The CLARITY Act passed with section 110 intact. Y’all know what to do….
It’s time to call your senators! saveourwallets.org has the numbers, get to it!
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Discussion
For those of us that hasn't followed this cRyPtO-wEeK thing, what is "section 110"?
I will never in my life encourage senators to pass new regulations and law.
But will you call your senators to encourage them to exempt self-custody from existing regulations and law? Cause that’s what we’re talking about.
That's a totally different item. Much like the genius act, clarity is a trainwreck of new reg and power, unfortunately.
So just call and say you support section 110 :)
Unless you are talking about something different, sec 110 is:
Sec. 110. Application of the Bank Secrecy Act
I absolutely do not agree on any way with that paragraph.
I'm hoping you mean something else.
I'll also add that both of my senators are sponsors of the bill. (AZ)
You should explain if section 110 being intact is good or bad...
"Section 110 of the CLARITY Act guarantees that your favorite wallet stays available by shielding service providers who don't control user assets from overburdensome regulations they can't comply with anyway."
Call your senator to have them pass CLARITY Act as is.
GM.
Contact your Senator, it doesn't take much time. Tell them you want CLARITY Act passed as is from the House.