๐บ๐ธ SEC CHAIR PAUL ATKINS SAYS THE SEC WILL ACT WITH OR WITHOUT THE CLARITY ACT ๐
The Senate failed to move the CLARITY Act forward yesterday.
But Atkins says the SEC will still act within its existing authority to deliver certainty for American investors and entrepreneurs.
1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the USโs position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind.
2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy.
3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process.
4/ Ripple's business has never been stronger โ real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.
๐ the people have spoken and XRP has won
๐ฐ we're giving someone $1,000 worth of $XRP to celebrate!
โ follow @moonpay and like this post to enter
๐ the winner will be selected and notified on August 11