Trump faces new Clarity Act test as Senate races toward key vote

U.S. Senator Ron Wyden urged Senate leaders to preserve legal protections for non-custodial blockchain developers in the Digital Asset Market Clarity Act, drawing crypto policy support while leaving his final vote on the bill uncertain. Why Is Wyden Pushing to Preserve Developer Protections? U.S. Senator Ron Wyden (D-OR) sent a letter on July 8 to […]

The post US Lawmaker Pushes Crypto Developer Protections as Senate Weighs CLARITY Act appeared on BitcoinEthereumNews.com. Key Takeaways U.S. Senator Ron Wyden urged Senate leaders to preserve protections for non-custodial blockchain developers in the CLARITY Act. Crypto policy advocates praised Wyden’s stance as a defense of software publication and open internet principles. Alex Thorn said backing developer protections does not necessarily indicate Wyden will support the broader CLARITY Act. Why Is Wyden Pushing to Preserve Developer Protections? U.S. Senator Ron Wyden (D-OR) sent a letter on July 8 to Senate Majority Leader John Thune (R-SD) and Senate Minority Leader Chuck Schumer (D-NY) urging them to retain Section 604 of the Digital Asset Market Clarity Act, in any version of the legislation brought to the Senate floor. The provision was approved by the Senate Banking, Housing, and Urban Affairs Committee. Wyden wrote: “I write to urge you to ensure that any version of the Digit

The post Paul Grewal exits Coinbase legal helm before crucial CLARITY vote appeared on BitcoinEthereumNews.com. Paul Grewal has announced that he will step down as Coinbase’s chief legal officer on July 31, handing over leadership of the exchange’s legal team just days before the US Senate is expected to resume work on the CLARITY Act. Summary Paul Grewal will leave his role as Coinbase chief legal officer on July 31 and become an adviser. Molly Abraham will become general counsel as Congress prepares to revisit the CLARITY Act. Coinbase continues pushing for crypto market structure legislation after its SEC lawsuit was dismissed. According to posts Grewal published on X and LinkedIn, he will move into an advisory role at Coinbase after serving as the company’s chief legal officer since 2020. The announcement also confirmed that legal vice presidents Molly Abraham and Ryan VanGrack will take on expanded responsibilities, with Abraham becoming general counsel and VanGrack serving as vic

Paul Grewal has announced that he will step down as Coinbase’s chief legal officer on July 31, handing over leadership of the exchange’s legal team just days before the US Senate is expected to resume work on the CLARITY Act.…

The post SEC and CFTC Vacancies Fuel Clarity Act Debate appeared on BitcoinEthereumNews.com. White House says it requested SEC and CFTC nominee names as Clarity Act talks raise pressure over vacant seats. The White House has rejected Senate Democrats’ claims over vacant minority seats at the SEC and CFTC.  In a letter to Senate leaders, it said Democratic recommendations were requested but not received. The dispute comes as Congress prepares for expected action on the Clarity Act. The bill could shape how U.S. agencies oversee digital asset markets. Senate Democrats accused the Trump administration of delaying Democratic nominees for major financial regulators.  The White House response shifted blame back toward Senate Democrats. The open seats have drawn attention from lawmakers on both sides of the aisle. Meanwhile, crypto firms are watching the process because agency leadership may shape future rules. White House Pushes Back on Nomination Claims The White House said it did not refus

White House says it requested SEC and CFTC nominee names as Clarity Act talks raise pressure over vacant seats. The White House has rejected Senate Democrats’ claims over vacant minority seats at the SEC and CFTC.  In a letter to Senate leaders, it said Democratic recommendations were requested but not received. The dispute comes as […] The post SEC and CFTC Vacancy Fight Heats Up as White House Blames Democrats for Delay appeared first on Live Bitcoin News.

The post CLARITY Act Faces CFTC Vacancy Fight Before Senate Floor Vote appeared on BitcoinEthereumNews.com. TLDR: The CLARITY Act faces a fresh political hurdle as White House officials and Senate Democrats dispute vacant SEC and CFTC seats. The CFTC vacancies matter since the crypto bill could give the agency broad authority over spot digital commodity markets. White House officials said they requested Democratic nominee names for SEC and CFTC seats but had not received a response. Senate talks now include nominations, ethics language, DeFi rules, and the timeline for passing the wider crypto bill. The CLARITY Act has moved into a new Senate pressure point as the White House and Democrats trade claims over vacant SEC and CFTC seats. White House officials told Senate leaders that the administration sought Democratic names for both agencies but had not received them. Democrats have argued that missing commissioners weaken the agencies expected to shape digital asset rules. The dispute n

The post Trump faces new Clarity Act test as Senate races toward key vote appeared on BitcoinEthereumNews.com. The Senate has entered what could be its final practical window to advance the CLARITY Act this year, with a merged draft expected as early as next week before lawmakers run out of time ahead of the August recess. Summary Senate negotiators are preparing a merged CLARITY Act draft ahead of a possible floor vote later this month. Democratic support remains uncertain as lawmakers continue talks over ethics rules, DeFi protections, and stablecoin provisions. The White House has denied blocking Democratic SEC and CFTC nominees as regulatory appointments become part of the debate. According to a CoinDesk report, Senate negotiators are preparing updated legislative text that combines proposals from the Senate Banking and Agriculture committees into a single version of the crypto market structure bill. The report said the draft is expected to add more than 70 pages of new material an