Where crypto meets policy. (Not professional investment advice. Seek advice.) Founded by Thomas Hodge.
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Playing the blame game isn't what a leader does. Favoring one cryptocurrency over others isn't what a leader does.
It's a shame this is how @SenLummis will be remembered.
Pro-Bitcoin advocate @SenLummis has posted every day since Clarity failed at the Cloture vote stage.
Same format: "Democrats wanted X. It's in the bill. Democrats voted no." Eight posts. Insider trading, fraud authority, delisting, audits, disclosures, BSA, ATMs.
But notice what's NOT on the list. I'll have more to say in an upcoming Forbes piece, but here's the TL;dR for now. 🧵 1/5
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🚨NEW: A few notable developments in crypto today:
📌 @Ondo partnered with @BlackRock to launch three onchain investment portfolios using strategies developed by the asset manager. For now, they’re available only to eligible investors outside the U.S.
📌 @ARKInvest is tokenizing its venture fund on Ethereum with @Securitize.
📌 The @FederalReserve proposed two new stablecoin rules under the GENIUS Act. One sets out reserve, capital, custody and risk management requirements for issuers it supervises. The other lays out how banks it oversees can apply to issue stablecoins.
📌 @CFTC staff clarified that registered derivatives firms can hold certain customer investments as tokens and use blockchain records to meet federal recordkeeping rules.
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The Clarity Act is effectively dead for 2026 and industry leaders are already turning to what's next.
Congress didn't deliver the statute, but the SEC and CFTC have the authority to fill the gap. Their March joint interpretation shows the path is open and they're ready to work for American consumers.
1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the US’s position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind.
2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy.
3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process.
4/ Ripple's business has never been stronger — real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.
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The Senate blocked the Clarity Act 49–50, making the bill effectively dead for 2026.
The most pro-crypto political environment in recent U.S. history couldn’t deliver the clear rules the industry spent years seeking.
Meanwhile, the EU, Japan, Singapore, UAE, Hong Kong, and Ghana keep writing their rules.
Congress had the chance to write ours. On Tuesday, it declined.
Read more.
forbes.com/sites/tonyaevans/…
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The Senate voted to block the Clarity Act from advancing, leaving the bill stalled after months of negotiations aimed at building bipartisan support.
The motion to proceed got 49 votes in favor and 50 opposed, falling 10 short of the 60 required to break the filibuster.
Read more.
decrypt.co/378283/clarity-ac…
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On Sept. 15, the Senate votes on whether America leads the digital asset economy, or hands it to our competitors.
The Clarity Act ends the uncertainty holding back the industry.
Will Congress have the discipline to vote "yes" on cloture and deliver clear rules for consumers, entrepreneurs, and law enforcement?
Read more.
washingtontimes.com/news/202…
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67 million Americans. 67 million different stories.
Business owners, parents, artists, construction workers and more across the country, using digital assets for different reasons and in different ways.
As Congress considers the Clarity Act, they should hear from the real people using crypto - and what this vote means for them.
Learn more: nca.org/CryptosUntoldStory
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The Clarity Act's future hinges on the Senate cloture vote.
Here's what it means and why Sept 15 matters. 👇
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Rejecting the CLARITY Act doesn’t preserve the status quo; it makes things worse.
Without this legislation, Congress is on track to hand agencies more power over digital assets and forfeit what may be the last real chance at legislative clarity.
Congress’ inaction on the CLARITY Act is a choice. And everyone will feel the effects of that choice.
Read more.
forbes.com/sites/tonyaevans/…
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Crypto & Policy retweeted
🧵I'm gonna try to make sense of what is happening with the Senate and Clarity Act as of this PM. The bill is *not dead yet* and a vote before recess remains possible.
1) Thune hasn't filed cloture. Without that, no vote. The Senate is supposed to leave tomorrow, Aug 7. But...
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What Clarity is 👉 clear rules of the road for digital assets.
With two working days left, the Clarity Act remains stalled in the Senate.
It appears that the @WSJopinion Editorial Board didn't fact check their article about CLARITY, so we did it for them:
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You can spend digital dollars - backed by real dollars - with a normal debit or credit card. Ripple + Mastercard is one version. Western Union + Visa (on Solana) is another.
It's real. It's live. Anyone can use it. Congress still hasn't passed the Clarity Act, so the rules protecting consumers are missing.
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🚨Thinking this is over is a mistake. Clarity is essential for consumers, industry, and U.S. innovation. Tell your Senator to pass it before it's too late.
Connect to Congress: crypto-law.us/connect-to-con…
“We have a bunch of stuff that we have to finish, and we’ll just stay here until we finish it,” Thune says
On Thune’s list:
CR
Nominations package (74)
Russia sanctions
Crypto market structure (procedural vote)
Blanche
Says NIL talks “trending in the right direction”
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🚨NEW: The White House has not yet responded to the ethics counterproposal sent by Senators @SenThomTillis and @SenRubenGallego last Thursday, according to a source familiar with the matter.
A deal on the Clarity Act’s biggest outstanding issue has yet to materialize heading into the week of a potential vote.
🚨🗞️NEW: President Trump Weighs Bipartisan Ethics Proposal as Clarity Hangs in the Balance
This weekend will be a high-stakes waiting game for Clarity Act supporters as the White House considers an ethics counteroffer involving state attorneys general.
cryptoinamerica.com/p/presid…
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Crypto & Policy retweeted
1/ This is the final week the Senate is in session before the August recess. I know the process to move Clarity forward has been frustrating, but we have seen progress.
A Motion to Proceed is still possible, with a cloture vote by the end of this week.
Here's the latest:
🧵
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🚨Our sources tell us a Clarity compromise is closer than people think. But as August recess nears, we must be louder than the anti-crypto army.
Tell your Senator to pass the Clarity Act:
1) Tag your Senator in your posts and tag @CryptoLawUS so we can keep track of those being the loudest.
2) Call your Senator at (202) 224-3121
3) Connect to Congress: crypto-law.us/connect-to-con…
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UPDATE: Senators Tillis and Gallego have finalized a new bipartisan ethics compromise for the CLARITY Act per sources, though details haven't emerged and White House approval is still needed.
The window is closing: seven days until Senate recess, and 60 votes still unconfirmed.
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Crypto & Policy retweeted
1/ We're calling on Senate leadership: schedule a floor vote on the Clarity Act ahead of August recess. American builders, institutions, and consumers are waiting for the certainty that only passage can deliver.
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Sen. Thom Tillis (R-N.C.) wants a Clarity Act procedural vote next week
He's hoping to convince Dems "to show good faith after all this bipartisan negotiation by getting on the bill"
"If we don’t get this ethics baseline done, I’m not going to vote on the back end," he said
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