We both want bad actors held accountable. The difference is I’m working on solutions, you’re shouting into the void hoping the status quo fixes itself.
Sec. 303 enables new crypto sanctions on Iran.
Sec. 305 lets exchanges stop illicit funds before they reach North Korea.
I’m optimistic that President Trump’s executive order has made clear that there will not be a Central Bank Digital Currency while he is President. Nevertheless, a statutory CBDC ban is an essential safeguard. Banning CBDC and protecting the right to transact should be top legislative priorities for Congress.
Instead, they recently passed an effective go-live date in 2030…
This is likely our last chance to get real legislation for digital assets on the books before 2030. If we fail to pass the Clarity Act, we are ensuring another country will write the rules for digital assets and we spend the next decade catching up.
Opportunity is created when innovators have clear, predictable rules.
The Clarity Act provides clear rules of the road for digital assets, protecting consumers and helping keep the future of finance in America. #Opportunity250
America has led every great technological revolution — the railroad, the internet, the smartphone. Digital assets are next. The Clarity Act makes sure we don't hand that lead to someone else.
Our Founding Fathers created the most innovative economy in human history because they believed free people build better things. Digital assets are proof that spirit is still alive.
The Clarity Act has 16+ illicit finance safeguards, not loopholes:
✅ Sec 201: BSA/AML applies to crypto
✅ Sec 303: new sanctions to hit Iran
✅ Sec 305: exchanges can freeze dirty money
If you don’t like crypto, then say it, but stop these baseless attacks.
🤔 Digital ID passed the House yesterday. CBDC go-live date passed as part of the Housing bill. Stablecoins passed with the Genius Act - and without protecting self-custody.
Account-based future complete. Clarity on life support.
Another example of how clear rules of the road can unlock massive value. What GENIUS did for stablecoins, the Clarity Act will do for all other digital assets.
I agree with @LeaderJohnThune: The Senate should vote on crypto market structure legislation in July.
@BankingGOP advanced a bipartisan bill that would deliver clear rules of the road, protect consumers, and keep innovation in America.
It’s time to deliver for the American people.
More evidence that our adversaries exploit crypto to move billions.
The Clarity Act, as it's currently written, would make this problem worse.
Congress should be strengthening illicit finance standards, not creating new loopholes.
The dollar's reserve status was not an accident. It was the result of American leadership. That same leadership is required right now in digital assets.
🚨WATCH: @RepTimmons says people are turning to digital assets globally to protect their money from inflation and government mismanagement, citing Venezuela’s adoption as an example.
WATCH: Chairman @RepTimmons explains why digital assets matter in the fight against authoritarian regimes.
"For millions of people living under repressive rule, the ability to store value, send money, or receive support from abroad without government interference can be lifesaving."
🚨WATCH: @RepTimmons asks how governments will adapt to taxing and tracking digital assets at a roundtable on digital currency, with a witness saying that blockchain-based systems will likely become embedded in global payments.
I have watched the digital asset community grow from the fringes to the floor of the United States Senate. I am so proud of every single person who made that happen. Now let’s get the Clarity Act to the president’s desk!