John Thune says Democratic opposition is preventing a pre-recess vote on the CLARITY Act. Republicans now plan to bring it back up as soon as the Senate returns in September.
@wolfofereum Self sovereign identity could be far more transformative than putting another social app on chain. Giving people control over their credentials has real long term utility.
Unpopular opinion: Most apps don't need a blockchain.
What they actually need is:
โข Self-sovereign identity
โข Decoupled data storage
โข Trustless settlement
Stop putting database logic on-chain.
The RWA market keeps expanding, but tokenized stocks still account for only a small percentage. That also means there's plenty of room for growth if adoption continues.
Crypto companies have spent years navigating overlapping regulators. The Clarity Act could simplify that, assuming lawmakers can agree before the August recess.
The next winners in crypto may not be the issuers of tokenized assets. They could be the platforms building pricing, lending, and redemption infrastructure around them.
House Democrats are pressing the SEC for answers on AI-powered investment advisers. Lawmakers raised concerns about trading platforms using AI agents to make major investment decisions on behalf of retail investors.
Monster day / week to close out the month of May for $SATA
$160 million of volume today.
$390 million of volume this week.
3 cents of volatility today.
Team was very hard at work.
Enjoy the weekend ๐ซก