Banks Sound Alarm as Senate Prepares CLARITY Act Markup

A U.S. senator criticized bank opposition to stablecoin legislation before a committee session, saying the American Bankers Association sought “immediate engagement” from bank CEOs. He framed the dispute as a fight over competition, yields, and control. US Senator Blasts Bank Pushback on Stablecoin Bill Senator Bernie Moreno (R-Ohio), a member of the U.S. Senate Committee […]

The post Scaramucci Warns of CLARITY Act Delay Amid Banking Pushback appeared on BitcoinEthereumNews.com. Anthony Scaramucci, founder of SkyBridge Capital, warned at the Solana Policy Summit that the Digital Asset Market Clarity Act (CLARITY Act) may not pass the Senate for another two to three years due to banking lobby resistance and political gridlock. This highlights the significant institutional opposition to crypto legislation in the Senate, where banking interests are powerful. While the CLARITY Act seemed on track for enactment after passing the House in late 2025, Scaramucci’s assessment suggests a much more uncertain future. He may be making this prediction to adjust expectations within the institutional investor community, which has been anticipating regulatory clarity as a near-term catalyst, aligning with SkyBridge Capital’s interests as a long-term holder of digital assets. Scaramucci’s warning comes as the broader crypto market suffered a slight pullback overnight, with

The post Crypto Funds Pull In $857.9M Last Week as CLARITY Act Markup Lifts appeared on BitcoinEthereumNews.com. Key Takeaways Crypto funds saw $857.9M in weekly inflows, with bitcoin leading at $706.1M, per Coinshares. Senate Banking Committee CLARITY Act markup is set for May 14; a floor vote is targeted for June or July. CLARITY Act delays earlier caused a $952M single-week outflow; last week’s reversal shows restored confidence. CLARITY Act Momentum Flips the Script Coinshares, the digital asset investment firm that tracks weekly fund flow data globally, reported that crypto investment products attracted $857.9 million in net inflows for the week, pushing total assets under management (AuM) across all digital asset funds to $160 billion. Bitcoin-focused products dominated the haul with $706.1 million in inflows, while ethereum and other digital assets accounted for the remainder. Source: Coinshares The reversal is striking when placed against recent history. When CLARITY Act timeli

Digital asset investment funds recorded $857.9 million in weekly inflows last week, with bitcoin accounting for $706.1 million of those gains, as growing optimism over the U.S. Senate’s scheduled CLARITY Act markup on May 14 revived institutional appetite for crypto exposure. CLARITY Act Momentum Flips the Script Coinshares, the digital asset investment firm that tracks […]

Polymarket traders price a 75% chance for the CLARITY Act becoming law in 2026. The probability dropped to 40% in January, peaked at 82% in February, fell to 43% in late April, then rose to the mid-70s. A Senate stablecoin yield deal caused the recent jump, banning bank-like rewards but allowing platform incentives. Polymarket traders […] The post CLARITY Act Gains Momentum as Polymarket Odds Hit 75% appeared first on Live Bitcoin News.

The Clarity Act finally has a real markup date, while BlackRock is making its biggest tokenization push yet.

The post Crypto Funds Add $858M as Clarity Act Drives Market Optimism appeared on BitcoinEthereumNews.com. In brief Digital asset investment products attracted $857.9 million last week, the largest single-week total since April 24, according to CoinShares. Bitcoin led with $706.1 million, bringing its year-to-date total to $4.9 billion, while short-Bitcoin products posted their steepest weekly outflows this year at $14.4 million. Ethereum reversed $81.6 million in prior-week outflows to post $77.1 million in fresh inflows; Solana and XRP added $47.6 million and $39.6 million, respectively. Digital asset investment products just pulled in nearly $860 million in a single week, extending a six-week streak of inflows as momentum builds around the U.S. Digital Asset Market Clarity Act. Inflows hit $857.9 million last week, the largest since late April, pushing total assets under management to $160 billion, according to CoinShares’ Monday report. Bitcoin led inflows with $706.1 million, brin

Bitcoin begins the week near $80,100, with crypto markets facing an unusually dense calendar of macro, policy and institutional-positioning catalysts. The immediate question is whether Washington and geopolitics add fresh support to risk assets or reinforce the dollar, oil and rates pressure that has kept broader crypto liquidity selective. #1 Fed Transition Risk Moves To The Senate The first event is the Senate’s May 11 vote tied to Kevin Warsh’s Federal Reserve nomination. Importantly, this is not simply a final vote to make Warsh Fed Chair. The Senate schedule shows a roll-call vote on cloture for Warsh’s nomination to become a Fed governor, while his separate nomination to become Chair is also on the executive calendar. Related Reading: Binance Founder CZ Sees Major Changes Ahead For Crypto The White House nominated Warsh in March both as Fed Chair for a four-year term and as a governor for a 14-year term. For Bitcoin, the relevance is straightforward: the Fed chair transition affe