The Eleventh-Hour Push for CLARITY

We’re handing the reins over today to our senior blockchain analyst, Ben Lilly, with a CLARITY update.

• The CLARITY Act, a crucial piece of legislation for the digital asset market framework, is facing an eleventh-hour push for passage in the Senate before the August 7 recess.
• Key sticking points include ethics language and securing a floor vote, with significant lobbying efforts from both digital asset companies and major financial institutions like BlackRock and Fidelity.
• The SEC has indicated it has a 'Plan B' for crypto regulation if the CLARITY Act fails, but a codified law is preferred for permanence, while ongoing negotiations around agency appointments and enforcement mechanisms are critical for final approval.

Topics: Legal regulatory, Political endorsements opposition, Institutional adoption, Securities law classification, Legislative debates, Asset manager initiatives

Tags: #clarityact #cryptobill #sec #cftc #regulation #tokenization #wallstreet #senatevote #ethicslanguage #projectcrypto

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Ripple deploys CLARITY truck as Senate delay clouds crypto bill

Ripple has stepped up its public campaign for the CLARITY Act as the legislation faces a narrower path through Congress following a Senate recess and competing legislative priorities in Washington. According to Ripple, the company has deployed a mobile advertising…

• Ripple has launched a public campaign with a mobile truck in Washington D.C. to advocate for the CLARITY Act, a crypto market structure bill.
• The bill faces a tighter legislative timeline due to Senate recess and competing priorities, despite the DOJ stating it would not weaken law enforcement's authority.
• The campaign aims to maintain momentum for the CLARITY Act, which Ripple believes will protect consumers, foster innovation, and enhance U.S. competitiveness in digital assets.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Cross jurisdictional policy, Legislative debates, Pro innovation government policy

Tags: #ripple #clarityact #cryptobill #uscongress #digitalassets #regulation #senate #doj #publiccampaign

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Ripple CEO Takes Aim at JPMorgan's Jamie Dimon Over Clarity Act Crypto Bill Criticism

Ripple's Brad Garlinghouse spoke out against JPMorgan CEO Jamie Dimon and his comments on the key piece of crypto legislation.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Banking depository pilots

Tags: #clarityact #ripple #jpmorgan #jamiedimon #bradgarlinghouse #stablecoinyields #regulation #cryptobill #coinbase #categorized

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