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Chromosomes 17 and 16 are now live on Minos, bringing the total number of chromosomes in the network to 7. Chr17 carries BRCA1 and TP53, while Chr16 contains key genes implicated in kidney disease and blood disorders.
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The only reason Clarity Act hasn’t passed yet is b/c crypto disrupts traditional banking model… It’s really that simple. We can talk ethics, BRCA, etc. But it all boils down to crypto reducing need for banks as intermediaries & disrupting net interest income model. And the politicians who are incentivized to support that model.
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Money movement is becoming more connected. As a longtime @Circle partner, we're taking the next step by joining @arc. @anthonysoohoo explains why this matters. 👇
🚨NEWS: The National Fraternal Order of Police, one of the key law enforcement groups involved in negotiations over the Blockchain Regulatory Certainty Act, is now backing the latest version of the Clarity Act, saying revised BRCA language addresses its previous concerns and preserves law enforcement’s ability to investigate crypto crimes. The BRCA remained unchanged in the latest version of the bill released Wednesday, so it’s unclear what changes the group is referencing.
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SENATOR URGES SENATE TO KEEP NON-CUSTODIAL BITCOIN DEVELOPER PROTECTIONS IN CLARITY ACT Sen. Ron Wyden urged Senate leaders to preserve the BRCA provision in the CLARITY Act, warning that removing protections for non-custodial, open-source developers would undermine legal certainty for Bitcoin and crypto software while doing little to combat illicit finance. Wyden argued developers who never control user funds should not be treated as money transmitters.
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The CLARITY Act nearly died Thursday morning. Negotiations between Republicans and Democrats collapsed Wednesday night after talks stalled over changes to the BRCA, which protects noncustodial software developers from money transmitter prosecution. Thursday morning, the five pro-crypto Democrats met in Warner's office to strategize. "Members were still hashing it out as late as 10:29 a.m." The hearing started at 10:30. The deal came together in the ante room right after Warren's opening statement. Senators Tillis, Lummis, Alsobrooks, and Gallego struck a last-minute compromise while GOP aides handwrote draft amendments and rushed printed materials to members in real time. One staffer called it "chaotic and unprecedented." The compromise removed BRCA-referencing language from Section 301, which DeFi advocates say could weaken developer protections. Other revisions authorized banks to engage in digital asset activities, banned insider trading on ancillary assets, and preserved state consumer protection laws. The bill passed 15-9. Both Democratic yes votes made clear their support doesn't carry to the floor. Gallego: "My vote here does not guarantee a vote on the floor." The bill now gets merged with the Senate Agriculture Committee text before a full Senate vote.
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A new CLARITY Act draft dropped. @kkirkbos, @TuongvyLe12, and @GSR_io's @JoshR_GSR unpack what changed — and give their passage odds. ⚖️ The BRCA developer protection provision: specific intent explained ⭕ Circle’s ARC token presale 🏦 What TradFi actually wants from this bill cc @DEXintheCityPod
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At 10:30 ET, the Banking Committee will mark up its portion of CLARITY. Bipartisan negotiation maintained the core growth drivers & the BRCA, while addressing consumer and investor protection priorities of both caucuses. We strongly advocate advancing the bill with a Yes vote.
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PROTECTIONS FOR DEVELOPERS FINAL ROADBLOCK FOR CLARITY ACT @EleanorTerrett reports bipartisan Senate negotiations over the Clarity Act reportedly ended last night without a deal. Sen. Cynthia Lummis says lawmakers have agreement on “99%” of the bill, but disputes over BRCA protections for non-custodial developers and ethics provisions tied to the First Family remain unresolved ahead of tomorrow’s Banking Committee markup. Coin Center drew a red line, warning it will not support a stripped-down BRCA proposal and calling the vote a “with us or against us moment” for developer rights. As of now, expectations are the markup will proceed on a partisan basis with Democrats holding out.
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Some stream of conscious emotions after the Clarity vote: grateful to have the job I have, to work where I do, and to wake up and do the work everyday alongside some of the best and brightest thankful for the industry coalition we built and nurtured throughout the past year + competition is healthy, but it is always encouraging to see the industry put aside its differences and pull in the same direction when it matters disappointment about the result, caring about something ultimately means disappointment if it does not come to fruition but I'd rather care than be nihilistic about our space or our politics emboldened to press on, the need for DeFi and crypto does not change based on today's vote, if anything when i look at the world around me, I see even more reason to keep fighting and building resolve to continue to advocate and advance important policy priorities including the BRCA and user choice as it relates to their financial future, ultimately pushing back against the intermediated panopticon we currently find ourselves in
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