More than a year ago, the House passed the Clarity Act.
There’s been progress since — thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate Republicans produced a floor-ready product that, as I type this, is waiting for a vote.
It’s disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. Find another instance in history where Congress, when given the choice, opted to push an industry out of the United States rather than smartly regulate it. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts.
These same Democrats — many of whom have taken millions of dollars from the crypto industry — proclaim that Clarity lacks safeguards for consumers and falls short in countering illicit finance. Nothing could be further from the truth. Titles II and III materially uplift regulatory and compliance obligations for digital asset intermediaries, placing them on similar footing with traditional financial institutions. The Blockchain Regulatory Certainty Act — which Washington lobbyists have spun up as a boogeyman for certain groups of prosecutors and law enforcement — does nothing other than codify longstanding Treasury Department policy that’s remained consistent across Administrations: non-custodial builders and developers are not, and have never been, subject to registration obligations under the Bank Secrecy Act. And at this point, major law enforcement trades that once opposed the bill, including the Fraternal Order of Police, have now endorsed it.
The Senate needs to vote NOW on this landmark legislation. The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the “Anti-Crypto Army” she once promised to build. In the days ahead, Leader Thune will put this theory to the test. Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel’s Left flank?
America will lead or America won’t. It’s not more complicated than that. I believe Satoshi once said it best:
“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”
@CyrilRamaphosa I had such high hopes for you when you first became president, now I wouldn’t want to even take a photo with you if I saw you on a walk. Your loyalty is to your party, not South Africa, history will remember you Mr President…
Canary Capital is proud to announce the launch of the spot XRP ETF - $XRPC
Launched in 2012, XRP was designed for fast, low-cost global payments and operates on the XRP Ledger, a decentralized blockchain built for efficiency. With its focus on cross-border transactions, XRP is often seen as the “bridge asset” connecting traditional finance and digital liquidity.
More info: https://t.co/uJ4FaUz4tX
Investing Involves Significant Risk. The loss of principal is possible. Canary XRP ETF (the "Fund") may not be suitable for all investors. This post does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.
The Fund’s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and it may be obtained at https://t.co/Gi3F6NOgB5. Read it carefully before investing.
@bgarlinghouse Here for it Brad, been believing and following every news item since the case, set the market makers free and let the price run with the ETF approvals!
@theOTEtrader lol Black Friday, been following you for a while, since you were full time Chef and part time trader 😊
Been trying on my own but need a mentor now if I want to become a proper trader
@TTrades_edu A 1 hour long video showing your thoughts, charts and process for a raw week in the life of TT. Showing D>H4>M15 with executions. We need practice putting it all together in a systematic way