Pete
3.7K posts
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.
A grand jury indicted a Florida doctor on a charge of second-degree manslaughter for allegedly removing a patient's liver instead of his spleen during a 2024 surgery. abcnews.link/bbmMxh8
$200 billion would pay for free college for every American, $10 day childcare, 1000 new trade schools, the 40% federal share of special needs education and a lot more. What are we even doing here? MAGA is now Iran first?
The CLARITY Act will be a huge milestone for crypto and a huge achievement for @realDonaldTrump. I was championing a similar bill to get crypto out of Gensler's hands when Gensler helped Biden's DOJ put me behind bars. financialservices.house.gov/news/documents…
