Hester_Peirce
6h Crypto Recap: XRP, SEC, Bitcoin_ETF, Midnight, SWIFT — Fast Shifts
#SEC Commissioner #Hester_Peirce is set to leave her post on Oct. 2. The change is drawing attention because she has been a prominent voice on crypto policy. ⚖️
#a16z challenged the #SEC’s crypto buyback guidance and framed it as a major loophole. The dispute is adding fresh pressure to how token repurchases are interpreted under securities rules.
#SWIFT and #Wells_Fargo joined a Linux Foundation blockchain initiative. The move signals deeper institutional participation in open-source enterprise blockchain work. 🏦
6h Crypto Recap: CLARITY Act, SEC, XRP, Bitcoin — rules reshape hype
Senate Republicans released a revised #CLARITY_Act draft that adds an ethics provision tied to senior federal officials and crypto-related ventures.
The updated #CLARITY_Act language would bar presidents and spouses from launching crypto tokens for compensation for a set period, putting political crypto projects under a spotlight ⚖️.
SEC Commissioner #Hester_Peirce said “crypto vaults” and onchain lending can fall under securities laws depending on how they are structured.
Policy debate around the #CLARITY_Act intensified as lawmakers faced pressure over how strict the ethics and conflict-of-interest rules should be.