Billionaire Mark Cuban warns that Biden's anti-crypto stance could impact the Presidential election. A major crypto regulation vote is imminent in Congress. UNISWAP LABS CEO cautions Democrats on their anti-crypto agenda. Senate Democrats are divided on the SAB-121 repeal, with potential consequences for Biden's veto threat.
Holy crap! The Senate passed the SEC crypto bill in addition to the House. This now puts @POTUS in an awkward position. He said he'd veto it, but a veto would be incredibly unpopular. 50 million voters hold crypto. And Trump just declared himself the pro-crypto candidate,… https://t.co/3gF114T1W1
NEW: Statement from 🇺🇸 Congressman Wiley Nickel: "I once again call on Chair Gensler to withdraw SAB 121 before President Biden is forced to choose sides on an issue that matters to many Americans." https://t.co/HBxjSU0RbI
While the Senate voted to repeal SAB 121, I interviewed New York DFS Superintendent Adrienne Harris at Fortune's Future of Finance conference. She said not protecting state stablecoin oversight would create "real chaos" and abandon "almost a decade of experience" https://t.co/nkpiVBszt2
Thank you to all the members of the Democratic party that put politics aside and voted to support America’s technological leadership globally. #cryptoisnotpartsian https://t.co/EUlANXR3GI
.@NYDFS Superintendent Adrienne Harris says she’s “very optimistic” about a federal stablecoin deal, but wants to protect state authority. #FortuneFinance | https://t.co/iviPioXNAl https://t.co/ADXBrVLjYC
Incredible bipartisan showing in Congress this week to curb the SEC’s gross overreach in power grab & rule making ⬇️ Now let’s get FIT 21 introduced and passed! (More context on FIT 21 here: https://t.co/WSDlKvY74Y) https://t.co/95MmI6xEAL
Thanks to @SenLummis for her leadership on this issue. Protect #Bitcoin and crypto. Decentralize money. https://t.co/qjrb0FU5h8
Repealing SAB-121 with bipartisan support is a great step forward to curbing the @SECGov's gross administrative overreach in trying regulate crypto custody. My concern is that @POTUS will simply pocket veto the bill in an attempt to avoid political backlash from either side. https://t.co/cMpH6FCKNS
Even if Biden vetos this bill, this is still a huge win for the industry showing that crypto is a bipartisan issue that policymakers should be paying attention to. https://t.co/mDXu2xkejw
1/ Today, 60 Senators on both sides of the aisle - including Majority Leader @SenSchumer - voted to repeal the SEC’s Staff Accounting Bulletin 121 (SAB 121) under the Congressional Review Act.
JUST IN 🚨: The Senate voted 60-38 to approve H.J. Res. 109, rejecting the rule proposed by the Securities and Exchange Commission. Regulated financial firms, here we go! 🚀
Major step forward for the digital asset class with the Senate voting to repeal #SAB121. Excellent bipartisan support. It feels like our government is coming around to the idea that leading in tech and innovation is probably a good thing for our future. https://t.co/DiYIIgcAbI
60 yes votes-- a bipartisan supermajority! And a resounding rebuke of @SECGov overreach and disdain for federal administrative law. The message from Congress is clear: enough is enough. https://t.co/cnafM751QW
Major step forward for the digital asset class. Excellent bipartisan support. It feels like our government is coming around to the idea that yes, leading in technology and innovation is probably a good for the economy and our future. https://t.co/DiYIIgcAbI
For all who would say crypto is not bipartisan, we just rolled up 20+ dems in the house and 10+ dems in the Senate, including the majority leader @SenSchumer and several OG privacy and due process advocates like @RonWyden. This is a American issue, not a partisan one. https://t.co/fkHST0LrDX
JUST IN: A dozen Democrats and 48 Republicans voted in favor of a resolution repealing the SEC's controversial Staff Accounting Bulletin 121 on Thursday. The House voted in favor of the resolution last week. @jesseahamilton @nikhileshde report https://t.co/81bKUliQcI
SAB 121 CRA —first standalone crypto bill ever to pass both chambers of Congress—SAILS through the Senate 60-38. Dems voting for CRA/against WH & SEC: **Schumer** Gillibrand Hickenlooper Peters Tester Sinema Rosen Kelly Casey Booker Lujan Wyden (Biden still expected to veto) https://t.co/maxjgVSXqP
“Crypto is going to win you a lot of swing voters, Mr. President. Just watch.” https://t.co/h4VkBC5ZAL
POTUS Biden (with Elizabeth Warren whispering) hates #crytpo and loves Gensler's #SEC SENATE HAS ENOUGH VOTES TO REPEAL SEC'S SAB 121 GUIDANCE; WHITE HOUSE SAID IT WILL VETO
We owe @SenLummis a parade. Thank you, Senator, for your tireless support! It also takes courage to stand up to your friends. @SenSchumer & @SenGillibrand showed real leadership in standing up to their misguided far left flank. It’s good for crypto and good for the U.S. 60-38. https://t.co/LCaBW6lbih
Today’s vote to #RepealSAB121 sends a clear message: Congress won’t stand by as @SECGov sidesteps the rulemaking process & oversteps its regulatory authority. @GaryGensler must withdraw SAB 121 before @POTUS is forced to choose sides on an issue that matters to many Americans. https://t.co/S1lL1NGgmO
🛡🛡🛡 Repealing SAB 121 Passes Senate! 🛡🛡🛡 @standwithcrypto 👏👏👏 to everyone who voted with the people today, regardless of party affiliation!
🛡🛡🛡 SAB 121 Passes Senate! 🛡🛡🛡 @standwithcrypto 👏👏👏 to everyone who voted with the people today, regardless of party affiliation!
Top New York regulator Adrienne Harris is optimistic about a federal stablecoin deal—but not at the expense of state authority. #FortuneFinance https://t.co/XrpEkw2xoG
We have the votes!! Great bipartisan effort for crypto today. https://t.co/Qxtf1Zn0ci
Trump vows to support #crypto in U.S. as Biden threatens to crack down https://t.co/u4tAQ4UA7C
SAB 121 vote happening now in the Senate WH has threatened a veto, but if enough Democrats vote to overturn SAB 121, will the WH maintain that stance? Opportunity for Democrats in tight races to distinguish themselves on a relatively low-risk vote
HAPPENING NOW: The U.S. Senate is voting on a resolution to overturn controversial @secgov guidance. https://t.co/D79uovJFZ9
US Senator Cynthia Lummis @SenLummis urges the Senate to vote YES on legislation that would allow highly regulated financial firms to custody digital assets for hard working Americans. She also stated "The safest place for digital assets is in a self hosted wallet." Cynthia… https://t.co/67vTBvcGq4
SAB 121 - HJ Res 109 VOTE INCOMING!!!! HUGE!!! @CaitlinLong_ is all over it and so are we. 11:20 EST LIVE US Senators vote on whether @SenWarren is fit to tell anyone what is right or wrong, let alone decide the fate of our economy. https://t.co/OErZchL6W0 @CaitlinLong_ for… https://t.co/9dgTHsZFQu https://t.co/7WvHQtCRjg
Superintendent Harris joined @leomschwartz at Fortune's Future of Finance summit to discuss DFS's role in shaping financial regulation in the center of the world’s financial industry. Here's what she had to say about the future of federal stablecoin legislation. #FortuneFinance https://t.co/tCNRYNpmVt
“We are very eager for there to be federal legislation on cryptocurrency and on stable coins,” @NYDFS Superintendent Adrienne Harris says at #FortuneFinance. “The U.S. really is falling behind and we need strong frameworks in place at the national level.” https://t.co/iviPioXNAl https://t.co/FeJbPB59sK
Pay attention to the Senate's SAB 121 repeal vote today. Repeal passed the House with strong bipartisan support: 21 Democrats voted for it despite President Biden threatening a veto. Let's hope Senate Dems also show independence and vote for smart policy over partisanship 👀👇 https://t.co/NbBB99cFvT
Senate votes to scrap SEC’s controversial crypto custody policy. Here’s why everyone hates SAB 121 https://t.co/V4nMXv1dFd
Today the US Senate votes on Gary Gensler irresponsible rules change SAB-121. Crypto and tradfi agree on this one - vote results to come and commentary on consequences. “The rule was issued without proper consultation with the respective regulatory agencies or Congress and…
Good morning ☀️ from Capitol Hill. Today is the day that the Senate will vote on *and pass* HJ Res 109, the Joint Resolution to repeal SEC SAB 121. Don’t expect the bipartisan momentum to slow down. I’d watch this vote closely 😀 Tune in for debate to start at 10am
Today, the US Senate will vote to nullify #SAB121, and it’s expected to pass with bipartisan support. Our team at @DigitalChamber has been working to repeal SAB 121 since 2022. The bill passed the House last week with significant bipartisan support. @POTUS has said he will… https://t.co/MadS3TLIQa
A House resolution to overturn a controversial SEC rule likely to pass in Senate, sources told CoinDesk. https://t.co/rZXJmTAMkU
The @SECGov made a “political football” of crypto regulation which isn’t helpful to Joe Biden, says @RepWileyNickel. https://t.co/jSGh1E99OW
NEWS: My bipartisan bill with @RepLarryBucshon - the Deploying American Blockchains Act - just passed the House! This means we're one step closer to harnessing innovative blockchain technology to protect consumers, support businesses, and grow our economy. https://t.co/UsBYI0zpKv
Tomorrow, the Senate will vote on my resolution to #RepealSAB121. This bipartisan, bicameral effort will send a message: It’s time for @SECGov to adjust its misguided approach to digital assets and crypto. My op-ed with @USRepMikeFlood in @Blockworks_.⬇️ https://t.co/SJX7aPgiJ4
Big political win for crypto https://t.co/IGUHPHMURj
Regulatory clarity will unleash crypto innovation, and good regulation starts with legislation--that makes jurisdictional boundaries clear and protects consumers. I'm thankful that we are making progress in the U.S., and I'm supportive of #FIT21.
In a Q&A with Sens. Lummis and Gillibrand, Riot CEO @JasonLes_ asked if SAB 121 repeal passing Congress would strengthen momentum behind passing a comprehensive crypto framework. @SenGillibrand: “I do … I think we will definitely get over 50 [on SAB 121 repeal]. And I do… https://t.co/IaqKlYBWfc
Pleased to join #DCBlockchain Summit today. #FIT21 is the legislative solution we need that creates a functional regulatory framework which protects consumers and investors while securing America as a leader for #blockchain innovation. We must pass this legislation. https://t.co/9efd45t1wE
JUST IN: US SENATE PREDICTED TO INVALIDATE SEC'S SAB121 TOMORROW IN RESOLUTION VOTE
An honor to chat with @RepFrenchHill today about preserving U.S leadership in #digitalassets and why next week’s expected passage of the FIT for the 21st Century Act is a watershed moment for digital asset regulation! https://t.co/SUWF5uSFpK
Everybody say it together--BI-PARTISAN! The young guns in the D party are coming out in favor of reasonable regulation of the digital asset economy so that the U.S. can once again be home for game-changing innovation. This is what the Right Side of History looks like. https://t.co/1N3W9gGcRk
We support #FIT21 and every piece of sensible legislation that provides regulatory clarity and protects consumers while preserving innovation in America 🇺🇸 Thank you @PatrickMcHenry for meeting with us and hearing our concerns about previous iterations of the bill –– NFTs are… https://t.co/HbClM4P8jy
I spoke with @taylorjbarr at the @DigitalChamber Blockchain Summit about all things #crypto and my frustration with the @SECGov's regulation by enforcement. It was an honor to receive the Blockchain Policy Champion Award for my work to ensure crypto remains a bipartisan issue. https://t.co/DcS4zatGZr
Just wrapped up a great chat with SEC Commissioner @HesterPeirce at the DC Blockchain Summit hosted by @DigitalChamber https://t.co/CS3NupSB39
Lawmakers optimistic about overturning the SEC's accounting bulletin as Senate prepares for vote https://t.co/LEKVPxNT40
Had a positive discussion at @DigitalChamber's DC Blockchain Summit today alongside @USRepMikeFlood & @WarrenDavidson. We want the future of financial technology to be built in America. #DCBlockchain https://t.co/1Ds6Kj55wf
1/ Today, @RepWileyNickel sent a letter to Chair Gensler, saying the SEC’s “open hostility toward the digital assets industry isn’t serving Pres. Biden’s best interests.” A stark warning from a democratic representative – especially in an election year. https://t.co/hkJ9UdYxTb
NEW: Gillibrand will vote for a GOP push to overturn SEC crypto accounting guidance, we're told. Backers now need just 1 more D (plus all Rs in attendance) to clear the Senate. Vote is expected tomorrow @ 11:30 a.m. With @Jasper_Goodman for @POLITICOPro: https://t.co/WkOR2sNvYL
Digital Chamber Chief Policy Officer @CodyCarboneDC speaks with @RepFrenchHill on why common sense crypto market structure regulation including the FIT for the 21st Century act needs to be considered and passed for the regulatory clarity for the American people. #DCBlockchain https://t.co/O53bz0VGBV
Today, I sent a letter to @SECGov Chair Gary Gensler calling on the agency to withdraw its Staff Accounting Bulletin 121. Unfortunately, the SEC is turning #crypto into a political football & forcing @POTUS to unnecessarily choose sides on an issue that matters to many Americans. https://t.co/F3L8fZSNR0
A House resolution to overturn a controversial SEC rule likely to pass in Senate, sources told CoinDesk. @nikhileshde reports https://t.co/9ChAQav4sv
Witnessing the first crypto-focused presidential election
🚨DONALD TRUMP - “AMERICA’S FIRST CRYPTO PRESIDENT”🚨 - With US Presidential elections looming large in November, @realDonaldTrump has undeniably established himself as the more crypto-savvy of the two candidates. - A fact that was reiterated this morning at a policy summit in… https://t.co/ErI71ZhcIg https://t.co/v9tKaJyUjF
🚨BREAKING: FORMER CFTC CHAIRMAN SAYS DONALD TRUMP IS "AMERICA'S FIRST CRYPTO PRESIDENT"
🚨NEW from me: Former CFTC regulator says Trump became country's 'first crypto president' during first year in office @giancarloMKTS gave remarks during a speech at the @DigitalChamber Blockchain Summit this morning. https://t.co/z08prgctIP
"Former President Donald Trump may justifiably claim to be America's first crypto President" - @giancarloMKTS #DCBlockchain https://t.co/ZaLbSoFxwM
Is @realDonaldTrump pro-crypto now? His evolving stance sparks debate as the U.S. election approaches. https://t.co/u5gS3rim9T
BREAKING: Former #CFTC Chairman at the @DigitalChamber policy conference: “Former President Donald Trump may justifiably claim to be America’s first #crypto President.” https://t.co/DwqWbT8NVY
I spoke with House digital assets subcommittee chair @RepFrenchHill about next week's landmark vote on the House floor, Trump's embrace of blockchain, and the path forward for legislation: https://t.co/FUhClkeSYE
BREAKING: @SenSchumer pushed back the SAB 121 vote to tomorrow. They know they are exposed / likely backchanneling with the White House to convince them to reverse course on the veto threat. If SAB 121 gets repealed @SenGillibrand will be the one to have made it happen. https://t.co/Cpt5amlZQk
As a landmark crypto bill nears a floor vote, the House digital assets chair sees a path forward for legislation. https://t.co/Ni2Euc85ZR
Rarely is a piece of legislation both pro-innovation and pro-consumer protection. This one is both. If you care about crypto and blockchains, make sure your Member of Congress hears from you. Link 👇 https://t.co/ZcWKKXJnw7
Billionaire Shark Tank Investor Mark Cuban issues a stark warning that cryptocurrency could be a deciding issue in this year's Presidential Election 🚨 https://t.co/ZHAYDvaG1l
We'll go 10x harder after Senate Dems (aside from @SenGillibrand) who vote for the SAB-121 repeal tomorrow as a mere stunt. Call your President. SAB 121 is flagrantly corrupt regulatory overreach. If Biden follows through on his veto, no cookies for make believe. Not hard. https://t.co/Cpt5ammxFS
We will go ten times harder after any Senate Dems (aside from @SenGillibrand) who vote for the SAB-121 repeal tomorrow as a mere stunt. Not hard. Call your President. SAB 121 is corrupt regulatory overreach. If Biden follows through on his veto, no cookies for make believe.
We will go ten times harder after any Senate Dems (aside from @SenGillibrand) who vote for the SAB-121 repeal tomorrow as a mere stunt. Not hard. Call your President. SAB 121 is corrupt, regulatory overreach. If Biden follows through on his veto, no cookies for make believe.
JUST IN: @UNISWAP LABS CEO WARNS DEMOCRATS THEIR ANTI CRYPTO AGENDA COULD COST THEM DEARLY IN NOV 2024 ELECTION
🇺🇸 Billionaire Mark Cuban says Biden’s anti-crypto stance could cost him the Presidency. This is the #Bitcoin election 🧐 https://t.co/K01fMm93T7
🇺🇸 Billionaire Mark Cuban says Biden’s anti-crypto stance could cost him the Presidency. https://t.co/ZD8cj9u1xt
The first major piece of crypto regulation is coming to the floor for a vote. All member of congress will be on the record as pro-crypto or anti-crypto. Contact your representative to let them know you're excited to see them vote in favor of innovation. https://t.co/FNRo5Fcl0g