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.
XRP has retreated toward $1, testing a critical support level amid a market-wide selloff, with leveraged positions disappearing, derivatives activity contracting, and investors increasingly selling at a loss.
Cryptocurrency markets lost ~$80 billion in 24 hours after US military strikes on Iran, with Bitcoin falling 3.5% to a six-week low of $72,646 and Ether dropping below $2,000 amid heightened geopolitical risk.
Vietnam plans to launch its regulated crypto asset market by Q3 2026, with five local companies shortlisted to operate the country's first regulated crypto exchange, aligning with its digital economy strategy targeting 30% GDP by 2030.
