crypto in the US.
"If they have to be subject to state regulations or local regulators, it is going to give a lot of people cold feet."
The CLARITY Act process is officially moving deeper into the Senate process and honestly… this is probably the furthest we’ve seen real crypto legislation progress in a long time. 👀⚖️
✅ Banking Committee markup completed
✅ Banking Committee approval passed
⏳ Agriculture Committee + Banking Committee now working to merge the final text
⏳ Final Senate version expected next
⏳ Senate floor scheduling after that
⏳ Senate debate & vote
⏳ Presidential signature
Senator Lummis said after markup that it could take around 3 weeks to:
☑️merge the language,
☑️finalize the text,
☑️and attempt to get it on the Senate floor.
Today marks the 2-week point since markup… meaning we may be entering the most important stretch of the process right now. This isn’t just XRP people watching anymore:
the White House is talking crypto,
the SEC is talking crypto,
the CFTC is talking crypto,
senators are publicly engaging,
and industry leaders are openly pushing for regulatory clarity.
“When does this become a live Senate floor event?” Because once that happens… the conversation changes completely. 🔥📈
🌎 America-INDIA 🌎
🧬 American-INDIAN 🧬
A person having ORIGINS in any of the ORIGINAL PEOPLES of North, South, Central America-INDIA 🌎
(including the West INDIAN🧬Islanders), & who maintains tribal affliation or
COMMUNITY ATTACHMENT❗️️⬇️
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