Diana
8.7K posts

Diana
@InvestWthD
Crypto Enthusiast | XRP Advocate | Breaking the Latest Crypto News | Insights on #Blockchain & #CryptoTech ๐ | No financial Advice ๐ ๐ปโโ๏ธ





๐จRUMORS: Tomorrowโs Senate Crypto Market Structure Markup Could Get PULLED โ After Coinbase Asked To Postpone It ๐บ๐ธโ ๏ธ This is not confirmed yetโฆ but itโs big enough that Crypto policy insiders are already talking. ๐




While long-overdue, this move by @SenatorTimScott and @BankingGOP on market structure is a massive step forward in providing workable frameworks for crypto, while continuing to protect consumers. Ripple (and I) know firsthand that clarity beats chaos, and this billโs success is cryptoโs success. We are at the table and will continue to move forward with fair debate. I remain optimistic that issues can be resolved through the mark-up process.


๐จBREAKING: Coinbase CEO just SLAMMED the Senateโs Crypto Market Structure Bill โ โNo bill is better than a bad bill.โ ๐บ๐ธโ ๏ธ Right before the Senateโs big crypto markup, @Coinbase CEO Brian Armstrong (@brian_armstrong) just pulled his support for the current draft. โThis version would be materially worse than the status quo.โ ๐ณ Hereโs what he says is inside the bill ๐ ๐ซ A de-facto ban on tokenized equities ๐ DeFi restrictions + more government access to financial data โ๏ธ Weakening the CFTC (and shifting power toward the SEC) ๐ต Changes that would kill stablecoin rewards โ helping banks block competition And with the Senate vote/markup coming up, this could change EVERYTHING about what gets passed. ๐


After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately canโt support the bill as written. There are too many issues, including: - A defacto ban on tokenized equities - DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy - Erosion of the CFTCโs authority, stifling innovation and making it subservient to the SEC - Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. Weโd rather have no bill than a bad bill. Hopefully we can all get to a better draft. We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.



๐บ๐ธ LATEST: President Trump to address global leaders at the World Economic Forum in Davos on Wednesday.


๐จUPDATE: U.S Senate Announced New Crypto Market Structure Legislation Markup Day โ Jan 27 ๐บ๐ธ We officially have a new date for the upcoming crypto market legislation markup that will take place in U.S. Senate. ๐ BULLISH ๐ค $XRP






๐จ๐๐๐๐๐๐: ๐.๐. ๐๐๐ง๐๐ญ๐ ๐๐ ๐๐จ๐ฆ๐ฆ๐ข๐ญ๐ญ๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐ข๐ฅ๐ฅ โ ๐๐๐ซ๐ค๐ฎ๐ฉ ๐๐จ๐ฏ๐๐ ๐๐จ ๐๐ก๐ ๐๐๐๐ ๐๐๐๐ค ๐๐ ๐๐๐ง ๐บ๐ธโณ Not canceled, just delayed. โ The U.S. Senate Agriculture Committee has pushed its crypto market structure bill markup to the last week of January, saying they need more time to lock in bipartisan support. ๐ค Chairman John Boozman โ โTo finalize the remaining details and ensure broad supportโฆ additional time is needed before moving to markup.โ ๐




๐จBREAKING: U.S. Senate Banking Committee Schedules Crypto โMarket Clarity Actโ Markup for Jan 15 ๐บ๐ธ The U.S. Senate Banking Committee is officially moving forward with the Digital Asset Market Clarity Act (H.R. 3633) โ with a markup scheduled for January 15. ๐๏ธ This is the step needed to be passed for $XRP to explode. ๐๐









