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
The lawmakers continue their efforts in refining the CLARITY Act. It was expected that there would be updates regarding enforcement of the law on July 4. But the Senate did not offer any information on the law, leaving the media and citizens in despair. And, as a part of the
The Major County Sheriffs of America has changed its stance on the Blockchain Regulatory Certainty Act amid ongoing legislative deliberations. According to Eleanor Terrett’s post on X, the discussions are still ongoing with regard to Section 604 of the larger Clarity Act. This is a deviation from the initial stance
John Thune, the leader of the U.S Senate majority, said that lawmakers may consider delaying the legislation on the crypto market structure until April. He said that the Senate Banking Committee may consider it later. Since lawmakers are currently busy working on other pressing issues. The proposed legislation, known as
A move by US Senate Democrats and Republicans to pass a wide-ranging housing bill. They added a new section that prohibits the Federal Reserve from launching a retail central bank digital currency, or CBDC. The section of the bill would prevent the Fed from launching a digital version of the
The Senate Democrats from the U.S. Senate issued a formal letter requesting that the Department of Justice and the Treasury Department conduct a comprehensive investigation into Binance’s sanctions compliance and illicit finance controls. The lawmakers are concerned regarding reported transaction flows to entities affiliated with sanctioned Iranian groups. The senators
The United States Securities Exchange Commission hinted at the prospect of regulating prediction markets under federal security laws. There is increased interest in the industry, prompting action by the SEC. Officials of the SEC stated that some contracts may fall under the investment contract provision of the Howey Test. The
