SpaceGoat
800 posts
@TheSpaceGoated
Exploring the Crypto Cosmos | Grazing for Alpha I Goated
Digital asset market structure legislation will make America the crypto capital of the world. Chairman @SenatorTimScott believes that faster, cheaper transactions help Americans keep more of their money and strengthen U.S. leadership in financial innovation.
The final rewards text in the CLARITY Act is now public. We’ve been clear throughout this process: much of this debate was based on imagined risks, not real evidence, nor was it based on a real understanding of how crypto actually works. Nevertheless, the crypto industry showed up to engage. Through months of meetings, the @WhiteHouse, @USTreasury, @BankingGOP, @SenThomTillis and @Sen_Alsobrooks finally arrived at a compromise. In the end, the banks were able to get more restrictions on rewards, but we protected what matters – the ability for Americans to earn rewards, based on real usage of crypto platforms and networks. We also ensured the US can be at the forefront of the financial system – which in this competitive geopolitical era is paramount. That’s important for innovation, consumers and America's national security. Now that this issue is behind us, it’s time to focus on the broader bill. While this debate has been underway, lots of progress has been made on other areas like token classification, defi, and tokenization. We’re excited to review the full, final text, and for the bill to move forward. It’s time to get CLARITY done.
28,000+ Americans signed a petition this week asking for CLARITY, so we hand-delivered it to make sure their voices were heard. It's time to mark up the CLARITY Act and deliver for the millions of Americans who are relying on their lawmakers to stand with them.
