1/ Big news: @phantom has received first-of-its-kind no action relief from the @CFTC. We can now connect users to regulated derivatives markets and event contracts without registering as an introducing broker.
https://t.co/p5hBz3JBjA
Proud to share that the @Ventuals team is joining Phantom: @AlvinHsia, @EmHsia, and Aris Samad start with us this week. I’ve been following their work for a long time, and am so excited to work alongside them at Phantom. https://t.co/OhcaUPh8Kp
1/ I must be looking at a different version of the Clarity Act.
The WSJ story is about sanctioned entities allegedly moving funds through an offshore exchange. The bill I’ve pored over for months includes quite a bit aimed at exactly that kind of risk.
https://t.co/CSPRBKUBNT
Grateful to @FortuneMagazine for highlighting all the great work happening across crypto today. 🙏
We're all working toward a world where everyone can experience the benefits of crypto in their daily lives. Still plenty of work to get there, but I'm thankful to be amongst an amazing group of companies driving towards that future. #FortuneCrypto100
Signed onto this letter with 60+ founders and CEOs urging the Senate to pass the Clarity Act with the BRCA intact. The principle is simple: a developer who doesn't control user funds isn't a money transmitter. Pass the Clarity Act as written. 🇺🇸
She's finally here. ✨
For the first time in SheFi's history, we're joined by @Solana.
One of the most powerful ecosystems in crypto, for our largest cohort ever.
Open to absolutely everyone. The girls are in for a Solana Summer. 🌊
Clarity passing out of committee is a huge moment for finance. Thank you to the committee staff who worked (and will continue to work) tirelessly to get this over the finish line. And thank you to @BlockchainAssn@fund_defi@crypto_council for serving as key industry voices 🙏
Huge thanks to Senate Banking for advancing the Clarity Act out of committee today. Real momentum behind a comprehensive federal framework for digital assets, and a clear, important signal that responsible builders can keep building in the U.S. with confidence.
This is a defining moment for American leadership.
@blockchainassn & @crypto_council urge members of Senate Banking to support this legislation and work toward a final, bipartisan framework that ensures the US leads the next generation of financial innovation.
Read our letter: https://t.co/wpfnKlhHQY
7/ Clear rules matter. Overbroad rulemaking doesn't just chill innovation — it risks undermining the very goals Congress had in passing the GENIUS Act with bipartisan support.
Thank you to the OCC for the opportunity to engage constructively to get this right.
[end]
1/ Today @phantom filed a comment letter with the @USOCC on its proposed rulemaking implementing the GENIUS Act — specifically taking issue with a provision that we think goes further than Congress intended on stablecoin yield. 🧵
6/ We also ask the OCC to confirm that yield earned by users who independently deposit stablecoins into DeFi protocols falls entirely outside the prohibition. The economic source of that yield is the protocol — not the issuer. Users bear the risk. The issuer guarantees nothing.
Always love joining @thinkingcrypto on his podcast! This time, my first as a member of @phantom’s legal team, we chatted about our CFTC no action letter and what’s on the horizon.
Thanks, Tony!
Phantom's Crypto Wallet Get's No Action Relief!
WATCH ▶️ https://t.co/L2htMRNcJE
Marisa Coppel, Assistant General Counsel at Phantom, joined me to discuss the CFTC issuing no-action relief for the firm’s self-custodial crypto wallet.
Topics:
- CFTC issued a no-action letter to Phantom Technologies
- SEC and CFTC guidance
- Clarity Act
#crypto #solana #cftc
1/ Today, @BlockchainAssn and @crypto_council, joined by a broad coalition of more than 120 organizations from across the digital asset ecosystem, urged the Senate Banking Committee to move forward with a markup on market structure legislation.
Years of bipartisan work have brought Congress to an important moment. The U.S. needs clear, durable rules that protect consumers, provide certainty, and reinforce American leadership in digital asset innovation.