Today, we filed an S-1 with the @SECGov for the Cryptex Digital Market Cap ETF ($BAGZ)
Co-Sponsor: @ETCETF - $23.2B in AUM.
Custody: @coinbase
The ETF is designed to track the Cryptex Digital Market Cap Index, which includes 36 digital assets across multiple categories.
@OndoFinance Beyond saddened to hear this news. A true pioneer. We at Cryptex Finance are so sorry for your loss and our hearts go out to the entire Ondo Family.
A huge step today as the Senate Banking Committee voted to advance the #CLARITY Act. @SenatorTimScott we deeply appreciate your commitment to inspiring bipartisan support.
LFG.
I appreciate Senator Warren calling out the courage of @preston_vanloon and others with the support of @coinbase to sue Treasury over its unlawful designation of Tornado Cash— and win. Ordinary people can do extraordinary things.
We’ll be in the United States Senate this Thursday for the CLARITY Act markup.
The CLARITY Act creates a clear federal framework for digital assets, strengthens consumer protections, and opens the door for trillions of dollars of institutional capital to participate in the digital asset economy under clear rules.
Let’s get it done 🦾🇺🇸
FINAL CLARITY ACT STABLECOIN YIELD TEXT IS PUBLIC, PASSIVE REWARDS BANNED, ACTIVITY-BASED REWARDS PROTECTED
The final stablecoin yield text in the CLARITY Act is now public, ending months of standoff between banks and the crypto industry, per Punchbowl News.
The compromise from Sens. Tillis (R) and Alsobrooks (D) bans rewards "economically or functionally equivalent" to deposit interest. Activity-based rewards tied to payments, transfers, and real platform usage stay protected. The structure closes affiliate workarounds by design.
Coinbase Chief Policy Officer Faryar Shirzad (@faryarshirzad) framed the outcome as a win on what mattered: "the ability for Americans to earn rewards, based on real usage of crypto platforms and networks." Banks got tighter restrictions on yield. Crypto kept the activity rails open.
The final text emerged from months of negotiation between the White House, Treasury, Senate Banking GOP, Tillis, and Alsobrooks. Senate Banking Committee markup is targeted for mid-May, lining up with Sen. Scott's "in the red zone" comments yesterday.
Remaining issues to resolve: DeFi provisions, ethics language for executive branch officials, and reconciliation with the House-passed version.
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