The Digital Chamber CEO urges Senate to pass CLARITY Act to reduce financial costs

The Clarity Act's potential to limit crypto oversight could hinder law enforcement's ability to combat financial crimes effectively. The post Law enforcement groups raise concerns over Clarity Act provisions that could weaken crypto oversight appeared first on Crypto Briefing.

Cody Carbone of The Digital Chamber testified Tuesday before the Senate Banking Committee that passing the CLARITY Act is a prerequisite for reducing financial friction costs that fall hardest on lower-income households, as no Senate floor vote has yet been scheduled.

Crypto industry advocate Cody Carbone has renewed calls for lawmakers to advance the CLARITY Act as Senate debate over the legislation continues without a scheduled floor vote. According to testimony delivered by Carbone, chief executive of The Digital Chamber, at…

Close to 100 Catholic bishops and church leaders have sent a letter to Senate leadership opposing the CLARITY Act, arguing that a provision shielding non-custodial developers from money-transmitter rules would weaken federal safeguards against human trafficking and other financial crimes.

A Trump White House official is negotiating an ethics compromise on the CLARITY Act with Senate Democrats, the last major sticking point before a floor vote, as Senator Cynthia Lummis says the US is finally close to getting digital asset legislation right.

Ric Edelman has predicted that up to 95% of institutions without crypto exposure could enter the market if the CLARITY Act becomes law. In a recent interview, Edelman said the disconnect between crypto prices and industry activity has become increasingly…

Strive CEO Matt Cole reveals an 18-month cash reserve strategy for SATA preferred stock, designed to sustain its 13% APR dividends through Bitcoin bear The post Strive CEO details 18-month cash reserve strategy for SATA preferred stock appeared first on Crypto Briefing.

The CLARITY Act has faced fresh opposition from a trafficking prevention group as Senate lawmakers continue weighing the crypto market structure bill ahead of a narrowing legislative window this year. According to a letter obtained by Punchbowl, the Alliance to…