🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks.
Next stop: the full Senate.
The Senate Banking Committee votes on the CLARITY Act tomorrow. The White House is targeting July 4 for final passage.
The policy substance is largely settled. The stablecoin yield compromise is locked. The market structure framework is agreed upon. The bill passed its hardest technical negotiations.
What could still derail it is the ethics provision. The current text contains none. Democrats say the bill will not move without conflict-of-interest rules for government officials involved in crypto.
The White House says it will accept rules that apply equally across all of government but will reject anything targeting a specific officeholder. The bill needs 60 Senate votes to pass the full Senate, which requires bipartisan support.
The committee can advance the bill tomorrow on party-line votes. But it still needs to merge with the Agriculture Committee's version, get ethics language both sides accept, and clear the 60-vote threshold.
Whether that happens by July 4 or August or at all depends on whether the ethics fight gets resolved.
It is time to make America the crypto capital of the world.
It is time to pass the Clarity Act.
It is time for America to lead.
The future of digital assets belongs to us — if we choose to act.
After 17 years, bitcoin is still widely misunderstood.
We partnered with @atlanticrethink to make a short film for the curious ft. @natbrunell, @NSmolenski, and our CEO @josephkelly. Not the crypto story. The bitcoin story.
The New Rules of Bitcoin, out today cc @TheAtlantic.
Estibaliz Kortazar, a far-left Spanish activist, did what good comrades do, she opened her home to a North African migrant.
Once he got what he wanted, the man started sexually harassing her, insulting her, and beating her. Then he threw her out, changed the locks, and took over the house.
She called the police for help. Their response? “We can’t do anything without a court order.”
Now she’s sleeping at relatives’ houses, seeing a psychologist after a nervous breakdown, and has launched a petition to fast-track the legal process and get her home back.
🚨NEW: @SenThomTillis (R-NC) says he’s ready to push the Clarity Act forward to a markup.
“I’m going to ask the chair to move forward with scheduling a markup when we get back… I think we’ve made a lot of progress… and it’s time to get it before the committee to move it forward,” Tillis told my inimitable friend and former colleague @ChaseWilliams_ in a reporter gaggle on Capitol Hill this morning following the Warsh vote.
Tillis went on to say most bank concerns on stablecoin yield have been heard and addressed, adding that others are welcome to “come and work in good faith.”
On timing: Tillis hopes to release legislative text on stablecoin yield 4–5 days before a markup after stakeholders get a preview.
On software developers and how law enforcement views the potential impact on enforcement under the 1960 criminal statute, a new flag Tillis raised this week, he pointed to @SenLummis’ approach, saying he’s “generally in support” of where the bill stands.
JUST IN: 🇺🇸 SEC Chair Paul Atkins urges congress to advance the Bitcoin & crypto market structure legislation 👀
"We really need to have congress speak to this area. We're ready, willing, and able" 🙌
JUST IN: 🇺🇸 United States Indo-Pacific Commander, Admiral Samuel Paparo, advises the Senate that "Bitcoin shows incredible potential as a computer science tool."
"Bitcoin is a reality, it is a valuable computer science tool as a power projection."
Pleased to endorse @theEric42 for Congress in Ohio. He gets digital assets and is committed to keeping this industry in America. He’ll be a great addition to the U.S. House.
First on @DailySignal: @CynthiaMLummis is endorsing @TheEric42 in the primary for Ohio’s 1st Congressional District.
This race is one to watch, especially since redrawn maps make Democratic incumbent Greg Landsman more vulnerable.
https://t.co/z19cMLD5zO
@BenjySarlin George Washington's $15,000 (in today's dollars) bar tab to close out the constitutional convention in 1787 is still my favorite thing to share with my students.
This is one of the best speeches against communism and pro-Western Civilization that I’ve ever heard..,
Marco Rubio is incredible here.
I started to pull quotes from it, but there are too many.
This is a must watch.
Proud to endorse @BMooreSenate for U.S. Senate in Alabama.
Barry is a proven conservative fighter and Freedom Caucus member who has stood with President Trump. He'll build on Senator Tuberville's legacy and deliver results for American families.
I’m proud to have earned Senator @CynthiaMLummis’ endorsement to be Alabama’s next U.S. Senator. 🇺🇸
“As one of the few members of Congress to personally own crypto assets, Barry understands that innovation will power America and Alabama’s future. I’m proud to join President Trump in supporting Barry Moore, because he will be a powerful ally in the Senate for economic freedom and technological leadership.”
#BarryMooreforAlabama #ALpolitics #USSenate #Crypto #Trump @realDonaldTrump
Hasbro is being sued by its own shareholders for printing so many damn Magic cards, 'destroying the long-term value of the brand' https://t.co/k4du7M5NEe
So pleased we were able to accomplish this for Wyoming and the US.
The Trump administration continues to make good on Making America Prosperous Again at every turn.
Honored to endorse my friend and a true workhorse for Wyoming, @HagemanforWY, for the United States Senate.
She will proudly and strongly represent Wyoming.
It is said that the bison is the only animal to turn and face a storm. To get through the blizzard faster. To not hide. To face difficult times head on. To meet the moment.
For the moment is all we have.