JPMorgan said actions by U.S. regulators partly offset the Clarity Act setback, but longer-lasting rules are still needed.
CLARITY
- Bitcoin & Ethereum
Crypto industry gave $8 million to Clarity Act lobbyists who didn’t close the deal
by adminby adminCoinbase spent enough to make the top-ten in the overall category of securities and investment lobbying, according to OpenSecrets.org, above even Goldman Sachs Group Inc. and Andreessen Horowitz. In U.S. law, lobbying must be …
- Altcoin Highlights
CFTC sends crypto rules to White House to review as Congress stalls on Clarity Act
by adminby admin“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, …
- DeFi Market
Crypto Clarity Act barrels toward disappointment barring last-minute Senate turnaround
by adminby adminThe White House countered the bankers’ concerns on Tuesday by posting economic data suggesting the worries are misguided. Jaret Seiberg, a policy analyst at TD Cowen, set the odds for a failure in the …
Odds of the CLARITY Act becoming law this year on Polymarket fell sharply again on Monday after spiking the day before, as key Senate Democrats reportedly said they had not been swayed by Republicans’ …
I dunno, flip a coin.
- NFT & Metaverse
Coinbase Has a Backup Plan if the Crypto CLARITY Act Fails in Congress
by adminby adminCoinbase is preparing for the possibility that the long-awaited U.S. crypto market-structure bill may fail to clear Congress, but the exchange does not intend to slow down its plans for new products and services. …
Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act
Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act. The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, after …
Democrats push back on GOP’s ‘final’ CLARITY offer with counterproposal: Politico
Some Democrats remain dissatisfied with the bill’s crypto ethics provisions and will be sending a counterproposal just hours before a key procedural vote.
U.S. Secretary of the Treasury Scott Bessent urged lawmakers to move forward with the crypto Clarity Act when they return from recess next week. Writing on X Wednesday, Bessent said that the bill would …