Rod G

Engineer

[Eleanor Terrett @EleanorTerrett]

🚨NEW: SEC Commissioner @HesterPeirce, known to many in the crypto industry as “Crypto Mom,” will leave the agency effective October 2 after nearly nine years on the commission.

She’ll join Regent University School of Law as an associate professor in November.

[Eleanor Terrett @EleanorTerrett]

🚨NEW: @binance has made a $100 million strategic investment in @circle, expanding the companies’ partnership around $USDC.

[Rod G @Mac66G]

@HeatherGrantMD Lovely.

[Heather Grant @HeatherGrantMD]

#AnnaMariaIsland

[Digital Asset Investor @digitalassetbuy]

👀👀👀

[Eleanor Terrett @EleanorTerrett]

Great find. The arguments being made today are almost identical to those made about money market funds in 1980.

“Money market mutual funds are diverting funds from many of our nation's communities with the effect of increasing credit costs while diminishing credit availablity.…The growing seriousness of this funds diversion problem, combined with the fact that money market mutual funds are not subject to the same regulation and supervision imposed on banks…”

[Eleanor Terrett @EleanorTerrett]

🚨NEWS: Senate Republicans have released new Clarity Act text featuring a revised ethics proposal agreed to by President Trump.

The text also contains changes to the sections on the Blockchain Regulatory Certainty Act (BRCA), stablecoin yield, and the so-called “Ag title.”

Republicans are calling it their “last, best and final” offer to Democrats ahead of Tuesday’s cloture vote.

Some high-level details.👇🏼

On BRCA: The provision has been narrowed to the Bank Secrecy Act and civil enforcement. Specific language extending its protections to criminal cases, including prosecutions under Section 1960, has been removed.

On ethics: Trump has agreed to what a GOP aide describes as “80%” of the Tillis-Gallego ethics proposal including to either divest “substantial” crypto-related financial interests or place them in a blind trust. It would also allow a role for state attorneys general to enforce ethics provisions, something which the White House had previously balked at.

On yield: Added “circuit breaker” language (floated by Tillis in July) that would effectively act as a backstop by allowing federal regulators to intervene if there was evidence of widespread deposit flight from community banks to stablecoins. The federal regulator that will be the arbiter of this: Treasury Secretary Scott Bessent.

On Ag: The updated text adds tighter guardrails around vertical integration, including affiliate trading and conflicts of interest involving digital commodity exchanges, brokers and dealers. It also clarifies that state consumer protection laws still apply and that developer protections do not create exemptions from derivatives laws or impact prediction markets.

More to come in the @CryptoAmerica_ newsletter tomorrow AM.

[PaulBarron @paulbarron]

Trillions are coming.

[Brad Garlinghouse @bgarlinghouse]

A good reminder on how finance still works today… the Central Bank of Netherlands just spent months moving $11B in gold from New York to London.

~70% of it never actually left the ground. It was sold in NYC and repurchased in London. This reminded me of a story from 2013 – Germany took four years (!!) to move 674 tons of gold, worth $36 billion from vaults in Paris and New York.

In the 10+ years between those two stories, crypto went from a $1.5B experiment to a $2.7T asset class + financial infrastructure with real liquidity behind it. What didn't change: central banks (and a lot of the world frankly) still moving value the way they did in the 1940s.

Meanwhile self-driving cars are navigating city traffic, AI has transformed how we work, Starlink gives you internet access from just about anywhere in the world. But the best way to move value isn’t to actually move it? It’s confounding…

This an ideal use case for crypto - storing and then moving value instantly, securely, around the world, at little to no cost. How are people still fighting this?!
https://t.co/MRVXJZwcKR

[Digital Asset Investor @digitalassetbuy]

👀👀👀

[Eleanor Terrett @EleanorTerrett]

There’s a cloture vote on the calendar now for the Clarity Act, but as I said yesterday, there are still big kinks left to iron out.

[Eleanor Terrett @EleanorTerrett]

🚨NEW: Majority Leader Thune filed cloture on the motion to proceed to the Clarity Act.

It will be voted on by the Senate after they return at 2:15 PM on Tuesday, September 15, as agreed to by the Senate this morning.

[PaulBarron @paulbarron]

Good for $XRP holders!

[Fun Viral Vids 😊 @Fun_Viral_Vids]

We all have a friend like that 😂

[Ripple @Ripple]

It’s official: Ripple has received its EU CASP license. We are now fully MiCA-compliant and ready to meet growing European crypto demand https://t.co/I9GRgvfGzH

[Ripple @Ripple]

We're proud to announce that Ripple USD ($RLUSD) is now officially available in Japan, following approval from the Japan Financial Services Agency (JFSA): https://t.co/ChkYMQ6kxW

Through our partnership with SBI Group and @sbivc_official, $RLUSD will be accessible to both institutional and retail users via the VCTRADE platform, serving as a bridge for payments, tokenization, and collateral management.

With $1.7 billion in market cap and a 10-year relationship with SBI, this is a significant milestone in advancing regulated stablecoin adoption across Asia.

[Eleanor Terrett @EleanorTerrett]

“I am delighted to be leaving a seat that should not be occupied by the same person for too many years. Ours is a government grounded in timeless principles, not fleeting personalities. The SEC will benefit from energetic new voices with fresh ideas about how to protect our precious and powerful capital markets.”

— Commissioner @HesterPeirce on her upcoming departure from the @SECGov.

[XRP Update @XrpUdate]

BOOOOOOOOOOOOOOOOM!

THE CLARITY ACT PASSED COMMITTEE. ✅

THE FLOOR IS NEXT.⏳

[Eleanor Terrett @EleanorTerrett]

First time I've heard someone outside of crypto argue that stablecoin issuers shouldn't be regulated like banks.

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: The Senate Banking Committee has released the new 309-page draft of the Clarity Act it’s been working on since January.

Committee members now have until close of business tomorrow to file amendments ahead of Thursday’s markup.