Alexander Lorenzo breaks down how Wall Street is moving ahead on crypto regulation without waiting for Congress. The Clarity Act stalled, but the DTCC is already settling tokenized trades, Ripple applied for a bank charter, and stablecoins hit record transaction volumes. The market is writing its own rules.
So the White House was targeting July 4th to sign the Clarity Act into law on Independence Day, but it didn't happen. So the Clarity Act is not going to regulate crypto right now. It got stalled. I was wrong about one thing, but not about the thing that you think. I want to give you a quick recap so we're caught up of what's going on with the Clarity Act. So the Clarity Act passed the House 94 to 134, very clearly. Then it passed the Senate Banking Committee 15 to 9 on May 14th. Then it stalled. No floor vote, no signature. Prediction markets now have it under 40% to actually become law this year when it comes to, you know, Poly market. Then July 18th hit. That was the deadline for 6 federal agencies to finish the stablecoin rulebook for the actual Genius Act. Zero final rules. 10 proposals on the table, not one was finished. So the bill is stuck and the rulebook is unwritten. By every normal rule of how this works, everything should be frozen solid right now. But fortunately, the exact opposite is happening. I need you to look at it, right? July 15th, the DTCC ran live tokenized trades with over 14 of the biggest firms in the country. Ripple's already holding a conditional national bank charter and has an application in it for the Federal Reserve account. The SEC keeps quietly handing out no-action letters one at a time that let companies move now. And stablecoin supply grew 18.6%. That same year to $308 billion. June alone sat on an all-time record. $1.79 trillion moved through stablecoins in one month with no finished rules. So here's what people got wrong. I thought we were waiting on the law. I really did. But we were never waiting on that law. The law is the paperwork. The building already started though. Everybody's moving. That's not a delay. That's a head start. And I want you to hear a good part about all of this because this is like one of the biggest benefits specifically right now for investors. This means it's not being forced on anybody by a bill. Nobody's being made to do it. Banks, exchanges, and asset managers are choosing this at their own cost before they're actually required to. This is not politics. That's real demand. They're taking risk in an unclear area, and it's actually being adopted with no official rule book. They're moving before the law. That's a real transfer of wealth, guys. That's an opportunity to accumulate at cheaper prices, because once it becomes law, everything's going to go up. So you need to learn how to pivot and keep learning, because nobody can predict the future, right? Keep learning and adjust accordingly to the market. You cannot control it. By the way, if you guys want to learn how I use AI to trade automatically, I give away my system for $1. Go to the link in my bio and take advantage. A lot of people are benefiting from this, and it's changing their lives.
