Senator Lummis says China will 'write the rules' of the new financial era if CLARITY fails
The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk.
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Ethics concerns over Trump's crypto ties could stall regulatory progress, impacting bipartisan efforts for digital asset market clarity. The post Donald Trump jeopardizes Clarity Act as ethics concerns rise appeared first on Crypto Briefing.
Read full articleThe Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk.
Senator Cynthia Lummis said Congress may not get another real chance to pass digital asset legislation until 2030 if the CLARITY Act fails. Lummis, in a post on X, said Congress faces a narrow window to move the Digital Asset…
The post US Seizes $1B Iranian Crypto as Coinbase, JPMorgan Clash Over CLARITY Act appeared on BitcoinEthereumNews.com. Crypto News The United States has seized roughly $1 billion in Iranian cryptocurrency assets, Treasury Secretary Scott Bessent disclosed at the Reagan National Economic Forum on Friday. Bessent said federal authorities “outright grabbed the wallets,” adding that some Iranian holders may still be unaware their funds have been confiscated. Forensic investigators reportedly traced flows from regime-linked cold wallets using public ledger analysis. The newly announced figure roughly doubles the $500 million in Iranian crypto the Treasury disclosed seizing in late April and significantly exceeds the $344 million reported earlier this month. The operation underscores Washington’s intent to weaponize on-chain transparency against adversarial regimes. The seizures form part of Operation Economic Fury, a financial pressure campaign launched in March 2025 to choke off Tehran’s
The post Lummis warns next clarity act window is 2030 appeared on BitcoinEthereumNews.com. Senator Cynthia Lummis says the Clarity Act must pass this Congress or the next legislative window opens in 2030. Summary Lummis posted on X that the next viable window for crypto market structure legislation is likely 2030 if Congress fails to act now. The Senate Banking Committee passed the Clarity Act 15 to 9 on May 14, but a full floor vote remains uncertain before midterms. Republicans risk losing House seats in November 2026, which could shelve comprehensive crypto regulation for years. Senator Cynthia Lummis issued a stark warning on May 29, telling lawmakers the current Congress represents the final realistic window to pass comprehensive digital asset legislation before a four-year freeze sets in. In a post on X, the Wyoming senator wrote: “The next window for digital asset legislation after this Congress is likely 2030. Until then, developers remain exposed with no legal protections, and
Senator Cynthia Lummis says the Clarity Act must pass this Congress or the next legislative window opens in 2030.
JPMorgan CEO Jamie Dimon criticizes the CLARITY Act, opposing stablecoin rules and warning about regulatory gaps in crypto banking policies. JPMorgan CEO Jamie Dimon has strongly criticized the current version of the CLARITY Act. The proposed bill provides crypto companies with advantages that traditional banks do not have,” he said. Furthermore, he said banks are […] The post JPMorgan Chief Challenges Crypto-Friendly CLARITY ACT appeared first on Live Bitcoin News.
The Clarity Act's potential passage could redefine digital asset regulation, aligning federal oversight and boosting market confidence. The post SEC Chair Atkins confident Clarity Act will pass Congress appeared first on Crypto Briefing.
Dimon vowed to fight the passage of the crypto market structure bill until the bitter end.