1. The Digital Asset Market CLARITY Act will set the rules of the road for crypto. Almost everyone agrees regulation is overdue. But as written, it contains five gaps that threaten to undermine the very structure the legislation hopes to deliver. A thread on what's missing 🧵
9. The choice before the Senate is not whether to regulate crypto. It is whether the rules will protect consumers, defend U.S. national security, and ensure public office cannot be used for personal or family profit.
Has the U.S. crossed a "Corruption Rubicon"?
In a new @Newsweek op-ed, TI-US Deputy Executive Director Scott Greytak breaks down how a proposed $1.776B "anti-weaponization fund" threatened to turn taxpayer dollars into a payout system for political loyalty 👇
1. 🆕 New op-ed by our Deputy Executive Director, Scott Greytak, and white-collar defense partner at Squire Patton Boggs, Tom Firestone: "FEPA's First Test: Protecting American Companies Returning to Venezuela" — published in @just_security.
🔗 justsecurity.org/138902/fepa…
4: But here's the problem: more than 2 years after FEPA's enactment, the DOJ has yet to bring a single prosecution under the law. Meanwhile, U.S. companies are already being asked to navigate Venezuela's volatile, high-risk market.
5: Venezuela may be FEPA's first real test. If enforced seriously, U.S. companies can push back against bribe demands with the full weight of U.S. law — leveling the playing field without lowering standards. The question is: will the DOJ use it? Â
🔗 justsecurity.org/138902/fepa…
1. The U.S. House Committee on Financial Services has advanced H.R. 425 — a bill that would gut the Corporate Transparency Act, the most important anti-money laundering and anti-corruption law in a generation.
5. Weakening the CTA now risks turning the United States back into a place where criminals and foreign adversaries can more easily fund their networks and hide dirty money in plain sight.
6. We call on every member of Congress to reject this proposal and vote against any effort to weaken the Corporate Transparency Act.
🔗 Read the full statement: us.transparency.org/news/hou…