For the past year, I have worked diligently to get the Clarity Act passed, fulfilling President Trump’s vision to make the U.S. the crypto capital of the world.
Last week, it was reported that I was set to leave for mandatory training as part of my service in the Georgia Army National Guard, right before Clarity hits the Senate floor.
While I remain committed to fulfilling my service obligation, I am grateful to report that my training has been deferred, and that I will be able to see this effort through to the end.
Thanks to @POTUS and @DavidSacks for the opportunity to continue this important work and to everyone who reached out last week. Let’s finish the job. 🇺🇸
🚨 The banking cartel is in full panic mode. 🚨
While Americans were celebrating Mother’s Day with their families, the CEO of the American Bankers Association sent a frantic alert to every bank CEO in the country, demanding “immediate engagement” to lobby Senators and kill stablecoins that would finally let everyday Americans earn real yields on their own money.
This line in the letter sticks out: “we believe committee members may not be fully aware of the risks to the economy by the stablecoin loophole.” That’s both intellectually dishonest and simultaneously demeaning. First, there is no “loophole.” This entire issue was litigated during the GENIUS Act debate. @BillHagertyTN worked tirelessly on this issue and this statement is an insult to his and others work.
For decades, these banks have treated your deposits like their personal piggy bank, paying you next to nothing while lending YOUR money out for massive profits and executive bonuses.
During the Biden era, these same banks worked hand-in-glove with @SenWarren and her allies to debank Americans, including President Trump’s own family. They shut down accounts of conservatives, patriots, and anyone who dared challenge the regime, all while regulators applied pressure under schemes like Operation Choke Point 2.0. It wasn’t about risk. It was about political control.
Now that innovative stablecoins threaten to break their monopoly and give you actual financial freedom? They’re running to Congress again, screaming about “threats to economic growth and financial stability.”
Translation: Protect the racket at all costs.
The Senate Banking Committee votes on landmark crypto legislation this Thursday.
As a member of that committee, my message is clear:
Hands off the people’s money. Let Americans choose real competition and better returns. No more shielding Wall Street from the future. The banking elite’s days of rigging the system and debanking their political enemies are over. Innovation, freedom, and the American people will win.
I’m voting to break the cartel.
🚨SCOOP: Hearing from industry sources that stablecoin yield compromise text is imminent and could drop as soon as today. Reaching out to @SenThomTillis and @Sen_Alsobrooks offices for comment.
The U.S. Treasury Secretary is weighing in on the push to pass crypto market structure legislation in a new @WSJ op-ed.
@SecScottBessent framed it as a national priority, saying “economic security is national security,” and argued the Clarity Act is the cornerstone to bringing long-awaited rules of the road to crypto markets. He also warned that time is of the essence.
“Senate floor time is scarce, and now is the time to act,” he said. “The promise of GENIUS can’t be realized without Clarity’s support.”
Link below ⬇️
In Epstein mails, they hated Ripple and saw them as "bad for the ecosystem".
We knew how shady it is in the back, but this bad? Imagine how much we don't know.
After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.
There are too many issues, including:
- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition
We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.
We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.