Digital Sovereignty Alliance (DSA)
338 posts
@DSAForg
Advocating for ethical innovation in blockchain, Web3, crypto, and AI through research, education, and policies that prioritize digital sovereignty. 🌐
Chairman @SECPaulSAtkins on agency priorities: "What we're trying to do now is modernize, clarify and then transform our our rules and regulations . . . to invite innovation and people who are innovators back to the United States."
We've been working on the Clarity Act every day for 10 months, and we'll introduce bill text in the next few days — it's time to land this plane. This is about helping law enforcement fight illicit finance, passing consumer protections and keeping these markets onshore in the US.
Major milestone for stablecoins: USDT circulating supply on the TRON blockchain now exceeds $90 billion, @trondao announced today. The community-governed DAO continues to drive the decentralization of the internet through blockchain and dApps. #TRON #USDT
Critical week for Clarity, which also happens to be the one-year anniversary of GENIUS. A reminder of the incredible amount of hard work that has gone into this bill, but also of the time we’ve already lost. We cannot afford to delay any longer.
Crypto's most important week of the summer starts Monday The Senate returns July 13 with a revised CLARITY Act draft expected within days, per CoinDesk. Republicans are pushing for a floor vote before the August recess closes the window. The pieces are in place: committee passage 15-9, a House version already through, and the CFTC chair calling the bill "so close." The next three weeks decide whether it reaches the floor this summer.
SCOOP: Lawmakers may drop a new version of the Clarity Act as soon as next week, people following the effort told CoinDesk. Read the full story by @nikhileshde and @jesseahamilton on CoinDesk.
Before the GENIUS Act passed, banks didn't think they needed to take the crypto industry seriously, says @AdrianWall8395, Managing Director of @DSAForg and Senior Director of U.S. Policy at @trondao. "I really think they were just phoning it in. Big miss on their part.”
LATEST: 🇦🇪 The Central Bank of the UAE has reportedly granted a no-objection certificate to dirham-backed stablecoin DDSC, clearing it to list on VARA-regulated exchange platforms.
🚨NEW: Senator @RonWyden (D-OR) is asking Senate leaders to preserve the Blockchain Regulatory Certainty Act, as passed by the Senate Banking Committee, in any version of the Clarity Act brought to the floor. It comes amid uncertainty over whether certain key law enforcement groups will accept the BRCA language and whether changes will be needed to win their support, as well as the votes of other Democratic senators like Senators @CortezMasto and @MarkWarner. In a letter to Thune and Schumer, Wyden says the provision would codify existing federal policy by clarifying that non-custodial software developers should not be treated as money transmitters solely for publishing software, while preserving the DOJ’s and FinCEN’s ability to pursue illicit actors. Wyden was the Democratic co-sponsor of the standalone BRCA legislation in the Senate alongside @SenLummis.
Tokenization is more than a technology upgrade. It can reshape how the financial system operates. New IMF analysis explains what changes and why policy choices will matter: imf.org/en/blogs/artic…
Stablecoin transaction volume reached a new record in June, with TRON ranking among the top networks globally. As real-world use in payments and cross-border transfers grows, TRON continues to play a major role in stablecoin settlement at scale. Read more from @Cointelegraph 👇 cointelegraph.com/news/stablecoi…
