JUST IN: ๐บ๐ธ Senate Democrats say they oppose the new Crypto Clarity Act draft bill but are working with Republicans to get it "over the finish line."
๐จNEW: A group of pro-crypto Democrats say theyโre unhappy not only with the Clarity Actโs ethics provisions as they currently stand, but also with several other areas of the bill, including its illicit finance and conflicts of interest provisions.
The billโs path to 60 votes remains challenging.
History will remember this as the moment a president chose a higher standard of ethics than the law required of him. This agreement bans ALL federal officials โ including the President โ from issuing or sponsoring a digital asset for profit, with real enforcement and real penalties.
Thank you,ย @POTUS! Let's get the Clarity Act passed NOW.
๐ THE GREAT RESET IS LIVE! ๐
๐จ BREAKING: The CLARITY Act hits the Senate for markup on JULY
24TH! This is the kill switch for "regulation by enforcement." ๐๏ธ๐ย
The lines are being drawn ๐บ๐ธ
๐บ๐ธ THE CLARITY ACT IS ON THE FINISH LINE.
Republicans and Democrats are set to meet today to discuss final details on the CLARITY Act.
Pass it NOW!
JUST IN. ๐บ๐ธ ๐บ๐ธ ๐บ๐ธ ๐ฅ
The US Senate is officially back at the table TODAY to hammer out the Bitcoin and Crypto Clarity Act! ๐๏ธ๐ฐ
This isn't just another billโwe are talking about the most aggressive, pro-crypto legislation in American history. The regulatory fog is finally
.@axios confirms and adds to my earlier reporting: Bipartisan ethics discussions are underway, with @SenThomTillis spearheading negotiations on the GOP side.
๐จNEW: Bipartisan discussions are taking place on Capitol Hill today relating to ethics, Iโm told.
Negotiators are also discussing DeFi provisions, but ethics remains the primary hurdle.
Asked about the ethics proposal, a spokesperson for @SenLummis said last weekโs conversation with the White House โwent wellโ and that โthe ethics text set to release in the coming days will reflect that productive conversation.โ
BREAKING:
Democrats and Republicans are meeting today to finalize the CLARITY Act.
Both sides. Same room. Same goal.
Democrats are now supporting the bill.
This is the moment the entire industry has been waiting for.
For months the bill was stuck on ethics disputes.
Trump's crypto earnings.
Presidential guardrails.
Law enforcement concerns.
All of it stalling progress.
Today both parties are sitting down to finish it.
Senator Warner said he's tired of crypto hell.
Senator Lummis said it's ready for prime time.
The CFTC Chair said it will be signed into law.
Trump said he'll sign it immediately.
And now both sides of the aisle in the same room.
Finalizing the text.
The CLARITY Act survived everything thrown at it.
Banks. Dimon.
Ethics battles.
Law enforcement objections.
Today could be the day it all gets resolved.
Be positioned before the announcement.
No U.S. Senator has worked harder than Senator Lummis @SenLummis at making sure America leads the world in financial innovation. Iโm proud to have earned her endorsement for U.S. Senate. Thank you Senator Lummis.๐บ๐ธ
The information released this evening by the White House regarding the 2020 data breach by China and potential vulnerabilities in voting machines is alarming and deeply concerning. Even more troubling are reports that officials within the federal bureaucracy kept both the President and Congress in the dark about this unprecedented breach.
Every American who believes in representative democracy should expect transparency and accountability. Congress deserves a full accounting of what occurred and any actions the Biden administration took in response, including allegations that information was withheld or concealed. The American people must have confidence in their government, and failures of this magnitude undermine that trust.
I appreciate @POTUS bringing these allegations to the publicโs attention, and I will continue seeking additional information to better understand the full scope of what occurred. We must protect our elections and pass the SAVE America Act.