New global monetary system

[quintessentone]

Our data is of the utmost value to them, so we must have power in there some how?

[cherokeetroy]

https://x.com/alexelorenzo/status/205494...82401?s=20

[cherokeetroy]

https://x.com/BitcoinMagazine/status/205...51383?s=20

[quintessentone]

https://x.com/alexelorenzo/status/205494...82401?s=20

[Image: https://i.imgur.com/AHzBVug.jpeg]

They mention customer protection in there, but nothing about potential future hacking and no insurance against loss of assets.

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"The Digital Asset Market Clarity Act of 2025 (commonly known as the CLARITY Act) is a comprehensive U.S. federal bill designed to establish a clear regulatory framework for digital assets, ending years of jurisdictional ambiguity between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).  The legislation passed the House of Representatives on July 17, 2025, and is currently undergoing the Senate Banking Committee markup process in May 2026, with a key vote expected on Thursday, May 14, 2026. 
Key provisions of the bill include:

• Jurisdictional Clarity: It grants the CFTC exclusive jurisdiction over "digital commodities" (decentralized assets like Bitcoin and Ethereum that do not confer financial rights) and maintains SEC jurisdiction over "restricted digital assets" (tokens that function as investment contracts or securities). 
  
• Registration and Oversight: It mandates the registration of digital asset brokers, dealers, and trading platforms with the CFTC, requiring them to comply with recordkeeping, customer protection, and anti-manipulation standards. 
  
• Consumer Protection: The bill strengthens safeguards against fraud and money laundering by applying Bank Secrecy Act regulations to digital asset intermediaries, including requirements for anti-money laundering programs, suspicious activity reporting, and customer identification. 
  
• Innovation and Stability: It includes a safe harbor for software developers who do not control customer funds, preserves the right to self-custody digital assets, and establishes a certification pathway for token issuers to determine if their blockchain is "mature" and exempt from securities laws. 
  

While the bill aims to provide regulatory certainty and foster innovation within the United States, it faces ongoing scrutiny regarding its impact on decentralized finance (DeFi) and national security vulnerabilities, as noted in minority advisory reports from the Senate Banking Committee. " (LLM)

[cherokeetroy]

They mention customer protection in there, but nothing about potential future hacking and no insurance against loss of assets.

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"The Digital Asset Market Clarity Act of 2025 (commonly known as the CLARITY Act) is a comprehensive U.S. federal bill designed to establish a clear regulatory framework for digital assets, ending years of jurisdictional ambiguity between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).  The legislation passed the House of Representatives on July 17, 2025, and is currently undergoing the Senate Banking Committee markup process in May 2026, with a key vote expected on Thursday, May 14, 2026. 
Key provisions of the bill include:

• Jurisdictional Clarity: It grants the CFTC exclusive jurisdiction over "digital commodities" (decentralized assets like Bitcoin and Ethereum that do not confer financial rights) and maintains SEC jurisdiction over "restricted digital assets" (tokens that function as investment contracts or securities). 
  
• Registration and Oversight: It mandates the registration of digital asset brokers, dealers, and trading platforms with the CFTC, requiring them to comply with recordkeeping, customer protection, and anti-manipulation standards. 
  
• Consumer Protection: The bill strengthens safeguards against fraud and money laundering by applying Bank Secrecy Act regulations to digital asset intermediaries, including requirements for anti-money laundering programs, suspicious activity reporting, and customer identification. 
  
• Innovation and Stability: It includes a safe harbor for software developers who do not control customer funds, preserves the right to self-custody digital assets, and establishes a certification pathway for token issuers to determine if their blockchain is "mature" and exempt from securities laws. 
  

While the bill aims to provide regulatory certainty and foster innovation within the United States, it faces ongoing scrutiny regarding its impact on decentralized finance (DeFi) and national security vulnerabilities, as noted in minority advisory reports from the Senate Banking Committee. " 

The difference between crypto/stablecoin and fiat currency is that crypto is a virtual asset, not tangible property

Crypto is represented by a numerical key rather than paper bills or metal coins

As long as you have that key (number), crypto can't be destroyed

If it's hacked or the number is stolen, the transactions are traceable across blockchain 

The focus is probably on maintaining advanced security features to prevent loss rather than offering insurance

[cherokeetroy]

https://x.com/unknowDLT/status/2054928811846766746?s=20

[quintessentone]

The difference between crypto/stablecoin and fiat currency is that crypto is a virtual asset, not tangible property

Crypto is represented by a numerical key rather than paper bills or metal coins

As long as you have that key (number), crypto can't be destroyed

If it's hacked or the number is stolen, the transactions are traceable across blockchain 

The focus is probably on maintaining advanced security features to prevent loss rather than offering insurance

Well, loss is my main concern as my digital identity is, in all probability, already compromised.

I'll have to see if they are indeed focusing on advanced security features if my bank goes that route.

[cherokeetroy]

Well, loss is my main concern as my digital identity is, in all probability, already compromised.

I'll have to see if they are indeed focusing on advanced security features if my bank goes that route.

With passing of the Clarity Act, crypto will now have legal oversight and government regulation that it lacked before 

With AI surveillance, biometric authentication and blockchain encryption, theft is going to be extremely difficult to get away with

Everything will have a digitized or tokenization copy on blockchain: government institutions, healthcare, education...Everything  is moving to the digital realm

https://x.com/CheekyCrypto/status/170007...97177?s=20

[quintessentone]

With passing of the Clarity Act, crypto will now have legal oversight and government regulation that it lacked before 

With AI surveillance, biometric authentication and blockchain encryption, theft is going to be extremely difficult to get away with

Everything will have a digitized or tokenization copy on blockchain: government institutions, healthcare, education...Everything  is moving to the digital realm

https://x.com/CheekyCrypto/status/170007...97177?s=20

[Image: https://i.imgur.com/5KqbqV8.jpeg]

Thanks for all your efforts in keeping us informed about this. I have learned a lot and know that if I ever do invest in digital cryto that I will go through a broker, that's for sure. 

[cherokeetroy]

Thanks for all your efforts in keeping us informed about this. I have learned a lot and know that if I ever do invest in digital cryto that I will go through a broker, that's for sure. 

There's a lot of urgency to get the Clarity Act passed
People in the crypto sphere predict that once it's signed into law, it's going to upend the economy 

Elizabeth Warren seems to feel the same way
https://x.com/AbsGEC/status/2055056623253565596?s=20


If she's right then the rush into crypto will trigger a massive bull run

If you decide to invest and you want the protection of FDIC insurance, find a bank or brokerage that offers tokenized deposits and go that route instead of stablecoins or crypto


Stablecoin = a digital dollar issued by a crypto company (USDT, USDC)
Backed by reserves
Not FDIC insured

Tokenized deposit = a digital dollar issued by a real bank (JPMorgan, HSBC, Citi)
Same as your checking account, just on a blockchain
FDIC insured up to $250,000

Both look the same on screen
Both move at internet speed
Both can earn interest/yield

https://www.forbes.com/sites/zennonkapro...der-money/

https://finovate.com/tokenized-deposits-...t-matters/