Controversial Crypto Provision Sparks Debate in Legislature

The post A New York Crypto Legal Director Role Is Advertising $1 Million to $5 Million a Year – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Pump.fun posted a New York legal role paying $1 million to $5 million a year. Solana memecoin volume tops $300 million daily as bitcoin sits 50% below October. Pump.fun faces a 2025 New York class action as the Clarity Act points to tighter rules. Pump.fun is shopping for a top lawyer in New York, and it is dangling a payday that would make most Big Tech compensation packages look modest: $1 million to $5 million a year. The timing is awkward for anyone pitching crypto stability, with Bitcoin down about 50% since 10/01 and regulators tightening screws from Europe’s MiCA to Washington’s evolving Clarity Act. Pump.fun’s meteoric growth on Solana has brought big volume and even bigger scrutiny, including a New York class action that accuses the platform of operating a Ponzi scheme. For a company trying to become a global brand, the

The post Kraken Wins $22 Million Arbitration as Arjun Sethi Calls for Clear Crypto Rules appeared on BitcoinEthereumNews.com. Key Takeaways Payward won a $22M award and asked Delaware court to enter judgment against Mazars USA. Kraken says Mazars’ exit reflected 2023 crypto regulatory pressure and debanking concerns. Arjun Sethi urged Congress to pass the CLARITY Act for clearer U.S. crypto rules. Kraken Asks Delaware Court to Enforce $22 Million Award Against Mazars USA Payward, the parent company of Kraken, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after an arbitrator awarded the crypto exchange operator $22 million. The dispute stems from Mazars’ decision to withdraw from Kraken’s nearly completed 2022 audit in December 2023. According to Payward Co-CEO Arjun Sethi, Mazars had audited Kraken for three years, issued two clean opinions, and was days away from completing a third. Sethi said the auditor confirmed in writing that it did not disag

Payward, Kraken’s parent company, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after winning a $22 million arbitration award. Co-CEO Arjun Sethi framed the case as part of a broader fight over debanking, regulatory pressure and the need for clear U.S. crypto market rules. Kraken Asks Delaware Court to […]

Warren's opposition to the Clarity Act highlights the ongoing tension between regulatory clarity and potential loopholes in crypto oversight. The post Senator Elizabeth Warren calls Clarity Act ‘ticket to sanctions evasion’ appeared first on Crypto Briefing.

The post Cuomo Urges Congress to Pass CLARITY Act: ‘Just Tell Me the Rules’ appeared on BitcoinEthereumNews.com. The post Cuomo Urges Congress to Pass CLARITY Act: ‘Just Tell Me the Rules’ appeared first on Coinpedia Fintech News Former New York governor and ICE-OKX joint venture co-chair, Andrew Cuomo is calling on U.S. lawmakers to move quickly on the CLARITY Act. He says the crypto industry is not looking for special treatment, it simply wants clear regulations. Speaking on Bloomberg Crypto, Cuomo urged Congress to pass the bill before lawmakers leave for the … Source: https://coinpedia.org/news/cuomo-urges-congress-to-pass-clarity-act-just-tell-me-the-rules/

The post Democrat Wyden sides with crypto industry over BRCA as it becomes Clarity Act’s make-or-break fight appeared on BitcoinEthereumNews.com. Sen. Ron Wyden, the Oregon Democrat sent a letter this week to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer. His ask: keep Section 604 in future drafts of the Clarity Act. The disputed section is the Blockchain Regulatory Certainty Act, known as BRCA. BRCA began as its own bill. It later got folded into the bigger Clarity Act, and it has since become one of the hardest sticking points as lawmakers try to move crypto legislation forward. The measure creates a safe harbor for developers who don’t hold or control customer funds. It says plainly that these developers should not count as money transmitters. Sen. Cynthia Lummis, R-Wyo., introduced the original bill earlier this year. Wyden is its only cosponsor. “Smart policy will empower law enforcement to do its job and facilitate innovation at the same time,” Wy

The post Kraken Auditor Win Reopens Crypto Debanking Fight appeared on BitcoinEthereumNews.com. Key Insights Kraken parent Payward won $22 million against Mazars USA. Mazars quit the near-complete audit despite finding no fraud. The dispute strengthened calls for CLARITY Act passage. Kraken parent Payward asked the Delaware Court of Chancery to enforce an arbitration award against Mazars USA. The crypto exchange said the auditor left its near-complete audit without fraud findings, raising fresh questions about debanking pressure. The case placed Kraken back inside a broader U.S. policy fight. Payward co-CEO Arjun Sethi tied the dispute to Operation Chokepoint 2.0 and pushed Congress to pass the CLARITY Act. Kraken Says Auditor Exit Created Business Harm Payward said Mazars withdrew from its 2022 audit days before completion. Sethi said the firm found no fraud, raised no management integrity concerns, and reported no accounting disputes. That withdrawal mattered because audits shape acc

The post CFTC Chair Urges Senate to Pass CLARITY Act Before August 7 Recess appeared on BitcoinEthereumNews.com. CLARITY-ACT News The CLARITY Act, the U.S. crypto market-structure bill, is back in focus after Commodity Futures Trading Commission Chairman Michael Selig said passage remains within reach despite Congress missing its July 4 target. In televised remarks, Selig said the legislation is “so close” and pressed lawmakers to finish the job before the August 7 recess, warning that the window for action is narrowing. A Trump appointee confirmed in December, Selig framed the bill as a matter of national competitiveness, arguing that a federal standard would replace a fragmented patchwork of state rules that he says has weighed on U.S. business and left the digital-asset industry without clear guardrails. At its core, the bill would split federal oversight of digital assets between the CFTC and the Securities and Exchange Commission, a division the industry has lobbied for over sever