A DeFi advocacy group has warned about a list of proposed amendments to the long-awaited crypto market structure bill that threaten the sector’s developers and hinder innovation in the US. Related Reading: Bitcoin Rally At Risk: This Critical Resistance Could End BTC’s Bullish Run CLARITY Act Amendments Could Harm The DeFi Sector On Wednesday, the DeFi Education Fund (DEF) shared a list of 16 “anti-DeFi amendments” to the Senate Banking Committee’s crypto market structure bill, known as the CLARITY Act, ahead of its highly anticipated Thursday markup session. In an X post, the advocacy group warned that some of the recent amendments submitted for consideration could harm DeFi technology, users, and developers if they are implemented in the final text of the legislation. These amendments came from Democratic Senators Catherine Cortez Masto, Andy Kim, Chris Van Hollen, Elizabeth Warren, and Jack Reed, who collectively targeted core DeFi protections in the bill. Some of the most notable
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Schwartz says Bitcoin mining incentives create costly user-miner conflicts. XRP Ledger avoids mining rewards to reduce fees and centralization risks. Bitcoin and XRP declined despite renewed debate over blockchain efficiency. The long-running debate between Bitcoin and XRP gained fresh attention after Ripple CTO David Schwartz revisited his criticism of Bitcoin’s incentive structure. During a detailed presentation, Schwartz argued that Bitcoin’s proof-of-work model creates costly friction for users and miners alike. He also claimed the XRP Ledger offers a more efficient approach by reducing reliance on artificial incentives. Schwartz explained that blockchain systems need eventual agreement to function properly. Without consensus, users could not trust transactions or transfer value securely. However, he argued that Bitcoin solves this challenge through expensive mining competitio
The scrutiny of Altman's investments could impact OpenAI's IPO valuation and raise broader concerns about regulatory risks in tech markets.
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Homepage > News > Business > Latest (last?) CLARITY draft sparks last-minute stakeholder push Congress released the latest draft of its digital asset market structure legislation, and stakeholders have been frantically scrambling to ensure their voices are heard before Thursday’s markup session. Late Monday night, the Senate Banking Committee released the latest draft of its digital asset market structure bill (CLARITY Act). The 309-page draft will be marked up by the committee on Thursday, May 14, and those wishing to make changes to its text had until 5:00 pm ET on Tuesday to submit proposed amendments. Rest assured, there will be amendments (and possibly blood). The committee’s Republican leaders also issued a CLARITY fact sheet that does the hard-sell on reasons why the bill should be approved by committee members (after which it must be reconciled with the version approve
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The U.S. Senate Banking Committee is readying for a notable vote on the crypto market structure bill, also known as the CLARITY Act. Particularly, before this vote, the U.S. Senate Banking Committee has reportedly received a staggering swarm of over 100 amendments for the draft legislation. U.S. Senate Banking Committee Receives Over 100 Amendments to Crypto Market Structure Bill According to Politico, ahead of the U.S. Senate Banking Committee’s markup vote on the crypto market structure bill, the CLARITY Act, committee members have submitted more than 100… pic.twitter.com/6yH0SH7Rgc — Wu Blockchain (@WuBlockchain) May 13, 2026 As per the reports, the rising number of such revisions underscores the increasing divisions between the Senate members over the regulation of the digital asset mechanisms in the U.S. Additionally, many senators are favoring more strin
The event highlights the critical role of social consensus in blockchain governance, emphasizing the balance between decentralization and control.
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Regulatory clarity could unlock trillions in institutional capital, impacting global crypto competitiveness and encouraging U.S. market participation.
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The outcome of Armstrong's advocacy could shape the US as a leader in crypto innovation or push the industry to more favorable global markets.
The post Coinbase CEO Brian Armstrong heads to Senate to advocate for crypto market structure bill appeared first on Crypto Briefing.
