CryptoRun

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[CryptoRun @CryptoRunAsset]

In life as in death, I will have the last word in this story.

[Gemini @Gemini]

the SEC is about to cook while Congress is stuck arguing over CLARITY Act

what are they about to roll out👀

[CryptoRun @CryptoRunAsset]

@CryptoWendyO $2.19 Trillion now. It's been a long time since I last looked at the market

[CryptoRun @CryptoRunAsset]

@CryptoWendyO With Bitcoin, the market has a total value of just under 4 trillion. I'm optimistic based on what the forecasts say; by 2030, many things will change.

[BSCN @BSCNews]

Killing The CLARITY Act Won't Save Community Banks

Senator Cynthia Lummis (@SenLummis) is pushing back on claims that stablecoins tied to the CLARITY Act are driving deposits out of community banks.

She cites BofA data showing household deposits rising across income groups this year. The FDIC also reports domestic deposits growing for a seventh straight quarter, per Lummis.

Lummis argues Section 404 of the CLARITY Act bars stablecoin issuers from paying anything resembling interest, even disguised as rewards. It also bans marketing stablecoins as deposits or FDIC insured.

She calls the bill stricter than current law, despite pushback from community banks.

Lummis warns that scrapping the CLARITY Act would not protect community banks, only preserve a broken status quo. She points to bank consolidation, not stablecoins, as the real long term threat.

[CryptoRun @CryptoRunAsset]

@CryptoKaleo We didn't come all this way to sell ourselves short. We did it because we believe in ourselves.

[Bitcoin Archive @BitcoinArchive]

🇺🇸 SEC & CFTC ready to issue crypto rules if Clarity Act fails — Bloomberg

Both prefer statute but won’t wait forever.

[CryptoRun @CryptoRunAsset]

@CoinMarketCap Everything's booming except crypto, and it's been doing so for over two years. Metals, oil, indices, stocks—when's it crypto's turn? 😮‍💨🙄🥲🫠

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 CFTC 'will proceed with digital asset rulemakings' even if the Clarity Act does not pass, Chairman Selig reportedly said 👀

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 $15 trillion BlackRock says tokenization is the "next generation for markets."

[CryptoRun @CryptoRunAsset]

Do you find there is a resemblance?
😅

[CryptoRun @CryptoRunAsset]

@CryptoWendyO @CoinDesk @coinbase In the United States, it's the minority in power that decides; ask Elizabeth Warren, she knows how it works. lol

[Eleanor Terrett @EleanorTerrett]

🚨🗞️NEW: Clarity Gets a September Lifeline as SEC Tees Up Proposal for Crypto Offering Rules

The Senate punted a procedural vote on the Clarity Act. How it happened and what comes next as regulators prepare to move ahead with crypto rules of their own.

https://t.co/B9EKDgFUdE

[CoinDesk @CoinDesk]

UPDATE: @Coinbase CPO says the Senate's first procedural vote on the CLARITY Act is set for September 15, with ethics and illicit finance provisions still unresolved but negotiations continuing through the recess.

[CoinMarketCap @CoinMarketCap]

LATEST: 🇺🇸 Coinbase chief policy officer Faryar Shirzad says the CLARITY Act is now "a very bipartisan comprehensive package," with hundreds of Democratic amendments and a presidential ethics commitment.

[CryptoRun @CryptoRunAsset]

@CryptoWendyO Mark Zuckerberg already has something like that going on when he's faced legal trouble.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 White House official Patrick Witt says they are "fully committed" to passing the crypto Clarity Act next month.

[CryptoRun @CryptoRunAsset]

@CryptoEmpressX 🥰

[CryptoRun @CryptoRunAsset]

An altcoin season with two 12-month charts.

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 Senator Cynthia Lummis says "Some community banks are suggesting stablecoins are driving deposit flight. The data says otherwise." 👀

"Killing the Clarity Act won’t help community banks. It just protects the status quo they say is broken."

Pass it in September 👏

[CryptoRun @CryptoRunAsset]

@CryptoEmpressX Yeah Teddy!