๐จ BREAKING: U.S. SENATORS REACH BIPARTISAN DEAL WITH WHITE HOUSE ON STABLECOIN YIELD DISPUTE
The CLARITY Act just cleared its biggest hurdle.
Senator Thom Tillis (R-NC) and Senator Angela Alsobrooks (D-MD) confirmed Friday they have an agreement in principle with the White House on stablecoin yield language that stalled crypto market structure legislation for months.
"Sen. Tillis and I do have an agreement in principle," Alsobrooks said. "It will allow us to protect innovation, but also gives us the opportunity to prevent widespread deposit flight."
Tillis added: "In working with the White House, I think we have an agreement. Now we have to vet it with industry, because they are a party to an ultimate deal."
The bill could now move to a Senate vote within weeks. If passed, it would end regulation by enforcement and bring clearer rules on token classification, intermediary standards, RWA tokenization, and small transaction tax clarity.
The House passed the CLARITY Act in July 2025. The Senate version has been stuck in Banking Committee over the stablecoin yield fight between banks and crypto firms. That fight may now be over.
๐จ BREAKING: Donald Trump says that the current financial system is "old & outdated" and he wants to replace it with crypto for faster transactions.
THIS HAS TO BE $XRP!! ๐คฏ
๐จ Today, history was made
The GENIUS Act is now law, establishing the first major U.S. legislation for stablecoins and laying the foundation for the next generation of financial infrastructure
At BankSocial, weโve been building toward this moment
Not just preparing for whatโs nextโbut launching it
Whatโs already live on our platform
โ Public and private stablecoins
โ Real-time payments through FedNow
โ Liquidity, deposit, and settlement tokens
โ Seamless shared branching across institutions
โ Available in our Super App or integrated into existing digital banking platforms
This isnโt a small shift
Itโs a complete re-architecture
The future is here, and itโs already working
Letโs build it together
๐จBREAKING: In a groundbreaking move, the US Federal Housing Finance Agency issues federal order to count $XRP, $BTC & crypto as assets for mortgages.
The passage of the GENIUS Act is an incredible moment for the industry, one we deserve to celebrate. We owe it to everyone who stuck through the tough times and kept pushing: those in the trenches, the devs who kept shipping, the evangelists who kept proselytizing utility, the industry associations relentlessly educating on the Hill, the members of the House and Senate who came together across the aisle for this bill, and credit to the new administration for delivering on its promises to the industry.
Crypto is just getting started
๐จBREAKING: $XRP attorney Bill Morgan says a we could see breakthrough in the Ripple vs. SEC battle within 9 daysโas the SEC's 60-day window closes 6/16.
Full resolution could be as early as June 13, 2025.
This could be the moment the #XRPArmy have for. ๐ฏ๐ช๐ฝ
๐ Bullish
The final crossing of tโs and dotting of iโs โ and what should be my last update on SEC v Ripple everโฆ
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SECโs request. All subject to Commission vote, drafting of final documents and usual court processes.
Thatโs all folks!