Less Regulations Coming!

[bbc.reporter]

@zasad@. What is your speculation and impression on this statement by former governor Cuomo? I reckon that this very much appears that the supporters of the Clarity act are becoming much more desperate because they might be feeling that this will not pass.

However, the stock of Circle is beginning to pump. Are these the insiders beginning to buy before the good news on September?



Former New York Gov. Andrew Cuomo urged Congress to pass the Clarity Act, saying the U.S. is already falling behind other countries in setting rules for crypto.

“It can pass because it has to pass because we’re already way behind,” Cuomo said Tuesday at the SALT conference in Jackson Hole, Wyoming.

The Clarity Act would set federal rules for the crypto market and spell out which regulators oversee different types of digital assets. Those rules could help crypto exchanges, token issuers and traditional financial firms determine which laws apply to their products.

Read in full https://www.coindesk.com/policy/2026/08/18/it-has-to-pass-andrew-cuomo-warns-u-s-is-falling-behind-on-crypto-rules

[zasad@]

@zasad@. What is your speculation and impression on this statement by former governor Cuomo? I reckon that this very much appears that the supporters of the Clarity act are becoming much more desperate because they might be feeling that this will not pass.

However, the stock of Circle is beginning to pump. Are these the insiders beginning to buy before the good news on September?



Former New York Gov. Andrew Cuomo urged Congress to pass the Clarity Act, saying the U.S. is already falling behind other countries in setting rules for crypto.

“It can pass because it has to pass because we’re already way behind,” Cuomo said Tuesday at the SALT conference in Jackson Hole, Wyoming.

The Clarity Act would set federal rules for the crypto market and spell out which regulators oversee different types of digital assets. Those rules could help crypto exchanges, token issuers and traditional financial firms determine which laws apply to their products.

Read in full https://www.coindesk.com/policy/2026/08/18/it-has-to-pass-andrew-cuomo-warns-u-s-is-falling-behind-on-crypto-rules

I'm not really interested in what any politician says. The CLARITY Act has its supporters and its opponents. We'll see how the next procedural vote in the Senate on September 15th turns out. I don't think it will be the last event before the vote, but Trump has a better chance of passing the bill this year.

[bbc.reporter]

@zasad@. I am wishfully hoping that the Donald's speech is real and that his men are working very hard to have the Clarity act's passage! We will certainly need this before 2028 to prevent a Gensler 2.0 occurrence in case if the winner of the next presidential election in America is an anticrypto Democrat heheeheh!

[zasad@]

@zasad@. I am wishfully hoping that the Donald's speech is real and that his men are working very hard to have the Clarity act's passage! We will certainly need this before 2028 to prevent a Gensler 2.0 occurrence in case if the winner of the next presidential election in America is an anticrypto Democrat heheeheh!

The US was experiencing a Wild West in cryptocurrency, and Gensler did the right thing by shaved off the biggest players.
Smaller players weren't particularly targeted.

Many large companies have already invested in cryptocurrency in the US, and there's extensive legal and legislative experience. Fortunately, even if a crypto hater were to become president, they wouldn't be able to change anything.

[bbc.reporter]

@zasad@. I disagree that the anticrypto Democrats will not have the power to change anything. They might not change some of the positive developments that were supported by the Donald and his administration, however, without the Clarity act to protect these positive developments, there can certainly be another type of regulation through enforcement occurrences or another operation chokepoint occurence on the cryptospace.