Coinbase CEO Brian Armstrong heads to Senate to advocate for crypto market structure bill

A major piece of US crypto legislation is now in the spotlight with XRP at the center: the CLARITY Act draft text was released Monday night, totaling 309 pages and arriving ahead of a key Senate markup scheduled for Thursday.  The bill has been delayed since January, but the appearance of the full draft has already triggered intense attention from XRP analysts who believe important parts of the document could meaningfully improve the altcoin’s regulatory outlook. ‘Legally Favorable’ For XRP According to market expert Bull Winkle, several provisions in the draft point to “significant bullish categories” for XRP. In a post shared after the release, Winkle said his reaction was not only excitement, but a sense that the framework is unusually favorable in legal and structural terms.  He began by focusing on the early pages of the draft which creates a new regulatory category for a “network token.” In his reading, the bill defines a network token as a digital asset intrinsically tied to a d

Coinbase's strategic lobbying efforts could shape US crypto regulations, potentially unlocking significant institutional investment opportunities. The post Coinbase CEO Brian Armstrong to address Senate GOP steering lunch on Wednesday appeared first on Crypto Briefing.

The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed's Board of Governors, despite many Democrats’ concerns about the central bank’s independence.

The banking sector's resistance to stablecoin yield provisions highlights the tension between traditional finance and emerging digital asset innovations. The post American Bankers Association urges banks to oppose stablecoin yield loophole in Digital Asset Market Clarity Act ahead of Senate markup appeared first on Crypto Briefing.

Some lawmakers continue to push for ethics provision in the bill as bipartisan support is necessary for the CLARITY Act to pass a Senate floor vote.

Coinbase CEO Brian Armstrong said the CLARITY Act gave banks their must-haves as the Senate released its 309-page bill text. The Senate Banking Committee released the 309-page substitute text of the CLARITY Act on May 12, setting a committee markup…

Coinbase now lets users borrow up to $100K against SOL via Morpho on Base, turning Solana into its third major collateral pillar as the token eyes a retest of $200. Coinbase has expanded its on-chain crypto lending product to include Solana as…

Senate Banking Committee Republicans mounted a defense of the CLARITY Act ahead of a scheduled May 14 markup, rejecting claims that the bill would weaken securities law, create loopholes, or ignore illicit finance risks. They argued the legislation would instead assign regulator authority, require disclosures, and add anti-fraud protections across digital asset markets. Republicans Answer […]