Investing Cryptocurrency News·
The crypto market is facing its most significant regulatory test in years as the US Senate Banking Committee prepares to vote on the CLARITY Act today, Thursday, May 14. The markup session that will determine whether the most comprehensive digital asset legislation in American history advances toward a full Senate floor vote begins with bipartisan […]
After months of negotiations involving the crypto industry, the banking sector, and lawmakers who had been publicly calling for changes, the long-awaited CLARITY Act has cleared a major step toward becoming law. The measure advanced with support across party lines in the Senate Banking Committee, winning the last pre–full Senate vote hurdle ahead of the […]
The landmark crypto bill now passes onto the Senate floor for final approval, though many hurdles remain.
Senate Democrats intensified efforts to challenge the CLARITY Act, warning the crypto market structure bill could leave major illicit finance vulnerabilities unresolved. The push to challenge the legislation coincided with a separate request for a federal investigation into World Liberty Financial. Lawmakers Warn CLARITY Act Could Widen Crypto Finance Gaps Senate Democrats intensified criticism of […]
Kevin Warsh wins Senate confirmation as Fed chair in a 54-45 vote before the Senate’s key CLARITY Act crypto markup.
The post Coinbase CEO backs CLARITY Act before Senate markup appeared on BitcoinEthereumNews.com. Coinbase CEO Brian Armstrong has backed the latest version of the Digital Asset Market Clarity Act before the Senate Banking Committee’s Thursday markup. Summary Armstrong says latest CLARITY Act draft has stronger bipartisan footing before Thursday Senate markup vote. Stablecoin yield compromise allows activity-based rewards while banning passive payments for simply holding tokens alone. HarrisX poll shows 52% support CLARITY Act, while 11% oppose passage before Thursday’s markup vote. His comments mark another shift in the long-running debate over U.S. crypto market rules. Armstrong said the bill is now in its strongest position after months of talks between lawmakers, banks and crypto firms. Meanwhile, the main change centers on stablecoin yield. Armstrong said banking and crypto groups reached a “healthy compromise” brokered by Senators Thom Tillis and Angela Alsobrooks. He said both
Brian Armstrong backs the CLARITY Act before Senate markup as stablecoin yield, DeFi and CFTC changes revive crypto market bill talks today.
The post Brad Garlinghouse Says Crypto Regulation Is “Closer Than Ever” as Senate Votes on CLARITY Act appeared on BitcoinEthereumNews.com. The post Brad Garlinghouse Says Crypto Regulation Is “Closer Than Ever” as Senate Votes on CLARITY Act appeared first on Coinpedia Fintech News The U.S. crypto industry is heading into one of its biggest regulatory moments yet as the Senate Banking Committee prepares to vote Thursday on the CLARITY Act, a major crypto market structure bill designed to finally bring clear rules to digital assets after years of uncertainty between the SEC and CFTC. The legislation would define which crypto assets qualify as securities and which fall under commodities regulation, while also setting compliance rules for exchanges, brokers, dealers, stablecoins, and self-custody protections. The bill also includes anti-money laundering requirements and new oversight for Bitcoin ATMs. Amid the growing momentum, Brad Garlinghouse said the industry is now “as close to the
