Traveling the world to find common ground.
Based in United States
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🔒⬅️ Boyz & Girlz - This was beyond comprehension just a few years back.
Great to be back at the White House today alongside @realDonaldTrump, @SECPaulSAtkins, @ChairmanSelig and leaders across the crypto industry.
The big picture has never been clearer: 67 million Americans hold crypto today (that’s nearly 1 in 4!). Crypto isn't a fringe industry. And Washington DC knows the crypto voter is alive and well.
This President's incredible commitment to innovation and leadership around digital assets in the US has been profound. The future is bright.
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The agency rulemaking was going to go on with or without the law in place. 2 solid years of these rules in place will make it almost nearly impossible to unwind.
Then the law comes later to back it up.
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CommonThread retweeted
Federal Reserve Financial Services is on the verge of unlocking a new frontier within the FedNow® Service: cross‑border transaction support. This important milestone is designed to offer FedNow participants powerful new ways to serve internationally active customers: bit.ly/4y61E72
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We’ve talking about these things for almost a decade now. All the things and getting eyes rolls and laughs. Infrastructure was quietly being built and tested - now It’s go time.
🚨JUST IN: Apple hints at adding stablecoin support, potentially allowing CRYPTO payments via Apple Pay.
Apple posted a job listing requiring stablecoin expertise for payment roles, offering up to $280,000.
This follows Samsung’s plans to introduce the same feature to Samsung Wallet.
Together, Apple and Samsung have more than 3.5 BILLION active devices worldwide.
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Respectfully, this makes no sense.
@HawleyMO voted NO on Clarity because small banks in his state loan money to farmers?
There’s zero evidence the Clarity Act would cause deposit flight from small banks… in fact, the yield he fears from crypto companies currently exists… as law… under Genius.
LindellTV
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Might be the dumbest thing I’ve ever heard.
🚨 JOSH HAWLEY EXPLAINS HIS NO VOTE ON THE CLARITY ACT 🚨
Sen. Josh Hawley (R-MO) was one of four Republicans (including @SenThomTillis, who switched his vote at the last minute) to break with the party and sink the crypto bill's advance in the Senate.
His reasoning:
"My concern is all to do with farmers in my state. Ag is our number one industry in Missouri, and farmers are so concerned they won't be able to get loans from small-town banks, because investors will leave those banks chasing the yields available under the bill."
@HawleyMO said Sen. @JerryMoran, who also voted no, has language that could fix it - calling the issue "pretty doable" to resolve.
"We've got to make sure those banks stay in operation, stay competitive, and have enough capital to make loans or our Missouri economy will collapse."
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Today, I voted no on the Clarity Act, legislation meant to regulate cryptocurrency in America.
The ethics provisions in this bill are simply too thin. President Trump, his children, and his Cabinet are making billions of dollars in the crypto space, in part from bilking everyday Americans out of their hard-earned money. I cannot in good conscience vote for any legislation that codifies that behavior from public officials. Not for President Trump or Secretary Lutnick today, nor for any Democrat who may take advantage of it in the future.
On the national security front, there is more to be done to make sure we have the tools in place to stop money laundering and shut down funding avenues for terrorists and nations like North Korea and Iran. This was essential after 9/11 and remains essential to keep Americans safe.
And as of now, our agencies, including the CFTC, lack the necessary oversight and staffing to implement this legislation, and that should be addressed.
There are strong, bipartisan provisions in this bill that could serve as the foundation for a new attempt at providing the crypto industry with the guardrails it needs. I believe that the U.S. should lead the world in cryptocurrency innovation, but we need to get it right. I remain open-minded to that work ahead.
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BREAKING: The CLARITY Act just got blocked in the Senate.
49 senators voted to advance it. It needed 60.
Crypto companies spent hundreds of millions campaigning for this bill to bring clearer rules to the industry.
Now it’s on hold, with Congress about to head out for the midterms…
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Watch the Clarity Act vote live starting at 2:15 PM ET on @CryptoAmerica_ ⬇️
🚨LIVE: Senate Takes Procedural Vote on Clarity Act nitter.net/i/broadcasts/1qJDzWwoV…
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So, the Democrats don't care about ethics after all. They voted against any ethics provisions and are allowing business as usual in D.C.
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🎯🎯🎯
If the DC banking lobby were serious about their deposit flight argument, they would be aggressively whipping Senators, both Republican and Democrat, to get on the bill and then push for changes after. Because if this bill fails, they get none of the protections they claim to desperately need.
They haven’t done that. Draw your own conclusions.
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Where will Kane Wommack be at this time next year?
I'd love it to be Tuscaloosa. But I'm not so sure he'll be a DC in 2027.
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CommonThread retweeted
This bill isn't just a compromise…it's the product of real, substantive trades policymakers made to get here.
I said this many months ago: perfect can't be the enemy of good…
and let's be clear: those trades weren't small. This isn't a deal Senators should be ‘settling for’ — it's a deal that they should stand behind.
Senate: the world is watching and voters are watching. Now is the time to vote yes.
I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
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