US Treasury Secretary Scott Bessent urged the Senate to pass the Clarity Act, accusing Democrats of political delays and warning the US risks losing its digital asset leadership without clear regulation. The bill aims to establish a federal framework for crypto markets.
Fidelity Investments, the world's third-largest asset manager, joins a coalition of financial and crypto firms urging the US Senate to pass the CLARITY Act, aiming to establish a clear regulatory framework for digital assets to boost investor confidence and US leadership in global crypto markets.
Crypto advocacy groups urged Senate leaders to bring the CLARITY Act to the floor before the August recess. The bill faces 60-vote threshold hurdles and remaining disputes over ethics and market structure provisions.
US lawmakers are deadlocked over ethics provisions in the Digital Asset Market Clarity Act (CLARITY), with Democrats pushing for stronger rules and state attorney general enforcement, while Republicans advocate for DOJ-led federal enforcement, potentially jeopardizing the bill's passage.
Goldman Sachs CEO David Solomon supports the US Senate's Digital Asset Market Clarity (CLARITY) Act, acknowledging it's "not perfect" but necessary for market stability. His stance contrasts with other financial leaders like Jamie Dimon and many Democrats, who raise concerns about investor protection and ethics provisions related to presidential crypto investments.
The White House agreed to ethics provisions in the Digital Asset Market Clarity (CLARITY) Act, potentially securing Democratic support for the crypto market structure bill in the Senate. The deal, reached with Republican Senators Lummis and Moreno, could impact former President Trump's crypto investments and comes as Bitcoin prices climb amid legislative talks.
The US Senate is nearing a vote on the Digital Asset Market Clarity (CLARITY) Act, a comprehensive crypto bill. Negotiations have added customer protections, but ethics concerns persist among Democrats, particularly regarding President Trump's ties to the crypto industry and his support for the legislation.
Bitcoin faced resistance at $65,000 as US tech stocks experienced a record sell-off by hedge funds, and geopolitical tensions from the US-Iran conflict weighed on risk assets. Despite this, some traders remain optimistic for BTC to reach $70,000 in coming weeks.
Senator Ron Wyden is pushing Senate leaders to retain the Blockchain Regulatory Certainty Act (BRCA) in upcoming crypto market structure legislation. He argues that developers of non-custodial software should not be treated as money transmitters, emphasizing the need for innovation and US competitiveness.
Donald Trump defended earning $1.4 billion from crypto ventures while in office, stating "nothing illegal" about his investments. His 2025 financial disclosure report revealed over $2 billion in income, with a significant portion tied to memecoins and other crypto projects, drawing criticism from advocacy groups.
The CLARITY Act, aiming to regulate cryptocurrencies, faces an uncertain path in the US Congress due to President Trump's veto threats and impending summer breaks, despite Senate committee approvals.
Bitcoin’s drop below $60,000 reveals a fragile market setup, with large BTC transfers to exchanges, rising open interest, and institutional traders building defensive positions, indicating potential for amplified volatility.
Crypto firm 21Shares conceded that Bitcoin's four-year cycle has not broken as predicted, despite market structure changes like institutional ETF ownership leading to a milder drawdown. Many of its other crypto predictions, including for ETF AUM and DeFi TVL, have fallen short, though prediction market volumes remain on pace.
The Solana Foundation launched Frontier Traders, a program offering VIP rebates and infrastructure support to professional traders. It aggregates activity across Solana venues, aiming to make the chain itself a competitive trading surface, akin to how large centralized exchanges attract flow.
TD Securities highlights upcoming index rebalancing dates for SpaceX post-IPO, emphasizing their importance for investors. Despite not being fast-tracked into the S&P 500, SpaceX's inclusion in other indexes like Nasdaq 100 is crucial.
Galaxy Digital reduces probability of Senate passing crypto bill (CLARITY Act) by 2026 to 60% from 75%, citing closing legislative window before August recess and unresolved provisions.
The US Senate is set to resume consideration of the CLARITY Act, a crypto market structure bill passed by the House. The bill, which aims to give more authority to the commodities regulator over digital assets, faces debate over stablecoins and ethics provisions, with a potential Senate vote by August.
JP Morgan CEO Jamie Dimon opposes the Clarity Act, criticizing Coinbase CEO Brian Armstrong for spending hundreds of millions to support it, particularly over stablecoin yield regulations.
Bitcoin's price surge to $82,400 was rejected at the 200-day moving average, a key technical indicator. This pullback to $76,000 mirrors a 2022 pattern, suggesting underlying market weakness despite some on-chain data nuances.
Bitcoin dropped below $78,000, wiping out $80 billion in market value and triggering $980 million in liquidations. The decline, exacerbated by weakening ETF demand and macroeconomic pressures, tested market structure despite positive regulatory news.
A US Senate crypto market structure bill, crucial for regulatory clarity, faces an August deadline. Delays and potential midterm election shifts risk its passage, with experts suggesting a post-election lame-duck session as a possibility if Republicans retain Senate control.
The US Senate Banking Committee voted 15-9 to advance the Digital Asset Market Clarity Act (CLARITY), aiming to establish regulatory clarity for crypto markets, with Republicans and two Democrats supporting it amid concerns over consumer protection, innovation, and national security.
The Senate Banking Committee's CLARITY Act, aimed at regulating crypto markets, faces over 100 amendments ahead of markup, testing fragile compromises on stablecoins, banking, and crypto industry interests.
The Senate Banking Committee is set to markup the Clarity Act, a comprehensive crypto market structure bill, amidst intense lobbying from both the crypto industry and traditional financial institutions, particularly over stablecoin regulations.
