Senate Banking Committee Advances CLARITY Act in Bipartisan Vote
Senate Banking Committee advances CLARITY Act 15-9 with two Democrats joining Republicans.
Bill provides clearer SEC/CFTC jurisdiction split, digital commodity classifications, and DeFi protections.
Next steps include merger with Agriculture Committee bill and full Senate vote requiring 60 votes.
Market reaction positive, with Bitcoin reclaiming $81,000 and XRP/DOGE surging.
The U.S. Senate Banking Committee advanced the D…
U.S. spot Bitcoin ETFs see $630 million outflow as inflation data triggers risk-off shift
U.S. spot Bitcoin ETFs recorded a net outflow of $630.4 million on Wednesday, marking the largest single-day redemption in over three months.
The exit was driven by surging inflation data, with April PPI hit…
Clarity Act Draft Drops: What It Means for Crypto Regulation and Stablecoins
Senate Banking Committee publishes 309-page Clarity Act text, outlining digital asset market structure rules ahead of May 14 markup.
Bill clarifies CFTC/SEC jurisdiction, protects DeFi developers, and includes stablecoin yield restrictions while preserving certain transactional rewards.
Democrats push for ethics provisions; Republicans emphasize consumer protection and illicit finance combat.
Parallel developments include Circle’s…
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Banking Groups Push Back on Clarity Act Stablecoin Yield Compromise
Banking trade groups are opposing a bipartisan compromise in the Clarity Act designed to settle the dispute over stablecoin yield.
The proposed lan…
