US SENATE VOTING ON CLARITY ACT HAS BEEN CANCELLED 🚨
And most people don't know the exact reason behind this.
Today, the Coinbase CEO said that they won't support the Crypto Market Structure Bill.
And here are some reasons:
1) No yield on stablecoins
The Clarity Act will prohibit any yield given to stablecoin holders.
This is beneficial for banks, as it'll kill their competition.
Even the JP Morgan CFO said that if stablecoin yields were to happen, a massive outflow from banks would happen.
2) De Facto Ban on Tokenized Equities
The Clarity Act forces "tokenized financial instruments" into the SEC's strict securities framework.
This limits innovation by requiring centralized control for compliance, which bans peer-to-peer or DeFi-style tokenization of stocks.
3) DeFi prohibitions
The Clarity Act requires AML/KYC, which prohibits anonymous and permissionless DeFi.
It also requires user identification and transaction monitoring, which kills the purpose of DeFi.
If you pay attention to all these things, you'll find something common.
Most of the things in the Clarity Act have been written in favour of the banking industry and not crypto.
Banks don't want to lose their monopoly, so they are trying to kill the crypto innovation.
Big banks know that their days are numbered, and now they are at the "then they fight you" stage.
🚨SAYLOR DESTROYS ALL CRITICS WITH USD CASH RESERVE - STRATEGY UPDATE 12.1.25🚨
Michael Saylor just broke the brains of every critic who spent 5 years predicting Strategy’s collapse.
The $1.44B cash reserve announcement completely destroys the “LUNA 2.0” narrative and exposes how unserious the crypto commentariat really is.
Strategy holds 650,000 BTC and enough cash to run the company for nearly two years with ZERO BITCOIN SELLING.
In this video, I walk through the entire update like adults while laughing at the panic influencers who still think “MSTR bad” is a sophisticated thesis.
S&P Global got addressed directly.
Insolvency claims got vaporized.
Market access concerns got resolved in real time.
Critics are now scrambling to pretend they understood any of this.
Watch the breakdown. Watch the receipts. Watch the complete destruction of the “death spiral” storyline.
Strategy is not failing. Strategy is expanding.
THE CRITICS ARE FAILING:
**TL;DR:** ✅
Rate cuts = rocket fuel for crypto 🚀
…until they’re not 😤
Stack sats 🤑
Zoom out 🔭
Don’t ape at ATH 🙈
*Not financial advice.*
#CryptoForDummies
Phantom is not at risk. We have confirmed Phantom does not use any vulnerable versions of the affected packages.
We take a number of steps to guard against these types of attacks, including:
- Strict version pinning for all dependencies, preventing automatic updates to potentially compromised packages
- Mandatory security reviews for all package upgrades before integration
- Multi-layered dependency scanning and vulnerability monitoring
- Isolated build environments with integrity verification
We take the security of our users and their funds extremely seriously and will continue investing in our security practices to keep them safe against evolving threats like this one. https://t.co/ZPPUroKieR