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CryptosRus
CryptosRus@CryptosR_Us·
CONGRESSMAN STEIL: BANK CONCERNS ARE BEING OVERPLAYED Rep. Bryan Steil responded to Jamie Dimon’s warning that crypto firms should be regulated like banks, saying concerns from the banking sector are being overplayed. He noted the House has already passed stablecoin legislation and is now pushing to move forward on broader crypto market structure through the CLARITY Act. Steil argued the opportunity around stablecoins goes beyond the crypto industry itself. He said dollar-backed stablecoins could help “dollarize the global South,” strengthening U.S. dollar dominance and reserve currency status. His message to Washington was clear: The U.S. should allow innovation in crypto while setting clear rules -- and “we can’t hold up clarity any longer.”
CryptosRus@CryptosR_Us

FORTUNE: THE CLARITY ACT COULD STILL PASS THIS SUMMER According to Fortune, crypto industry leader Kristin Smith says the CLARITY Act still has a realistic path forward -- potentially as soon as July. The bill has faced turbulence in Washington, especially as banks push back against parts of the framework and stablecoin debates intensify. But Smith says that kind of friction is normal for a major market-structure bill. The key factor now is political momentum. The legislation already passed the House with bipartisan support, and backing from the White House could help move it through the Senate. If passed, the CLARITY Act would finally establish a clear regulatory framework for digital assets in the U.S., including defining whether the SEC or CFTC oversees different parts of the crypto market. After years of uncertainty, Washington may finally be close to writing the rulebook for crypto.

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TokenBuffer 📡
TokenBuffer 📡@tokenbuffer·
@CryptosR_Us Steil gets it. Stablecoins are the ultimate export for USD dominance. ct loves to hate regs, but clarity is the only way we get real liquidity. been tracking some massive stablecoin whale moves lately
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