Circle CEO @jerallaire isn't fazed by the Senate's decision to block the CLARITY Act. He believes regulators will keep moving crypto market structure forward, and Congress will eventually catch up with additional laws. "The key thing is that a year ago The GENIUS Act, which makes digital dollars legal in the U.S. financial system, became federal law. So a lot of our work is done." "CLARITY is about how trading venues get set up, clarifications around how DeFi is treated, etc. It's market structure." "The agencies that regulate these things, like the CFTC, the SEC, even the bank regulators too, they're all just going to move forward and regulate it themselves." "Eventually we'll get additional laws passed through Congress."

JUST IN: @circle CEO @jerallaire has issued a statement after $CRCL fell over 16%, arguing Open Standard Dollar ($OUSD) will struggle to match $USDC’s network effects, global liquidity and regulatory reach.

JUST IN - JERA, Japan's largest power producer, in partnership with major U.S. technology companies, to build a $3 billion gas-fired power plant in the U.S., for a co-located data center designed for training LLMs, scheduled to begin operating 2028 — Nikkei