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We can’t have another Gensler moment but we also can’t allow an industry created to disrupt predatory practices of the existing traditional financial system absorb crypto and screw retail over again.
I get both sides and it’s very nuanced.
Brad Garlinghouse@bgarlinghouse
Great to join @FIIKSA and @MariaBartiromo this week to discuss the crypto landscape. We’ve seen a shift in the perception of the industry from "rat poison" → "pet rock" → rewiring the financial system. Fast forward to today and some of the biggest companies around the world are asking, “Are we using stablecoins and digital assets?” Ripple strategically focused our deal-making outside the echo chamber to bridge the gap between traditional finance and the crypto ecosystem, and those bets are paying off.
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🚨 NEW BET ALERT 🚨
Jake vs. Scams Round #2
We are running it back again.
$750 XRP EoY.
New rounds of paybacks.
Are you team #Scams or team #Jake ?
Game on 👊🏻
𝕾𝖈𝖆𝖒𝖘 𝖆𝖗𝖊 𝖇𝖆𝖉 (aka. ScamDaddy𐦐)@ScamDetective5
@beyond_broke Bet confirmed. Screenshot for the time chain.
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U.S. SENATOR ALSOBROOKS JUST TOLD A ROOM FULL OF BANKERS THEY MUST COMPROMISE AND PASS #BITCOIN AND CRYPTO MARKET STRUCTURE
“LET’S NOT LET PERFECT BE THE ENEMY OF GOOD”
YOU MIGHT "WALK AWAY UNHAPPY"
IT'S TIME FOR CLARITY 🔥
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Congrats to all XRP holders holders! 
How are you celebrating with your new wealth?
XRP_Cro 🔥 AI / Gaming / DePIN@stedas
Flip the switch, Brad $XRP
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🚨 JUST IN: White House warns crypto industry that blocking Clarity Act could lead to harsher regulations
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Every degen needs an agent
Spoke to some folks from hedge funds to sophisticated traders this week. One interesting synthesis is how everyone can be a quant now. Pull data from creative sources to give u an edge against the markets. From transcripts of Federal Reserve board members to shipping routes. Everyone has the potential to be a Jane Street or Citadel.
And if u can’t, just copy degen.virtuals.io
Virtuals Protocol@virtuals_io
Introducing Virtuals Console. The easiest way to create your own AI agent in seconds. No code. No Mac. No server. No setup. Just open a browser and get started.
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@phat_tom_catdad @TimWarrenTrades @brian_armstrong That’s the issue you hear the most about but definitely not the only issue.
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I’m old enough to remember when everyone preached to get your crypto off exchanges, now Clarity for the entire industry is being held up for being able to keep your crypto on exchanges for the same amount of interest you could get in defi and a money market savings account. Just pass the bill get clarity
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BREAKING:🇺🇸 The Clarity Act is a New Law That Allows Banks to Steals Your Money.
FUCK THE BANKS
$XRP $ADA #Bitcoin
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What if the clarity act goes through but doesn’t move the needle whatsoever in price action? People should plan for that.
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“Block passage of the CLARITY Act to find out!” 😳
Patrick Witt@patrickjwitt
I wonder how a future Democrat administration will handle stablecoin rewards. And developer protections. And DeFi. And the line between digital commodities and securities. Etc. Block passage of the CLARITY Act to find out!
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No bill is temporary. A bad bill is permanent.
Once a framework exists, it doesn’t get undone - it gets expanded.
This isn’t just about stablecoin yields.
DeFi (developers) protections are also being compromised.
Coinbase isn’t “being selfish” - they’re positioning.
Coinbase has literally hired people tied to both sides of the aisle, including top Democratic strategists - because they know what’s coming.
Nonzee@0xNonceSense
CLARITY Act is DEAD. Not the SEC. Not regulators. Not Washington. Coinbase. Institutional money was ready to pour in. The infrastructure was there. The momentum was real. Crypto's biggest blocker right now isn't outside pressure. It's a fight over USDC yield revenue.
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@patrickjwitt @MattWalshInBos Then actually protect DeFi instead of trying to slide “provisions in Title 3 that undermine the BRCA and subject all sorts of non-custodial software developers to KYC obligations”.
x.com/jchervinsky/st…
Jake Chervinsky@jchervinsky
But the draft also has provisions in Title 3 that undermine the BRCA and subject all sorts of non-custodial software developers to KYC obligations anyway. Those sections must be fixed or the bill doesn't work for DeFi. If the bill doesn't work for DeFi, it doesn't work at all.
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I wonder how a future Democrat administration will handle stablecoin rewards. And developer protections. And DeFi. And the line between digital commodities and securities. Etc.
Block passage of the CLARITY Act to find out!
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But the draft also has provisions in Title 3 that undermine the BRCA and subject all sorts of non-custodial software developers to KYC obligations anyway.
Those sections must be fixed or the bill doesn't work for DeFi.
If the bill doesn't work for DeFi, it doesn't work at all.
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@Xfinancebull Not just stablecoin yields.
x.com/jchervinsky/st…
Jake Chervinsky@jchervinsky
But the draft also has provisions in Title 3 that undermine the BRCA and subject all sorts of non-custodial software developers to KYC obligations anyway. Those sections must be fixed or the bill doesn't work for DeFi. If the bill doesn't work for DeFi, it doesn't work at all.
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🚨🚨🚨 Is Coinbase pro-crypto or just protecting its own model?
The CLARITY Act is stuck over stablecoin yield while the broader market waits for clarity.
One feature should not slow down an entire industry.
$XRP holders have waited long enough for real rules.
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@0xNonceSense Wrong.
It doesn’t protect DeFi, therefore it doesn’t protect crypto.
x.com/jchervinsky/st…
Jake Chervinsky@jchervinsky
Stablecoin yield has dominated media coverage of the CLARITY Act. It matters, but it's not the only issue. The biggest challenge is ensuring non-custodial software developers aren't misclassified as money transmitters. That's non-negotiable for DeFi, and it's still unsettled.
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CLARITY Act is DEAD.
Not the SEC. Not regulators. Not Washington.
Coinbase.
Institutional money was ready to pour in. The infrastructure was there. The momentum was real.
Crypto's biggest blocker right now isn't outside pressure.
It's a fight over USDC yield revenue.
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@Mrcryptoxwhale Wrong.
If The Clarity Act doesn’t protect DeFi, it doesn’t protect crypto.
x.com/jchervinsky/st…
Jake Chervinsky@jchervinsky
Stablecoin yield has dominated media coverage of the CLARITY Act. It matters, but it's not the only issue. The biggest challenge is ensuring non-custodial software developers aren't misclassified as money transmitters. That's non-negotiable for DeFi, and it's still unsettled.
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The CLARITY Act has collapsed.
Not because of the SEC. Not regulators. Not Washington.
Coinbase.
Institutional capital was ready to flow in. The infrastructure was in place. The momentum was real.
But the biggest obstacle in crypto right now isn’t external pressure.
It’s an internal battle over USDC yield revenue.
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@Dagnum_PI If the Clarity Act doesn’t protect DeFi, it doesn’t protect crypto.
x.com/jchervinsky/st…
Jake Chervinsky@jchervinsky
Stablecoin yield has dominated media coverage of the CLARITY Act. It matters, but it's not the only issue. The biggest challenge is ensuring non-custodial software developers aren't misclassified as money transmitters. That's non-negotiable for DeFi, and it's still unsettled.
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Senate Banking Chair Tim Scott basically saying the Govt has to bend the knee to Brian Armstrong which is wild. The crypto market structure legislation has bipartisan support... Just tell Coinbase to move to Canada
Cointelegraph@Cointelegraph
🇺🇸 NEW: Senate Banking Chair Tim Scott says crypto market structure legislation has bipartisan support, with industry alignment being the last remaining hurdle. “I spoke last night with Coinbase…everyone is still at the table.”
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@CryptoWendyO If the Clarity Act doesn’t protect DeFi, it doesn’t protect crypto.
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WOW
No protection for Developers
Without Devlopers there is no crypto
This is another attack on American entrepreneurs
Yes, please take Clarity as is
It’s a super good deal.
Jake Chervinsky@jchervinsky
Stablecoin yield has dominated media coverage of the CLARITY Act. It matters, but it's not the only issue. The biggest challenge is ensuring non-custodial software developers aren't misclassified as money transmitters. That's non-negotiable for DeFi, and it's still unsettled.
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