Mazin77T🇵🇸

🚨CLARITY text released. CCI recognizes the significant amount of work put in by the Senate Banking Committee to get us to this point. This is a key step towards Thursday’s markup, where the SBC will debate and vote on advancing CLARITY to the Senate floor. The time is now. banking.senate.gov/imo/media/doc/…

There is no loophole here. GENIUS was clear that any prohibition on rewards only extends to stablecoin issuers. Despite the existence of stablecoin rewards in the marketplace today, there has been no clear evidence of deposit flight or significant impact to bank lending (see, e.g., the WH CEA Report, FDIC Risk Report, etc.). We can agree to disagree on the rewards issue, but we should all agree that CLARITY will best position the U.S. for leadership in digital assets. The bill creates a framework that enables banks, crypto firms, and other financial institutions alike to responsibly engage in digital asset activities while protecting Americans, something we should all want for our country. In furtherance of this objective, bipartisan compromise language by Senators Tillis and Alsobrooks address purported concerns head on by barring any arrangement that is economically or functionally equivalent to the payment of interest on a bank deposit, extending the yield prohibition to third parties and affiliates, capturing “direct or indirect” payments, inserting anti-evasion language and strict penalties for violations or evasions, bolstering marketing restrictions, and studying alleged yield impacts on deposit flight. This language goes significantly beyond what is in GENIUS. Many, many concessions were made by the crypto industry in service of the ultimate objective: ensuring that the U.S. enacts comprehensive market structure legislation. This has to be our singular objective, or our country will cede market share and leadership to other jurisdictions. We need CLARITY, full stop.

🇺🇸 JUST IN: The US Senate Banking Committee has released a 309-page draft of the CLARITY Act, with members having until tomorrow to file amendments ahead of Thursday's markup.

Our build night was a huge success! Thank you to all the technical teams for showing up and launching on OM1. Winners received exclusive OpenMind backpacks and showcased their amazing demos including: - Robot that mirrors human motion in real time - New robot form-factor abstracted and automated in just 30 minutes - Autonomous drones controlled in simulation by natural language It will only get easier to build applications from here.

🇺🇸 JUST IN: Cynthia Lummis said the CLARITY Act includes protections for software developers while giving law enforcement stronger tools for digital asset enforcement.

On behalf of more than 2.9 million U.S. advocates, @StandWithCrypto is notifying Senators that it will score the Senate Banking Committee’s May 14th markup vote on the CLARITY Act. SWC strongly urges Senators to vote “Yes” to advance the bill out of committee. Please note that lawmaker scores will be updated based on these recorded votes. For years, SWC advocates have championed market structure legislation, contacting lawmakers nearly 1.5 million times. Because market structure directly impacts their economic security and daily lives, these constituents are counting on their Senators to stand with them. SWC appreciates the thoughtful, bipartisan effort invested in this legislation.

@lym200 لا حول ولا قوة الإ بالله

No words Imagine if she was your mother.

Gm gm frens Big day TODAY The Senate Banking Committee released the draft crypto Clarity Act bill US is slowly moving from fighting crypto to finally building rules around it This could end up being one of the biggest turning points for the industry if it passes Fingers crossed on this one , this could be super bullish for RWAs Clarity is coming soooooon LFG

I was in the meetings @PatrickJWitt organized where our industry negotiated in good faith to reach a compromise. At this point, it’s fair to ask whether those negotiations were ever being approached in good faith on the other side. This debate has already been opened, debated, and settled. It’s time to move forward and make America the crypto capital of the world.

Chairman @SenatorTimScott, @SenLummis, and @SenThomTillis released market structure text ahead of this week’s markup.   The Senate’s CLARITY Act delivers clear rules of the road, protects investors, combats illicit finance, and keeps innovation in America. banking.senate.gov/newsroom/major…

JUST IN: 🇺🇸 US Senate Banking Committee releases crypto Clarity Act draft bill.

تعذيب صيني بحق فتاة أويغورية في تركستان الشرقية ... أين العالم الحـر ؟

Pi ELF lives somewhere. We call it Elf Continent. You will see it for yourself when Beta opens.💚

A mother looking at her entire family, all of whom were martyred. All I want is for you to understand the depth of what she was feeling in that moment, as she sat there silently, staring at them wrapped in shrouds before her.

News in PBN texts: Judiciary Committee Chair Chuck Grassley and Sen. Cynthia Lummis have a deal to address law enforcement concerns in a landmark crypto bill, per two sources familiar. The deal allows prosecutors to bring AML charges against demonstrably culpable crypto actors

Unsurprising, but: The Coinbase-backed Stand with Crypto has notified Senate offices today that it will be scoring the crypto Banking markup vote scheduled for Thursday AM Here’s the note:

Coinbase CEO crashing Senate lunch on Wednesday, one day before Banking markup is scheduled for, my colleagues report:

News: Coinbase CEO Brian Armstrong is scheduled to speak at the Senate GOP Steering lunch on Wednesday, per multiple sources familiar with the plan. Comes as Senate Banking is slated to mark up crypto market structure bill Thursday. Armstrong has played a key role in shaping it

Full Senate now voting for the first time on Kevin Warsh’s nomination — procedural vote for now