Democrats File Anti-DeFi Amendments to CLARITY Act

Legend will keep its platform active until July 12 while users withdraw remaining balances safely. Founder Jayson Hobby said users prioritize financial outcomes over blockchain-focused branding. The company halted new onboarding after announcing the shutdown of its DeFi application. Legend to shut down on July 12 after the DeFi platform failed to achieve sustainable long-term […] The post Legend to Shut Down July 12 After Two-Year Push Into Mainstream DeFi appeared first on Live Bitcoin News.

Altcoins are showing signs of strength as the market prepares for a decisive week shaped by the CLARITY Act markup vote and price action testing key resistance levels across the board. The timing matters — and top analyst Darkfost has identified a shift in altcoin behavior that is worth paying attention to even against a backdrop that remains genuinely difficult. Related Reading: XRP Breaks $1.46 Despite $434M In Futures Selling – Discover What Comes Next The macro environment has not become friendly. US-Iran tensions continue to weigh on global risk appetite, with the ongoing conflict contributing to inflationary pressure that complicates the Federal Reserve’s path and keeps uncertainty elevated across financial markets. Against that backdrop, the fact that altcoins appear to be waking up is the notable development rather than a given. The context for what “waking up” means requires the preceding damage. The altcoin sector corrected by more than 50% — a decline driven partly by Bitcoi

The Senate Banking Committee will vote tomorrow on the new additions to the crypto bill, before deciding whether to refer it to the Senate floor.

Stand With Crypto says its advocates have contacted lawmakers nearly 1.5 million times in support of the CLARITY Act.

As the Senate Banking Committee prepares to mark up the long-anticipated CLARITY Act on Thursday, Coinbase CEO Brian Armstrong has argued that the newest version of the bill represents a workable “compromise” and could meaningfully improve the US financial system.  Speaking to FOX Business, Armstrong said the updated draft reflects concessions on both sides—what he described as the crypto industry meeting requests from bank lobbyists and lawmakers, while the banking sector also gave ground during negotiations. Coinbase CEO’s CLARITY Act Pitch Armstrong also highlighted one specific element tied to stablecoin rewards. He said the approach in the latest bill would only apply when there is “some sort of material activity on the account,” adding that he believes the overall package would make the system “more efficient.”  The claim is that the legislation would help streamline financial services, reduce friction, and make access easier for consumers and businesses—while still keeping the f

Bitcoin traders eye a possible move higher as short-term selling pressure fades and the CLARITY Act vote boosts crypto market focus.

River's integration with OKX DEX simplifies DeFi access, potentially increasing user adoption but hinges on OKX's reliability and service continuity. The post River integrates OKX DEX for one-tap swaps to satUSD appeared first on Crypto Briefing.

DeFi's security challenges spotlight the urgent need for improved risk management and secure deployment practices. The post Luke Leasure: Layer Zero’s infrastructure vulnerabilities highlight security gaps, Aave’s collateral oversight demands better risk management, and the dynamics of looping reshape DeFi borrowing | Unchained appeared first on Crypto Briefing.