Senate’s 60-Vote Gap Looms Over CLARITY Act Before August Recess
The House Financial Services Committee has scheduled back-to-back hearings on July 14 and July 17, one covering Federal Reserve monetary policy, the other focused directly on the CLARITY Act. This is giving supporters of comprehensive crypto regulation…
US Department of War Seeks $80 Billion for Iran War as Deficit Fears Boost Bitcoin’s Case
The U.S. Department of War has told lawmakers it needs $80 billion to cover the war in Iran and other bills, a request that deepens the deficit worries that bitcoin proponents cite as the asset’s reason to exist. Deputy Defense Secretary Stephen Feinberg…
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…
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…
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…
Cynthia Lummis Appointed Chair of U.S. Senate Banking Subcommittee on Digital Assets
Senator Cynthia Lummis has been appointed as the chair of the newly established U.S. Senate Banking Subcommittee on Digital Assets. This announcement marks a pivotal moment in the legislative landscape, as the subcommittee aims to advance bipartisan…