The future won’t wait for you.

@TFTC21

Banking trade groups calling the CLARITY Act's new deposit flight "circuit breaker" insufficient. Eight groups sent a letter to Senate leaders arguing the mechanism only kicks in after substantial deposit flight has already occurred, calling it "not a safeguard at all." They want tighter restrictions on stablecoin rewards to close what they see as loopholes allowing interest-like payments on stablecoin balances.

@TFTC21

American Bankers Association and banking trade groups pressuring Senate leaders on the CLARITY Act, demanding strict limits on stablecoin interest to prevent deposit flight from traditional banks.

@TFTC21

Treasury Secretary Scott Bessent pushing for the CLARITY Act ahead of tomorrow's cloture vote. No mention of the BRCA. "I've said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology." On the new stablecoin circuit breaker, Bessent says he won't hesitate to use Treasury's new authority to protect community banks. "If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected."

@TFTC21

River reports that individuals hold 66.6% of all bitcoin. Institutions hold 16.7%. About 12% is lost forever. Less than 5% hasn't been mined yet.

@TFTC21

China responding to Anthropic CEO Dario Amodei's call to slow down AI development. "The development of AI benefits the wellbeing of all humanity. All parties should jointly promote the open and inclusive development of AI, for good and for all." "Fearmongering, confrontation and vicious competition will only disrupt the process of global AI governance, which serves no one's interest."

@TFTC21

"I think it's the greatest threat facing the world by a big margin." Roger Altman, founder and senior chairman of Evercore, on AI.

@TFTC21

Odds of the Federal Reserve raising interest rates this week have surged to 84%.

@TFTC21

FutureBit simulated a bitcoin miner using a reconstructed fruit fly brain connectome. 2,914 neuron connections running SHA-256. If scaled on real organic neurons, roughly 1 W/TH. That's 10x more efficient than leading 3nm ASICs.

@TFTC21

Senate Republicans dropped their "last, best and final" CLARITY Act text Sunday night ahead of Tuesday's cloture vote. The headlines are about Trump agreeing to ethics restrictions. The real story is what got traded away. The Blockchain Regulatory Certainty Act took a serious hit. The BRCA was the industry's red line. The provision that would settle once and for all that writing non-custodial software, mining blocks, or validating transactions doesn't make you a money transmitter. Previous drafts cited 18 U.S.C. Section 1960 twice, explicitly shielding developers and miners from criminal prosecution under the statute DOJ used against Tornado Cash. The new text cites Section 1960 zero times. What remains is a civil safe harbor. Developers avoid registration requirements and BSA financial institution treatment. But the explicit criminal shield that would have stopped prosecutors from wielding 1960 against people who write code or run nodes was removed. The civil protections are real, and earlier versions already preserved liability for knowingly moving criminal proceeds. But stripping the criminal-code language leaves developers with meaningfully less certainty than previous drafts offered. Galaxy Digital's Alex Thorn flagged it immediately. "All refs to 18 USC 1960 are GONE." In exchange? Permanent ethics bans on officials holding crypto, state AG enforcement, a stablecoin "circuit breaker," and tighter exchange conflict-of-interest rules. These are real, documented concessions. But it's hard to ignore that politicians spent a year negotiating who can hold bags while the provision protecting the people actually building got quietly narrowed. The BRCA was supposed to fix developer ambiguity. This version leaves the question half-answered.

@TFTC21

Senate sponsors released final Clarity Act text that “has really come together with a pretty compelling compromise here,” says Bitcoin Policy Institute Executive Director Conner Brown.

@TFTC21

Senators Lummis, Boozman, and Scott just dropped the final text of the CLARITY Act ahead of Tuesday's cloture vote. The updated 635-page draft includes Trump agreeing to new ethics provisions requiring officials and their spouses to divest crypto holdings or place them in a blind trust. State attorneys general can now enforce ethics rules. Developers get a safe harbor from money transmission laws. A "circuit breaker" lets Treasury Secretary Bessent restrict stablecoin yield if it triggers deposit flight from community banks. Lummis: "President Trump voluntarily agreed to new ethics provisions holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in U.S. history." She added: "A no vote on Tuesday means opposing real ethics reforms on politicians' personal investments, handing American leadership in digital assets to our foreign competitors, and leaving Americans with zero protections." The bill reportedly includes over 120 Democratic demands. It still needs at least 7 Democrats to clear cloture. Tuesday's vote is at 2:15 PM ET.

@TFTC21

Dario Amodei calls slowing down AI "the toughest dilemma," says it's not about commercial competition with China. His solution: stop selling chips to authoritarian countries and tighten security so the tech doesn't get stolen. Says that would "buy us at least a little time." x.com/IPONewsroom_/s…

@TFTC21

Banking trade groups calling the CLARITY Act's new deposit flight "circuit breaker" insufficient. Eight groups sent a letter to Senate leaders arguing the mechanism only kicks in after substantial deposit flight has already occurred, calling it "not a safeguard at all." They want tighter restrictions on stablecoin rewards to close what they see as loopholes allowing interest-like payments on stablecoin balances.

@TFTC21

American Bankers Association and banking trade groups pressuring Senate leaders on the CLARITY Act, demanding strict limits on stablecoin interest to prevent deposit flight from traditional banks.

@TFTC21

Treasury Secretary Scott Bessent pushing for the CLARITY Act ahead of tomorrow's cloture vote. No mention of the BRCA. "I've said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology." On the new stablecoin circuit breaker, Bessent says he won't hesitate to use Treasury's new authority to protect community banks. "If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected."

@TFTC21

River reports that individuals hold 66.6% of all bitcoin. Institutions hold 16.7%. About 12% is lost forever. Less than 5% hasn't been mined yet.

@TFTC21

China responding to Anthropic CEO Dario Amodei's call to slow down AI development. "The development of AI benefits the wellbeing of all humanity. All parties should jointly promote the open and inclusive development of AI, for good and for all." "Fearmongering, confrontation and vicious competition will only disrupt the process of global AI governance, which serves no one's interest."

@TFTC21

"I think it's the greatest threat facing the world by a big margin." Roger Altman, founder and senior chairman of Evercore, on AI.

@TFTC21

Odds of the Federal Reserve raising interest rates this week have surged to 84%.

@TFTC21

FutureBit simulated a bitcoin miner using a reconstructed fruit fly brain connectome. 2,914 neuron connections running SHA-256. If scaled on real organic neurons, roughly 1 W/TH. That's 10x more efficient than leading 3nm ASICs.

@TFTC21

Senate Republicans dropped their "last, best and final" CLARITY Act text Sunday night ahead of Tuesday's cloture vote. The headlines are about Trump agreeing to ethics restrictions. The real story is what got traded away. The Blockchain Regulatory Certainty Act took a serious hit. The BRCA was the industry's red line. The provision that would settle once and for all that writing non-custodial software, mining blocks, or validating transactions doesn't make you a money transmitter. Previous drafts cited 18 U.S.C. Section 1960 twice, explicitly shielding developers and miners from criminal prosecution under the statute DOJ used against Tornado Cash. The new text cites Section 1960 zero times. What remains is a civil safe harbor. Developers avoid registration requirements and BSA financial institution treatment. But the explicit criminal shield that would have stopped prosecutors from wielding 1960 against people who write code or run nodes was removed. The civil protections are real, and earlier versions already preserved liability for knowingly moving criminal proceeds. But stripping the criminal-code language leaves developers with meaningfully less certainty than previous drafts offered. Galaxy Digital's Alex Thorn flagged it immediately. "All refs to 18 USC 1960 are GONE." In exchange? Permanent ethics bans on officials holding crypto, state AG enforcement, a stablecoin "circuit breaker," and tighter exchange conflict-of-interest rules. These are real, documented concessions. But it's hard to ignore that politicians spent a year negotiating who can hold bags while the provision protecting the people actually building got quietly narrowed. The BRCA was supposed to fix developer ambiguity. This version leaves the question half-answered.

@TFTC21

Senate sponsors released final Clarity Act text that “has really come together with a pretty compelling compromise here,” says Bitcoin Policy Institute Executive Director Conner Brown.

@TFTC21

Senators Lummis, Boozman, and Scott just dropped the final text of the CLARITY Act ahead of Tuesday's cloture vote. The updated 635-page draft includes Trump agreeing to new ethics provisions requiring officials and their spouses to divest crypto holdings or place them in a blind trust. State attorneys general can now enforce ethics rules. Developers get a safe harbor from money transmission laws. A "circuit breaker" lets Treasury Secretary Bessent restrict stablecoin yield if it triggers deposit flight from community banks. Lummis: "President Trump voluntarily agreed to new ethics provisions holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in U.S. history." She added: "A no vote on Tuesday means opposing real ethics reforms on politicians' personal investments, handing American leadership in digital assets to our foreign competitors, and leaving Americans with zero protections." The bill reportedly includes over 120 Democratic demands. It still needs at least 7 Democrats to clear cloture. Tuesday's vote is at 2:15 PM ET.

@TFTC21

Dario Amodei calls slowing down AI "the toughest dilemma," says it's not about commercial competition with China. His solution: stop selling chips to authoritarian countries and tighten security so the tech doesn't get stolen. Says that would "buy us at least a little time." x.com/IPONewsroom_/s…