Trump White House rejects SEC snub claims before CLARITY showdown

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. According…

The post CLARITY Act Stalls in Senate With 50/50 Odds Before August Recess appeared on BitcoinEthereumNews.com. CLARITY-ACT News The U.S. Congress has failed to meet its deadline for passing the CLARITY Act, the market-structure bill that would define how digital assets are regulated across the country. Nearly a full year after the House of Representatives cleared its version, the Senate remains locked in intensive negotiations, with analysts placing only 50/50 odds that the legislation advances before the August recess. The delay leaves investors and developers without the legal certainty many have waited on, prolonging conditions that can amplify volatility across the broader altcoin market. For now, the American framework hangs on a set of unresolved banking and political disputes that lawmakers have been unable to close. Senator Cynthia Lummis, who chairs the Senate subcommittee steering the effort, described the talks as relentless, saying negotiators have been in intensive sessio

The post With SEC fight over, Coinbase’s top legal exec Grewal moves on, and others reassigned appeared on BitcoinEthereumNews.com. Coinbase Chief Legal Officer Paul Grewal is leaving the company after its high-profile, years-long legal fight with U.S. regulators, and the U.S. exchange also announced further changes to its senior leadership. Grewal is departing to work at a startup, according to a Thursday announcement from Coinbase. Molly Abraham will now lead the company’s legal team as general counsel, and Ryan Van Grack will become vice chairman, in what’s anticipated to be a broader and more public-facing role. “Leading Coinbase’s legal team through the biggest fight of our industry has been the single greatest achievement of my six-year tenure,” Grewal said in a statement. “Our legal wins helped ensure crypto not only had a future in this country, but could flourish.” His statement continued on to say he would continue as an adviser to Coinbase, and would work on Coinbase’s trust

The post Hyperliquid Policy Center And Phantom Pressure CFTC To Modernize Onchain Software Rules appeared on BitcoinEthereumNews.com. The push to get U.S. regulators to adapt their rulebooks to onchain reality just gained new momentum. Hyperliquid Policy Center (HPC) and Phantom submitted a joint comment letter to the Commodity Futures Trading Commission, as detailed in the original report. The letter asks the agency to modernize its regulatory framework so that publishing onchain protocol software does not, by itself, trigger registration requirements. The filing arrives at a delicate moment for decentralized exchange infrastructure. Hyperliquid has grown into a leading derivatives venue built entirely on a self-custodial model, while Phantom’s non-custodial wallet reaches millions of users across Solana, Ethereum, and Bitcoin. Together they represent a growing cohort of protocols that argue the CFTC’s existing rules were written for custodial intermediaries—centralized order books, b

The post Hyperliquid Urges CFTC to Exempt DeFi From Legacy Rules in July 9 Filing appeared on BitcoinEthereumNews.com. Hyperliquid News The Hyperliquid Policy Center (HPC), together with non-custodial wallet provider Phantom, has formally asked the US Commodity Futures Trading Commission (CFTC) to stop treating decentralized finance like traditional financial intermediaries. The joint comment, filed ahead of the agency’s July 9 deadline, argues that on-chain protocol software and self-custody wallets are tools, not brokers, and that the derivatives rulebook was never written for them. The filing responds to a Request for Information the CFTC issued on June 18, which invited the industry to identify rules that obstruct financial technology. HPC frames the submission as squarely within the commission’s existing authority to act. The comment lays out three concrete requests. First, it asks the CFTC to confirm that publishing on-chain protocol code does not, by itself, require registration

SEC personnel announcements are easy to ignore until enforcement priorities start showing up in the market. The agency’s Chicago Regional Office appointment matters because regional offices are part of the enforcement ma

Modernizing CFTC rules could foster US-based onchain derivatives innovation, reducing offshore reliance and enhancing market efficiency. The post Phantom and Hyperliquid urge CFTC to modernize onchain derivatives rules appeared first on Crypto Briefing.

The post White House Says it Received no Democratic Response Related to SEC, CFTC Vacancies appeared on BitcoinEthereumNews.com. White House officials claimed that they had “not received names” in response to requests to Senate Democrats for potential commissioners to two US financial regulatory agencies. In a Thursday letter to US Senate majority leader John Thune and minority leader Chuck Schumer, White House officials said that they had already solicited names from Senate Democrats for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The leadership panels of both financial agencies are understaffed, with only Republican members nominated and confirmed by the Senate. The letter came in response to a June 10 request from 12 Senate Democrats over staffing concerns at US federal agencies, including the SEC and CFTC. Although US President Donald Trump has put forward some Democratic names for positions at agencies, including the National Labor