.@HawleyMO just proved 2 things: 1) he is 💯 ignorant on this subject; and 2) he believes it is his job as a U.S. Senator to protect an incumbent banking system from disruption, innovation and evolution. A puppet of the banking industry.
@ewarren You are the reason US still doesn’t have Clarity on the most advanced technology in the world. If this space is not taken seriously then the innovation moves to some other tech forward nation like Singapore, UAE. You are the reason US lagged behind yet again!!
Democrats voted against their own work today.
They added pages to the CLARITY Act, updated the Ethics Rules. They called it the TOUGHEST Ethics Rules ever. President Trump agreed to all of it.
It doesn’t make sense, right?
Don’t forget - Ripple and XRP stand on settled ground. The 2023 federal Court ruling established XRP is not a security.
And in March the SEC and CFTC issued a joint interpretation naming XRP a digital commodity. SEC Chairman Atkins and a CFTC Chairman Selig understand these markets. We expect future rulemaking from both agencies to continue to set out clear rules of the road.
Here is the list of 4 Republican Senators who joined all the Democrat Senators to killed the cloture vote on the clarity act today.. 📃 🇺🇸
Mark down al these names so we can unseat them in November midterm election.. ✅️ 🗳
This afternoon, Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership. I sat at the table with Senate Democrats working in good faith to get this done while they played games.
For over a year, they presented demands and the second we met them, they made new demands and moved the goal posts. Today they voted against real limitations on politicians’ personal crypto investments. They voted against protecting American consumers from the scammers and fraudsters this bill would have shut down. They voted against American leadership, and handed China and every one of our foreign competitors exactly what they wanted. Democrats chose politics over the American people—again. That’s not leadership on their part, that’s surrender to their radical, socialist base.
The once-proud Democratic party is anti-consumer and pro-illicit finance, anti-ethics, anti-free enterprise, anti-worker, anti-livable wage jobs, and pro-socialism. The Democrats are now anti-American. Sad!
These Democratic Senators must be voted out in November
DEMOCRATIC U.S. SENATORS RUNNING FOR REELECTION IN 2026
Cory Booker — New Jersey
Chris Coons — Delaware
John Hickenlooper — Colorado
Ben Ray Luján — New Mexico
Ed Markey — Massachusetts
Jeff Merkley — Oregon
Jon Ossoff — Georgia
Jack Reed — Rhode Island
Mark Warner — Virginia
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 US’s 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 — 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.
Let me remind all the US Senators again..
In 15 hours from now the Senate will vote on cloture for clarity act..
This bill is vital for America and Americans..
We will monitor closely of all the vote..
You vote NO..
We vote NO on you in the November midterm election.. 🇺🇸
This granny loves to lie. She and other Dems took millions from SBF, blowing kisses to him and more. Im sure Liz told Gensler not to investigate SBF, remember they were trying to give FTX a special broker dealer license.