US Senate Drops 309-Page Crypto CLARITY Act Draft Ahead of May 14 Vote

Ending the SEC's gag rule could lead to increased public disputes over settlements, impacting regulatory strategies and corporate reputations. The post White House reviews SEC plan to end gag rule on settlements appeared first on Crypto Briefing.

The post Senate Unveils New 309-Page CLARITY Act Draft Before Vote appeared on BitcoinEthereumNews.com. New CLARITY Act draft has been released which aims at fixing key crypto industry concerns. Ethics rules remains unclear, leaving Democrat support uncertain. Surprise housing bill inclusion adds controversy before vote. The US Senate Banking Committee has released a new 309 page draft of the Digital Asset Market Clarity Act, also known as the CLARITY Act, which is setting the stage for Thursday’s pivotal markup vote as per well-known crypto journalist Eleanor Terrett. Committee members now have until close of business Wednesday to file for any amendments before the executive session commences. The release has come after months of deadlock and negotiations that took place at the last minute. Industry stakeholders are watching closely and are waiting to see if Democrats will support the revised bill or not. Stablecoin Yield Compromise Addresses Coinbase CEO’s Core Concern In the new dra

The post Senate Banking Committee Unveils 309-Page Crypto Clarity Act Draft appeared on BitcoinEthereumNews.com. The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research. The US Senate Banking Committee released a 309-page Crypto Clarity Act draft. It defines SEC and CFTC roles while adding strict stablecoin yield rules. Source: https://cryptoticker.io/en/us-senate-banking-committee-crypto-clarity-act-draft/

The post Ethereum Price Outlook After Bitmine’s Massive 26,659 ETH Purchase appeared on BitcoinEthereumNews.com. Ethereum price remained under pressure as the broader crypto market traded cautiously over the past 24 hours. Bitcoin price hoveres above $81,000, while other major digital assets were in a sideways mode as activity was weak. Investors are also closely monitoring the Senate Banking Committee vote, which could affect the future of crypto regulation and stablecoins. Bitmine Acquires 26,659 ETH As Holdings Reach 5.2 Million Ethereum price has continued to lag the broader cryptocurrency market after dropping by 1.05% to $2,310 in the previous 24 hours. Bitmine Immersion Technologies announced another substantial investment in the Ethereum network that garnered investor interest despite the drop. Last week, the company unveiled that it purchased 26,659 ETH, raising its overall holding to 5,206,790 ETH. This amount equates to almost 4.31% of all Ethereum in circulation, further ce

The post Grayscale Zcash spot ETF filing tests SEC privacy coin policy appeared on BitcoinEthereumNews.com. Grayscale is pushing the Grayscale Zcash spot ETF into the U.S. regulatory pipeline, a move that could test whether privacy-focused crypto assets are finally getting a path into mainstream finance. The asset manager filed a Form S-3 with the SEC to convert its existing Zcash Trust into a spot exchange-traded fund, with plans for it to trade on NYSE Arca under the ticker ZCSH. That headline lands with extra force because the proposed fund would hold actual ZEC, not futures or indirect exposure. It would track the CoinDesk Zcash Price Index minus fees, giving investors a structure that looks much closer to the spot crypto ETFs that have drawn broad attention across the market. And while approval is still not in hand, the filing immediately puts Zcash — one of crypto’s best-known privacy coins — into a new category of regulatory scrutiny and potential legitimacy. Grayscale seeks to

Grayscale is seeking to convert its Zcash Trust into a spot ETF as ZEC gains from privacy demand, SEC clarity, and Multicoin interest.

The American Bankers Association (ABA) is pressing for big changes to the Clarity Act, claiming the crypto market structure bill could put bank deposits at risk of losing ground to stablecoins. Last week, the Senate Banking Committee announced it had scheduled a new markup session to consider the potential legislation. Over the weekend, ABA President […] The post Bank Lobbyists Strike Out Against Clarity Act, Say Bill Would Risk ‘Flight of Bank Deposits’ Into Payment Stablecoins appeared first on The Daily Hodl.

The Senate Banking Committee has unveiled a new draft of the Clarity Act days before a scheduled markup vote, reopening negotiations over stablecoin oversight, DeFi protections, and ethics rules tied to federal officials’ crypto activities. According to a statement released…