XRP LYNX

Decoding the digital revolution. Exploring #Blockchain, #DeFi, #Crypto, #NFTs and the future of money. Views are my own!

[Eleanor Terrett @EleanorTerrett]

👀Spotted: Clarity Act-themed foam fingers sponsored by @Ripple at tonight’s Congressional Baseball Game @NationalsPark.

[Eleanor Terrett @EleanorTerrett]

🚨🗞️NEW: Clarity Act Hits Ethics Snag as White House Courts Law Enforcement Support

Dems left a Tues meeting frustrated after GOP walked back key elements of a tentative ethics deal. Talks expected to continue Thurs.➕ WH convenes law enforcement groups.

https://t.co/YaKxuTKL09

[Eleanor Terrett @EleanorTerrett]

🚨NEWS: A Dem source familiar with a bipartisan meeting between Senate lawmakers today described ethics negotiations as “rocky,” citing what they characterized as an “about-face” by GOP members and the White House on an agreement they say had previously been reached ahead of the Senate Banking Committee markup last month.

That agreement, I’m told, originally included a provision that would have allowed state attorneys general to sue the DOJ for failing to enforce certain ethics provisions.

GOP sources respond by saying that concerns were later raised by senators not involved in the ethics discussions about allowing state AGs to bring such actions against federal officials, including members of Congress.

More to come in Wednesday @CryptoAmerica_ newsletter.

[Hedera @hedera]

Hedera Chief Policy Officer @nilminirubin is on the Hill today as part of @BlockchainAssn's Member Fly-In. Hedera is proud to be among the voices making the case for smart, clear digital asset legislation.

The U.S. has an opportunity to lead, and moments like this matter.

[Senator Cynthia Lummis @SenLummis]

American builders should not have to move to Singapore or Switzerland to know what the rules are. The Clarity Act fixes that.

[Eleanor Terrett @EleanorTerrett]

Ways and Means Republicans rolled out six standalone bills and a discussion draft ahead of today’s crypto tax hearing at 2pm ET.

The bills address crypto donations, mining and staking taxation, reporting requirements, tax treatment parity, voluntary disclosure, and applying existing tax anti-abuse rules to digital assets. The discussion draft targets the use of offshore crypto tax shelters.

Witnesses include:

📌Sarah Reilly, Vice President and Senior Tax Counsel, @Fidelity

📌@LawrenceZlatkin, Vice President of Tax, @coinbase

📌@jasonsomensatto, Director of Policy, @coincenter

📌Mike Kaercher, Deputy Director,
Tax Law Center at @nyulaw

[Patrick Witt @patrickjwitt]

Big week ahead for Clarity. The work has continued in earnest behind the scenes since the Banking markup. The issue set has narrowed, and good faith offers are being put forward to close the gap. But time is of the essence.

[Eleanor Terrett @EleanorTerrett]

🚨🗞️NEW: House Turns to Crypto Taxes as Clarity Act Negotiations Continue in the Senate

Plus, what we're watching this week and a roundup of weekend headlines. ⬇️

https://t.co/4u2Vv7GwP9

[Chad Steingraber @ChadSteingraber]

—LAW DAY 321—

Over 200 organizations unite to call on our government to pass the Clarity Act.

[Crypto Rover @cryptorover]

🇺🇸 The CLARITY Act has been added to the Senate legislative calendar.

A full senate floor vote is coming.

LETS GO! 🚀

[Senator Cynthia Lummis @SenLummis]

To every developer, every founder, every holder who stuck with this through the hard years — the Clarity Act is for you.

[Senator Cynthia Lummis @SenLummis]

If we don't pass the Clarity Act this Congress, we are handing the future of digital finance to jurisdictions that do not share our values.

[Eleanor Terrett @EleanorTerrett]

🚨SCOOP: The House Ways and Means Committee is circulating a package of SEVEN digital asset tax discussion drafts that would overhaul how crypto is taxed in the U.S.

The bills tackle everything from stablecoin transactions, mining and staking, crypto lending and wash sale rules to charitable donations and a voluntary disclosure program for taxpayers with past digital asset reporting issues.

The move effectively breaks apart the broader Miller-Horsford Digital Asset PARITY Act, as well as similar legislation introduced last year by @SenLummis, into a series of standalone proposals.

The drafts will likely feature prominently at Tuesday’s scheduled Ways and Means hearing on crypto taxation.

[Cointelegraph @Cointelegraph]

🇺🇸 UPDATE: Sen. Cynthia Lummis says passing the CLARITY Act before the July 4 recess is possible, but August may be a more realistic timeline as lawmakers work to combine multiple crypto-related bills.

[Jack McDonald @_JackMcDonald_]

Another major milestone for the adoption of stablecoins in mainstream payments.💪

Excited to see @Mastercard bring regulated stablecoins like $RLUSD and public blockchains like the XRP Ledger into its next-gen of settlement infrastructure.

[Patrick Witt @patrickjwitt]

The Clarity Act is the most pro-law enforcement crypto bill ever considered by Congress. Fact.

[Stuart Alderoty @s_alderoty]

Excited to share that Ripple is expanding its presence in Washington, D.C.

Our larger D.C. office reflects our long-term commitment to constructive engagement, clear rules of the road, and responsible financial innovation.

Read more: https://t.co/gAyewDYcdo

[David 'JoelKatz' Schwartz @JoelKatz]

14 years ago, we got together with an idea to build a better way to move value. What happened next was something none of us could have built alone.

And by "us," I don't just mean the three of us.

I mean the developers, validators, businesses, community members, and everyone who helped shape XRP into what it is today.

Happy Birthday, XRP!

[Brad Garlinghouse @bgarlinghouse]

14 years later – still the honor of a lifetime to be part of the XRP family!

[kouji 🇯🇵 @yoyonofukuoka]

Shhhhhhhhhh is what you will hear before it's too late