Cam Moore
1.5K posts
"When people are at their peak frustration, that's when they finally compromise, and it gets done," @Ripple CEO @bgarlinghouse tells @JaxAlemany on his optimism for passage of the CLARITY Act. "I think we're there."
BREAKING NEWS: Trump summons bank leaders over terrifying new threat to global financial system
🚨 THE U.S. DOLLAR IS HAVING ITS BIGGEST DROP IN HISTORY! The U.S. Dollar Index (DXY) is down -15.6% from its 2022 peak, falling to 96.8 today. The last time the dollar fell this much was 2017. That move came just before global liquidity surged and crypto entered a historic BULL MARKET. Bitcoin rallied 100x from under $200 to nearly $20,000. Remember: When the dollar slips, liquidity finds risk.🔥
“No bill is better than a bad bill.” What a privilege it is to be able to say those words thanks to President Trump’s victory, and the pro-crypto administration he has assembled. But let’s not kid ourselves. There *will* be a crypto market structure bill — it’s a question of when, not if. Assuming a multi-trillion dollar industry will continue to operate indefinitely without a comprehensive regulatory framework is pure fantasy. So, do we take advantage of the opportunity to pass a bill now, with a pro-crypto President, control of Congress, excellent regulators at the SEC and CFTC to write the rules, and a healthy industry? Or do we fumble the ball and allow Dems to write punitive legislation in the wake of a future financial crisis à la Dodd-Frank? You might not love every part of the CLARITY Act, but I can guarantee you’ll hate a future Dem version even more. Let’s keep working to improve the product, recognizing that compromises will need to be made in order to get 60 votes in the Senate, but let’s not let perfect be the enemy of the good.
