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JUST IN: 🇺🇸 Ripple officially receives full US regulatory approval to operate as a national trust bank.
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⚡️ JUST IN: $XRP launches an official X account managed by Ripple and the XRP Ledger Foundation.
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This one has been a long time coming… Welcome @XRP!
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This bill isn't just a compromise…it's the product of real, substantive trades policymakers made to get here.
I said this many months ago: perfect can't be the enemy of good…
and let's be clear: those trades weren't small. This isn't a deal Senators should be ‘settling for’ — it's a deal that they should stand behind.
Senate: the world is watching and voters are watching. Now is the time to vote yes.
I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
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🚨HUGE: U.S. lawmakers will vote on advancing a bill to create a permanent Strategic Bitcoin Reserve on September 16.
The bipartisan bill would:
• Put the reserve under the U.S. Treasury.
• Require Bitcoin added to the reserve to be held for 20 years without being sold.
• Keep eligible Bitcoin seized and forfeited to the government instead of auctioning it off.
• Use money from selling other forfeited crypto to buy Bitcoin or pay down national debt.
It would turn Trump’s March 2025 executive order into law, potentially reducing future government Bitcoin sales.
Wednesday’s House committee vote is an early step.
The bill would still need approval from the full House and Senate, followed by the president’s signature.
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JUST IN: 🇺🇸 US Senators officially release final draft of the Crypto Clarity Act for voting on Tuesday.
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🚨NEWS: Senate Republicans have released new Clarity Act text featuring a revised ethics proposal agreed to by President Trump.
The text also contains changes to the sections on the Blockchain Regulatory Certainty Act (BRCA), stablecoin yield, and the so-called “Ag title.”
Republicans are calling it their “last, best and final” offer to Democrats ahead of Tuesday’s cloture vote.
Some high-level details.👇🏼
On BRCA: The provision has been narrowed to the Bank Secrecy Act and civil enforcement. Specific language extending its protections to criminal cases, including prosecutions under Section 1960, has been removed.
On ethics: Trump has agreed to what a GOP aide describes as “80%” of the Tillis-Gallego ethics proposal including to either divest “substantial” crypto-related financial interests or place them in a blind trust. It would also allow a role for state attorneys general to enforce ethics provisions, something which the White House had previously balked at.
On yield: Added “circuit breaker” language (floated by Tillis in July) that would effectively act as a backstop by allowing federal regulators to intervene if there was evidence of widespread deposit flight from community banks to stablecoins. The federal regulator that will be the arbiter of this: Treasury Secretary Scott Bessent.
On Ag: The updated text adds tighter guardrails around vertical integration, including affiliate trading and conflicts of interest involving digital commodity exchanges, brokers and dealers. It also clarifies that state consumer protection laws still apply and that developer protections do not create exemptions from derivatives laws or impact prediction markets.
More to come in the @CryptoAmerica_ newsletter tomorrow AM.
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JUST IN: 🇺🇸 President Trump officially agrees to new bipartisan crypto Clarity Act ethics provisions.
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After a year of intense daily bipartisan negotiations, this bill is ready. Here is the final text. 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. This new text includes more than 120 of Democrats' demands. 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 in the digital asset markets. Democrats got what they wanted; now they need to take yes for an answer. Here's the latest: lummis.senate.gov/press-rele…
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Is it any surprise that BIS is testing with XRPL.. low fees (check) fast settlement (check) and proven track record (check).
cryptoslate.com/bis-prototyp…
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LATEST: ⚡️ Ripple CEO Brad Garlinghouse says crypto would allow central banks to store and move value "instantly, securely, around the world, at little to no cost."
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The BIS tested a way to prove official numbers weren’t tampered with. They stamped a fingerprint of the file on the open source public XRP Ledger. Nice technology demo.bis.org/publications/working…
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Banks will no longer need to deposit reserves at multiple correspondent banks🙇♂️
With Ripplenet, they will only need to HOLD XRP on their BALANCE SHEET and their local currency.🎯
“The adoption of XRP is also relieving financial institutions from the risk of bankruptcy of the correspondent bank holding funds.”✅
Documented below.📝👇
‼️BANKS WILL CONSOLIDATE FOREIGN ACCOUNTS INTO ONE SINGLE XRP LIQUIDITY POOL‼️
Banks keep money sitting in other countries so they can pay people there on demand.
Those parked balances are nostro accounts.🏦
To run this model, banks must hold multiple
accounts and multiple currencies.
Most of the cash in those accounts sits idle until it is needed. That is trapped liquidity.🔻
Those costs are why banks look for a cheaper alternative.🎯
This is where XRP comes in.😏💨
Instead of managing multiple currencies, banks on the Ripple network only need to hold their local currency and XRP.
When a payment is instructed under this framework, the bank’s local currency is converted to XRP, XRP is transferred, and XRP is converted into the destination currency.✅
That removes the need for separate foreign accounts and turns trapped capital into liquidity that can be used.💯
Documented below.📝👇
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🚨 JUST IN: ripple:native was mentioned 101 times in the BIS paper.
The BIS just used the ripple:native Ledger as a notary.
GDP, CPI, banking data — hashed, batched, notarised on #XRPL in 3–5s for $0.000003 per anchor.
Next step in their own paper: tokenised bonds on the same ledger.
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🔥 BULLISH: According to CryptoQuant analyst, $215 billion entered altcoins in three days, signaling a potential early altseason.
