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Tag: Regulation

Senate Delays Clarity Act Vote to September as Democrats Block Pre-Recess Action

Senate Majority Leader John Thune confirmed the Clarity Act procedural vote is delayed until September. Democrats insisted on no vote before the August recess amid midterm election concerns. The bill requires 60 votes and faces unresolved issues including ethics provisions and stablecoin rewards. Industry groups pledge to continue negotiations ahead of the limited September legislative window. The U.S. Senate will not vote on the Digital...

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BlackRock Launches Two Tokenized Money Market Funds Aimed at Stablecoin Reserves

BlackRock launched the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) and OnChain Shares of its Select Treasury Based Liquidity Fund (BSTBL) on Monday. Both products invest in cash, short-term U.S. Treasuries and Treasury-backed repos and are structured to qualify as eligible reserve assets under the GENIUS Act. BSTBL OnChain Shares are issued on Ethereum with BNY as transfer agent; BRSRV supports multiple blockchains...

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Clarity Act Passage Odds Hit Record Low on Polymarket Amid Senate Ethics Standoff

Clarity Act Passage Odds Hit Record Low on Polymarket Amid Senate Ethics Standoff

Polymarket odds for the Digital Asset Market Clarity Act to pass by year-end 2026 have fallen to a record low of 32% as Senate negotiations stall over ethics provisions. The bill seeks to clarify SEC and CFTC jurisdiction over digital assets and has advanced through key Senate committees but requires broader Democratic support. Blockchain Association CEO Summer Mersinger warned against letting ethics disputes derail the...

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ECB Selects 36 Providers for Digital Euro Pilot Launching in2027

ECB Selects 36 Providers for Digital Euro Pilot Launching in 2027

The European Central Bank (ECB) selected 36 payment service providers (PSPs) from over 50 applicants to participate in the digital euro pilot, set to begin in the second half of 2027 for 12 months. Participants include major banks like Deutsche Bank and UniCredit, as well as fintechs such as Revolut, offering broad geographical and business model diversity. The pilot will test person-to-person and person-to-business payments...

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U.S. Government Transfers 8 Million in Seized Bitcoin and Ether to Coinbase Prime

U.S. Government Transfers $288 Million in Seized Bitcoin and Ether to Coinbase Prime

U.S. government-linked wallets transferred ~$288 million in seized crypto, including BTC from Farace and BTC-e cases and ETH from a laundering scheme, to Coinbase Prime. Bitcoin routed through fresh intermediary wallets before deposit; ether sent directly, consistent with institutional custody flows. Move aligns with Coinbase Prime’s role as custodian for government assets but occurs despite Trump’s March 2025 executive...

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