Coinbase CEO Brian Armstrong has pushed back against an upcoming Wall Street Journal story that he says is preparing to blame Coinbase and him personally for the failure of the CLARITY Act to advance in the U.S. Senate. “Here we go again!” Armstrong wrote in a recent X post. He
The largest crypto, Bitcoin, is trading around $75,700 on Wednesday after another move lower, with BTC briefly falling below $75,000 before recovering part of the loss. The decline follows a combination of the U.S. Senate’s failure to advance the CLARITY Act, heavy ETF outflows and growing caution ahead of the
According to the former chairman of the CFTC, J. Christopher Giancarlo, the failure of the Senate’s CLARITY Act does not mean that innovation in crypto will be stopped in the United States. In an interview with Eleanor Terrett, Giancarlo mentioned that the regulators will still work on creating frameworks for
Ripple CEO Brad Garlinghouse defended the crypto CLARITY Act framework ahead of today’s Senate vote, stating that the bipartisan policy trades made to build the bill “weren’t small.” Brad Garlinghouse has thrown his support behind Treasury Secretary Scott Bessent’s latest push for the CLARITY Act, urging the Senate to move
The Senate Democrats have already drafted a response proposal in light of the new version of the CLARITY Act. The negotiation process seems incomplete prior to a critical vote in the Senate. The Republican crypto bill has been finalized by the Republicans on Sunday. It was announced to be their
The updated version of the U.S. CLARITY Act imposes requirements on centrally controlled crypto algorithms before the September 15 vote. The proposal was introduced by Senator Cynthia Lummis and Republicans in the Senate, following discussions with Democrats. According to Lummis, the Republicans included more than 114 measures from the Democrats’
White House to Meet Crypto and Prediction Market Executives on August 19, Reports Politico. However, there is no disclosure of the agenda and names of attendees. Further, it is unclear whether President Trump will attend the meeting. This meeting is taking place at a time when Congress is facing difficulties
The United States Senate postponed deliberation on the Clarity Act to September due to the legislative priority of other business before the recess. The House passed the cryptocurrency market structure bill, and it now awaits Senate approval. Time pressure caused the postponement, not an official withdrawal of the bill. After
The Senate released Monday’s schedule without including the CLARITY Act, pushing the cryptocurrency legislation into a critical week. The focus has moved away from the policy debate to the procedural aspect of the process amid efforts by supporters to beat the clock in the run-up to the August recess period
Institutional support for cryptocurrencies is continuing to grow as lawmakers find themselves with less and less time to pass legislation on digital assets. Franklin Templeton, which manages about USD 1.79 trillion in assets, has now added its endorsement to the CLARITY Act, another financial institution supporting the framework of US
