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14 contributions to First Step Bitcoin
CLARITY Act stalled in Senate
The CLARITY Act, is designed to regulate Bitcoin & crypto. The Digital Asset Market Clarity Act (CLARITY Act) is currently stalled in the U.S. Senate Banking Committee due to an intense dispute between the banking industry and crypto companies over stablecoin yield. While the bill passed the House with strong bipartisan support (294-134) in July 2025, it has been "stuck in neutral" since January 2026. Current Status and Key Obstacles The Yield Dispute: Banks (led by the American Bankers Association) are lobbying to ban interest payments on stablecoins, fearing a "deposit flight" of up to $6.6 trillion from traditional accounts. Crypto firms like Coinbase argue that such a ban is anticompetitive. Senate Timeline: Negotiators are racing against a "midterm clock." If a compromise is not reached by May or June 2026, the legislative calendar will likely shift to election campaigning, effectively killing the bill's chances for the year. Recent Compromise Efforts: On March 10, 2026, Senators Angela Alsobrooks (D-MD) and Thom Tillis (R-NC) announced a new attempt to break the impasse. The proposed deal would ban yield on "static" or idle stablecoin balances (similar to savings accounts) while allowing rewards for active platform use, such as trading fee discounts. Impact on Bitcoin and Other Assets If passed, the Act would provide significant legal certainty by clearly dividing jurisdiction between the SEC and the CFTC: Bitcoin (BTC) & Ethereum (ETH): Would be officially classified as digital commodities under the exclusive jurisdiction of the CFTC. Altcoins: Assets like XRP, Solana (SOL), and Avalanche (AVAX) would have a defined pathway to transition from "securities" to "commodities" once their networks are sufficiently decentralized, potentially paving the way for spot ETFs. Institutional Investment: Analysts from JPMorgan suggest that this regulatory "green light" could unlock billions in sidelined institutional capital.
2 likes • 27d
it looks like we've got about 6 weeks ... if by the end of April a deal is not worked out, there's no space left on the senate schedule to bring this issue to a vote ... and if we don't get a passing vote, there will be no Trump signature of this legislation ... that would be a crying shame NOT to see $30 TRILLION that's just waiting for the law to change so big money institutions can legally invest in the crypto industry go to waste and get invested in A.I. or something else.
What are you going to do with your Bitcoin?
What are your long term plans for your Bitcoin? Are you stacking sats to gain financial freedom? Do you want to create generational wealth? Do you want to set up your Bitcoin to fund a charity or organization that carries on your personal purpose beyond your lifetime? Or do you plan to do something else? What are you going to do with your Bitcoin?
What are you going to do with your Bitcoin?
1 like • Nov '25
@AP Wilcox i’ve heard about it, but don’t know a ton of details, do you recommend a particular resource?
1 like • Nov '25
@AP Wilcox oh yes — I DO remember reading about this (thanks!)
Is something wrong with Bitcoin?
Bitcoin hit its all-time high price of $126,000 last month on October 6. Since then it has dropped around 27% and is currently trading at around $92,000 What is going on? Is this normal, or is something wrong with bitcoin?
Is something wrong with Bitcoin?
1 like • Nov '25
AP -- I think bitcoin is laughing at us ... BTC does what it wants, when it wants (yes, because the asset is just a baby, and "big money" can manipulate it for short periods of time) But at the end of the day, I need to listen to my own advice and never worry about SHORT term moves. None of us are bullish enough. Buy more and don't worry about any price drops over the next 4 years. And as a side note: I DO think we will see a very nice bounce in December before we turn the corner to 2026. Keep up the great work!
And the Winner Is…
Alex C and Are You Ready, by AC/DC are the official winners of the Bitcoin Theme Song competition. $25 in Bitcoin to Alex Thanks enough to buy a real good lunch right now. It’ll probably be enough to buy 10 real good lunches in 5 to 10 years and enough to buy 100 real good lunches and 10 to 20 years Congrats Alex! I hope you all enjoy the copyright friendly AC/DC plus Bitcoin image ChatGPT created for me šŸ˜‚
And the Winner Is…
4 likes • Oct '25
Any photo that helps grab attention for Bitcoin works for me!
If Bitcoin had a theme song, what would it be?
Alright, time to get loose for the weekend and have a little fun. You'll have to reach into your musical database for this one. If Bitcoin had a theme song what would it be? We'll have a vote on this one Monday and the winner is gonna get a small prize!
If Bitcoin had a theme song, what would it be?
2 likes • Sep '25
Right Now by Van Halen
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Chauncey Hutter
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38points to level up
@chauncey-hutter-5856
Bitcoin Coach For Businesses: I Help Entrepreneurs Grow Exponentially with Safe and Secure Unstoppable Money -- NO Crypto ... Bitcoin Only!

Active 21m ago
Joined Apr 5, 2025
Charlottesville, VA -- USA
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