Grateful to @SummerMersinger for her leadership and conviction on digital assets and U.S. innovation. She approached her work with discipline, deep experience (including her tenure at the CFTC), humility, and heart. On a personal note, I'm grateful to call Summer a friend. Thank you for your friendship. You will be missed, but look forward to your next, well-deserved adventure. @crypto_council looks forward to continuing to partner with the @BlockchainAssn. The present and future remain extremely positive for digital assets, here in the U.S. and around the world. There is much to do, and the time is now.

CCI thanks @ChairmanSelig and @CFTC staff for today's updates to the agency's crypto FAQs. The new guidance clarifies when FCMs and DCOs can invest customer funds in tokenized forms of permitted investments. It also confirms that CFTC recordkeeping rules are technology neutral, so registrants can use blockchain technology to meet their recordkeeping obligations. Practical, technology-neutral guidance like this gives market participants the clarity they need for innovation to thrive in the U.S. CCI looks forward to continued engagement with the CFTC to advance regulatory clarity. nitter.net/CFTC/status/2103178460…

Today, our CEO @_Jikim joins at the @philadelphiafed’s 10th Annual Fintech Conference to speak on GENIUS and Clarity with @giancarloMKTS, Christy Goldsmith Romero, and @JaiMassari. More details: web.cvent.com/event/a9063847…

This Tuesday, CCI and our members will convene at the annual @Coindesk Policy and Regulation Summit in Washington, DC. Discount code below for any last minute tickets. See you on site!

The WSJ wants a blame game. It got the story wrong, again. @coinbase and @brian_armstrong have consistently fought for CLARITY and for smart policy that benefits our industry and country. Let's look at the actual facts. On CLARITY, Coinbase advocated fiercely for our country to finally have what has been missing: comprehensive market structure. On rewards, the Ag title, the Banking title, and the entire bill, they prioritized what would best serve our industry, consumer protection, and most importantly, our country. And on rewards, Coinbase, and our industry, made real concessions, and many of them, to give this critical legislation a shot at moving forward. I was in those rooms and meetings. The compromise was real, and Coinbase helped us get there. I've worked with Coinbase on CLARITY, and the WSJ's reporting could not be further from the truth. Time and again, I saw Coinbase make substantive recommendations, negotiate in good faith, work with the industry, serve as a resource to members of Congress, and yes, make concessions to move this process forward. Coinbase and Brian's advocacy did not happen overnight. When the prior SEC made regulation by enforcement its playbook against our industry, Coinbase fought back. They petitioned the SEC for real rules. When they were stonewalled, they took it to the Third Circuit, which called the agency's reasoning "conclusory." They saw the SEC's enforcement case against them dismissed with prejudice. They sued under FOIA to expose the debanking campaign. To suggest that Coinbase has not put our industry first, or is somehow to blame for the failed vote, is egregiously inaccurate. Yes, CLARITY's failed vote was deeply disappointing, but our industry is more united today than ever. A piece like this is built to manufacture division right when we're locked arm in arm and focused on next steps, including supporting the regulatory agencies that are moving quickly to provide the clarity we need. It won't work. Coinbase has led from the front for our industry, so has Brian. These are the facts. wsj.com/finance/currencies/c…

Next week, CCI joins @patrickjwitt, @RepFrenchHill, @RepRitchie, @SECGov’s Taylor Lindman and more at the @Coindesk Policy and Regulation Summit.