“The CFTC is locked in and ready to ship its rules for the new frontier of finance,” CFTC chair Mike Selig wrote in a post on X following the vote on Wednesday. The CFTC, on Friday, also published a no-action letter, giving certain software providers a way to connect users to regulated derivatives markets without […]
Shark Tank host and veteran investor Kevin O’Leary said he’s convinced the Clarity Act will eventually advance in the Senate and could return as soon as the first quarter of next year. Speaking at the Avalanche Summit in New York on Thursday, O’Leary said he didn’t expect the bill to advance on Tuesday, when it […]
The Senate’s failure to advance the Clarity Act on Tuesday was a major setback for the crypto industry’s push to lock market structure rules into law, but the reaction from industry leaders was notably measured. Crypto executives said the vote does not unwind the regulatory progress already underway at the SEC and CFTC, nor is […]
The $TRUMP coin was worth more than $46 at its height, but it steadily declined to its current price of $1.47. The token saw brief spikes in value when the company behind it announced it would host dinners — including at Trump’s Mar-a-Lago, with the president as the keynote speaker — but that price action […]
Bottom line: Clarity isn’t likely to come up for voting before next week — the final days before the chamber’s summer break is set to start on August 8. The hotly debated market structure bill isn’t yet ready for a vote, anyway, as the parties continue to try to seek a compromise on a contentious […]
White House crypto adviser Patrick Witt responded to Thune’s remarks in an interview with CoinDesk on Thursday, arguing that the first week in August should still be open for potential Senate action. Witt said he was “perplexed” by Thune’s sentiment and that he’s “slightly more optimistic,” though he agreed that the bill is unlikely to […]
Bond markets are already reacting. The U.S. two-year Treasury yield jumped to 4.31%, its highest level since February 2025, while the benchmark 10-year yield rose to 4.66%, the highest since May, according to TradingView data. Higher yields raise the opportunity cost of holding non-yielding assets such as bitcoin and gold, often prompting investors to rotate […]
The lack of an ethics provision remains one of the biggest sticking points. Sen. Ruben Gallego (D-Ariz.), one of two Democrats who voted to advance the bill out of the Senate Banking Committee, has repeatedly said he will not support the legislation on the Senate floor without a bipartisan ethics provision. Other Democrats have raised […]
The president also disclosed holding north of $100 million in various cryptos, and a few smaller stakes in firms like Corewave. Senator Elizabeth Warren, the senior-most Democrat on the Banking Committee, called for an ethics provision in the Clarity Act in a statement after the disclosure, saying, “The crypto legislation heading to the Senate floor […]
Though there’s no new sign of progress on the U.S. Senate’s Digital Asset Market Clarity Act, the crypto industry’s Blockchain Association held an online event Thursday with involved lawmakers continuing to make the case for support — especially in the law enforcement community — as the bill’s advocates contend with a narrow Senate window. Throughout […]
JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address concerns from traditional banks over stablecoin regulation. In an interview with Maria Bartiromo on Fox Business, Dimon appeared frustrated by the direction […]
Crypto-related stocks rallied Monday, led by Circle (CRCL) and Coinbase (COIN), as progress on U.S. digital asset legislation and bitcoin BTC$79,707.35 breaking above $80,000 lifted sentiment across the sector. Circle, issuer of the USDC stablecoin, surged 18%, extending recent gains, while U.S.-focused crypto exchange Coinbase rose about 7%. BitGo (BTGO), a digital asset infrastructure firm […]