THE BIGGEST CRYPTO POWER PLAY JUST HIT THE SENATE 🚨🏛️🇺🇸
Senator Cynthia Lummis just released the final Clarity Act text ahead of Tuesday’s 60-vote Senate vote. 📜⚡
Wall Street giants like BlackRock and Fidelity pushed Senate leaders to establish a permanent federal rulebook before elections close. 💼🏛️
Key compromises broke the deadlock:
🔶 Trump Ethics Deal: Donald Trump agreed to strict ethics bans on personal crypto trading for federal officials, enforced by State Attorneys General. 🏛️🚫
🔷 Developer Shield: Shielded coders from money transmitter licensing, leading police groups to drop opposition. 💻🛡️
🔸 Bank Circuit Breaker: Gave Treasury emergency power to freeze stablecoin runs, protecting regional banks. 🏦🚨
🔹 Retail Protection: Barred crypto exchanges from secretly teaming up to trade against retail customers. 📊🛑
Republicans need 7 Democrats to break the 60-vote filibuster on Tuesday after accepting 126 Democratic demands. 🤝🗳️
Will 7 Democrats vote yes on Tuesday? 👇
#CryptoRegulation #ClarityAct #Bitcoin #DeFi #USSenate
Senator Cynthia Lummis just released the final Clarity Act text ahead of Tuesday’s 60-vote Senate vote. 📜⚡
Wall Street giants like BlackRock and Fidelity pushed Senate leaders to establish a permanent federal rulebook before elections close. 💼🏛️
Key compromises broke the deadlock:
🔶 Trump Ethics Deal: Donald Trump agreed to strict ethics bans on personal crypto trading for federal officials, enforced by State Attorneys General. 🏛️🚫
🔷 Developer Shield: Shielded coders from money transmitter licensing, leading police groups to drop opposition. 💻🛡️
🔸 Bank Circuit Breaker: Gave Treasury emergency power to freeze stablecoin runs, protecting regional banks. 🏦🚨
🔹 Retail Protection: Barred crypto exchanges from secretly teaming up to trade against retail customers. 📊🛑
Republicans need 7 Democrats to break the 60-vote filibuster on Tuesday after accepting 126 Democratic demands. 🤝🗳️
Will 7 Democrats vote yes on Tuesday? 👇
#CryptoRegulation #ClarityAct #Bitcoin #DeFi #USSenate
