Crypto Street Network

Follow for digital asset news, research, and analysis. None of this is financial advice.

[Crypto Street Network @CryptoStreetNet]

💲Crypto can reinforce dollar supremacy through stablecoins.

🪙 Digital assets are one of the most important phenomena in the world right now.

🇺🇲 The United States can be a hub for digital asset innovation, and GENIUS + CLARITY Act move us closer to that outcome.

[Treasury Secretary Scott Bessent @SecScottBessent]

Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy.

Digital assets are one of the most important phenomena in the world right now, yet they have been ignored by national governments for far too long.

This administration is committed to establishing the United States as a hub for digital asset innovation, and the GENIUS Act moves us one step closer to that goal.

[U.S. Senate Banking Committee GOP @BankingGOP]

Today, Chairman @SenatorTimScott led Banking Committee Republicans and Democrats in a historic bipartisan markup to advance to Clarity Act, legislation that will establish clear rules of the road for digital assets.

[PaulBarron @paulbarron]

BREAKING: The CLARITY Act has cleared the Senate Banking Committee @BankingGOP
🇺🇸 Key: full Senate vote, House reconciliation, then the President's desk. Several senators must come to our side - @SenatorTimScott will need to get @SenWarren and others to make the move - Expect Ethics to be the hurdle!

[Crypto Street Network @CryptoStreetNet]

@RippleXDev

[Crypto Street Network @CryptoStreetNet]

@solana

[Crypto Street Network @CryptoStreetNet]

@ilustfortornado

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: The White House Council of Economic Advisers has released its study on stablecoin yield and its potential impact on deposit flight and bank lending — the same report I noted last month that Senate Banking lawmakers were pressing the White House to release.

The TLDR: Banning stablecoin yield would do little to boost bank lending, impose costs on consumers, and concerns around deposit flight are overstated.

The data: At baseline, eliminating yield increases lending by just 0.02% (~$2.1B) and results in a net welfare loss.

On deposit flight: The report finds those concerns are “quantitatively small,” noting most stablecoin reserves remain within the banking system, with only a limited share truly removed from lending activity.

“In short, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings,” the executive summary reads.

Link to the report below ⬇️

[Crypto Street Network @CryptoStreetNet]

Interested to see how this progresses! Also would love to hear @JoelKatz and @justmoon thoughts on this initiative.

[MoonPay 🟣 @moonpay]

https://t.co/goQUMZ414r

[MoonPay 🟣 @moonpay]

https://t.co/goQUMZ414r

[Crypto Street Network @CryptoStreetNet]

@AbsGEC @DigPerspectives @thebearablebull @johnnykrypto00 @NFAdotcrypto Interesting BTC price at 0:18 of video...

[Crypto Street Network @CryptoStreetNet]

@JoXqqf @thebearablebull @NFAdotcrypto interesting BTC price...

[Crypto Street Network @CryptoStreetNet]

@EleanorTerrett @Tracy_Maloney2

[Hunter Horsley @HHorsley]

Clarity is arriving —

Clarity Act or not.

[Eleanor Terrett @EleanorTerrett]

“We’re not the securities and everything commission anymore.”

[Paul Atkins @SECPaulSAtkins]

Our interpretation on crypto assets—grounded in existing law and informed by extensive public input—acknowledges what the former administration refused to recognize...

Most crypto assets are not themselves securities.

[Paul Atkins @SECPaulSAtkins]

After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the SEC treats crypto assets under federal securities laws.

This is what regulatory agencies are supposed to do: draw clear lines in clear terms.

[U.S. Securities and Exchange Commission @SECGov]

TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets.

This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets.

Read the release here: https://t.co/DDykVLHZQI

[Crypto Street Network @CryptoStreetNet]

@digitalassetbuy

[Paul Atkins @SECPaulSAtkins]

The era of turf wars, duplicative registrations, & differing regulations between @SECgov & @CFTC is over.

By aligning regulatory definitions, coordinating oversight, & facilitating data sharing, @ChairmanSelig & I will ensure we deliver the clarity market participants deserve.

[U.S. Securities and Exchange Commission @SECGov]

🚨 TODAY: Alongside the @CFTC, we entered into an updated Memorandum of Understanding to guide future coordination between our two agencies.

This MOU will support lawful innovation, uphold market integrity, and promote investor and customer protection.

Link in the comments.

[Crypto Street Network @CryptoStreetNet]

@Kansas1111 Include us!