Eleanor Private

Journalist & Host @CryptoAmerica_ • Former @FoxBusiness • Citizen of 🇺🇸🇬🇧 • Mother of Cats 🐈 95 • Breaker of News 🗞️ • THIS IS MY ONLY X
ACCOUNT! •

[Eleanor Terrett @EleanorTerrett]

The National Sheriffs’ Association was the last of the major police organizations opposing the Clarity Act to change its position, moving from opposition to neutral. But that shift is notable.

Compare the language in this letter with the one the group sent July 31, when it described the bill as “harmful,” warned of “significant law enforcement and public safety risks” and characterized the BRCA language as “terrible policy.”

While not an endorsement, the shift likely reflects significant behind-the-scenes work between White House officials and the group this summer to move it from its earlier highly critical stance to neutral.

Not expected to change their positions, I’m told, are the prosecutors: the National District Attorneys Association and the National Association of Assistant U.S. Attorneys.

Both groups have conditioned their support on significantly narrowing the BRCA’s protections for noncustodial software developers, including making it easier to prosecute them as unlicensed money transmitters for knowingly moving illicit funds. The White House, Treasury, Members of Congress and the crypto industry have made clear they are unwilling to make those changes.

Democratic Senator @SenCortezMasto aligned herself with the prosecutors’ groups in a July letter backing the proposed changes and has not publicly shifted her position since.

But the NSA’s move to neutral is generally being viewed as removing another obstacle on the path to the September 15 vote.

[Eleanor Terrett @EleanorTerrett]

🚨NEW: There’s a notable nod to digital assets in the G20 Chair’s Statement released today by @SecScottBessent, with finance ministers and central bank governors from the 20 largest economies recognizing the potential of digital assets to support economic growth and committing to create “clear pathways” for responsible innovation.

The statement also calls for improvements to cross-border payments, including keeping the systems banks and central banks use to move large or time-sensitive payments open longer, encouraging wider use of ISO 20022 (a common global messaging standard used by banks), and making it easier to transmit financial services data across borders.

The group is also awaiting findings from the Financial Stability Board on the cross-border implications of global stablecoins.

[Eleanor Terrett @EleanorTerrett]

You can read the full statement here:

https://t.co/EUlVITvvR9

[Eleanor Terrett @EleanorTerrett]

🚨NEW: Another big crypto-related rule proposal from the @SECGov dropped today, this time to update its decades-old transfer agent rules to account for blockchain technology and tokenized securities.

The proposal would allow transfer agents (which maintain the ownership record for securities) to use blockchain as the official record. Firms would also have to report how many tokenized securities they service and which blockchain platforms they use.

The move marks another step in the agency’s broader push to bring U.S. securities markets onchain.

[Eleanor Terrett @EleanorTerrett]

🚨🗞️NEW: Former Regulators Warn U.S. Risks Losing Ground in $90 Trillion Perps Market

A bipartisan group of former @SECGov and @CFTC regulators weigh in on how the agencies should approach derivatives as the CFTC looks to onshore the perps market.

https://t.co/7n9wXfZvXc

[Eleanor Terrett @EleanorTerrett]

GM! 🌞☕️

Back from what became a 3,000-plus-mile cross-country road trip with a detour through Canada.

We started in Wyoming and made our way through South Dakota, Minnesota, Wisconsin and Michigan, then up to Ottawa and Québec City before heading back through Vermont and New York.

Great way to end the summer. Now back to work! 😌

[Eleanor Terrett @EleanorTerrett]

🚨NEW: The @USOCC and @FDICgov are moving to finalize a rule that would define the term “unsafe or unsound practices” in relation to bank supervision. This term has been undefined for years, and has relied on the broad discretion of bank examiners.

The rule would require supervisors to tie alleged unsafe or unsound practices to an actual violation of law or material financial risk, making it harder to use vague reputational or procedural concerns to pressure banks over lawful customers, including crypto companies.

It marks another significant step toward unwinding “Operation Choke Point 2.0.”

[Eleanor Terrett @EleanorTerrett]

Judge Failla of the SDNY has granted @rstormsf’s request to delay his retrial until April 2027 rather than begin in October of this year.

Storm’s motion for acquittal is still pending more than a year after a jury found him guilty of conspiring to operate an unlicensed money transmitting business.

Prosecutors are looking to retry him on the two charges the jury was deadlocked on: conspiracy to commit money laundering and evade U.S. sanctions.

[Eleanor Terrett @EleanorTerrett]

“Because after a life of wearing heavy rhinestones, she finally deserves to be comfortable and have some rest.” 😭

RIP Queen 👑

[Eleanor Terrett @EleanorTerrett]

My favorite @Bloomberg analysts wrote a book!

Congrats @EricBalchunas and @JSeyff. Can’t wait to read it!

[Eleanor Terrett @EleanorTerrett]

First American road trip! 🇺🇸

WY ➡️ NJ

[Eleanor Terrett @EleanorTerrett]

Incredibly honored that @giancarloMKTS asked me to write the foreword to his upcoming book, The New Adventures of Crypto Dad.

Chairman Giancarlo is an excellent storyteller who takes readers behind the scenes of some of crypto’s biggest moments in Washington while exploring the future of decentralized technology, all against the backdrop of America’s 250th anniversary.

Pre-order your copy on Amazon now!

[Eleanor Terrett @EleanorTerrett]

Thank you to @Scaramucci, John Darsie and the entire @SALTConference team for putting on another stellar conference in Jackson Hole. ⛰️

I spoke with @krakenfx co-CEO @arjunsethi about @Payward’s vision for an open, global financial system, and we recorded a few @CryptoAmerica_ episodes with some brilliant guests. Looking forward to sharing them soon!

[Eleanor Terrett @EleanorTerrett]

🚨🗞️ Washington’s Crypto Policy Blitz: Trump Pushes the Clarity Act as Regulators Press Ahead With Rulemaking

D.C.’s usual August lull gave way to a flurry of crypto policy activity this week.

https://t.co/qIm4Pi8S9F

[Eleanor Terrett @EleanorTerrett]

This afternoon at 1:00 PM ET, the @CFTC will kick off the inaugural meeting of its Innovation Advisory Committee to discuss crypto, AI and prediction markets.

Many of the executives who attended yesterday’s White House event will be there, including additional leaders from across crypto, traditional finance, academia and prediction markets.

[Eleanor Terrett @EleanorTerrett]

You can watch the meeting here:

[Tiffany Fong @TiffanyFong]

Look at this sweet little retard

[Tiffany Fong @TiffanyFong]

LMAO 🤣

[Tiffany Fong @TiffanyFong]

I’M OFFICIALLY 200 DAYS NICOTINE FREE!

[Tiffany Fong @TiffanyFong]

I’m trying the diarrhea lettuce at Taco Bell!