Cody Carbone @CodyCarboneDC Twitter profile | Pikagi

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Cody Carbone

@CodyCarboneDC

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Girl Dad 💪🏻 President @DigitalChamber . Formerly EY and House of Reps. Crypto and bad sports takes. DC but always repping NJ .

DC

https://t.co/pM2tgBWWjK

Joined April 2020

Don't wanna be here? Send us removal request.

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@CodyCarboneDC

Cody Carbone

1 year

Pinch me moment today as I got to represent @DigitalChamber and our nearly 200 member companies in front of the New York State Senate this afternoon. First time back in Albany since I was sworn in as a member of the NY State bar and man, was it awesome.

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@CodyCarboneDC

Cody Carbone

8 months

Wait, where is all the #crypto ?

@MarinaMedvin

Marina Medvin 🇺🇸

8 months

A Hamas leader was attempting to flee Gaza with suitcases full of cash. That’s US cash in there. You’re welcome, taxpayers.

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@CodyCarboneDC

Cody Carbone

1 year

Six!! Democrats on the House Financial Services Cmtee joined all Republicans in passing the FIT For the 21st Century Act (market structure) bill out of committee. By a vote of 35-15 the bill will now go to the House floor. A massive day for #digitalasset regulatory clarity!!!

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@CodyCarboneDC

Cody Carbone

9 months

I wrote a letter to the 18 supporters of @SenWarren Digital Asset Anti Money Laundering Act, urging them to reconsider their support for this bill. The gist? This bill will hurt their constituents, kill U.S. jobs, and imperil the U.S. in the technological space race. Please

@Blockworks_

Blockworks

9 months

OPINION: Dear senators, don’t drive crypto miners, validators and more out of the US

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@CodyCarboneDC

Cody Carbone

1 month

🚨 Incredible. Senator Marshall has officially withdrawn support of the Warren/Marshall bill (DAAMLA) This is a bill we have been opposing for several years. It’s a backdoor ban on blockchain technology by creating impossible compliance requirements for miners, validators, etc.

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@CodyCarboneDC

Cody Carbone

1 year

The Clarity for Payments Stablecoin bill passes the @FinancialCmte 34-19. Congrats @PatrickMcHenry ! The bill received support from 5 Democrats: Rep. Himes, Rep. Gottheimer, Rep. Meeks (D-NY), Rep. Torres, Rep. Nickel Meeks is new from yesterday.

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@CodyCarboneDC

Cody Carbone

3 years

@tomwatson @kyrstensinema Seems extreme to decide that opposition to a procedural move = racist....

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@CodyCarboneDC

Cody Carbone

1 year

This effort, coupled with @tedcruz Financial Institution Customer Protection Act will hopefully bring light to the #crypto #chokepoint and discriminatory practices.

@SenatorHagerty

Senator Bill Hagerty

@SenatorHagerty

1 year

Yesterday, I led my colleagues @MikeCrapo , @SenThomTillis , & @SteveDaines in sending a letter to Fed Chair Powell, Chairman Gruenberg, & Acting Comptroller of the Currency Hsu for their behavior that seems disturbingly reminiscent of Operation Choke Point during the Obama Admin.

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@CodyCarboneDC

Cody Carbone

2 months

🚨🚨COURT RULES that just because a token was part of an investment contract in the past, it doesn't mean it should always be considered a security. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia providing the clarity the #crypto industry

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@CodyCarboneDC

Cody Carbone

4 months

Discouraged that President Biden issued a Statement of Administration Policy saying he would veto H.J. Res 109, the Joint Resolution to nullify the SEC's Staff Accounting Bulletin (SAB) 121. SAB 121 effectively prohibits trusted custodians from being able to manage digital

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@CodyCarboneDC

Cody Carbone

2 years

Wow - let the showdown begin. From @coinbase earnings report 👇🏻 “We may determine not to remove a particular crypto asset from Coinbase Spot Market even if the SEC or another regulator alleges that the crypto asset is a security”

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@CodyCarboneDC

Cody Carbone

2 years

🚨 BREAKING: FASB has just unanimously agreed to kick off discussions on how to recognize and measure digital assets, as well as how to present them on company financial statements. This is a massive breakthrough towards authoritative accounting guidance for digital assets.

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@CodyCarboneDC

Cody Carbone

4 months

279!!!! 71 Democrats joining 208 Republicans to pass #FIT21 . What a day. This is a massive win for bipartisanship and clarity. To the Senate we go. Congrats to @CongressmanGT @RepFrenchHill @WarrenDavidson @RepDustyJohnson @GOPMajorityWhip and their staff for years of work.

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@CodyCarboneDC

Cody Carbone

10 months

Wow. The GAO has concluded that SAB 121 is not merely a bulletin, but an agency rule. Here is what it means: 1) SEC failed to comply with the law - Congressional Review Act (CRA) 2) The CRA states that all agency rules, unless an exception applies, must be submitted to both

@usgaolegal

U.S. GAO (Legal)

10 months

Securities and Exchange Commission—Applicability of the Congressional Review Act to Staff Accounting Bulletin No. 121

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@CodyCarboneDC

Cody Carbone

11 months

This is extremely disingenuous. Hamas stopped fundraising in cryptocurrency due to the public nature and traceability of the blockchain in early 2023. Using crypto as a scapegoat for terrorism or any illegal act is trite. This is the narrative the anti-crypto army creates devoid

@WSJ

The Wall Street Journal

11 months

Hamas’s lightning strike on Israel last weekend has left observers questioning how the group financed the surprise operation. One possible answer: cryptocurrency.

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@CodyCarboneDC

Cody Carbone

3 months

Biden vetoes the resolution to nullify SAB 121. Process? Who cares. Consumer protection? No thanks. Appeasing Gensler’s crypto vendetta? Sure thing. This is a slap in the face to innovation and financial freedom. #Crypto #Fail

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@CodyCarboneDC

Cody Carbone

1 year

The 6 Democrats were: 1) Himes (D-CT) 2) Torres (D-NY) 3) Gottheimer (D-NJ) 4) Horsford (D-NV) 5) Nickel (D-NC) 6) Petterson (D-CO)

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@CodyCarboneDC

Cody Carbone

8 months

hey @CommunityNotes 👋 . @SenWarren says #crypto doesn't follow AML rules, but the Report cited says differently👇 "the exchange or withdrawal of virtual currency for fiat currency commonly necessary to spend the funds is typically conducted at a VASP. U.S.-based VASPs are

@SenWarren

Elizabeth Warren

8 months

A new @USGAO report confirms that rogue nations are using crypto to dodge sanctions and undermine our national security. It’s time for crypto to follow the same anti-money laundering rules as everyone else. I’ve got a bill to make it happen.

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@CodyCarboneDC

Cody Carbone

4 months

We have worked tirelessly for ~two years to repeal SAB 121. We had hours of conversations (until midnight last night) with members to explain why SAB121 is such a dangerous policy and precedent. It's never been a #crypto issue, this is about following the process and the law

@DigitalChamber

The Digital Chamber

@DigitalChamber

4 months

We celebrate the bipartisan vote to repeal SAB 121. Thank you @SenLummis for your leadership!

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@CodyCarboneDC

Cody Carbone

9 months

Wow. #Crypto was just discussed at length in the GOP presidential debate. Politics/issues aside, this is a defining moment that crypto is here to stay. The U.S. remains behind because their is still a debate (👋 Jamie Dimon) here whether crypto should exist. No longer.

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@CodyCarboneDC

Cody Carbone

4 months

SEC Chair Gary Gensler releases statement rambling that #FIT21 , which aims to end SEC regulation by enforcement regime through clarity and provides robust investor disclosures is bad because it falls counter to Gary Gensler anti-crypto PR tour.

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@CodyCarboneDC

Cody Carbone

1 month

🚨The BITCOIN Act of 2024 is live Thank you, @SenLummis for your leadership. The establishment of a strategic #Bitcoin reserve and the #Bitcoin purchasing program positions the U.S. for global leadership in digital assets. This initiative is essential.

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@CodyCarboneDC

Cody Carbone

4 months

Good morning ☀️ from Capitol Hill. Today is the day that the Senate will vote on *and pass* HJ Res 109, the Joint Resolution to repeal SEC SAB 121. Don’t expect the bipartisan momentum to slow down. I’d watch this vote closely 😀 Tune in for debate to start at 10am

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@CodyCarboneDC

Cody Carbone

3 months

Update on #SAB 121 process. We received confirmation that Congress did not send over H.J Res 109, Resolution to repeal SAB 121, to Biden until last night. That changes 10 day window. @POTUS now has until June 3rd to veto the Resolution (10 day window excluding Sundays).

@DigitalChamber

The Digital Chamber

@DigitalChamber

4 months

🚨 What’s next for SAB 121? 🚨 With H.J. Res 109 passing the Senate 60-38, it’s now on President Biden’s desk. He has until May 28 to decide: 1️⃣ Veto it? Unlikely that Congress has the votes to override. 2️⃣ Sign it? Nullifies SAB 121. 3️⃣ Do nothing? Learn more here 👇

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@CodyCarboneDC

Cody Carbone

4 months

How we feeling US taxpayers? #crypto is too small for Gensler to discuss publicly but large enough that the SEC has allocated a huge chunk of its enforcement resources. Feel protected investors?

@CIFonX

CEDAR Innovation Foundation

4 months

Another thing @GaryGensler doesn't want to talk about is his lawyers being sanctioned after being found to have acted in bad faith and abused their power in pursuing crypto companies. It's been nearly 2 months since the Debt Box ruling and he still hasn't addressed it.

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@CodyCarboneDC

Cody Carbone

9 months

Supporters of the Digital Asset Anti-Money Laundering Act are supporting a legislative initiative written by the American Bankers Association. This proposed bill is designed to strip away the security layer from digital asset transactions, which are engineered to offer

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@CodyCarboneDC

Cody Carbone

4 months

Thank you to the following Dem offices for their support in nullifying SAB 121. Appreciate their willingness to support this common sense resolution following a last ditch effort to deter them by the President and the SEC. On to the Senate! Auchincloss Boyle (PA) Caraveo

@CodyCarboneDC

Cody Carbone

4 months

207 Rs, 21 Ds upholding the administrative process and voting to protect consumers. Thank you @WileyNickel and @USRepMikeFlood for your leadership! SAB 121 will be nullified.

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@CodyCarboneDC

Cody Carbone

1 year

The Torres Doctrine is foundational. Now, it’d be great to make it law.

@RepRitchie

Rep. Ritchie Torres

1 year

🚨 Needless to say, regulating digital assets through enforcement only had a dreadful day in court last week. In the wake of the resounding decision out of the SDNY Ripple case, @SECGov must reassess its continued assault on the crypto industry. My letter to Chair Gensler:

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@CodyCarboneDC

Cody Carbone

1 year

Stablecoin bill remains close. There are a number of Ds who support bill and a full bipartisan agreement fell through at the 23rd hour due to White House concerns with lack of Fed oversight over state non-bank issuers. We’re confident this bipartisan bill still moves forward.

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@CodyCarboneDC

Cody Carbone

1 year

Huge news! The previous accounting measurement was *one of* the biggest barriers for institutions to hold crypto - they were measured at impairment (measured when price went down but not up). Fair value makes sense and will encourage institutional holdings of crypto.

@nicola_m_white

Nicola M. White

@nicola_m_white

1 year

New: FASB unanimously votes to approve long-awaited accounting rules for cryptocurrency. Rules will require fair value measurement - aka highs and lows of crypto. Expected publication date by year end.

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@CodyCarboneDC

Cody Carbone

9 months

Today, @DigitalChamber met with 16! senate offices urging them to prioritize digital asset legislation and warning against the impact the Warren/Marshall Digital Asset Anti Money Laundering Act would have on U.S. consumers and national security.

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@CodyCarboneDC

Cody Carbone

4 months

For congressional procedure nerds out there (🙋‍♂️) the number 30 is significant. 30 Senators are required to support discharging the Joint Resolution under the CRA out of Committee to the Senate floor. Repeal of SAB 121 is going to keep moving.

@SimplyBitcoinTV

Simply Bitcoin

@SimplyBitcoinTV

4 months

NEWS: Senator Cynthia Lummis has garnered support from 30 GOP senators in the Senate to overturn the SEC's SAB 121, which imposes limitations on financial institutions holding #Bitcoin .

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@CodyCarboneDC

Cody Carbone

5 months

Ecstatic to have @Conste11ation join the Chamber family and join us in our advocacy and education mission 🤝🏻

@Conste11ation

Constellation Network

5 months

Thrilled to share that Constellation has joined @DigitalChamber , aligning with other leaders in the crypto/blockchain space. Our resolve to shape policy and future frameworks highlights our commitment to pioneering innovation alongside industry trailblazers. $DAG

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@CodyCarboneDC

Cody Carbone

2 years

@nic__carter This is being discussed more loudly in DC. There are efforts underway for members of Congress to bring this to light and help combat the suspected discriminatory banking practices.

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@CodyCarboneDC

Cody Carbone

4 months

207 Rs, 21 Ds upholding the administrative process and voting to protect consumers. Thank you @WileyNickel and @USRepMikeFlood for your leadership! SAB 121 will be nullified.

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@CodyCarboneDC

Cody Carbone

2 months

@BarstoolBigCat The taxpayers . Like the packers but worse

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@CodyCarboneDC

Cody Carbone

1 month

The @DigitalChamber will be reaching out to every single Senate office encouraging them to support this legislation. #Bitcoin is the future and the world is finally catching up to @SenLummis

@SenLummis

Senator Cynthia Lummis

1 month

This is the solution. This is the answer. This is our Louisiana Purchase moment! #Bitcoin2024

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@CodyCarboneDC

Cody Carbone

1 year

@BillHughesDC We’re on the hill talking to senate banking members about this. The opposition is strong despite Senator Warren’s efforts. We’re working to get support to zero

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@CodyCarboneDC

Cody Carbone

4 months

A brazen abuse of power from a market regulator that has decided #crypto enforcement headlines and pats on the back from aligned politicians trump agency mandates to protect investors and maintain fair, orderly markets. Time for that oversight hearing.... @FinancialCmte

@jchervinsky

Jake Chervinsky

4 months

The SEC just sent a Wells notice to Robinhood. The number they've sent about crypto in recent months is astonishing. It's hard to imagine that they would (or could) bring so many enforcement actions at once. It seems like they're abusing the Wells process as a scare tactic now.

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@CodyCarboneDC

Cody Carbone

11 months

Newly scheduled hearing alert 🚨 @FinancialCmte Digital Assets Subcommittee will hold a hearing , titled“Modernizing Financial Services through Innovation and Competition.” Next Wednesday October 25In at 10 am

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@CodyCarboneDC

Cody Carbone

1 year

The FIT for the 21st Century Act passed out of House Ag by VOICE VOTE!!! You want to see a bipartisan bill? This is it. A consensus agreement to move this bill forward by Dems and Republicans. Congrats @CongressmanGT and @RepDustyJohnson for this progress!

@DigitalChamber

The Digital Chamber

@DigitalChamber

1 year

Congratulations to @HouseAgGOP and Chairman @CongressmanGT for moving H.R. 4763 to the House. We're happy to see progress for the digital asset industry!

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@CodyCarboneDC

Cody Carbone

2 years

Wyoming continues to lead on digital asset innovation 👏🏻

@CaitlinLong_

Caitlin Long 🔑⚡️🟠

2 years

BIG STUFF--today the #Wyoming legislature passed a bill prohibiting compelled disclosure of private keys (w/ some exceptions), by a veto-proof majority! CONGRATS to @rothfuss @JaredSOlsen @itsmikeyin & special thx @ChristopherA . Next stop @governorgordon 🤠

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@CodyCarboneDC

Cody Carbone

1 year

Digital Asset Tax Guidance! Today, @IRSnews released guidance on crypto staking. If you earn assets as a result of staking, the value should be included in gross income in the year in which you can transfer/sell/exchange/or dispose of the crypto.

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@CodyCarboneDC

Cody Carbone

11 months

We need legislation to prohibit banking restrictions for legitimate crypto businesses. SAFER Banking would help ameliorate the current reg pressure on banks to avoid working with crypto. How do we get it passed? 🧵 👇🏻

@CoinDesk

CoinDesk

11 months

The crypto industry has seen its access to banking restricted in the wake of several business failures. A new bill, now under consideration, would ensure that officials can't freeze out companies based on personal beliefs. Opinion @CodyCarboneDC

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@CodyCarboneDC

Cody Carbone

4 months

🚨 #Crypto traders alert! 🚨 The IRS has released a draft 1099-DA to help report future cryptocurrency transactions. Confused about what it means? Don't worry, @digitalchamber has you covered with an easy-to-understand breakdown. #taxes #cryptocurrency #IRS #regulations

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@CodyCarboneDC

Cody Carbone

2 years

Congrats to @DigitalChamber member @BNYMellon for their news that they’re officially entering the #crypto custody space. Game changer

@WSJ

The Wall Street Journal

2 years

Bank of New York Mellon is becoming the first large U.S. bank to safeguard digital assets alongside traditional investments on the same platform

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@CodyCarboneDC

Cody Carbone

1 year

We can agree that the entire #digitalasset industry is awaiting these rules. However, the Senators labeling the entire #digitalasset industry as tax evaders and criminals because Treasury has failed to create rules is gaslighting.

@taylorjbarr

Taylor Barr

1 year

🚨NEW: U.S. Senators Elizabeth Warren (D-Mass.), Bob Casey (D-Pa.), Richard Blumenthal (D-Conn.), and Bernie Sanders (I-Vt.) sent a letter to the Treasury and the IRS urging them to expedite rules to curb tax evasion via crypto loopholes. 👇

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@CodyCarboneDC

Cody Carbone

1 year

The SEC has brought enforcement actions in 140 (as of May so + now) crypto-related enforcements, going back to the SEC’s first-ever crypto enforcement action in July 2013. How many rulemakings have been solely focused on digital assets? Zero. A "catchy, tired refrain" 🙄

@caseywagnerr

Casey Wagner

1 year

SEC Director of the Division of Enforcement Gubir Grewal in New York this morning: “I brush back on this ‘regulation by enforcement’ notion, it’s just a catchy, tired refrain”

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@CodyCarboneDC

Cody Carbone

8 months

A lot of #crypto tax drama this week. With new reporting requirements in effect, we need an immediate fix or else wait idly for regs. The bipartisan H.R. 1414 directly solves the 6050I issue (reporting over $10K transactions). Our letter urges immediate consideration of

@DigitalChamber

The Digital Chamber

@DigitalChamber

8 months

You just received $10,000 USD worth of #crypto . And 15 days later, you're charged with a felony? Congress needs to fix this ASAP. We wrote a letter proposing the critical need to consider H.R. 1414, the Keep Innovation in America Act, which stops the law and studies the

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@CodyCarboneDC

Cody Carbone

8 months

I often get asked why I’m advocating so hard against the Warren bill when it’s unlikely to be law this year. Legislative and reg efforts that disincentivize US #crypto operations under the guise of investor protection are a gift for the CCP and our adversaries. Fairness.

@mtcameron

Michael Cameron

8 months

The Chinese Communist Party officially leaning into web3. The Ministry of Industry and Information Technology recently released a statement on Proposal No. 02969, “Proposal on Promoting the Development of Web3 Industry.” A few key take aways 🧵

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@CodyCarboneDC

Cody Carbone

9 months

China currently holds 84% of all blockchain related patents. @SenWarren legislation would nearly guarantee that the U.S. will hold 0%. Your support of the Digital Asset Anti Money Laundering Act puts the U.S behind. @RogerMarshallMD @Sen_JoeManchin @GrahamBlog @GaryPeters

@CodyCarboneDC

Cody Carbone

9 months

I wrote a letter to the 18 supporters of @SenWarren Digital Asset Anti Money Laundering Act, urging them to reconsider their support for this bill. The gist? This bill will hurt their constituents, kill U.S. jobs, and imperil the U.S. in the technological space race. Please

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@CodyCarboneDC

Cody Carbone

1 month

But crypto is the problem

@solidintel_x

Solid Intel 📡

1 month

INTEL: It has now been 90 minutes since the market opened, and users at Schwab, Vanguard, Fidelity, Ameritrade, and E-Trade still cannot access their accounts

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@CodyCarboneDC

Cody Carbone

5 months

Let me translate what Warren is saying in these letters: “Despite the states’ and FinCEN’s current reg oversight of stablecoin issuers, I don’t trust them.” “Peer to peer transacting can’t exist.” “Government is and will always be the answer. Ban it unless govt. controls it.”

@AlexanderGrieve

Alexander Grieve

@AlexanderGrieve

5 months

Senator Warren really ramping up the anti-stablecoin letters. Here’s another one to Treasury Secretary Janet Yellen, calling on her to push for including “nodes in the DeFi system” [sic] in the AML sections of any stablecoin legislation

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@CodyCarboneDC

Cody Carbone

8 months

6050I ( #digitalasset transaction reporting over $10K) stopgap. Now we wait for regs... Businesses "do not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations." #crypto #tax

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@CodyCarboneDC

Cody Carbone

1 month

As reported by @EleanorTerrett , this morning @DigitalChamber sent a letter to @VP , urging her to lead a transformative shift in the Democratic Party's stance on #digitalassets . We presented key requests and are ready to serve as a resource to drive this change.👇

@DigitalChamber

The Digital Chamber

@DigitalChamber

1 month

📢 This morning, we sent a letter to @VP with important requests to support the #digitalasset industry. It's in the best interest of the American people for Democrats to embrace this technology fully. @VP has a unique chance to lead this change. Here are our 3 key asks:👇

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@CodyCarboneDC

Cody Carbone

2 years

🚨 House Financial Services to hold FTX hearing on Tuesday, December 13 at 10 am. This hearing title is “Investigating the Collapse of FTX, Part 1” There will be multiple hearings leading into next Congress. Witnesses not yet noticed. #crypto

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@CodyCarboneDC

Cody Carbone

4 months

Confidence is growing that FIT (aka market structure) will be the first comprehensive #crypto reg bill to pass the House at the end of the month. A lot of ?s on how bill text has changed since July '23 markup and what leg language has been added to garner broader support.

@Eleanor_Mueller

Eleanor Mueller

@Eleanor_Mueller

4 months

NEW: The House is eyeing the last week of May for possible floor votes on McHenry's crypto bill and Emmer's CBDC bill, House aides say. House Financial Services staff told me last month that they wanted the former to move in Q2. With @Jasper_Goodman :

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@CodyCarboneDC

Cody Carbone

11 months

As we’ve been active lobbying against the Warren/Marshall bill, we keep hearing the same refrain from many Dem offices. Paraphrasing… “This bill does nothing to solve AML issues and seems to stretch the legislative intent of the BSA.”

@AlexanderGrieve

Alexander Grieve

@AlexanderGrieve

11 months

Newsy quote from Senate Banking Chair Sherrod Brown in @politico this AM, saying what we’ve been saying all along about Warren-Marshall: it doesn’t actually address any of the regulatory gaps that currently exist

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@CodyCarboneDC

Cody Carbone

1 year

Thank you! @PatrickMcHenry @RepFrenchHill @RepHuizenga This is a great step to bring transparency to the ongoing efforts to debank the digital asset ecosystem. @DigitalChamber brought our impacted members to the hill to talk about debanking last month. Conversations matter.

@FinancialCmte

Financial Services GOP

1 year

#NEW : Chairmen @PatrickMcHenry , @RepFrenchHill , and @RepHuizenga are demanding information on prudential banking regulators' efforts to de-bank the digital asset ecosystem. ⬇️ Read more on their letters 🔗

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@CodyCarboneDC

Cody Carbone

4 months

No one is saying this. It’s this type of misinformation and rhetoric that is so frustrating. We are painstakingly calling for regulation, which is often twisted to “they don’t like the rules.” Can we not fathom that rules from the 1930s may not apply neatly to new tech?

@DennisKelleher

Dennis Kelleher

@DennisKelleher

4 months

Since the 1930s, 1 law on registration & related securities matters @SECGov have applied equally to all; #crypto alone is saying all those laws apply to every1 else but them; that's wrong, unfair & dangerous shilling for a lawless industry. @Zachary @Jasper_Goodman @declanharty

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@CodyCarboneDC

Cody Carbone

1 year

A full bipartisan agreement is still close. Negotiations will continue forward and the bill will likely be further amended before considered on the House floor.

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@CodyCarboneDC

Cody Carbone

6 months

The EIA survey has been retracted and the emergency justification has been withdrawn. An incredible win for the #Bitcoin mining industry and testament to the powerful coalition between @DigitalChamber @TXblockchain_ and @RiotPlatforms What does the legal order say?

@DigitalChamber

The Digital Chamber

@DigitalChamber

6 months

BREAKING: A monumental victory for #CryptocurrencyMining ! The EIA's emergency survey is OFF the table. Read our statement here 👇

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Cody Carbone

2 months

Good morning Capitol Hill 🌞 Today, @DigitalChamber and @DigitalPowerUS kick off our 3-week #Bitcoin course for congressional staff. Over 50 House and Senate staffers have registered to learn about #Bitcoin ! If you need a reason to be optimistic about DC/crypto, this is it.

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Cody Carbone

2 years

Litigation and court rulings are the fate of the US regulatory landscape for crypto if the SEC continues down their enforcement path in favor of rulemakings. It’s up to Congress to intervene

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Cody Carbone

2 months

This is irresponsible and a dereliction of duty to intentionally misguide investors to further an ill-advised and losing policy goal.

@BloombergLive

Bloomberg Live

2 months

"This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition." @SECGov Chair @GaryGensler #BloombergInvest @annmarie

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Cody Carbone

11 months

Govt shutdown has taken some of the fervor out of this hearing, but expect fireworks. @DigitalChamber will be at the hearing covering live. After meeting with Committee, expect a lot of continued questions on #crypto with reactions of recent Court cases (Ripple, Grayscale).

@EleanorTerrett

Eleanor Terrett

@EleanorTerrett

11 months

Tomorrow at 10AM EST @GaryGensler will appear before the @FinancialCmte / @FSCDems for an oversight hearing of the @SECGov . I’m told members will cover a host of topics including Friday’s potential government shutdown and how it might affect the SEC, how the agency deals with

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Cody Carbone

2 months

Huge for clarity of secondary trading. @DigitalChamber has been arguing for years that the Howey test was never meant to apply to the sorts of secondary market transactions at issue here, where there is no “contract” at all.

@SGJohnsson

Scott Johnsson

2 months

Wow, big loss for the SEC in Binance re: secondary sales. I was expecting this type of analysis from Failla, but Berman seems to have given it instead.

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Cody Carbone

6 months

At @DigitalChamber will continue to pushback against the SEC's overreach of the #digitalasset industry. As we did in our briefs supporting @Ripple @coinbase and @BinanceUS , we call for the Courts to limit the SEC's overreach.

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Standing Up For Kraken: The Chamber of Digital Commerce Files Amicus Brief in SEC v. Kraken in...

The Chamber of Digital Commerce has submitted a motion for leave to file an amicus curiae brief in the ongoing SEC v. Payward, Inc. (Kraken) case. This move underscores the Chamber’s commitment to...

digitalchamber.org

@DigitalChamber

The Digital Chamber

@DigitalChamber

6 months

1/ We're stepping in. We've filed an amicus curiae brief in the @SECgov v. @Kraken case. Our goal? To end the SEC’s attempt to regulate the #digitalasset industry WITHOUT legislative authority.

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Cody Carbone

2 years

But it’s all a Ponzi scheme, right?? Great post here from @SatoshiActFund on how the power of #Bitcoin is solving real world problems and doing it sustainably

@Dennis_Porter_

Dennis Porter

@Dennis_Porter_

2 years

BREAKING: Bitcoin Miners Return Enough Power to Heat 1.5 Million Homes during Texas Winter Storm

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Cody Carbone

6 months

@SenWarren cannot keep her policy positions straight. She partners with the big banks to expand the BSA to kill #crypto innovation. Yet, now she is criticizing the big banks use of the BSA. How can that be? 🤔

@SenWarren

Elizabeth Warren

6 months

Big banks are disproportionately closing the accounts of Muslim Americans and other communities often without notice or explanation. This is outrageous, and just plain wrong. Rep. @Ilhan and I want answers.

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Cody Carbone

5 months

The proposed policy to make validators operate as banks will kill individual contributions & centralize control in big players (I thought we didn't like that @SenWarren ?) stifling US innovation and actually increasing illicit activity.

@EleanorTerrett

Eleanor Terrett

@EleanorTerrett

5 months

🚨NEW: @SenWarren focused on validators (nodes) not being subject to the same AML laws as banks. She asked @wallyadeyemo if she sent him $1K in cryptocurrency, is it possible that Iran is the “validator” of that transaction. Adeyemo said it’s definitely possible. Warren

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Cody Carbone

2 months

Happy Fourth of July! 🇺🇸 Yesterday, @DigitalChamber filed an amicus brief in support of @custodiabank standing up against the unconstitutional actions of the @federalreserve in denying them a master account.

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Cody Carbone

6 months

Another incredible day on Capitol Hill meeting with members of Senate Banking! These education days are only successful due to the participation of our awesome members. Thank you @WinstonLaw , @JuratNetwork @Ripple @StellarOrg @Lukka @CMT_Digital @RiotPlatforms @FilFoundation

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Cody Carbone

1 year

I’m still struck by @RepMaxineWaters staff’s new talking points on #crypto . It completely cedes their legislative powers to Gary Gensler and isn’t representative of the caucus. A ot of inaccuracies here. Ignoring the turf war by gaslighting an entire industry is bizarre.

@EleanorTerrett

Eleanor Terrett

@EleanorTerrett

1 year

🚨SCOOP: Prior to today's @FinancialCmte / @HouseAgGOP hearing on digital asset regulation, a memo was circulated among Democrat Committee members. It contained "key messages" for the @FSCDems to stick to including supporting the @SECGov 's total authority over crypto regulation,

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Cody Carbone

4 months

👏🏻 As expected, the House is likely to vote on a Joint Resolution to nullify the SEC’s SAB 121 this week. A win for consumers. We expect bipartisan support on the floor and will continue our advocacy to nullify this “rule” in the Senate.

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Cody Carbone

2 months

Today, the Supreme Court overturned #Chevron deference. This will have a major impact for the #crypto industry. Sick of the SEC overreaching? Well, today is your lucky day. Read our statement on today's monumental decision here:

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@DigitalChamber

The Digital Chamber

@DigitalChamber

2 months

The @USSupremeCourt decision to overturn #Chevron Deference returns authority from unelected regulators to Congress and the courts, promoting accountability in federal agency interpretations of ambiguous statutes.

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@CodyCarboneDC

Cody Carbone

1 month

The time to act is now. We'll be on Capitol Hill today hand-delivering our letter to every U.S. Senate office urging them to support @SenLummis BITCOIN Act of 2024. Join us, call your U.S. Senator, and help move pro-bitcoin legislation forward to ensure U.S. leadership!

@DigitalChamber

The Digital Chamber

@DigitalChamber

1 month

Today, we're hand-delivering this letter 👇 to every U.S. Senator urging them to support the BITCOIN Act of 2024. #Bitcoin is our future, and this bill ensures the U.S. leads in global economic innovation. Thank you @SenLummis for your consistent leadership!

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Cody Carbone

1 year

@Eugene482 It's a pretty loud rebuke of the Ranking Member for six to oppose her. I also think we will see several Dems in House Ag tomorrow support the bill so it is a fairly significant coalition forming.

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Cody Carbone

1 year

Great day on Capitol Hill. We met with 10!!! offices on the Senate Banking Committee to talk #crypto regulation and make this tech and the innovators behind it come to life. Takeaway: industry needs to prioritize providing more use cases, data, and real life stories to Senators.

@DigitalChamber

The Digital Chamber

@DigitalChamber

1 year

👏👏👏Another great day on Capitol Hill moving our industry forward. Special thanks to our valued members @WisdomTreePrime , @BitwiseInvest , @EventusSystems , @coinflip , @MoodysCorp , @FISGlobal , @StellarOrg , & @Wipfli_LLP for joining us.

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Cody Carbone

4 months

Clear from today's statements (floor, Gensler, trade unions) that opposition of #FIT21 is not about substance or merits of the bill. It's about creating rules for, and giving attention to, a disfavored industry. Blind faith in Gary Gensler is a bizarre hill to die on.

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Cody Carbone

10 months

The @WSJ correctly issued a retraction two weeks ago for releasing incorrect and misleading data related to Hamas’ use of #crypto . The @WSJ reverted back and issued more naked data for headlines. The use of #crypto in illicit finance is an issue that we must all collectively

@SamLyman33

Sam Lyman

10 months

Another day, another hit piece on crypto 🙃 A reminder that these numbers more likely reflect the total volume of crypto that flowed between entities with links to Hamas—not the actual amount of money raised by the organization. Stripped of this context, you get Senators

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Cody Carbone

10 months

Another attack on investors by the SEC in the action against Kraken. The SEC lists the following tokens are securities in their action incorrectly claiming they're all investment contracts due to twitter statements, YouTube AMAs, and protocol upgrades. 1) $ADA, 2) $ALGO, 3)

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Cody Carbone

5 months

🚨 Just noticed: Senate Banking hearing on April 9 with @wallyadeyemo on #crypto illicit finance issues. This hearing will be a platform to debate various legislative proposals on this issue, such as Sen. Warren bill. It will also likely be a vehicle to bring forth new

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@CodyCarboneDC

Cody Carbone

7 months

Over regulation and reactionary policy are having a detrimental impact on digital asset innovation in the U.S. Thanks @RepDonaldsPress for speaking out on this!

@RepDonaldsPress

Congressman Byron Donalds

@RepDonaldsPress

7 months

The digital assets industry is in its infancy stage. A major concern of mine is if Washington will try to effectuate an outcome in the industry by: 🚩Overregulating industry actors 🚩Getting in the way 🚩Stifling innovation This has happened before. It shouldn't happen again.

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Cody Carbone

1 year

The ⁦ @federalreserve ⁩ is hiring for a “crypto” monitoring team. Despite past posturing, the Fed clearly believes crypto is an emerging part of the banking system. This is great news and highlights the staying power of the industry

781 Senior Policy Analyst jobs in United States (43 new)

Today’s top 781 Senior Policy Analyst jobs in United States. Leverage your professional network, and get hired. New Senior Policy Analyst jobs added daily.

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@CodyCarboneDC

Cody Carbone

10 months

SAB 121 is bad policy. SAB 121 hurts consumers by disincentivizing trusted custodians from holding #digitalassets . SAB 121 is a rule that did not go through notice and comment. SAB 121 should not be enforceable. Thank you! @PatrickMcHenry @SenLummis for your continued support.

@FinancialCmte

Financial Services GOP

10 months

#NEW : Chairman @PatrickMcHenry & @SenLummis led a bipartisan, bicameral letter urging the prudential regulators not to enforce #SAB121 . The letter follows a @USGAO finding that the bulletin constitutes a "rule" for purposes of the CRA. Read more 🔗

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Cody Carbone

7 months

Incredible stuff. A proactive suit against the SEC requesting the Court to determine that secondary sales of digital assets are not sales of securities. This takes a lot of guts. Best of luck @LEJILEX @mikewawszczak in getting the clarity you deserve!

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@CodyCarboneDC

Cody Carbone

4 months

There is significant momentum to move clear common sense rules for #crypto 🚂 Thanks to the hard work from @CongressmanGT @PatrickMcHenry @RepDustyJohnson @RepFrenchHill for continuing to push for #digitalasset clarity and move this comprehensive bill forward.

@FinancialCmte

Financial Services GOP

4 months

🚨 BREAKING: House to consider the Financial Innovation and Technology for the 21st Century Act. #FIT21 will deliver robust consumer protections and regulatory clarity for digital asset markets. 👇 Read more 🔗

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Cody Carbone

10 months

Facts will always prevail. Thank you to ⁦ @MorgensternNJ ⁩ and ⁦ @JasonLes_ ⁩ for setting the record straight. Hamas just learned a brutal lesson about bitcoin. Can senators also learn it? | The Hill

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Hamas just learned a brutal lesson about bitcoin. Can senators also learn it?

Hamas discovered all too late that making illegal transactions in Bitcoin is a financial suicide mission. Why do some lawmakers refuse to learn the same lesson?

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@CodyCarboneDC

Cody Carbone

9 months

We spend a lot of our time playing defense against anti- competitive, consumer, innovation bills in the #crypto space. As we near the holidays, I thought it would be a good time to bring attention to several of the positive legislative efforts and innovation-champions 👇👇

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@CodyCarboneDC

Cody Carbone

2 years

Yesterday was awesome. Spent the day with @DigitalChamber members meeting with @FinancialCmte to talk the power of #digitalassets and #blockchain and getting clear and consistent policies. The future is bright ❗️

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@CodyCarboneDC

Cody Carbone

1 year

Good morning #crypto twitter that likes policy ☀️ 🌧️ Huge day in DC for @DigitalChamber members 1) Day of meetings with @SenFinance ; 2) Representing #crypto industry at US Treasury for BSAAG plenary meeting. Importantly, stay tuned for #Pixels2Policy coming later today 👀

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@CodyCarboneDC

Cody Carbone

6 months

This is an attack on SEC’s judgment and ability to operate as an independent regulator as much as it is on crypto, which is…interesting. It’s unfortunate the Senators omitted their intended goal of banning access to #crypto . How do RI and CA consumers feel about this?

@AlexanderGrieve

Alexander Grieve

@AlexanderGrieve

6 months

The success of the BTC spot products clearly ruffling some feathers on the Hill. @SenatorJackReed and @Senlaphonza write to the @SECGov urging: -no further ETPs for other tokens -make life difficult (i.e. examinations/reviews) for brokers and advisers that recommend BTC ETPs

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Cody Carbone

1 year

Good morning from Albany, NY! At 12 PM ET I’ll be testifying in front of the New York Senate Banks Committee on the benefits and utility of #crypto . Excited to share some of the amazing things @DigitalChamber members are doing. Tune in here 👉🏻

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@CodyCarboneDC

Cody Carbone

2 months

Is the SEC failing to protect investors by pursuing enforcement actions against the digital asset industry without Congressional direction or clear guidance, driven by the Chairman's personal vendetta and political opportunism? Raise your hand if you think yes 🙋‍♂️

@SECGov

U.S. Securities and Exchange Commission

2 months

We charged Consensys Software with engaging in the unregistered offer and sale of securities through MetaMask Staking and with operating as an unregistered broker.

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@CodyCarboneDC

Cody Carbone

6 months

Digital assets are the future of finance. @DigitalChamber is proud to support @JakeHoffmanAZ @votewarren @JosephChaplik effort in #Arizona to explore investing state retirement funds in #Bitcoin ETFs through SCR 1016. A great move to position AZ as an #innovation leader.

@DigitalChamber

The Digital Chamber

@DigitalChamber

6 months

🚀 Our Chief Policy Officer @CodyCarboneDC has penned a letter to @katiehobbs , Governor of Arizona, advocating for support of a groundbreaking legislative move. It's time to unleash the financial power of Arizona's State Retirement System by diving into #Bitcoin ETFs!👇👇

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Cody Carbone

1 year

Great work @tommapes88 and @DigitalChamber Mining Initiative for working with @PeteSessions to get this introduced!

@BitcoinMagazine

Bitcoin Magazine

@BitcoinMagazine

1 year

NEW: 🇺🇸 Bill introduced in Congress to encourage #Bitcoin mining in the US. Proof-of-Work can "yield an explosion of innovation" and "grow the economy" 🙌

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