James E. Thorne(@DrJStrategy):Elections have consequences. Democrats blocked the Clarity Act in the Senate over Trump’s crypto holdings. The bill would have required covered platforms to register, use qualified custodians, segregate customer assets, and allow faster temporary freezes. Weeks later Binance was hit by the largest crypto hack on record (~$6.3B). The safeguards the bill would have put in place never took effect. This is what happens when politicians vote on political vendettas instead of policy.

2026.11.01 01:16

Elections have consequences. Democrats blocked the Clarity Act in the Senate over Trump’s crypto holdings. The bill would have required covered platforms to register, use qualified custodians, segregate customer assets, and allow faster temporary freezes. Weeks later Binance was hit by the largest crypto hack on record (~$6.3B). The safeguards the bill would have put in place never took effect. This is what happens when politicians vote on political vendettas instead of policy.

Senator Cynthia Lummis@SenLummis

2026.10.30 17:18

Yesterday, hackers stole more than $6 billion from Binance in less than 4 hours, the biggest heist in history. The Clarity Act would have given crypto firms legal cover to freeze suspicious transactions the instant law enforcement calls. Every minute lost is money gone for good.

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