BREAKING:
If the CLARITY Act stalls, there's already a backup plan in motion.
Project Crypto.
A joint SEC-CFTC initiative to build market structure rules without needing a single vote in Congress.
Chair Atkins standing next to CFTC Chair Selig: "Legislation alone cannot deliver the certainty that investors and market participants deserve."
Both regulators moving to define crypto asset taxonomy, tokenized collateral, and onshore products like perpetual contracts that fled offshore due to years of U.S. regulatory uncertainty.
This isn't a fallback plan announced this week.
It launched in January.
And it's advancing right now, specifically because Congress keeps stalling.
Here's why this matters more than another delayed vote count.
The SEC and CFTC spent years fighting over jurisdiction.
Enforcement actions instead of rules.
Now the same two agencies are co-writing the rulebook together.
The market isn't waiting for Congress.
Neither are the regulators anymore.
HUGEEE 💥
OVER 1 MILLION CALLS AND EMAILS HAVE NOW BEEN SENT TO U.S. SENATORS IN SUPPORT OF THE CLARITY ACT, SAYS COINBASE’S FARYAR SHIRZAD.
THE PRESSURE IS ON 🚀
@saylor@Strategy Then look at the total return of any of the first four . And then compare if you would keep your investment even in cash you would outperform them on the annual basis 😂