American Bankers Association escalates lobbying against CLARITY Act stablecoin provisions

CLARITY Act Stablecoin Rules: 5 Things Investors Must Know The post CLARITY Act News: Long Awaited 309-Page Text Drops Tonight: What Next? appeared first on 99Bitcoins.

The post Senate Unveils New 309-Page CLARITY Act Draft Before Vote appeared on BitcoinEthereumNews.com. New CLARITY Act draft has been released which aims at fixing key crypto industry concerns. Ethics rules remains unclear, leaving Democrat support uncertain. Surprise housing bill inclusion adds controversy before vote. The US Senate Banking Committee has released a new 309 page draft of the Digital Asset Market Clarity Act, also known as the CLARITY Act, which is setting the stage for Thursday’s pivotal markup vote as per well-known crypto journalist Eleanor Terrett. Committee members now have until close of business Wednesday to file for any amendments before the executive session commences. The release has come after months of deadlock and negotiations that took place at the last minute. Industry stakeholders are watching closely and are waiting to see if Democrats will support the revised bill or not. Stablecoin Yield Compromise Addresses Coinbase CEO’s Core Concern In the new dra

The post Senate Banking Committee Unveils 309-Page Crypto Clarity Act Draft appeared on BitcoinEthereumNews.com. The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research. The US Senate Banking Committee released a 309-page Crypto Clarity Act draft. It defines SEC and CFTC roles while adding strict stablecoin yield rules. Source: https://cryptoticker.io/en/us-senate-banking-committee-crypto-clarity-act-draft/

The post Circle Banks $200M From Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15% appeared on BitcoinEthereumNews.com. Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and d

Shares of stablecoin issuer Circle (CRLC) climbed on Monday, rising by 15% to $130 for the first time in nearly a month. The move came after the company disclosed it had raised $222 million in the presale of Arc, the native token tied to Circle’s new blockchain. The funding values Arc at a fully diluted network valuation of $3 billion Circle CEO Maps The Road Ahead Speaking to CNBC in an exclusive interview, Circle CEO Jeremy Allaire framed Arc as more than another crypto launch. He compared blockchain infrastructure to major technology platforms such as mobile operating systems and cloud services, arguing that it is becoming a foundational layer for how businesses operate.  Related Reading: Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money? “We want to build an operating system that has many, many stakeholders in it,” Allaire said, describing a model that includes major companies helping to run and ultimately govern the infrastructure.  He added that Circle is moving towar

Standard Chartered estimates that XRP ETFs could attract $4-$8 billion in inflows by year-end if the asset receives permanent commodity status.

The American Bankers Association (ABA) is pressing for big changes to the Clarity Act, claiming the crypto market structure bill could put bank deposits at risk of losing ground to stablecoins. Last week, the Senate Banking Committee announced it had scheduled a new markup session to consider the potential legislation. Over the weekend, ABA President […] The post Bank Lobbyists Strike Out Against Clarity Act, Say Bill Would Risk ‘Flight of Bank Deposits’ Into Payment Stablecoins appeared first on The Daily Hodl.

Global crypto funds have extended their positive streak into a sixth straight week amid growing rally conviction and a boost from improving sentiment around the CLARITY Act ahead of its long‑delayed Senate Banking markup. Related Reading: Bitcoin Price Gains Renewed Strength, Market Eyes Bullish Breakout Bitcoin Leads Crypto Funds $858M Inflows Global crypto investment products have extended their positive streak for the sixth consecutive week after posting $857.9 million in inflows over the past week. The funds saw a significant surge from the modest $117 million recorded on the week that ended on April 24. As Bitcoin surged to its highest levels in months, funds based on the flagship crypto led last week’s boom, drawing $706.1 million and bringing year-to-date (YTD) flows to $4.9 billion, according to CoinShares data. Conversely, short Bitcoin products saw $14.4 million in outflows, its largest withdrawals of the year, indicating traders are unwinding hedges amid growing rally convic