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Crypto leaders are the most confident they’ve been in months—but a major vote on the Senate Banking Committee this week could still go many ways.
Read full articleThe long-awaited CLARITY Act is nearing a major turning point in Washington, with the Senate Banking Committee scheduled to hold its long-delayed markup on Thursday, May 14. The bill’s path has already included significant setbacks. After major disputes emerged earlier in the year—when the committee first postponed action—the markup was pushed back following extended battles […]
After months of delays, the Senate Banking Committee has set a Thursday markup for the CLARITY Act, but it would still need some Democrats’ support to pass on the Senate floor.
Crypto investment products absorbed $858 million last week, ahead of the upcoming CLARITY Act markup and Fed chair transition.
Community bankers are pushing back hard now that crypto exchanges are applying for national trust bank charters, with the Independent Community Bankers of America (ICBA) calling the move a threat to financial stability and consumer protections. At the same time, other bankers are concerned with the CLARITY Act and stablecoins. ICBA Tells OCC to Rescind […]
The Senate Banking Committee is set to mark up the sweeping crypto market structure bill on Thursday.
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
