At today's CCI and @SoFi Senate briefing, we discussed the cost of regulatory ambiguity for digital assets and how the Clarity Act would provide certainty for businesses and real protections for consumers. The EU, Singapore, UAE, and other jurisdictions already set their rules ahead of the U.S. The numbers don’t lie. 88% of centralized exchange volume and 81% of crypto developers are outside the U.S. This is why the Clarity Act is needed—the time is now. Thank you to members Matt Cameron (SoFi), @robinrcook (@coinbase), @Collin_McCune (@a16z), & moderator CCI's Freddy Barnes.

That's a wrap on our annual digital asset summit in London, hosted with @LathamWatkins and @GlobalDigitalFi and led by our UK Policy Lead Laura Navaratnam. Thank you to the regulators and policymakers from @HMTreasury, the @bankofengland, and the @TheFCA for a frank and constructive conversation on moving the UK regime from designing the rules to making them work in practice. And thank you to the industry experts who shared how firms are putting it into practice across payments, stablecoins, exchanges and digital assets: @binance, @Bitpanda, @circle, @coinbase, @Fireblockshq, @krakenfx, @meshpayments, @moonpay, @PayPal, @Schroders, @Stripe, @TRMLabs.

CCI congratulates Brian Johnson on his nomination to serve as Director of the Consumer Financial Protection Bureau (CFPB). Statement from our CEO @_jikim follows