Thanks @DashaBurns for the great conversation. We need to pass the CLARITY Act now more than ever: strong rules to protect consumers, unlock innovation, and build the future of finance here in America.
America built the dollar-dominated financial system that has anchored global stability for a century. The Clarity Act ensures we build the next one. The time to act is now — before Beijing decides it will.
Reliable MCPs are the trick to 10x productivity at large companies. In the last 6 months @coinbase feels like it reached an inflection point.
The kind of questions that used to take a week to answer can now be resolved with a 20 min Claude session + brief doc for alignment.
@CashApp@Square@Bitkey@blocks We like to think about bitcoin as Money 2.0
Fiat is 1.0
And Stablecoins are a bridge between the two. They offer clear improvements and customer benefits from the legacy rails.
However, they don’t replace or compete with bitcoin.
A piece from @greg_ip in @WSJ today asks whether stablecoins are a risk to the economy because they are "private money." It's a fair question, but the framing skips over how the US monetary system has actually worked for 160 years.
"Private money" isn't the exception in our system — it's the rule. Roughly 90% of M2 is privately issued: commercial bank deposits and money market fund shares. Each carries different risks and is regulated commensurately — banks by Basel, capital, FDIC, and stress testing; MMFs by SEC liquidity rules; and now GENIUS stablecoins by a purpose-built federal regime.
The right question isn't "public or private." It's whether the regulation matches the risk. GENIUS does.
Warren's war on crypto was a pure own-goal by the Democrats. It achieved nothing, and it cost them enormously by alienating a large fraction of a powerful group who'd previously supported them. Look at the change from 2020 to 2024.
Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.
The CLARITY Act has now passed out of the Senate Banking Committee with bipartisan backing and moves to a full Senate vote - a historic moment for crypto entrepreneurs and American consumers.
Crypto is not a red or blue issue. It is about whether the next generation of financial and internet infrastructure gets built in the United States.
Thank you to @SenatorTimScott and @SenLummis for your leadership on the committee, to @BankingGOP, @Sen_Alsobrooks, and @RubenGallego for their support, and to all of the staff who have worked tirelessly to get to this point.
It’s time to pass CLARITY.
HUGE.
Looks like we got a non-partisan vote out of Senate Banking with the BRCA still intact. I'm thrilled. The last minute compromise reflects Coin Center's analysis from last January, there were some steps forward since then and then back but we are feeling very comfortable.