@ZBCNMAN@ZBCNMAN Man, I used to love when you’d randomly drop those beats, they always hit. I don’t know if you’ve still got time to cook like that anymore, but if you do… you should definitely bring that back!
CLARITY ACT CLEARS SENATE BANKING COMMITTEE, ADVANCES TO FULL SENATE
The Digital Asset Market Clarity Act passed its Senate Banking Committee markup today, advancing the most significant US crypto legislation in years to the Senate floor.
Chairman Tim Scott opened the session at 10:30 AM ET with all 13 Republicans locked in after Senator John Kennedy committed Wednesday in exchange for a fiduciary duty provision for crypto participants and the attachment of the Build Now Act, a community development housing bill he co-sponsored with Senator Elizabeth Warren.
Warren filed 44 of the 130+ amendments and watched them fall one by one along the 13-11 party line. Her amendments on sanctions authority, retirement-account exposure and bank supervisory records relating to Jeffrey Epstein each failed 11-13. Kennedy said he would have voted yes on the Epstein amendment if the phrase "co-conspirators" was stripped, but Scott moved on regardless.
Senator Mike Rounds' AI sandbox amendment passed 15-9 with bipartisan support.
Markets responded immediately. Bitcoin pushed above $81,000 and Coinbase shares surged more than 8% intraday. Polymarket odds of 2026 CLARITY Act passage repriced from the low 60s to 73% on Kennedy's Wednesday commitment.
The ethics provision Democrats demanded, targeting government officials with crypto ties, falls outside the Banking Committee's jurisdiction and will be addressed at later stages. The bill still requires reconciliation with the Senate Agriculture Committee's parallel version, a full Senate floor vote, House reconciliation and a presidential signature. The White House target remains July 4.
Alas, we have some indication of
how Telcoin's CEO Paul Neuner 🐐
had the foresight years back to structure the company and Telcoin Digital Asset Bank | eUSD complementary to the CLARITY Act, which eliminates passive 'yield balances' on stablecoins.
"This regulated market structure is what Telcoin Digital Asset Bank and eUSD were built for."
- Telcoin
🌐 | $TEL
Telcoin is ahead of the curve ⌚️