🇺🇸 JUST IN: CFTC Chairman Michael Selig said the agency is working to “provide clarity” on crypto, including tokenized collateral and stablecoins, while developing “explicit guidelines” for prediction markets
🇺🇸 JUST IN: Coinbase CEO Brian Armstrong backed US Treasury Secretary Scott Bessent’s call to pass the CLARITY Act, saying “it’s time” for the legislation to move forward.
Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance.
It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk.
Senate time is precious, and now is the time to act.
🇺🇸 LATEST: The US Treasury is advancing the GENIUS Act with a proposed rule requiring stablecoin issuers to implement AML and sanctions compliance and enable blocking or freezing of certain transactions targeting illicit finance.
ADAM BACK JUST ABSOLUTELY DESTROYED #BITCOIN QUANTUM FUD LIVE ON BLOOMBERG
QUANTUM COMPUTERS ARE "EXTREMELY BASIC"
WE STILL HAVE "A DECADE" TO PREPARE
DON'T BELIEVE THE FUD. HODL 🚀
🇺🇸 NEW: The SEC admits some of its past crypto enforcement actions produced no investor benefit and misinterpreted federal securities laws, marking a significant shift under Chair Atkins.
🇺🇸 JUST IN: FDIC Chair Travis Hill says the agency is moving to implement the GENIUS Act, proposing new rules for stablecoin issuers and reaffirming that tokenized deposits will be treated as traditional bank deposits.
🇺🇸 LATEST: US community banks oppose the OCC’s approval of Coinbase’s trust charter, warning it falls short of regulatory standards and could pose risks to consumers and the financial system.
🚨 HUGE: The CFTC and SEC have jointly issued new guidance clarifying how U.S. securities and commodities laws apply to crypto assets, introducing a clearer token taxonomy.
⚡️ SEN. LUMMIS: "The Clarity Act paves the way to make the U.S. the digital asset capital of the world:
✅ Clear line between securities & commodities
✅ Strong consumer protections
✅ American innovation"
JUST IN: 🇺🇸 Senator Kevin Cramer urges lawmakers to advance Bitcoin & crypto market structure legislation before Easter, saying "time is not our friend" and it needs to get done 👀
Congrats to @BlackRock on the launch of their ETH staking ETP, ETHB.
We’re making crypto more accessible through familiar, trusted platforms. Wider access = more opportunity.
NEW: Eric Trump accuses major banks of lobbying to block Americans from earning higher yields on stablecoins, calling it "anti-retail, anti-consumer, and straight-up anti-American."
Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers.
These banks, and others, pay rock-bottom rates on standard savings (often 0.01%–0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.
Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4–5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying “fairness” and using words like "stability"—when it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.
Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they “pay” you!
Fortunately, the big banks are losing this fight as customers wake up to the games…
@worldlibertyfi
The “Big Banks”—the very institutions that have held a monopoly and screwed their customers for years, offering near-zero yields on retail Money Market Accounts while crushing low-balance accounts with exorbitant fees—are now doing everything they can to block the Crypto industry from offering real benefits, perks, and rewards on their platforms.
They are the greatest hypocrites and are in mass panic given they know they are losing the digital finance race! @worldlibertyfi