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#CLARITY Act

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U.S. Clarity Act Failure Gives Asia and Middle East a Competitive Edge, Says Apex Group CEO
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U.S. Clarity Act Failure Gives Asia and Middle East a Competitive Edge, Says Apex Group CEO

Key Highlights The U.S. Senate failed to advance the Clarity Act in September after falling short of the required 60 votes amid disagreements over ethics rules and stablecoin rewards. Ongoing domestic legislative deadlock leaves companies building blockchain-based financial products facing persistent regulatory ambiguity in the United States. Global financial service providers are expanding abroad, with ...

Cody Carbone Weighs In on the Clarity Act’s Impact on Crypto
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Cody Carbone Weighs In on the Clarity Act’s Impact on Crypto

Key Highlights The Digital Chamber is intensifying advocacy efforts to secure clear and predictable stablecoin regulations in Washington. Market participants and developers are facing operational uncertainty amid mixed regulatory signals across the digital asset ecosystem. Stakeholders are actively monitoring the potential impact of proposed legislative efforts, including the Clarity Act, on compliance and market dynamics. ...

Crypto Market Cap Hits $3 Trillion: Why ETF Inflows May Not Prevent a Crash
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Crypto Market Cap Hits $3 Trillion: Why ETF Inflows May Not Prevent a Crash

Key Highlights: The digital asset market rebounded in Q3, adding $840.1 billion in market capitalization amid spot ETF inflows and macroeconomic shifts. Average daily trading volume dropped 8.6% quarter-over-quarter to $73.3 billion, raising questions about rally participation despite late-quarter momentum. Ethereum outperformed major peers with a 71% quarterly surge, buoyed by $3.1 billion in spot ...

Is XRP Safe After the CLARITY Act’s Defeat? Ripple CEO Brad Garlinghouse Says ‘We Have Clarity’
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Is XRP Safe After the CLARITY Act’s Defeat? Ripple CEO Brad Garlinghouse Says ‘We Have Clarity’

Key Highlights: Ripple CEO Brad Garlinghouse affirmed that $XRP holders remain well-protected by existing judicial precedent despite the legislative defeat of the CLARITY Act. Garlinghouse highlighted the landmark July 2023 ruling by Judge Analisa Torres, which determined that $XRP is not inherently a security and secondary exchange sales were not securities transactions. Following the Senate’s ...

Crypto Industry Focuses on Winning Candidates Over Political Parties
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Crypto Industry Focuses on Winning Candidates Over Political Parties

Key Highlights: Cryptocurrency super PAC Fairshake has committed $1 million each in independent expenditure support across a bipartisan group of six congressional candidates. Recipients include key House Republican leaders French Hill, Bryan Steil, and Bill Huizenga, as well as Democratic Representatives Janelle Bynum, Steven Horsford, and Derek Tran. The spending strategy rewards Democrats who broke ...

Patrick Witt Exits White House Crypto Council With No Replacement Named
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Patrick Witt Exits White House Crypto Council With No Replacement Named

Key Highlights: A key cryptocurrency policy official, Witt, has stepped down, marking the third departure of a senior digital asset adviser from the Trump White House this year. Witt served as the final remaining staffer on the White House crypto advisory team following earlier exits by crypto and AI czar David Sacks and deputy Harry ...

SEC and CFTC Crypto Rules Fall Short of Legislation, French Hill Says
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SEC and CFTC Crypto Rules Fall Short of Legislation, French Hill Says

Key Highlights: Lawmakers face a tight 22-day Senate post-election window to negotiate and pass the CLARITY Act (H.R. 3633) following an earlier procedural setback. Key sticking points between Democratic and Republican negotiators focus on ethics provisions, illicit finance, consumer protections, and stablecoin regulations. Both the SEC and CFTC are navigating regulatory moves under existing statutory ...

Clarity Act Stalls, but Bankers Press Ahead with Crypto Dealmaking
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Clarity Act Stalls, but Bankers Press Ahead with Crypto Dealmaking

Key Highlights The legislative setback facing the Clarity Act is not expected to halt cryptocurrency mergers and acquisitions, according to industry bankers and investors. M&A activity is anticipated to follow an uneven trajectory, with deals progressing in well-regulated sectors while targets tied to ambiguous token classifications face hurdles. Federal regulators are stepping in with independent ...

Donald Trump to Host Another Meme Coin Dinner: Key Details
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Donald Trump to Host Another Meme Coin Dinner: Key Details

Key Highlights: The company behind the $TRUMP meme coin, Fight Fight Fight LLC, announced a November 22 dinner offering access to the top 185 token holders based on a November 12 time-weighted snapshot. The promotional event follows the Senate’s 49-50 failure to advance the Clarity Act, where ethics rules surrounding Donald Trump’s crypto ventures were ...

Crypto Industry Faces a Sisyphean Struggle
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Crypto Industry Faces a Sisyphean Struggle

Key Highlights: The defeat of the Clarity Act stalls long-sought comprehensive regulatory oversight for the cryptocurrency market after years of failed legislative attempts dating back to the Token Taxonomy Act of 2018. Legislative progress faces a critical reset ahead of the incoming Congress due to the retirements of key architects, including digital asset subcommittee chair ...

CLARITY Act Failure Gives Coinbase an Edge in Stablecoin Rewards, Bitwise CIO Says
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CLARITY Act Failure Gives Coinbase an Edge in Stablecoin Rewards, Bitwise CIO Says

Key Highlights The cryptocurrency market remained notably resilient and rallied after the U.S. Senate killed the proposed CLARITY Act. Bitcoin climbed roughly 8% and Ether advanced about 7% over a two-week span following the legislative development. Altcoins experienced significant momentum, with NEAR surging nearly 104% and Uniswap gaining close to 49%. Crypto Markets Post Strong ...