The Senate Banking Committee is marking up the Bitcoin & crypto market structure legislation TODAY
Re-post if you want to see the Clarity Act pass 🙌🇺🇸
CLARITY ACT COMPROMISE TEXT RELEASED, BANKING MARKUP CLEARED
The U.S. Senate released long-negotiated compromise text for the CLARITY Act on Friday, hashed out by Senators @SenThomTillis and @Sen_Alsobrooks , ending months of stalemate over stablecoin yield programs.
The deal bans pure reserve-yield products that look like bank deposits, while preserving "activity-based" reward programs from firms like @coinbase. Crypto firms restructure from "buy and hold" to "buy and use."
Banking Committee markup is now cleared. Full Senate vote could follow in May or June, with the August recess as the practical deadline before the bill stalls into 2030.
💥UPDATE: KRAKEN BECOMES FIRST CRYPTO FIRM TO ACCESS FEDERAL RESERVE PAYMENT SYSTEMS
Kraken has secured direct access to the Federal Reserve's core payment infrastructure, the same rails used by major U.S. banks daily.
According to WSJ, the exchange can now settle money transfers directly through the Fed, bypassing traditional banking intermediaries.
It marks the first time a crypto-native firm has been granted this level of access in U.S. financial history.
TOM LEE EXPLAINS THE MR.BEAST DEAL
At the BitMine $BMNR shareholder meeting, Tom Lee broke down why BitMine invested in Beast Industries:
- $200M strategic investment
- MrBeast is the most watched creator in the world
- BitMine is the largest corporate and strategic investor in the company
- Investment is framed as a long-term moonshot tied to Ethereum, DeFi, and tokenization
📦📊 ¿Conoces sobre los Comités Nacionales de Facilitación de Comercio en los países de la #AlianzaDelPacífico? Revisa nuestro One Pager informativo. 👉 https://t.co/gveVQQpygQ
Don't miss the chance to try your hand at playing lithophones, rocks that resonate from the Andes, at the Chile pavilion! London Design Biennale ends on 27 June. Book your tickets here: https://t.co/X0iz8sAtqA #LDB21
Sobre Chile en Expo Dubai 2021 🇦🇪, cooperación en vacunas Covid 19 y dar un gran salto en nuestro esquema de comercio e inversiones durante los próximos meses, conversamos con la Ministra de Cooperación Internacional y Directora General de la Expo 2020, Reem Al Hashimy #Expo2020