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Tag: News

Senate faces 60-vote Clarity Act test as banks and state AGs resist final draft

The Senate is scheduled to hold a cloture vote Tuesday afternoon on the motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act, a step that requires 60 votes. Republicans released a final substitute they say includes 126 changes requested by Democrats, plus ethics limits President Donald Trump agreed to accept. A bipartisan group of 18 attorneys general and eight banking trade groups urged senators to reject or tighten the...

Crypto regulation, Cryptocurrencies, News, Regulation

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Senate Republicans Release Final Clarity Act Draft Ahead of Tuesday Cloture Vote

Senate Republicans released a 635-page final draft of the Digital Asset Market Clarity Act that they said includes 126 changes requested by Democrats. President Donald Trump agreed to expanded ethics restrictions covering federal officials, judges and their spouses. Cloture on the motion to proceed is scheduled for Tuesday at 2:15 p.m. ET and requires 60 votes. The draft gives the Treasury secretary circuit-breaker authority if payment...

Crypto regulation, Cryptocurrencies, News, Regulation

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Revolut Confirms KYC and Bitcoin Records Exposed After Fake Government Request

Revolut confirmed an unauthorized party used a mailbox on a legitimate government agency domain to obtain customer records. Customer notices list passports or driver’s licenses, verification selfies, IBANs, withdrawal records and full Bitcoin transaction histories. The firm said a limited number of customers were affected, funds were not compromised, and the exact headcount and agency have not been named. Onchain investigator ZachXBT said the...

Cryptocurrencies, Hacks, News

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Bitcoin Rebounds Above $79K Following Latest Consumer Price Index Release

Bitcoin climbed back above the $79,000 threshold following the release of the latest U.S. Consumer Price Index (CPI) inflation data. The macroeconomic update sparked heightened volatility across crypto markets as traders re-evaluate Federal Reserve interest rate expectations. Derivatives markets noted a wave of short liquidations as the leading digital asset erased recent intraday losses. Bitcoin reclaimed ground above the $79,000 mark on...

Breaking, Cryptocurrencies, News

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Circle Proposes $400 Million Acquisition of Cross-Border Payment Firm Tazapay

Stablecoin issuer Circle is reportedly in advanced discussions to acquire cross-border payment platform Tazapay for approximately $400 million. The potential acquisition aims to expand Circle’s regulatory footprint and strengthen its global payment and settlement capabilities. The deal highlights ongoing consolidation within the crypto payments sector as stablecoin adoption accelerates globally. Stablecoin issuer Circle has reportedly...

Breaking, Cryptocurrencies, News

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