Senate CLARITY Act Faces 3 Blockers With Under 9 Days Until July 4 Recess
Senator Bill Hagerty told FOX Business on June 18 that he still hopes the Digital Asset Market Clarity Act can clear the Senate before the July 4 recess, even while conceding the bill may slip past Independence Day. His optimism lands against a wall of…
Casinos, Tribes, and Unions Urge Senate to Ban Sports Betting From the Clarity Act
A coalition of more than 50 gaming associations, tribal governments, and labor unions submitted a letter to the Senate on June 16, demanding that the Digital Asset Market Clarity Act include explicit language banning prediction markets from offering…
CLARITY Act July 4 Deadline Dead as Ethics and Section 604 Talks Collapse
Bipartisan negotiations on the CLARITY Act fractured on two fronts simultaneously last week. A closed-door ethics session collapsed Tuesday without agreement, and a White House-convened law enforcement meeting on Section 604 ended Wednesday with no…
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a yen-backed crypto stablecoin by the end of Japan fiscal year 2026, March 2027. The stablecoin will be issued under a trust…
Ripple CEO Accused Jamie Dimon of Lying About CLARITY Act And Called Out $20Bn Reason Why
Ripple CEO Brad Garlinghouse went directly at JPMorgan chief Jamie Dimon on Fox Business Wednesday, accusing him of ‘intentional misrepresentation’ over the CLARITY Act, the pending Senate legislation that would establish a comprehensive…
SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks
The SEC just removed the single biggest legal obstacle standing between Crypto DeFi and US equity markets. On June 11, the agency formally proposed to rescind Rule 611 of Regulation NMS, the trade-through prohibition that has governed stock order routing…
JPMorgan, Citi, and Bank of America Just Built a Tokenized Payment Network to Kill Stablecoins
JPMorgan, Citi, Bank of America, and Wells Fargo are building a shared Tokenized Deposit Network to challenge stablecoins. It goes through The Clearing House, targeting a first-half 2027 launch, and the Federal Reserve is the audience that matters most.…
Liquidity Bifurcated: CLARITY Act Foreign Adversary Risk Premium Explained
The CLARITY Act (Digital Asset Market Clarity Act) includes provisions addressing national security and foreign adversary risks in digital asset markets. It advances a broader regulatory framework for cryptocurrencies, distinguishing between SEC…
South Korea Makes First DEX Rug Pull Arrest in Catfi Case
South Korea, Seoul Southern District Prosecutors’ Office has arrested and indicted operators behind Catfi. This is the country’s first-ever rug pull prosecution tied to a decentralized exchange. The case, brought under the Virtual Asset User…
Clarity Act Chaos? Automating Compliant Crypto Yield with AI
The U.S. Senate is moving to unbanned passive stablecoin yield from every regulated platform in the country, as the industry is already engineering its way around it. The CLARITY Act has previously extended a yield prohibition that the earlier Genius Act…