DoTheySupportIt

BREAKING: Water is wet. Of course the woman who wanted to recruit an “anti-crypto army” is unwilling to acknowledge the many positive things digital assets have done for affordability and everyday Americans, so allow me to name a few: -Payroll processing takes 5 days on average today, as you can see below. Stablecoins permit employers to pay their employees nearly instantly. For most Americans living paycheck-to-paycheck, getting paid 5 days earlier is a big deal. -Warren’s beloved big banks charge nearly 15% to send $200 overseas, and the money takes days or weeks to arrive. Digital assets spare its customers many of the unnecessary fees and can move the funds nearly instantly, any day of the week. For someone who claims to champion affordability and hates junk fees, she sure loves protecting them. Ultimately, digital assets have made a clear case, but she just keeps voting against them and the rules of the road she claims she wants, because she actually wants to kill crypto. Builders should plan accordingly.

Congratulations to @GOPMajorityWhip Tom Emmer on being reelected House Republican Whip. Tom has been one of the strongest advocates for digital assets in Congress, and he has led the fight against a government-controlled CBDC and stood up for American innovators. Grateful for his partnership.

Democrats wanted to stop crypto issuers from signing away their obligations in fine print just to dodge securities laws. The Clarity Act shuts that down. Democrats voted to leave the fine-print loopholes wide open.

Democrats wanted crypto projects barred from going dark until investors have all the material information. The Clarity Act locks it in. Democrats voted against keeping investors informed.

Democrats asked for new rules targeting crypto market manipulation, something the House bill never had. The Clarity Act adds them. Democrats voted against stopping pump-and-dump schemes.

Democrats asked that bad actors banned from other securities offerings also be banned from crypto offerings. We made that change and incorporated it into the Clarity Act. Democrats voted against keeping repeat offenders out of crypto.

Democrats wanted every retail crypto trade routed through a registered broker or dealer so everyday investors always have a regulated middleman. The Clarity Act requires it. Democrats voted against putting a regulated professional between Main Street and the market.

Democrats wanted real examinations to make sure crypto firms follow anti-money laundering laws. The Clarity Act delivers them. Democrats voted against cracking down on crypto money laundering.

IN CASE YOU MISSED IT:   The CryptoSlate article below, titled “Crypto scammers used SEC’s website to lure investors into alleged $130 million fraud,” speaks for itself.   You can access the article by clicking the link here: cryptoslate.com/crypto-scamm…

Customers of a crypto exchange that lost billions last week are being told to trust a promise they’ll be made whole. Under the Clarity Act, customer assets would sit with a qualified custodian, legally walled off from company money. Protection shouldn’t depend on a pledge.

Thieves stole $6.3 billion in crypto this week and moved it across blockchains in minutes. The Clarity Act created a pilot program for crypto firms and federal law enforcement to share intelligence directly. When the industry and law enforcement move together, stolen money stops moving.

Yesterday, hackers stole more than $6 billion from Binance in less than 4 hours, the biggest heist in history. The Clarity Act would have given crypto firms legal cover to freeze suspicious transactions the instant law enforcement calls. Every minute lost is money gone for good.

Nice try, but what you’re citing is a savings clause. It keeps existing finance and sanctions law in force but it doesn’t erase the rest of the section. What you fail to understand about the Clarity Act is that it would classify Binance as a covered person because it is a digital asset service provider. No law stops every bad actor, but the Clarity Act would have given the people fighting them better tools and the ability to act faster. Your party voted no, and you have to own that. Thanks for playing, Amanda Fischer!

Democrats asked for $150 million so the CFTC could police crypto markets. The Clarity Act authorizes it. Democrats voted against funding the cops who catch crypto fraudsters.

Democrats wanted crypto brokers to be required to get customers the best available prices on every trade. The Clarity Act requires it. Democrats voted against making sure Americans get a fair price.

Babydog and I are cheering on everyone gathering for @chainlink’s Link:NYC on October 29th! 🇺🇸 America should lead the world in digital assets, and I’m committed to making sure that innovation brings jobs and opportunity to West Virginia and across our great country.

Democrats demanded that the SEC have the power to deny, suspend, or revoke a crypto project’s certification for material misstatements or omissions. The Clarity Act gives the SEC that power. Democrats still voted no.

IN CASE YOU MISSED IT: The Jerusalem Post article below, titled “Netanyahu's crypto plan could cause 'irreversible damage' to Israeli economy, business leaders warn,” speaks for itself. You can access the article by clicking the link here: jpost.com/business-and-innov…

Democrats asked to cut the annual Regulation Crypto fundraising cap from $75 million to $50 million and add a $200 million lifetime limit. We agreed to both and included them in the Clarity Act. Democrats voted against the rules they wrote to protect retail investors.

Democrats suggested that anyone convicted of a felony involving insider trading, money laundering, terrorist financing, or financial fraud in the last ten years be barred from raising money under Regulation Crypto, and we agreed. The Clarity Act bars them. Democrats voted against keeping convicted criminals away from your savings.