NEW: 🇺🇸 Senator Dave McCormick says "If the U.S. fails to pass the CLARITY Act, we cede jobs, investment, economic competitiveness, and financial leadership to overseas competitors." 👀
"The stakes are real...Pass the CLARITY Act." 👏
NEW: 🇺🇸 Anthony Scaramucci talks CLARITY ACT on CNBC
"If it gets to the floor, it's going to pass."
"If it doesn't get to the floor, it dies a brutal death. Guys like Brian Armstrong after all of the hours, time, and energy..will start building business offshore of the U.S."
I want to thank my Democratic colleagues for their important contributions to this draft, and express my commitment to reaching a deal in the coming days that will allow this legislation to become law.
Consumer protection and pro-innovation policy aren't opposites — this bill proves it.
LATEST: 🇺🇸 Senator Cynthia Lummis has released the full updated CLARITY Act text, warning the coming weeks are "likely the last real chance we will have for years to get this right."
JUST IN: 🇺🇸 CNBC reports on CLARITY ACT progress:
Sen. Mark Warner "supports the goals of the broader bill"
Sen. Bernie Moreno was quoted, "It would prevent any elected official from issuing or promoting a digital asset"
Negotiations continue 👀
🚨 INSIGHT: Senator Cynthia Lummis says the CLARITY Act delivers regulatory certainty for developers, investor protection, and market integrity for digital assets.
Tune in tomorrow as the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence's hosts a field hearing in New York City on the one-year anniversary of the CLARITY Act passing the House. The CLARITY Act is an important step toward ensuring the next generation of financial technology is developed in America, under clear rules that reflect American values.
Watch here 🔗⬇️
https://t.co/cm7xKqO1O5
Commonsense digital asset rules are not a fight between political parties. It’s a fight between a functioning market and another decade of leaving this industry and consumers in the dark.
Strategy changed course just six days after our warning.
The company has now:
• Paused Bitcoin purchases
• Rebuilt its USD reserve from $1.44B to $3.0B
• Doubled dividend coverage from 14 to ~29 months
• Raised STRC’s dividend to 12%
• Sold $466.7M of MSTR and ~3,588 BTC
STRC has rebounded from ~$75 to ~$88, but two questions remain:
How will Strategy time future Bitcoin purchases, and when will it sell into the next bull market?
LATEST: BlackRock CEO Larry Fink says he's no longer concerned about excessive leverage in bitcoin and crypto markets, adding that he's "very bullish" on markets over the next 12 months.
🔥 BULLISH: BlackRock CEO Larry Fink says excessive leverage in Bitcoin and crypto has been washed out, bringing greater stability at current levels.
He added that he is “very bullish” on markets over the next 12 months.