JUST IN: CFTC establishes Joint Data Standards under the Financial Data Transparency Act Fed, SEC, Treasury, FDIC and 5 other agencies aligned.
Common identifiers for entities, currencies, and products across all regulators.
The financial system is being standardized from the inside out
The Clarity Act takes the side of everyday Americans.
This historic legislation brings digital assets out of the shadows and into a system that is safer, fairer, and more transparent!
JUST IN: Sen. Alsobrooks outlines exactly what's needed to pass the Clarity Act ethics language, illicit finance provisions, and agriculture committee alignment.
Keep your sleeves rolled up she says the window is narrow but the deal is still alive. $XRP
People still think (or feel) because Bitcoin is down crypto is down.
Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.
(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
Senator Lummis just gave us an honest timeline on the CLARITY Act 👀
July 4th is possible… but August recess is more likely Banking + Ag Committee bills still need to merge with GENIUS Act changes, then they need 60 votes for cloture
slow but it's moving. and it WILL get done
@ModernInvest Put it in the S&P 500 and earn $500k off it the first year and watch it grow to $10 million in 7 seven years...
Now you earn seven figures a year in interest.
Yes, it's enough.