This shit will be on Trump's desk and the official law of the land before August.

Institutional adoption can finally commence.

>>60638534 (OP)
meh

>>60638534 (OP)
it's over

More like penius act lmao

>>60638534 (OP)
its not passed yet, watcher guru has really lost its credibility

>>60638604
Kind of.

Ethereum will hit $10k before september

Did NOT pass. Chainlink holders remain stuck below forever.

>>60638604
>>60638617
top cope

These bills are on schedule for being signed into law before summer recess.

>>60638534 (OP)

"passes" no nigger, learn how to read. It has been advanced to the next stage, it has not passed yet.

>>60638670
The House literally passed Resolution 580 meaning these bills are moving forward and are on schedule to be signed into law before summer recess.

>>60638694
Don't be so certain. There is drama happening behind the scenes and skepticism that they can pass the Senate if they combine the bills, which was the compromise to get the Republicans who nuked it yesterday to be on board today.

Does this mean as a burger i'll be able to claim my build tokens? or nah

>>60638750
The Genius act is the real meat of it, and it could be on Trump's desk and signed into law even this week.

what are the actual implications of this passing

>>60638789
The Genius act is only for stablecoins, the market needs the Clarity act to pass and be signed into the law to spark the mega bullrun and give financial institutions the green light to actually adopt/innovate with cryptocurrencies and cryptocurrency products.

I heard it was really bullish for USDC coin. Should I load up on it?

>>60638868
Why would you “load up” on a stable coin you fucking mongoloid retard

>>60638846
it means it's 1 step closer to being on trumps desk (and he has already said if it gets to his desk he will sign it aka making it a law). genius act would make it so that all stablecoins must have a proof of reserve

>>60638670
semantics. hey retard, if the house passes it that means it advanced to the next stage. the house passed it to the next team. you're both saying the same shit.

>>60638886
I learned that one the hard way some 4-5 years ago

>>60638846
Proof of reserves becomes mandatory, for one.

But most of all it means key forms of crypto usage specifically for institutions becomes enshrined in law so there's no longer any fear of legal issues in court.
Pic very related.

>>60638852
Stablecoins are far and wide the closest to seeing full scale institutional adoption.
And it's looking extremely good for the Clarity act too.

>>60638534 (OP)
If it passes it will just cause another massive dump. Stuff that should be bullish always ends up giving us weeks of red instead.

>>60638694

Yes, moving forward, that does not mean they have "passed" it must still go through many steps before it passes. Like I said, learn how to read zoomer. Maybe pick up a book every once in a while.

>>60638852
>banks
They need a wild amount of infrastructure still, anon. Banks won't be able to custody and create products over night. Imagine them even beginning to scramble to understand how to custody for their clients, managing millions upon millions of wallet addresses and needing to not fuck that up ever. Kek.

>>60639063
who's excited for the first major key leak and massive theft

>>60639070
>first
CEX security is already pretty bad and there's been loads of leaks and hacks
I don't really draw the distinction to the irresponsible party being a 'real' bank desu
Not your keys, not your coins

>>60638756
Probably not enough time to get your SXT before the deadline, but wouldn't be surprised if US gets staking rewards opened up before end of year, especially since Chainlink's rewards audit literally just ended within the last hour.