JUST IN: 🇺🇸 Senators who voted against advancing the Crypto Clarity Act:
Independents:
• Angus King
• Bernie Sanders
Republicans:
• Thom Tillis
• Jerry Moran
• Josh Hawley
• Susan Collins
Democrats:
• Andy Kim
• Tim Kaine
• Jack Reed
• Mark Kelly
• Ed Markey
• Tina Smith
• Jon Ossoff
• Alex Padilla
• Ron Wyden
• Dick Durbin
• Gary Peters
• Peter Welch
• Jeff Merkley
• Cory Booker
• Jacky Rosen
• Adam Schiff
• Brian Schatz
• Patty Murray
• Mark Warner
• Elissa Slotkin
• Mazie Hirono
• Chris Murphy
• Ben Ray Luján
• Ruben Gallego
• Maria Cantwell
• Maggie Hassan
• Amy Klobuchar
• Martin Heinrich
• John Fetterman
• Tammy Baldwin
• Michael Bennet
• Chuck Schumer
• Jeanne Shaheen
• Chris Van Hollen
• Elizabeth Warren
• Kirsten Gillibrand
• Raphael Warnock
• John Hickenlooper
• Tammy Duckworth
• Richard Blumenthal
• Lisa Blunt Rochester
• Sheldon Whitehouse
• Catherine Cortez Masto
People made fun of me when I was honest about sleeping on my parents’ couch at 43 after the pandemic shut down my business.
Now some of those same people clown me for radically changing my situation and building financial freedom.
Read that again. And again.
People will judge you when you’re down.
They’ll judge you when you rise.
So do you.
GOD. Family. Protect your ecosystem at all costs.
Everything else is noise.
Democrats helped write the Clarity Act, securing more than 115 wins in the text. They demanded the felony bar on fraudsters, $150M for the CFTC, the crackdown on platforms like Binance, and they got almost everything they asked for. Now they need to vote for the bill they built. Anything less is walking away from their own work.
In July, I called on the Senate to advance the Clarity Act — a bill to establish a comprehensive regulatory framework for digital assets and upgrade our ability to prevent bad actors from exploiting these critical technologies.
When the Senate returns from August recess, I strongly urge everyone to remain at the negotiating table, agree to the motion to proceed, and continue the legislative process. Failing to do so would send a troubling signal to our allies and adversaries alike that America is unwilling to lead on the future of digital assets and willing to forgo enhanced national security tools to combat their misuse.
The Clarity Act passed out of @BankingGOP Committee on a bipartisan 15 to 9 vote because my colleagues and I know that we must ensure the United States leads the way on digital asset regulation, and time is running out to secure America’s leadership. Every moment we wait to get this bill to the president’s desk is a moment we risk ceding this leadership to another country. We owe it to American consumers to make sure this industry operates under US regulations and builds on US soil.
🚨 THIS WAS THE CRAZIEST BITCOIN WEEK IN CRYPTO HISTORY.
Bitcoin surged 26%, liquidating over $5 billion worth of shorts in the largest short liquidation event ever.
Over $500 billion was added to the crypto market.
Bitcoin’s most profound breakthrough is the ability to convert economic energy into digital form and bind it securely to a person, family, company, machine, or nation.
BREAKING: 🇺🇸 SEC just proposed its first-ever crypto rules “Regulation Crypto Assets” to create a clear framework for crypto.
The SEC is launching its own Clarity Act.
Great to be back at the White House today alongside @realDonaldTrump, @SECPaulSAtkins, @ChairmanSelig and leaders across the crypto industry.
The big picture has never been clearer: 67 million Americans hold crypto today (that’s nearly 1 in 4!). Crypto isn't a fringe industry. And Washington DC knows the crypto voter is alive and well.
This President's incredible commitment to innovation and leadership around digital assets in the US has been profound. The future is bright.
Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. $MSTR $STRC https://t.co/27PYXJN7GD
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.