JUST IN: 🇺🇸🇯🇵The U.S. Treasury has reportedly told banks to prepare for a potential intervention in the Japanese yen market as early as Friday, with the New York Fed instructing them to stand by for “future actions.”
🚨 UPDATE: Possible Clarity floor vote the week of August 3. All hands on deck. Push your Senator to vote YES. Keep going.
Connect with Congress: https://t.co/GzHabguvh1
🚨NEWS: The National Fraternal Order of Police, one of the key law enforcement groups involved in negotiations over the Blockchain Regulatory Certainty Act, is now backing the latest version of the Clarity Act, saying revised BRCA language addresses its previous concerns and preserves law enforcement’s ability to investigate crypto crimes.
The BRCA remained unchanged in the latest version of the bill released Wednesday, so it’s unclear what changes the group is referencing.
BREAKING: Brazil just allowed tokenized cows to be used as loan collateral.
A farmer in Paraná was able to borrow $19,600 and used 10 dairy cows worth $23,500 as collateral for the loan.
Each cow has a unique digital identity and an AI-powered collar that allows lenders to tracks its health and location.
Multimaterial metal Additive
Manufacturing will unlock entirely new designs for electromagnetic systems. Here’s another Noyron-engineered example. We produced this motor with the @Fraunhofer IGCV process. It needs a third, insulating material to be functional.
The Clarity Act is ready for a full Senate floor vote.
The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors like FTX can harm U.S. customers and much of the industry has gone offshore totally outside U.S. purview. This bill fixes that with strong consumer protections, real tools for law enforcement, and a path for America to lead in this industry.
Crypto can't be uninvented at this point, so whether you love crypto or hate crypto, you should want clear federal laws. And it's also simply good politics: 70% of American voters say the U.S. should have already passed comprehensive crypto legislation.
Let's finish this!
Special thanks to the @standwithcrypto members who sent 950k contacts to their representatives in congress. Keep it up.
I want to thank my Democratic colleagues for their important contributions to this draft, and express my commitment to reaching a deal in the coming days that will allow this legislation to become law.
Consumer protection and pro-innovation policy aren't opposites — this bill proves it.
History will remember this as the moment a president chose a higher standard of ethics than the law required of him. This agreement bans ALL federal officials — including the President — from issuing or sponsoring a digital asset for profit, with real enforcement and real penalties.
Thank you, @POTUS! Let's get the Clarity Act passed NOW.
🚨NEWS: I’m hearing from multiple industry sources that the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon.
It’s still unclear what the details of the agreement are (I’ve reached out for comment), but industry participants are hopeful this could clear the way for updated bill text to be released soon.